Premarket Movers: Sunrun Surges on Democratic Sweep, First Solar Jumps on Clean-Energy Bets
US stock futures climbed before Wednesday's open after Democrats swept both chambers of Congress, with Dow futures up 1.6%, S&P 500 futures up 1.1% and Nasdaq 100 futures up 1.0%. Futures had initially dropped as much as 2.5% on the early results, and traders are now tracking the sector rotation the midterms set off, with renewable energy and health insurers rising while AI data-center operators, defense contractors, prison operators and Trump-linked names fall.
Election Sweep Lifts Solar and Sinks Trump-Linked Names
Premarket share price moves, %, Nov. 4, 2026
| Company (ticker) | Move (% up or down) | Catalyst |
|---|---|---|
| Sunrun | +10% | Renewables rally on the Democratic sweep |
| First Solar | +9.4% | Clean-energy policy hopes after the sweep |
| Enphase Energy | +7.6% | Solar rally on the Democratic sweep |
| Advanced Micro Devices | +7.3% | Q3 beat and 2027 growth forecast above consensus |
| Super Micro Computer | +7% | Fiscal Q1 earnings and revenue beat with raised outlook |
| Molina Healthcare | +6% | Health insurer gains on spending bets |
| Block | +5.9% | Q3 beat on gross profit and operating income |
| Centene | +4.5% | Insurer rally on the Democratic sweep |
| HCA Healthcare | +3.7% | Hospital operator gains on the policy outlook |
| Trump Media & Technology Group | -7.4% | Election-linked bets unwound after the sweep |
| GEO Group | -6.7% | Softer immigration enforcement outlook |
| CoreCivic | -5.2% | Softer immigration enforcement outlook |
| Northrop Grumman | -5% | Defense budget concerns under Democrats |
| SpaceX | -3.6% | Musk-linked slide after Texas defeats |
| Tesla | -3.5% | Musk-linked slide after Texas defeats |
| CoreWeave | -3.2% | Data-center moratorium fears in Texas |
| Uber | -2% | Profit forecast below estimates |
| Oracle | -1.2% | Data-center oversight worries |
Source: Investing.com, Reuters, CNBC, MarketWatch
The midterm sweep reshuffles the sectors
Trump Media & Technology Group fell 7.4% as investors unwound positions tied to President Donald Trump's political fortunes after Democrats took both chambers. The stock had gained about 6% in the prior session on pre-election optimism.
Shares of Elon Musk's SpaceX fell 3.6% and Tesla ($TSLA) lost 3.5% after Democrats flipped Texas, where Musk spent heavily backing Republicans. A potential SpaceX-Tesla merger could now draw extra scrutiny from Congress.
Sunrun jumped 10%, First Solar rose 9.4%, Enphase Energy added 7.6% and Canadian Solar climbed 7%, as investors bet Democratic control keeps federal support for clean energy in place.
Northrop Grumman fell 5%, while RTX, Lockheed Martin and L3Harris each lost more than 3%, on expectations a Democratic Congress pushes back on the defense budget request.
Molina advanced 6% and Centene rose 4.5%. Hospital operators HCA Healthcare and Universal Health Services gained 3.7% and 2.2%, on bets a Democratic Congress lifts government health spending.
GEO Group dropped 6.7% and CoreCivic slid 5.2% as a softer immigration enforcement outlook weighed on the detention-facility operators.
Data center names slipped after Democrat Gina Hinojosa won the Texas governorship on a call for an immediate moratorium in the state, which hosts 27% of planned US data center gigawatts. CoreWeave fell 3.2%, Applied Digital dropped 3%, Nebius lost 1.3% and Oracle slid 1.2%.
Earnings split the tech names
Advanced Micro Devices jumped 7.3% after third-quarter results beat Wall Street forecasts, with data center revenue nearly doubling. The chipmaker projected revenue growth of more than 80% in 2027, above the 77% LSEG consensus.
Super Micro Computer rose more than 7% after adjusted EPS of $1.81 beat the $1.23 consensus on revenue of $19.9B. Its outlook called for $19.5B to $21.5B of fiscal second-quarter revenue, above the $17.51B estimate, with a full-year midpoint of $77B, above the $70.27B consensus.
Block gained 5.9% after adjusted EPS of $1.13 topped the $0.96 consensus, with gross profit up 22% to $3.24B and adjusted operating income reaching $923M, close to double the year-earlier level.
Uber slid 2% after issuing an adjusted profit forecast that trailed analyst estimates, with driver shortages and rising fuel costs pressuring growth in markets from India and Brazil to Canada, while spending more on driver recruitment and retention.
Alphabet, Meta and Microsoft traded higher, while Amazon and Nvidia recovered from earlier declines as the market weighed the policy outlook.
