Tesla, Rivian, Novavax, AMC and other stockbrokers

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Stock futures suggested Wall Street would open higher on Wednesday after data showed China’s economy rebounded in February after tight Covid-19 restrictions were lifted.

These stocks were poised to make moves on Wednesday:

Tesla

TSLA’s 2023 investor event takes place after the closing bell on Wednesday and gives investors the opportunity to hear from CEO Elon Musk about the electric vehicle company’s strategy and future. Tesla is expected to offer an update to its next-generation vehicle, potentially a more affordable car.

Tesla shares are up 1.2% in premarket trading.

Rivian

(RIVN) shares fell 7.9% after fourth-quarter sales missed analyst estimates and the electric vehicle start-up’s production forecasts fell.

Novavax

(NVAX) fell 25.4% after the vaccine maker said there were “significant doubts” about its ability to continue operations later in the year. In its earnings report, released after the market close on Tuesday, the company said it expects to have enough cash to fund operations by 2023, but that expectation is subject to “significant uncertainties” related to earnings for the company, among other things the year suspended.

AMC entertainment

(AMC) reported a fourth-quarter loss that came in smaller than analysts had expected. But the stock fell 7.6% in premarket trading after the cinema chain released its price 14th consecutive quarterly loss.

first sun

(FSLR) rose 4.5% after the solar company released full-year earnings and revenue guidance that beat analysts’ expectations.

HP Inc.

(HPQ) released mixed results for the fiscal first quarter as the PC and printer company continues to grapple with weak demand for PCs. However, shares are up 3.1% in premarket trading.

lowes

(TGT),

NEVER

(NOK),

money tree

(DLTR),

cabbage

(KSS) and

Wendy’s

(WEN) are set to report quarterly earnings before the stock market opens on Wednesday.

Write to Joe Woelfel at joseph.woelfel@barrons.com