Better EV Stock: Canoo vs. Gogoro
Canoo (NASDAQ: GOEV) and Gogoro (NASDAQ: GGR) are both electric vehicle makers that went public by merging with special purpose acquisition companies (SPACs) over the past two years.
Canoo, an Arkansas-based developer of electric-powered delivery vans, merged with Hennessy Capital Acquisition Corp. IV in December 2020. The combined company's stock started trading at $8.52 after the merger but now trades at $4 a share. Gogoro, which is based in Taiwan, is an electric scooter manufacturer and battery network operator. The company merged with Poema Global this April, and its stock started trading at $15.99 on the first day. But today, it's only worth $6 a share.
Image source: Gogoro.
Source Fool.com
