Why 3 Very Different EV Stocks Are Up Big Today
The stocks of several companies in the electric-vehicle (EV) sector are surging today, but for different reasons. Shares of Nikola (NASDAQ: NKLA) jumped 19% earlier, and remain up 16% as of 12:30 p.m. EST. Shares in Chinese electric-car maker Kandi Technologies (NASDAQ: KNDI) are up 20%, while those of Canadian three-wheel urban-use EV manufacturer ElectraMeccanica Vehicles (NASDAQ: SOLO) are settling up 10% after a 14% jump earlier.
EV stocks have been on the rise recently, and some of today's move is a continuation of that wave of investor interest. But each of the above names has a different story to tell today, too.
ElectraMeccanica may be the least well known of the three companies. Its flagship product is a single-seat, three-wheeled EV called the SOLO, made for urban use, and frankly, fun. Shares have doubled since it reported earnings last week.
Source Fool.com
