Why Electric Vehicle Stocks Jumped Today
Shares of electric vehicle (EV) stocks jumped on Wednesday but not all of the gains stuck. The biggest reason investors are bidding up shares is positive earnings reports, but it's not all good news.
Shares of Rivian (NASDAQ: RIVN) had a wild day, climbing 7.7% at one point only to drop 6.3% later in trading. Shares closed the day down 2.5%. EVgo (NASDAQ: EVGO) was up as much as 26.5% and closed up 16.5%. Solid Power (NASDAQ: SLDP) was up as much as 19.3% only to close up 8.3%.
All three companies reported earnings that at least initially impressed investors.
Source Fool.com
