Stocks Making the Greatest Movements Premarket 03/08

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Last Updated on March 8, 2023 by Bitfinsider

TeslaShares of the carmaker dropped less than 1% in premarket trading after Berenberg downgraded Tesla to hold from buy. After a strong start to the year, the financial firm believes there is “less space for disappointment” in Tesla’s stock.

Maxeon Solar Technologies — After the company’s fourth-quarter report, shares of the Singapore-based solar panel business rose nearly 15% in premarket trading. While Maxeon’s loss per share was higher than anticipated, sales and adjusted EBITDA margins exceeded analyst expectations, according to StreetAccount.

Cricut — Shares of the smart cutting machine maker rose more than 7% after the business reported a 20% increase in customers and paid members during the fourth quarter. Cricut’s sales decreased year over year, but its profit margin increased.

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