Premarket movers: Mag 7 stocks are all higher (Alphabet +0.95%, Nvidia +1.3%, Apple +0.4%, Tesla +1.3%, Amazon +1.2%, Microsoft +0.8%, Meta +0.92%) Ciena (CIEN) rises 3% as Wall Street firms are positive on the communications equipment company after management provided growth targets at an analyst meeting. Fluence Energy (FLNC) tumbles 21% after the energy storage company cut its revenue forecast for the year. Analysts note that the trim to the guidance was attributable to production issues at its Houston facility. Generac (GNRC) rallies 29% after it agreed to supply up to $8 billion worth of generators for Amazon’s data centers and issued a warrant for a stake in the company. Lennar (LEN) drops 1.6% after the homebuilder reported earnings per share for the third quarter that missed the average analyst estimate. Pegasystems (PEGA) slips 3% after JPMorgan downgraded the software company to neutral, seeing a weaker growth outlook after meeting with the management team. Qiagen (QGEN) rises 3% as TPG and Bain Capital are among potential bidders for molecular testing company, Manager Magazin reports, without saying how it got the information. Vicor (VICR) jumps 12% after the power component and systems firm said it has granted a non-exclusive Vertical Power Delivery license to a new original equipment manufacturer.