## Biggest Stock Movers Thursday: PLUG, NIO, and More ### Market movers The stock market was mixed on Thursday as investors digested a slew of corporate earnings and economic data. The Dow Jones Industrial Average rose 0.4%, the S&P 500 gained 0.3%, and the Nasdaq Composite fell 0.1%. Some of the biggest stock movers on Thursday included: * **Plug Power (PLUG)**: Shares of the hydrogen fuel cell company surged 12.6% after the company reported better-than-expected earnings. Plug Power said it had a net loss of $0.15 per share in the fourth quarter, which was narrower than the $0.23 per share loss that analysts had expected. The company also said it had a record backlog of orders, which it said was a sign of growing demand for hydrogen fuel cells. * **NIO (NIO)**: Shares of the Chinese electric vehicle maker rose 6.3% after the company reported a smaller-than-expected loss in the fourth quarter. NIO said it had a net loss of $0.14 per share in the fourth quarter, which was narrower than the $0.21 per share loss that analysts had expected. The company also said it had delivered a record number of vehicles in the fourth quarter, which it said was a sign of growing demand for electric vehicles in China. * **Altria Group (MO)**: Shares of the tobacco company fell 3.2% after the company reported a decline in cigarette sales in the fourth quarter. Altria said it sold 2.9% fewer cigarettes in the fourth quarter than it did in the same period a year earlier. The company also said it expects cigarette sales to continue to decline in the future. ### Other notable movers * **Apple (AAPL)**: Shares of the tech giant rose 1.2% after the company reported a record profit in the fourth quarter. Apple said it had a net income of $34.6 billion in the fourth quarter, which was up 20% from the same period a year earlier. The company also said it had a record number of active devices in use, which it said was a sign of growing demand for its products. * **Amazon (AMZN)**: Shares of the e-commerce giant fell 1.9% after the company reported a smaller-than-expected profit in the fourth quarter. Amazon said it had a net income of $3.3 billion in the fourth quarter, which was down 56% from the same period a year earlier. The company also said it expects its profit to decline in the first quarter of 2023. * **Tesla (TSLA)**: Shares of the electric car maker rose 1.3% after the company reported a record profit in the fourth quarter. Tesla said it had a net income of $3.7 billion in the fourth quarter, which was up 59% from the same period a year earlier. The company also said it had a record number of vehicle deliveries in the fourth quarter, which it said was a sign of growing demand for electric vehicles.
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