Check out the companies making the biggest moves premarket: EchoStar — Shares rose nearly 4.5% after the Federal Communications Commission approved the company’s $40 billion sale of wireless spectrum to AT & T and SpaceX. The company is selling 50 megahertz of its spectrum to AT & T and 65 megahertz to SpaceX. Alibaba — U.S.-listed shares of the Chinese e-commerce giant fell 3% after the company posted an 84% plunge in Q1 profit. Alibaba also reported heavy investments in AI. Nextpower — The energy stock surged 14% after Nextpower raised its full-year revenue guidance to a range of $3.8 billion to $4.1 billion, while previously it had estimated a range of between $3.6 billion to $3.8 billion. The company also posted a fiscal fourth-quarter adjusted earnings and revenue beat versus analysts’ expectations, per FactSet. Birkenstock — The shoe designer and manufacturer fell more than 5.5% after it missed estimates on both earnings and revenue in its fiscal second-quarter financial report. War in the Middle East weighed on growth in the Europe, Middle East and Africa region, the company said. Karman — Shares fell nearly 8% after the aerospace and defense company posted fiscal first-quarter adjusted earnings of 11 cents per share, while analysts polled by Fac …
