Stocks making the biggest moves after hours: Chevron, QuantumScape, Verizon & more

Check out the firms making headlines in after-hours buying and selling on Tuesday.

Verizon – Shares of the telecommunications big have been up 2% in after-hours buying and selling after Warren Buffett’s Berkshire Hathaway revealed a giant stake in Verizon. As of Dec. 31, Berkshire Hathaway owned 146,716,496 Verizon shares value $8.6 billion at the finish of 2020.

SolarEdge – Shares of the solar-inverter maker gained more than 4% following the launch of the firm’s fourth-quarter earnings outcomes. SolarEdge earned 98 cents per share excluding objects on $358.1 million in income. Analysts surveyed by FactSet anticipated the firm to earn 66 cents per share on $355.5 million in income.

Chevron – The oil big’s shares rose 2% in prolonged buying and selling after Berkshire Hathaway additionally revealed a stake in the power firm. The conglomerate bought more than 40 million Chevron shares throughout the fourth quarter, based on a regulatory submitting.

QuantumScape – The battery firm’s shares gained 5% after QuantumScape launched its first quarterly report since going public in November. The firm stated it misplaced $2.41 per share. There have been too few estimates to have a Street consensus for the quarter. The firm stated in a letter to shareholders it believes it has “sufficient funding … to fund us through first production.”

—CNBC’s Rich Mendez contributed reporting.

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