Stocks making the biggest moves premarket: Pfizer, Tesla, SolarEdge, Red Cat and more
Check out the companies making headlines in premarket trading. Pfizer — The drugmaker’s stock climbed more than 2% in premarket trading after the company released 2025 forecast that met Wall Street expectations . Pfizer said it expects revenue between $61 billion and $64 billion next year, compared with a consensus estimate of $63.2 billion, per FactSet. Red Cat — The drone stock tumbled more than 14% after posting a loss of 18 cents per share for the fiscal second quarter, wider than the 11-cent loss seen in the same period a year prior. Red Cat has surged in recent days after mysterious sightings in the Northeast have captured attention and raised hopes on Wall Street of increased funding for the drone industry. Nvidia , Broadcom — The two chips stocks have seen diverging performance in recent sessions. In premarket trading, Nvidia shares slid almost 2%, a day after entering correction territory. Broadcom, on the other hand, was only slightly lower. The stock has rallied more than 45% over the past week. On Thursday Broadcom released an upbeat forecast as revenue from its AI business grows. SolarEdge Technologies — The clean energy stock jumped 14% on the heels of Goldman Sachs’ double upgrade to buy from sell. The bank sees the makings of a turnaround story for SolarEdge, with 2025 being a key inflection point. Tesla — The electric vehicle stock rose nearly 2% after an upgrade to outperform from neutral at Mizuho. The investment firm said Tesla should benefit from expected regulatory changes under the Trump administration, including around autonomous driving. Shares of Tesla were already up 34% in December. Hims & Hers Health – Shares advanced 2.4% after Morgan Stanley initiated coverage on the digital health stock with an overweight rating. The firm said the company is well-positioned to benefit from increasing demand for personalized medication. Albertsons — The grocery retailer added 1.8% following an upgrade to outperform from market perform at Telsey Advisory Group. Analyst Joseph Feldman said that his visibility and confidence in Albertsons’ potential for growth in sales and profits had increased following a recent discussion with the company’s executive suite. Epam Systems , Cognizant Technology Solutions — The IT services stocks each rose more than 1% on the back of upgrades to overweight from equal weight by Barclays. The bank said the companies made investments that can help them win business as it returns to the sector. — CNBC’s Michelle Fox, Sean Conlon, Lisa Han, Jesse Pound and Yun Li contributed reporting.
