Farmer Brothers Company (Nasdaq: FARM) has entered into an agreement to sell its direct ship business and facility to TreeHouse Foods, Inc. for approximately $100 million - subject to customary purchase price adjustments -, allowing Farmer Brothers to enhance its balance sheet flexibility and focus on strategic growth in key sales channels.

Following this announcement, $FARM experienced a significant increase in pre-market, currently trading at $3.02, up $1.09 or 56.47%.

Plug Power Inc. (Nasdaq: PLUG) has announced a major collaboration with Energy Vault Holdings, Inc. to provide 8 MW of hydrogen fuel cell stationary power for delivering clean energy to Calistoga, located in California Wine Country, during emergencies like wildfires. 

This project marks the largest planned hydrogen-powered fuel cell installation in the United States. 

In pre-market, $PLUG was trading at $9.24, showing a modest increase of $0.20 or around 2.21%.

Campbell Soup Company (NYSE: CPB) reported adjusted earnings per share (EPS) of $0.68 for the third quarter of fiscal 2023, slightly surpassing the consensus estimate of $0.65. 

Looking ahead, Campbell Soup expects its adjusted EPS for the full fiscal year 2023 to be in the range of $2.95 to $3.00, while the consensus estimate stands at $3.01 for the period. 

$CPB was trading at $49.30 in pre-market, experiencing a decline of $1.29 or approximately 2.55%.

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