Stocks to Watch: Tesla, PG&E, Melinta Therapeutics - Wall Street Journal

Tesla CEO Elon Musk. The new year marks the beginning of a new era for the company, which lost a U.S. tax credit on Jan. 1. Photo: Jae C. Hong/Associated Press

By

James Willhite

James Willhite
The Wall Street Journal
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Jan. 2, 2020 5:11 am ET

Here are some of the companies with shares expected to trade actively in Thursday’s session. Stock movements noted by ticker reflect movements during regular trading hours.

Tesla: The company on Jan. 1 lost a U.S. tax credit that effectively lowered the price of its vehicles and helped build interest in fledgling electric cars.

PG&E : A California bankruptcy court sided with the electric utility in its fight with bondholders over the interest rate that it must pay on its debts while under bankruptcy court protection.

Melinta Therapeutics: The bankrupt biotechnology company won court approval to use its lenders’ cash to keep operating pending a possible sale of the business to health-care investment firm Deerfield Management.

Landec will provide its latest earnings report after markets close on Thursday.

This is a version of the “Stocks to Watch” section of our Markets newsletter. To receive it every morning via email, click here.

Write to James Willhite at james.willhite@wsj.com

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Stocks to Watch: Tesla, PG&E, Melinta Therapeutics - Wall Street Journal
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