Tesla To Connect Megabattery To Texas Power Grid

Tesla is getting into the Texas power market and revealed its megabattery facility. Once completed, it will connect to the Texas power grid. Gambit Energy Storage LLC is quietly building a 100 megawatt-plus energy storage project in Angleton, Texas. The megabattery can power around 20,000 homes during hot days.

News For The Day: After Senate Vote, COVID-19 Bill Returns to House

5 Stocks to Watch Out For Monday, March 8

Adaptive Biotechnologies Corp ▲(ADPT After hours 49.90 USD +7.67 (18.16%)) shares rose after hours Friday. The biotech company announced that the U.S. Food and Drug Administration issued an Emergency Use Authorization (EUA) for its T-Detect™ COVID to confirm recent or prior COVID-19 infection. This COVID-19 screener is Adaptive’s collaboration with Microsoft for its TCR-Antigen Map. 

Nov Inc ▲(NOV 17.29 USD +1.87 (12.13%)) shares jumped 12.13% during a very favorable Friday trading session. The oil equipment manufacturer reported a third straight day of gains as the energy sector led the charge upward. Nov outclassed some of its peers such as Schlumberger, Baker Hughes, and Drill-Quip. 

APA Corp ▲(APA 23.25 USD +2.27 (10.82%)), also previously known as Apache Corp, saw its shares zoom up during Friday’s favorable run for the energy sector. APA Corp, which is the parent company of Apache, is the new name displayed on the market tickers. It traded relatively higher than its competitors, including Chevron, ConocoPhillips, and EOG Resources. 

Novavax, Inc. ▲(NVAX 174.84 USD +16.74 (10.59%)) shares rose Friday and then some more after hours. While the biotech firm’s stock is falling over the last few days, there are hopes of a turnaround soon as evidenced by investor activity. Novavax agreed to sell 1.1 million doses of its coronavirus vaccine to COVAX, a coalition of organizations helping to spread vaccines where needed. Details on the financial side are yet to be publicized though, so any implications are relatively open to speculation. 

Uber Technologies Inc ▲(UBER  55.54 USD +2.47 (4.65%)) stock rose last Friday as the ride-sharing company maintains its optimism that it will be profitable by the end of this year on an adjusted EBITDA basis. In addition, the company spun off bits Postmates’ delivery robot operation into a separate startup, indicating its decision to focus on becoming profitable. 

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