Why Ideanomics Stock Popped Today
Shares of Ideanomics (NASDAQ: IDEX) soared today after the company announced that one of its subsidiaries, WAVE, anticipates it'll have a reduction in electric vehicle (EV) charging costs, thanks to "recent manufacturing and engineering investments."
The tech stock was up by 15% for the day.
WAVE is developing wireless charging solutions for medium- and heavy-duty vehicles. Some of its technology includes a hands-free charging system that is "embedded in roadways and charges vehicles during scheduled stops."
Source Fool.com
