Premarket Stock Movements: Generac, Lennar, Nike and Others
In premarket trading, several stocks saw significant movements due to key developments. Generac surged over 33% after announcing a $2.4 billion deal with Amazon for backup power generators through 2027-2028, along with an option allowing Amazon to purchase up to $340 million in stock. Lennar shares fell by 1.2% following weaker-than-expected third-quarter earnings and revenue results compared to analyst forecasts and last year's performance. Fluence Energy dropped nearly 22%, driven by a downward revision of its full-year guidance, including lower projected revenues and higher anticipated losses for 2026. Nike shares rose slightly (1.5%) after appointing Alexandre Arnault from LVMH to its board, signaling potential strategic improvements. Arm Holdings also gained about 4% as CEO Rene Haas expressed growing confidence in meeting demand for the company's new data center chip.
Tickers: $AMZN $ARM $FLNC $GNRC $LEN $NKE
Topics: corporate_deals earnings_results executive_appointments stock_moves