Check out the companies making headlines in pre-market trading. Pfizer — Shares of Pfizer rose more than 2% in premarket trading after the drugmaker issued a 2025 forecast that was in line with Wall Street expectations. Pfizer said it expects revenue next year to be between $61 billion and $64 billion, according to FactSet, compared with a consensus estimate of $63.2 billion. Red Cat — Drone stock plunged more than 14% after posting a fiscal second-quarter loss of 18 cents a share, up from an 11-cent loss a year earlier. Red Cat’s stock price has soared in recent days as mysterious sightings in the Northeast have drawn attention and raised Wall Street’s hopes of increased funding for the drone industry. Nvidia, Broadcom – these two chip stocks have performed very differently in recent trading days. In premarket trading, Nvidia shares fell nearly 2% a day after entering correction territory. Broadcom’s stock price, on the other hand, is only slightly lower. The stock has gained more than 45% in the past week. On Thursday, Broadcom issued an optimistic forecast as revenue from its artificial intelligence business grows. SolarEdge Technologies — The clean energy stock rose 14% after Goldman Sachs upgraded the stock to buy from sell. The bank believes that SolarEdge is about to turn a profit, and 2025 will be the key turning point. Tesla – Shares of Tesla rose nearly 2% after Mizuho upgraded the electric car stock’s performance to outperform from neutral. The investment firm said Tesla should benefit from regulatory changes expected by the Trump administration, including around autonomous driving. Tesla’s stock price has risen 34% in December. Hims & Hers Health – The stock rose 2.4% after Morgan Stanley initiated an overweight rating on the digital health stock. The company said it is well-positioned to benefit from growing demand for personalized medicines. Albertsons — Shares of the grocery retailer rose 1.8% after Telsey Advisory Group upgraded the stock to outperform. Analyst Joseph Feldman said his visibility and confidence in Albertsons’ sales and profit growth potential has increased after recent discussions with Albertsons executives. Epam Systems, Cognizant Technology Solutions — IT services stocks each rose more than 1% as Barclays raised their weight to overweight from equal weight. The bank said the companies were making investments that could help them win business as they return to the industry. —CNBC’s Michelle Fox, Sean Conlon, Lisa Han, Jesse Pond and Yun Li contributed reporting.
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