During the Pops and Drops segment of CNBC’s Fast Money, the team explained why T-Mobile US Inc (NYSE:TMUS), Sunedison Inc (NYSE:SUNE) and Clean Energy Fuels Corp (NASDAQ:CLNE) have been among the stocks with the most notable moves.
Pete Najarian started off by saying that T-Mobile US Inc (NYSE:TMUS) was influenced by Masayoshi Son, SoftBank Corp CEO, speaking at the Code Conference saying that his company would really like to buy another major carrier in the U.S. and Deutsche Telekom AG offering to buy T-Mobile US from them. Najarian noted that T-Mobile US Inc (NYSE:TMUS) is at a 52-week high, up 70%, and he thinks it will get taken up. In this way, SoftBank and Deutsche Telekom have agreed on the merger of Sprint and T-Mobile US
Melissa Lee then went on to Sunedison Inc (NYSE:SUNE), which has gained 5%. Tim Seymour explained that the increase might come on the back of Sunedison Inc (NYSE:SUNE)’s formal notification of the U.S. Securities and Exchange Commission that they are going to spin off their TerraForm Power Inc subsidiary. The company plans to raise up to $50 million in the IPO. Seymour added that he thinks this is a stock that people cannot chase into this news and said that he would be laying off.
Meanwhile, Lee pointed out that Clean Energy Fuels Corp (NASDAQ:CLNE) had an even sharper increase of 9%. Karen Finerman told the team that she has noticed Andrew Littlefair, Clean Energy Fuels Corp (NASDAQ:CLNE) president, chief executive officer & director, being excited about his company’s rise for a long time. She added that Morgan Stanley has put out a $14 price target for the stock.
Watch the full video below: