Premarket Movers: Salesforce, First Solar, Biogen Lead the Charge

Salesforce rose 4% after Bank of America upgraded the stock to buy from underperform, noting that artificial intelligence should deepen dependence on the software rather than disrupt it. First Solar gained 2.4% after Truist upgraded the shares to buy from hold, citing strong solar demand, growth prospects, and the company’s pricing power. Biogen shares advanced 2% following a JPMorgan upgrade to overweight from neutral, with the firm pointing to several clinical readouts expected in 2027 as near‑term catalysts. Iren, the Australia‑based operator of 100% renewable energy assets, jumped 5.3% after The Information reported a multiyear cloud‑computing deal with Anthropic. SLM rose 2% after Morgan Stanley upgraded the stock to overweight from equal weight, labeling the shares a buying opportunity despite being down 15% year‑to‑date. Mattel increased more than 1% after Seaport upgraded the stock to buy from neutral, highlighting takeover speculation that could uncover underappreciated value in the toy sector. IonQ fell more than 2% after The Wall Street Journal disclosed the company’s acquisition of cybersecurity firm Elisity for up to $1.3 billion. Micron slipped 2% as China’s CXMT announced it will begin producing next‑generation memory chips that will compete with U.S. and Korean suppliers.

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