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Check out the companies making headlines in premarket trading. Pfizer – Shares of the drugmaker rose more than 2% in premarket trading after the company released a forecast for 2025 that met Wall Street’s expectations. Pfizer said it expects revenue of $61 billion to $64 billion next year, compared with the consensus estimate of $63.2 billion, per FactSet. Red Cat – Drone stocks fell more than 14% after posting a loss of 18 cents per share in the fiscal second quarter, higher than the loss of 11 cents seen in the same period a year earlier. Red Cat has rallied in recent days after mysterious sightings in the Northeast grabbed attention and raised hopes on Wall Street for increased funding for the drone industry. Nvidia , Broadcom – Both chip stocks have seen mixed performance in recent sessions. In premarket trading, Nvidia shares fell nearly 2%, a day after entering correction territory. Broadcom, on the other hand, was slightly more subdued. Shares are up more than 45% in the past week. On Thursday Broadcom posted a positive forecast as revenue from its AI business continues to grow. SolarEdge Technologies – The clean energy stock jumped 14% on Goldman Sachs’ double upgrade from sell to buy. The bank sees the role of a breakthrough story for SolarEdge, with 2025 being a key turning point. Tesla – The electric vehicle stock rose nearly 2% after an upgrade to neutral from neutral on Mizuho. The investment firm said Tesla should benefit from regulatory changes expected under the Trump administration, including around autonomous driving. Tesla shares were already up 34% in December. Hims & Hers Health – Shares advanced 2.4% as Morgan Stanley initiated coverage of the digital health stock with an overweight position. The company said the company is well positioned to capitalize on the growing demand for personalized medicine. Albertsons – The grocer added 1.8% to outperform the market after an upgrade from Telsey Advisory Group. Analyst Joseph Feldman said his visibility and confidence in Albertsons’ potential for sales and earnings growth had risen after recent discussions with the company’s executive suite. Epam Systems, Cognizant Technology Solutions – IT services stocks rose more than 1% on Barclays’ upgrade from equal weight to overweight. The bank said companies made investments that could help them win business as the sector returns. – CNBC’s Michelle Fox, Sean Conlon, Lisa Han, Jesse Pound and Yun Li contributed reporting.
