Check out the companies making the biggest moves in premarket trading: Firefly Aerospace — The space technology company’s stock fell 10% after one of its rocket boosters exploded during preflight testing at its Texas facility. Firefly Aerospace said no other facilities were affected and it is assessing the impact of the explosion. Wolfspeed — The semiconductor components maker’s stock jumped 18%, one day after surging almost 1,700%. Wolfspeed said Monday it successfully completed a financial restructuring and emerged from Chapter 11 protection. Progress Software — The maker of AI-powered infrastructure software earned third quarter adjusted earnings of $1.50 a share on revenue of $250 million, topping the LSEG consensus estimate of adjusted EPS of $1.30 on revenue of $240. Progress also raised its full-year guidance. Shares moved 2% higher. Instacart — Shares of the grocery delivery company lost 2.5% after a downgrade at BTIG to neutral from buy. The investment bank cited stepped-up competition for the call. United Natural Foods — The grocery distributor rose nearly 5% after a fiscal fourth quarter loss of 11 cents per share topped analysts’ estimate of an 18-cent-per-share loss, according to FactSet data. Revenue also beat expectations, coming in at $7.7 billion, versus the $7.64 billion consensus estimate. Array Technologies — The solar tracking system maker gained 2% after Deutsche Bank initiated coverage with a buy rating. The firm said Array’s turnaround story is set to gain momentum. Nextracker — Deutsche Bank initiated coverage of Nextracker with a buy rating, calling the company the “best solar tracker player.” The stock added 1.2%. Freeport-McMoRan — Bank of America upgraded the copper miner to buy from neutral, saying it believes key risks around its halted mine in Indonesia are priced in and that its commodities team is bullish on the key metal. Shares of Freeport-McMoRan rose 2%. Celsius Holdings — The energy drink maker climbed nearly 4% on the back of Morgan Stanley’s upgrade to overweight from equal weight. The investment bank said Celsius’ revenue is due to reaccelerate more than the Street expects. EchoStar — The telecom company jumped 7% after Bloomberg News, citing unidentified sources, reported it was in talks to sell some of its wireless spectrum to Verizon . Verizon shares were little changed. Coty — Shares rose 1.2% after the cosmetics company said it’s launching a strategic review of its consumer beauty business that could lead to the sale of key brands, including CoverGirl, Rimmel and Sally Hansen. — CNBC’s Sarah Min, Alex Harring and Fred Imbert contributed reporting. (Learn the best 2026 strategies from inside the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and info here .)
