Check out the companies making headlines before the opening bell: AES — The renewable and thermal power producer climbed 11% after a Financial Times report that Blackrock-owned Global Infrastructure Partners is in late-stage talks to acquire the Virginia-based utility. Bank stocks — Financials fell broadly as traders weighed the economic ramifications of the U.S. government shutdown. JPMorgan Chase and Goldman Sachs lost about 0.6%., Wells Fargo fell 0.8% and Citigroup shed 1%. Sunrun — The solar panel maker rose nearly 5% after a Jefferies upgrade to buy from hold highlighted Sunrun’s strong cash generation. Peloton — The exercise equipment maker added 5% after it said it is revamping its product assortment , launching a commercial equipment line and raising prices for both subscriptions and hardware ahead of the holiday season. Nike — The athletic shoe and clothing maker rose about 4% after beating Wall Street expectations for both revenue and net income in the first fiscal quarter and saying it sees better-than-expected sales growth. Nike warned that sales could slide this holiday season, however, and that it is experiencing higher tariff costs than previously anticipated. Coinbase — The cryptocurrency platform advanced more than 2% after BTIG initiated research coverage with a buy rating, and crypto-related stocks are moving higher Wednesday as bitcoin rallies. Additionally, The Information said Tuesday that the U.S. Securities and Exchange Commission is developing a plan to regulate stock trading on blockchains — a regulatory shift that could benefit Coinbase. Netflix — The media streaming stock fell more than 1% after Tesla CEO Elon Musk posted Wednesday on X that users should cancel their Netflix subscriptions, kicking off a wave of boycott calls. Delta Air Lines — The Atlanta-based carrier added about 1%. Jefferies upgraded Delta to buy from hold, saying it had increased confidence in wider fourth-quarter profit margins. Carvana — The used-car seller advanced 1% after it debuted same-day delivery services in the San Francisco Bay Area. Lithium Americas — Shares jumped 32% after the Department of Energy said Tuesday it plans to take a 5% equity stake in the lithium miner. Wolfspeed — The chipmaker added another 1% after formally exiting Chapter 11 bankruptcy protection, saying it reduced its total debt by some 70%, cut its annual cash interest costs by about 60% and has “ample liquidity” to continue supplying customers. — CNBC’s Alex Harring, Fred Imbert and Sarah Min contributed reporting.
