Stocks making the biggest moves premarket: Atlassian Corporation, Wendy's, Vista Corp, First Solar, Airbnb & more

U.S. solar stocks experienced a significant surge in premarket trading on Friday, following President Donald Trump's decision to extend tariffs on China-made polysilicon products used in solar panel manufacturing. The tariffs, which include a 15% duty on these products and the introduction of minimum prices for related imports, were announced by the president on Thursday.

The move aimed to safeguard the U.S. domestic solar supply chains from the competitive edge held by Chinese manufacturers. The announcements led to a positive reaction in solar-related shares, with First Solar's stock jumping by more than 7% before the market opened. Solaredge Technologies also saw a rise of 1%, while the Invesco Solar ETF increased by 4%.

The tariffs were imposed under Section 232 of the U.S. Trade Expansion Act of 1962, as advised by Commerce Secretary Howard Lutnick. This decision comes as the U.S. endeavors to fortify its domestic chip and solar supply chains, and to counter China's advancements in artificial intelligence and energy sectors. In his executive order, Trump emphasized the need to protect American producers and revitalize the U.S. polysilicon sector, which had long been undermined by foreign competition.