Stocks making the biggest moves pre-market: FSR, TSLA UNFI

Check out the companies making headlines before the bell rings.

fisker — Shares of the auto development company surged 4.1% in premarket trading after Bank of America reinstated coverage with a buy rating. BofA said Fisker offers investors “pure exposure to the fast-growing EV market” and has a lower-risk business model compared to its EV peers. Fisker also said it plans to increase deliveries of Ocean vehicles to 300 per day.

tesla — Tesla shares fell 1% before market open on news that the European Union will investigate the EV maker over exports to China.

barclays — Barclays shares rose 2% after Morgan Stanley upgraded the British bank to overweight from equal weight, citing growth in its credit card business and improving investment banking prospects.

DraftKings — The sports betting stock jumped 3% before the bell after JPMorgan upgraded DraftKings from neutral to overweight, saying its recent underperformance makes it an attractive entry point for investors.

thor industries — Shares of the recreational vehicle company fell 3% in premarket trading after the company warned that it expects net sales to decline next year. For the quarter just ended, Thor posted earnings per share of $1.68 on revenue of $2.74 billion. Analysts polled by LSEG, formerly known as Refinitiv, had expected earnings of 96 cents per share on revenue of $2.42 billion. Thor has performed better so far this year in the report, up 26% year to date through Monday.

United Natural Foods — Shares were down 17% before the opening bell. United Natural Foods forecast next year’s earnings per share and adjusted EBITDA below analyst estimates, citing profitability headwinds and fiscal fourth-quarter revenue that was below analysts’ estimates of $7.47 billion, according to StreetAccount.

— CNBC’s Jesse Pound and Pia Singh contributed reporting.