Newmont digs up big rally after blowout Q2 results

Nuscale shares are dropping in the early trading session after it released Q1 earnings yesterday after the bell that are failing to rejuvenate any excitement in the once high-flying, early-stage nuclear energy company.

The company announced Q1 revenue of just $560,000, well below the $10.5 million estimate, with sales down materially year over year thanks to old licensing and design deals that have since been completed.

The lack of financial progress has made NuScale Power more of a momentum-driven way to play the intersection of clean energy and AI infrastructure, particularly as hyperscalers and data center operators search for long-term power sources.

“The demand for reliable, carbon-free power has never been greater, and NuScale is the only SMR technology provider with a U.S. Nuclear Regulatory Commission approved design, an established supply chain and NPM components currently in production for commercial use to meet this essential need,” said John Hopkins, NuScale president and CEO. “We are building the infrastructure that this pivotal moment requires.”

Analysts at Goldman Sachs trimmed their price target to $9 from $10 in the wake of this report.

The company ended this quarter with cash, cash equivalents, and short- and long-term investments of $1.0 billion. The stock has dropped more than 25% year to date.

Gaming giant Nintendo reported the results for its fourth quarter, which ended in March, on Friday morning. Its US-traded ADR fell nearly 4% in premarket trading.

Most notably, Nintendo announced it will raise the price of its Switch 2 console in the US by $50 to $499.99 in September. Investors have been waiting for Nintendo to join its rivals Sony and Microsoft in boosting the price of its flagship console, but the company had thus far been unwilling to do so this early in the Switch 2’s life cycle.

Nintendo shares have fallen about 45% over the past 12 months, as the company has been hit by tariffs and costs have increased due to AI’s memory demand and higher global shipping rates amid the war in Iran.

For its fiscal 2026, Nintendo reported:

• 2.313 trillion yen ($14.8 billion) in total revenue, compared to estimates of 2.31 trillion yen ($14.78 billion) from Wall Street analysts polled by FactSet.

• 19.86 million Switch 2 sales, compared to its 19 million forecast.

For the fiscal year ahead (which will end in March 2027), Nintendo forecast 16.5 million Switch 2 sales. The company is guiding for 2.050 trillion yen ($13.1 billion) in sales for the full year, compared to Wall Street estimates of 2.5 trillion yen ($16.1 billion).

Fluence Energy is building on Thursday’s massive gains in the premarket on Friday amid optimism about data center demand for its energy storage solutions.

Though the company delivered underwhelming Q2 results after the close on Wednesday, management announced the signing of new master supply agreements with two major hyperscalers and expects to convert its first order soon. During the conference call, CEO Julian Nebreda indicated that the company has a 12-gigawatt pipeline tied to data center projects.

Analysts at JPMorgan, Canaccord, Jefferies, Goldman Sachs, and Roth Capital raised their price targets on Fluence in the wake of this news.

“The sentiment on FLNC was negative going into the quarter and the hyperscaler announcement came sooner than expected,” noted Citi analyst Vikram Bagri, per Bloomberg.