Here's Why Electrameccanica Vehicles Was Up Big Today

Shares of Electrameccanica Vehicles (NASDAQ: SOLO) continued to climb higher in Monday's trading. The company's stock ended the daily session up 8.1%.

Electric vehicle (EV) stocks have been hot lately, spurred on by the recently passed infrastructure bill and an increasingly promising growth outlook for the overall industry. There doesn't appear to have been any business-specific news powering Electrameccanica higher today, but investors poured into the stock amid increasingly bullish sentiment for the overall EV space. 

Image source: Electrameccanica Vehicles.

Continue reading

Source Fool.com