Packages of Beyond Meat Inc.’s plant-based products, Beyond Burger and Beyond Sausage, are displayed at a supermarket in Katwijk, Netherlands, Nov. 19, 2020.
Yuriko Nakao | Getty Images
Discover the companies generating buzz in premarket trading.
Roku — The leading streaming provider experienced a 2% increase prior to market opening. Recently, the company forged a partnership with Shopify to enable direct purchases through Roku TV.
Beyond Meat — The provider of plant-based meat alternatives saw a 2% increase on Wednesday morning. The company recently announced that its steak product will now be available in approximately 14,000 stores across the U.S., including major retailers like Whole Foods and Wegmans. Beyond Meat’s shares rose by 4% in the previous session.
SunPower — The solar power company experienced a nearly 6% surge in premarket trading after Raymond James upgraded their stock, stating that the recent decline in value was unwarranted.
Carvana — The online car retailer saw a roughly 2% increase after receiving an outperform rating from JMP, with analyst Nicholas Jones suggesting that the company may be on the verge of a growth resurgence driven by positive EBITDA.
Netflix — The renowned streaming giant saw a 0.4% increase on Wednesday morning after UBS raised its price target for Netflix to $525 per share, suggesting a potential upside of nearly 20%. Netflix will be reporting its quarterly results on July 19.
Holley Inc. — The auto parts company experienced a surge of over 15% after being upgraded to a buy rating by Bank of America, citing improving sales momentum and better sourcing. JPMorgan Chase also upgraded their shares from neutral to overweight.
Stellantis — The vehicle manufacturer witnessed a 2% increase after Bank of America upgraded their rating to buy, suggesting that the company may have an advantage over its competitors due to its significant exposure to the U.S. market.
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