Rivian, SolarEdge, Sphere Entertainment and more

Try the businesses making headlines earlier than the bell:

Rivian Automotive — Shares popped 3.3% within the premarket. Evercore ISI upgraded Rivian Automotive to outperform from in line, and raised its worth goal, saying the electrical truck maker might be the following Tesla and BYD.

Sphere Leisure — The inventory jumped greater than 7% after the leisure and media firm opened its Sphere venue in Las Vegas with a present from U2 on Friday night time. The Sphere will host stay live shows and sporting occasions.

Insulet — Shares gained 3.4% in premarket buying and selling. Jefferies upgraded the medical gadget maker to purchase from maintain, saying traders ought to reap the benefits of latest underperformance so as to add publicity.

Sunnova Power Worldwide — UBS initiated protection of the photo voltaic firm with a purchase score, sending shares up 1.5% in premarket buying and selling. The Wall Avenue agency believes Sunnova is properly positioned to take market share due to growing demand for third-party-owned residential photo voltaic methods. Its $16 worth goal implies practically 53% upside from Friday’s shut. 

Clorox — The patron merchandise firm rose 3.3% in premarket buying and selling after D.A. Davidson upgraded Clorox to purchase from impartial. The funding agency stated that Clorox’s inventory may rally as the corporate provides traders extra readability concerning the fallout from an August cyberattack.

AMC Leisure — Shares of the leisure firm moved up 2% earlier than the bell after it introduced that Renaissance: A Movie by Beyoncé, can be distributed within the U.S. in December.

SolarEdge Applied sciences — The photo voltaic inventory dropped 2.7% after Barclays downgraded SolarEdge Applied sciences to equal weight from chubby, saying worth cuts are “inevitable” subsequent yr for the corporate.

Nvidia — Shares rose greater than 1% after Goldman Sachs added the chipmaker to its Americas conviction checklist for the month, saying this yr’s market chief will preserve its place. The Wall Avenue agency has a purchase score on the inventory.

FedEx — The inventory rose 0.5% within the premarket. Susquehanna upgraded the transportation firm to constructive from impartial, saying the long-term alternative is bigger than the near-term danger.

Chubb — Shares fell 1.5% after JPMorgan downgraded Chubb Restricted to impartial from chubby, saying neither the industrial strains market nor the inventory’s valuation is as compelling.

— CNBC’s Michelle Fox, Lisa Han and Jesse Pound contributed reporting