Check out the businesses making headlines earlier than the bell:

Rivian Automotive — Shares popped 3.3% within the premarket. Evercore ISI upgraded Rivian Automotive to outperform from in line, and raised its worth goal, saying the electrical truck maker might be the following Tesla and BYD.

Sphere Entertainment — The inventory jumped greater than 7% after the leisure and media firm opened its Sphere venue in Las Vegas with a present from U2 on Friday night time. The Sphere will host stay live shows and sporting occasions.

Insulet — Shares gained 3.4% in premarket buying and selling. Jefferies upgraded the medical gadget maker to purchase from maintain, saying buyers ought to benefit from latest underperformance so as to add publicity.

Sunnova Energy International — UBS initiated coverage of the solar company with a purchase ranking, sending shares up 1.5% in premarket buying and selling. The Wall Street agency believes Sunnova is effectively positioned to take market share because of rising demand for third-party-owned residential photo voltaic methods. Its $16 worth goal implies practically 53% upside from Friday’s shut. 

Clorox — The shopper merchandise firm rose 3.3% in premarket buying and selling after D.A. Davidson upgraded Clorox to purchase from impartial. The funding agency stated that Clorox’s inventory may rally as the corporate provides buyers extra readability concerning the fallout from an August cyberattack.

AMC Entertainment — Shares of the leisure firm moved up 2% earlier than the bell after it introduced that Renaissance: A Film by Beyoncé, could be distributed within the U.S. in December.

SolarEdge Technologies — The photo voltaic inventory dropped 2.7% after Barclays downgraded SolarEdge Technologies to equal weight from chubby, saying worth cuts are “inevitable” subsequent 12 months for the corporate.

Nvidia — Shares rose greater than 1% after Goldman Sachs added the chipmaker to its Americas conviction record for the month, saying this 12 months’s market chief will keep its place. The Wall Street agency has a purchase ranking on the inventory.

FedEx — The inventory rose 0.5% within the premarket. Susquehanna upgraded the transportation firm to constructive from impartial, saying the long-term alternative is bigger than the near-term threat.

Chubb — Shares fell 1.5% after JPMorgan downgraded Chubb Limited to impartial from chubby, saying neither the business strains market nor the inventory’s valuation is as compelling.

— CNBC’s Michelle Fox, Lisa Han and Jesse Pound contributed reporting