Here are the stocks making headlines before Wall Street's opening bell on Tuesday. SolarEdge Technologies – Green energy stock fell more than 17% after announcing a new debt offering. SolarEdge said it will offer $300 million in convertible notes, due in 2029. Pool Corp shares fell 12.4% after the wholesale pool supplies distributor revised its full-year earnings guidance after the sale on Monday. Paul now expects full-year earnings per share to be between $11.04 and $11.44, down from his previous guidance of $13.19 to $14.19 and below the FactSet estimate of $13.05. Leslie's Inc. declined. Competition is more than 4% sympathetic. Carnival Corporation – Cruise stock rose after Carnival's second-quarter report beat estimates on the top and bottom lines. Carnival had 11 cents in adjusted earnings per share, while analysts surveyed by LSEG were looking for a loss of 2 cents. The stock opened up about 4%. Sea Limited – US shares of the Singapore-based consumer internet stock fell 3.9% on the back of JPMorgan's downgrade to neutral from overweight. JP Morgan said the stock could be hurt by increased competition. Penn Entertainment – Shares of the casino operator and online gambling platform fell 2% after Raymond James downgraded the stock to market perform from outperform, saying “current valuation is appropriate” following recent gains. The stock is down 25% this year but is up more than 10% this month. Walt Disney – Goldman Sachs initiated coverage of the media stock with a buy, citing its sports rights portfolio and theme parks as positives for the company. Disney shares rose less than 1%. Microsoft – Shares of the Xbox owner fell less than 1% after the European Union accused it of violating antitrust rules with its bundled software products. Enerpac Tool Group – Industrial supplies inventory fell more than 9% after reporting year-over-year sales declines in the fiscal third quarter. The company also lowered its net sales forecast for this year to $585 million from $590 million. Previous guidance called for between $590 million and $605 million. Airbus — Shares of the aerospace manufacturer fell 11% in France after it cut its financial targets for 2024. — CNBC's Alex Haring, Michelle Fox Theobald and Sarah Main contributed.
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Stocks with the biggest move in pre-market: SEDG, POOL, DIS
