Premarket movers Mag 7 stocks are mostly lower (Amazon -0.02%, Meta -0.1%, Nvidia +0.2%, Alphabet -0.1%, Microsoft -0.2%, Apple -0.3%, Tesla -0.7%). Celsius Holdings (CELH) rises 3% after Morgan Stanley upgraded the energy-drink maker to overweight from equal-weight, citing topline growth ahead. EchoStar (SATS) rises 8% as Verizon Communications is said to be in discussions with the company about purchasing some of its wireless spectrum. Energy Fuels Inc. (UUUU) falls 7% after a 550 million offering of six-year convertible bonds. Firefly Aerospace (FLY) is down 10% after the company disclosed an incident during a test at its facility in Texas that resulted in the loss of a rocket stage. Oklo (OKLO) falls 3% while NuScale Power (SMR) drops 4% after Bank of America downgraded the nuclear companies, seeing valuations as unrealistic at this stage of small modular reactor development. QuantumScape (QS) climbs 4% after saying it will jointly develop with Corning ceramic-separator manufacturing capabilities for QS solid-state batteries. Semtech (SMTC) rises 3.7% after Oppenheimer raised the stock to outperform, saying the semiconductor firm’s active copper cable offerings can win market share among hyperscalers and drive sales growth. Vail Resorts (MTN) slips 2% after providing a profit outlook that missed expectations as the company sold fewer passes than it previously expected for the upcoming ski season.(zerohedge)