My Take: Sounds like IOVA's lifileucel therapy is a shoo-in for FDA approval. This stock has gotten killed lately, but this could be a set-up for a rally down the road.
1847 Holdings [EFSH] - Last Close: $1.08
An update to a credit agreement is boosting shares of 1847 Holdings.
Thursday evening, the retail conglomerate published a Form 8-K announcing the closing of a new revolving term loan facility.
The company and its ICU Eyewear's loan facility was acquired by AB Lending on Sept. 11th, and the new lender immediately boosted 1847's credit limit.
1847 Holdings has now secured a revolving loan of $15 million, three-times its previous loan limit of $5 million.
EFSH is up 9.3% in light of the news.
My Take: REFSH was up by more earlier in the premarket session, but it looks like this rally is losing steam.
Nikola [NKLA] - Last Close: $1.15
Nikola is riding a wave of positive sentiment after a big announcement.
Earlier today, the zero-emission truckmaker announced the expansion of its dealer sales and services network into Canada via a partnership with ITD Industries.
The partnership will expand the public's access to Nikola Class 8 truck sales and service coverage across Canada.
ITD will promote Nikola's zero-emission trucks through its national sales channels, and it will hold an industry event this Fall to discuss the new partnership.
NKLA is trading actively with a 14.7% gain.
My Take: NKLA might be back. After a rocky debut a couple of years ago, the negative sentiment surrounding the company seems to be dissipating. This could be a promising swing trade set up.
Novonix [NVX] - Last Close: $1.86
A recent business update is lifting shares of Novonix.
Late Thursday, the battery metals supplier said a synthetic graphite production campaign using Gen 3 furnaces at its Riverside, TN plant met all specifications.
The company said the graphite produced met all physical and electrochemical specifications, and it will continue with production to gather more data.
In light of the advancement, the company doubled the annual production target for its TN facility from 10,000 tons to 20,000 tons.
It also said it expects an ongoing refurbishment of the plant to conclude by Q1, 2024.
NVX is up 18.8% on the news.
My Take: NVX is pretty beaten down, but it looks like its business is on the right track. This stock could be a dark-horse play on the battery metals market, which could explode as EVs become more popular.
