Warner Bros. Discovery Rises, First Solar Soars, Navan Trades Higher

On this episode of Stock Movers:
- Warner Bros. Discovery (WBD) shares rose on news that Larry Ellison is throwing his personal fortune behind Paramount Skydance’s bid for it, aiming to give his son’s company an advantage in a fiercely contested takeover battle with Netflix. Both suitors moved on Monday to strengthen the financial backing for their offers, though they stopped short of increasing their bids. Netflix refinanced a portion of its planned $59 billion of debt as a way to ensure a lasting investment-grade rating — a key advantage it holds over the lower-rated Paramount. Warner Bros. shares gained 3.4% in New York afternoon trading, and changed hands during the session for as much as $28.98. Paramount rose as much as 8.1% while Netflix dropped about 1%.
- First Solar (FSLR) rose as much as 6.2%, touching the highest intraday since June 2024, after news Alphabet will buy clean-energy developer Intersect Power in one of the company’s biggest deals aimed at boosting its AI-related data-center footprint.
- Navan (NAVN) shares climb as much as 12% after the business travel and expense management software maker announced that it had been added to the broad-market Russell 3000 Index and the small-cap Russell 2000 Index, as of Monday’s opening bell.

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Episode Transcript

Speaker 1 (00:02):
Bloomberg Audio Studios, podcasts, radio News, The.

Speaker 2 (00:08):
Stock Movers Report, your roundup of companies making moves in
the stock market, harnessing the power of Bloomberg data that's.

Speaker 1 (00:16):
Drill into some of the individual movers. Very pleased to
say that we're going to be able to be doing
that across the board when we think about who's going
to be tracking what moves and when and by whom.
And we've got an Italian in the house, so we
can look across the board and what's happening with the
Italian Nijevich and your equity support of bloombag News tell
us what's dictating trade for you at.

Speaker 3 (00:35):
The moment, right, So let's start with the biggest, one
of the biggest move vers today, Warner Brothers. The ticker
is WBD. Shares are up by three point almost five
percent today. As we know, Larry Ellison, who is a
co founder of our oracle and the father of David Ellison.
So he agreed to provide a personal guarantee ir, irrevocable

(00:58):
personal guarantee of this forty zero point four billion dollars
in equity financing for this paramount's bid for Warner Brothers.
So basically he agreed not to revoke family trust while
the deal has been pending. And also we know that
Paramount offered to increase regulatory reverse termination fee to five
point eight billion dollars from five billion dollars, matching Netflix offer.

(01:23):
And for now, the next stage is basically to wait
and see how shareholders react. And if I'm not mistaken,
we do have time until January twenty first, so we'll
see how this plays out.

Speaker 1 (01:34):
Yeah, they push back that date for shareholders to react.
You're also looking in the energy space. What's kind of
a fast soil.

Speaker 3 (01:40):
Yeah, so First Solar, the ticker is FSLR. Shares are
up by six point five percent, one of the biggest
and highest intra day moves since June twenty twenty four.
This is after Alphabet agreed to buy clean energy developer
Intersect Power. So this is one of Alpha's biggest deals.

(02:00):
Of course, it will help the company to get more
access to electricity. The reason why First Solar is up
today because Intersect is one of its biggest clients and
First Solar sells solar panels to Intersect and they have
a contract from twenty twenty five to twenty twenty nine
so it is a big beneficiary of this big deal

(02:21):
and trade right.

Speaker 1 (02:22):
Now, I'm a feeling that's going to be a trend
energy for the AI space and certainly want to watch
what about Nevan? What are you looking at that?

Speaker 3 (02:29):
Yeah, so this is one of the post IPO stories.
So we saw that Nevan, the Tickeries and AVN shares
are up by five percent today. The company was added
to our broad market Russell three thousand index and small
cup cap Russell two thousand index today, so we see that, Yes,
the stock is up today significantly, but it's still done

(02:52):
by more than thirty percent since it's IPO, which happened
in late October. What is interesting is that when we
got analysts t Nishi, people are very bullish on this stock.
The price target is at around twenty five dollars. Now
it's trading in fifteen, so again Wall Street is polish,
but the company is still unprofitable, so there is still

(03:13):
a lot of kind of uncertainty around fundamentals.

Speaker 1 (03:16):
It's interesting. I think there's gonna be quite a lot
of IPOs coming up in twenty twenty six and everyone's
going to be helding on with bated breath. You got
the one point five trillion potential coming from SpaceX for
people wondering whether or not Opening I will be cashing
in on the public markets coming to his IPO is
going to be remained something the topic du jure as
we see them perform into the next year.

Speaker 3 (03:35):
Absolutely, and we are really excited that it's not just
big tech IPOs or aiplay. We see that some analysts
are interested in let's say industrials, consumer space companies, so
it's not going to be just pure AI driven stories.
But yes, twenty twenty six, but we said that about
twenty twenty five. Twenty twenty five will be a year

(03:57):
of IPO, So unless we have market uncertainty or big
b atory, is going to be a really exciting year.

Speaker 2 (04:03):
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