December 2, 2023

On October 6, 2021, Connie Black made adjustments to the production line for Series 6 solar panels during a tour of the First Solar facility in Walbridge, Ohio.

Dane Rees | Reuters

Check out the companies with the biggest midday moves:

first solar – Shares soared 22% solar company announced It acquired Evolar AB for a whopping $80 million. First Solar said the acquisition of the European company, which develops thin films for use in solar panels, will accelerate its development of next-generation photovoltaic technologies.

News Corporation — Shares of the media company surged 6% after News Corp. reported after the close on Thursday that its fiscal third-quarter earnings and revenue topped expectations, according to FactSet. The company also said it expects to save $160 million annually by the end of 2023 through previously announced job cuts.

Icahn Enterprises — Carl Icahn’s holding company rebounded 4 percent, paring its loss for the week to 12 percent. The stock has been on a wild ride after prominent short seller Hindenburg Research took a short position, citing “inflated” asset valuations and other reasons. Separately, Icahn Enterprises said its board approved a $500 million repurchase authorization. The company also recently declared a quarterly dividend of $2 per share.

Jingdong — The U.S.-listed shares of the Chinese e-commerce company fell 5.6%, after rising 7.2% a day earlier on better-than-expected earnings. also announced on Thursday that CEO Xu Lei will step down in June due to “personal reasons” and will be replaced by CFO Sandy Ran Xu.

Charles Schwab — Shares of the brokerage rose more than 2% on Friday, the firm reported Total client assets increased by 1% in April. Customer cash sorting activity continued to decline in May, Chief Financial Officer Peter Crawford said in a release.

Twilio — Shares fell nearly 5%. The move added to losses that began after the communications software developer late Tuesday forecast second-quarter earnings that missed analysts’ expectations. On Friday, Mizuho downgraded the stock to neutral from buy, saying Twilio faces too many challenges in the near term.

Robin Hood — The stock fell 7.7 percent. That was a reversal of Thursday’s 6.4% gain, a day after Robinhood beat first-quarter earnings and revenue estimates. On Friday, Morgan Stanley said the new 24-hour deal Robinhood announced on Wednesday would not provide any material boost to the company’s financials.

fox — Shares fell nearly 1% after Wells Fargo downgraded the media company to equal weight from overweight. The Wall Street firm cited demand challenges for linear TV and the cost of sports rights. Fox reported a net loss for its fiscal third quarter on Tuesday due to costs related to Fox News’ settlement with Dominion Voting Systems.

digital generation — Gen Digital fell 8% after its fiscal fourth-quarter earnings report after the market closed on Thursday. The cybersecurity company reported adjusted earnings that topped analysts’ expectations, according to FactSet. However, its bookings for the quarter of $1.02 billion fell short of expectations for $1.06 billion.

—CNBC’s Yun Li, Jesse Pound, Michael Bloom and Sarah Min contributed reporting.