Stocks making the biggest moves premarket: Dayforce, Sunrun, Tesla, Novo Nordisk and more
Check out the companies making headlines in premarket trading. Dayforce — The software stock surged more than 24% after people familiar with the matter told Bloomberg that Thoma Bravo is currently engaged in talks to acquire Dayforce and could do so in the coming weeks. Sunrun — Stock in the solar panel company gained 4%. RBC Capital Markets upgraded Sunrun to outperform , with analyst Christopher Dendrinos noting recent guidance from the Treasury Department describing how renewable projects might qualify for tax benefits under President Donald Trump’s tax bill as a potential catalyst. Soho House — Shares jumped more than 16% after a group of investors led by MCR Hotels announced that it’s planning to take Soho House private in a deal valued at around $2.7 billion. The deal is expected to close by the end of this year. Nextracker — Shares of the solar tracking technologies company rose more than 4%. The move comes after Guggenheim upgraded its rating on the stock to buy from neutral, saying last week’s clarifications on safe harbor from the Internal Revenue Service helps tracker suppliers like Nextracker. Guggenheim’s $74 price target implies more than 22% upside for the stock from Friday’s close. Novo Nordisk — The Danish drugmaker moved 4% higher after its obesity drug Wegovy was approved by the U.S. Food and Drug Administration to treat a serious liver disease, metabolic dysfunction-associated steatohepatitis (MASH). Terawulf — Shares rose 9%. Terawulf announced that artificial intelligence company Fluidstack plans to expand at its presence at the company’s Lake Mariner data center campus in New York. Google is slated to give an incremental backstop of $1.4 billion. Tesla — Shares of the electric vehicle company were marginally lower following a report from the London Times that said Tesla is offering steep discounts on leases in the U.K. to help move more inventory. — CNBC’s Alex Harring, Michelle Fox, Sean Conlon and Sarah Min contributed reporting.
