Why Proterra Stock Jumped 23.8% on Monday
Shares of electric mobility stock Proterra (NASDAQ: PTRA) jumped as much as 23.8% on Monday after Congress passed a $1.2 trillion infrastructure bill. Shares closed the day up 17.1%, and investors seem to be suddenly bullish on large infrastructure investment again.
The bill passed late on Friday includes $7.5 billion for electric vehicle charging along highway corridors and $5 billion directly for zero-emission buses. This could be a huge boost for Proterra, which is a leader in EV bus manufacturing.
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Source Fool.com
