Check out the companies making the biggest moves in pre-market trading: Firefly Aerospace – Space Technology Company’s stock fell 10% after one of its rocket boosters exploded during pre-light testing at its Texas facility. Firefly Aerospace said the other facilities were not affected and are assessing the impact of the explosion. WolfSpeed - Semiconductor component manufacturer stock jumped 18% a day after almost 1,700% surges. WolfSpeed said Monday that the financial restructuring was successfully completed and emerged from Chapter 11 protection. Progress Software – The manufacturer of AI-powered infrastructure software earned $250 million in third quarter adjusted profits of $1.50, surpassing the LSEG consensus estimate for the $240 adjusted EPS of $1.30. Progress also raised year-round guidance. Stocks rose 2%. Instacart – The grocery delivery company’s shares lost 2.5% after downgrading from Buy to Neutral on BTIG. Investment banks cited the competition that was stepped up for the call. Grocery distributors rose nearly 5% after a fourth quarter loss of 11 cents per share estimated an analyst’s 18 cents loss, according to data from United Natural Foods – Factset. It also beat its $7.7 billion forecast against a consensus estimate of $7.7 billion. Array Technology – Solar Tracking Systems manufacturers have won 2% after Deutsche Bank began compensation with purchase ratings. The company said the Array’s turnaround story is set to gain momentum. Nextracker – Deutsche Bank has begun compensation with Nextracker purchase ratings, calling the company “the best solar tracker player.” We have added 1.2% stock. Freeport-McMoran – Bank of America upgraded copper miners to buy from neutral, considering the key risk of a halted mine in Indonesia was price and its commodity team was bullish on key metal. Freeport-McMoran shares rose 2%. celsius Holdings – Energy drink makers rose nearly 4% on the back of Morgan Stanley upgrades. The investment bank said Celsius revenue is to re-promote more than the streets expect. ECHOSTAR – The telecom company rose 7% after Bloomberg News, citing an unclear source. Verizon’s shares were largely unchanged. COTY – The shares rose 1.2% after Cosmetics Company said it had launched a strategic review of consumer beauty businesses that could lead to sales of major brands such as CoverGirl, Rimmel and Sally Hansen. – CNBC’s Sarah Min, Alex Harring and Fred Imbert contributed to the report. (Learn the best 2026 strategies from within NYSE with Josh Brown and others on CNBC Pro Live. Tickets and info here.)
