By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Wednesday, April 7th. Please refresh for updates.
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Beyond Meat (NASDAQ:BYND) stock rose 2% after the plant-based food company announced the opening of a new manufacturing facility in China, its first outside the United States, which should increase its ability to deliver products in the region.
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Qiagen (NYSE:QGEN) stock rose 1.5% after the biotech firm announced the launch of a new ultra-fast sequencing solution that shortens the time needed for researchers to identify Covid-19 variants.
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Li Auto (NASDAQ:LI) stock fell 4.2% after the electric vehicle manufacturer announced a $750 million convertible senior note offering, to be used to fund research and development.
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Maxeon Solar Technologies (NASDAQ:MAXN) stock fell 5.6% after the solar panel manufacturer issued weaker-than-expected first-quarter revenue guidance.
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Moderna (NASDAQ:MRNA) stock rose 0.7% as the U.K. started using the drug maker’s Covid-19 vaccine earlier Wednesday. The company also stated that deliveries of its vaccine are on track to meet the number of doses it promised to the European Union.
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Genworth Financial (NYSE:GNW) stock fell 1.7% after the insurance company terminated a merger agreement with China-based Oceanwide after four years of delays.
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Royal Dutch Shell (LON:RDSa) ADR rose 0.3% even after the oil giant announced it expects to take a $200 million hit to first-quarter earnings from the extreme winter weather in the southern states earlier this year.
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Nokia (HE:NOKIA) (NYSE:NOK) ADR rose 1.3% after the Finnish telecom equipment maker maker announced it has settled a long-standing patent dispute with computer maker Lenovo, and would receive a payment from the Chinese company, the world's biggest PC maker.