Plug Power, Bed Bath & Beyond, Walgreens, Twitter – Thursday Premarket Movers

Stock futures rallied Thursday after the Democrats won control of the Senate and Joe Biden was recognized by Congress as the next US president.

Here are some of the top risers during Thursday’s premarket trading.

1. Insert the plug | 19.71% up

Shares of plug power (PLUG) – Request report rose Thursday after South Korean conglomerate SK Group said it will invest $ 1.5 billion in the hydrogen fuel cell manufacturer.

The deal comes as governments and businesses around the world try to switch from reliance on traditional fossil fuels for power to other forms of renewable energy, including solar, wind and hydrogen.

2. Bed Bath & Beyond BBBY | 12.74% down

Bed Bath & Beyond (BBBY) – Request report slumped after posting weaker-than-expected third-quarter results on Thursday, saying comparable store sales for the current period would likely be in line with last year’s levels.

The group’s net sales, the company said, fell 5% to $ 2.6 billion, again missing analyst estimates of $ 2.75 billion. Comparable store sales were up 2%, in part due to “significantly strong growth in digital channels,” the company said.

3. Walgreens WBA | 2.72% higher

Shares of Walgreens Boots Alliance (WBA) – Request report rose after the drugstore chain posted stronger-than-expected results in the first quarter, in part driven by a solid rise in US pharmacy retail sales.

Walgreens reiterated its adjusted earnings forecast for the year 2021 and estimated earnings should grow at the “low single-digit” rate, although the first half of the year will be negatively impacted by the ongoing coronavirus pandemic.

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