By Geoffrey Smith
Investing.com — Stocks in focus in premarket trade on Monday, 13th January. Please refresh for updates.
9 AM ET: Renewable energy generator TerraForm Power (NASDAQ:) stock was up 9.9% after the company said it had received an unsolicited offer from Brookfield Renewable Partners (NYSE:) for the 38% of the company that Brookfield doesn’t already own.
Under the terms of the offer, shareholders would ultimately receive 0.36 Class A shares in Brookfield Renewable for each share they hold. That would be worth $17.29 at Friday’s close for Brookfield Renewable.
- 8:42 AM: Alphabet (NASDAQ:) was up 0.7%, just under half of the gain it needs to crack a market capitalization of $1 trillion for the first time.
- There’s no market-relevant news flow out of the company this morning, but shares have been on the rise since the news that Google CEO Sundar Pichai would take over as CEO of the holding company too, following the departures of co-founders Larry Page and Sergey Brin. Its market cap at the close Friday stood at $985 billion.
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