Key Points To Watch Out For:
- SunRun shares fall 25% due to removal of tax credits.
- T-Mobile drops after huge sale of shares by SoftBank.
- Microsoft falls 1% ahead of tensions with OpenAI.
SunRun (RUN): slump after solar incentives eliminated
SunRun shares plunged 25% in premarket trading after the Republican Senate upheld the complete elimination of tax credits for solar and wind energy in President Trump’s budget bill. Enphase Energy and First Solar also posted sharp declines, mirroring the negative impact across the renewable sector.
This legislative decision adds pression to a market already facing regulatory and cost challenges.
Mitsubishi (JP:8058): down on energy sector negotiations
Japan’s Mitsubishi fell 1.1% on the Tokyo Stock Exchange after it was announced that the company is in talks to acquire assets from US-based Aethon Energy Management for around $8 billion. The possible deal reinforces Japan’s strategic focus on securing energy supplies, although investors reacted cautiously to the size of the deal.
Sarepta Therapeutics (SRPT): slight recovery after previous slump
Sarepta shares rose briefly in premarket trading after losing nearly 40% on Monday. The biotech company paused shipments of its gene therapy Elevidys to non-ambulatory patients after a second death related to its use. The partial recovery reflects mixed feelings about the treatment’s future and its regulatory impact.
Roku (ROKU): rise driven by advertising deal with Amazon
Roku continued its positive streak with a premarket rise, after advancing 10% on Monday. The momentum comes from a new agreement with Amazon for television advertising, which will allow both companies to expand their advertising offerings and reach a wider audience. Investors see the alliance as a way to bolster revenue amid fierce competition in the streaming sector.
T-Mobile US (TMUS): down after SoftBank divestment
T-Mobile fell more than 4% in premarket trading after SoftBank, its longtime majority shareholder, sold 21.5 million shares for approximately $4.8 billion, media reports said. The massive exit has raised questions about the price stabilisation and long-term vision of the Japanese conglomerate regarding the telecommunications company.
Microsoft (MSFT): falls on friction with OpenAI
Microsoft shares fell more than 1% before the open after friction emerged with OpenAI, its key partner in artificial intelligence. Reports suggest that executive at the startup had considered charging Microsoft with anti-competitive practices. The disagreement reflects possible future challenges in a central alliance for the development of AI-powered products.
Oracle (ORCL): pushes program for defense suppliers
Oracle unveiled a new program to help small suppliers enter the US defense market. Participating companies will also receive discounts on Palantir’s AI and cloud platform. The move aims to strengthen Oracle’s position in the public sector and expand its network of technology partners in a challenging environment.
Lennar (LEN): mixed results in the housing market
Homebuilder Lennar posted mixed quarterly results, notable for a decline in the average price of homes delivered. Although demand remains strong in some regions, the impact of interest rates and inflation continued to weigh on margins in the real estate sector.
