Check out the companies that make headlines before the bell. Solar Power – Space businesses have been abused as a version of the Senate President Trump’s tax bill phased out renewable energy incentives. Enphase Energy stocks fell 20%, while First Solar and Sunrun slid 16% and 36%, respectively. Solaredge Technologies has pulled back 30%. The shares rose 77% in the market after Verve Therapeutics – Gene Editing Company agreed to be acquired by Eli Lilly for $10.50 per share. The deal, worth up to $1.3 billion, is expected to close in the third quarter. Eli Lilly’s shares fell slightly. Streaming stock has increased by 2% after upgrading to a purchase rating from Roku – Roop Capital Markets. Analyst Alan Gould’s new price target is between $80 and $100. Roku won 10% on Monday after announcing an exclusive partnership with Amazon that will allow advertisers to reach around 80 million US households. Microsoft – Stocks fell nearly 1% after Wall Street Journal cited familiar people and reported that tensions between Microsoft and Openai over AI partnerships reached a boiling point. Lennar – After quarter revenues were stronger than expected, Homebuilder shares rose 2.5%. Lennar reported revenue of $8.38 billion. T-MOBILE US – Telecommunications stocks fell 4.4% after Bloomberg and Reuters reported SoftBank sold 21.5 million T-MOBILE shares on an unregistered overnight sale for $224 each. SoftBank raised about $4.8 billion, according to Reports. – CNBC’s Fred Invert, Lisa Han, Alex Hurling, Sarah Minh and Brian Evans contributed the report.
