Wednesday Select Premarket Movers
Upside:
-EOSE +22% (earnings, guidance; forms Frontier Power USA with Cerberus and files mixed shelf of indeterminate amount)
-VNET +17% (signs share purchase agreement with PJ Millennium)
-TSEM +15% (earnings, guidance)
-WOLF +15% (hearing Citrini Research makes constructive comments)
-NBIS +14% (earnings, guidance; announces new second owned gigawatt-scale site in the US)
-ELAB +9.7% (acquires A&B Aerospace for $4.5M cash and debt-free basis)
-MU +5.4% (momentum)
-CMPS +5.1% (earnings, color)
-BOBS +4.1% (CEO buys shares)
-SATS +4.1% (FCC approves Echostar $40B sale of Wireless spectrum to SpaceX and AT&T)
-CRWV +3.8% (price targets raised at Citi; higher in sympathy with Nebius)
-INTC +3.0% (momentum)
-SNDK +2.7% (S&P raises rating one notch to BB+ from BB; Outlook Positive)
-UMAC +2.7% (ROTH Initiates UMAC with Buy, price target: $25)
-ST +2.6% (Truist Raised ST to Buy from Hold, price target: $58)
-NVDA +2.0% (momentum)
Downside:
-WIX -22% (earnings, guidance)
-RCAT -14% (prices upsized ~23.9M shares at $9.40/share for gross proceeds worth ~$225.0M)
-DT -13% (earnings, guidance)
-KRMN -9.6% (earnings, guidance)
-WRD -7.3% (earnings, color)
-BIRK -5.7% (earnings, guidance)
-GTM -2.2% (Mizuho Securities Cuts GTM to Underperform from Neutral, price target: $3)
-BABA -2.1% (earnings, color)
Position: None
