Check out the companies that make headlines before the opening bell. Lithium America – Shares rose 32% after the Department of Energy said Tuesday it plans to acquire a 5% stake in Lithium Minor. AES – Renewable and thermal power producers rose 11% after the Financial Times reported that BlackRock owned global infrastructure partners are in late consultations to acquire the Virginia-based utility. Bank Stocks – Finances have dropped significantly as traders hampered the economic impact of US government shutdowns. JPMorgan Chase and Goldman Sachs lost about 0.6%, Wells Fargo fell 0.8% and Citigroup fell 1%. Sunrun – Solar Panel Maker rose almost 5% after Jefferies upgraded to buy from Sunrun’s powerful cash generation, highlighted. Peloton – Exercise equipment manufacturers have revamped their product range, launched a commercial equipment line and added 5% after saying they are increasing prices for both subscription and hardware ahead of the holiday season. Nike – Athletic shoes and clothing manufacturers rose about 4% after saying they were seeing better sales growth than expected, beating Wall Street’s expectations for both revenue and net income for the first quarter. Nike warned that sales could slide this holiday season and are experiencing higher tariff costs than previously expected. Coinbase – Cryptocurrency platforms have grown by more than 2% after BTIG launched research coverage with purchase ratings. Additionally, the information said Tuesday that the Securities and Exchange Commission is developing a plan to regulate stock trading on the blockchain. Netflix – Media streaming stock has fallen by more than 1% after Tesla CEO Elon Musk posted on X on Wednesday. Delta Airlines – The Atlanta-based carrier has added about 1%. Jeffries upgraded the Delta and bought it from Hold, saying he’s gained confidence in the wider fourth quarter profit margins. Carvana – Used car sellers rose 1% after debuting same-day delivery service in the San Francisco Gulf region. WolfSpeed - Chipmakers have said they have “sufficient liquidity” to continue supplying their customers after officially terminating Chapter 11 bankruptcy protection by adding an additional 1%, reducing total liabilities by about 70%, reducing annual cash interest costs by about 60%, and continuing to supply their customers. – CNBC’s Alex Hurling, Fred Invert and Sarah Minh provided reports
