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Why Coherent and IPG Photonics Stocks Popped Today

TheMotleyFool

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Why Coherent and IPG Photonics Stocks Popped Today: https://g.foolcdn.com/editorial/images/736341/lasers-are.jpg

Electric vehicles (EVs) are all the rage with car buyers lately, but do you know what could make them even more popular?

Try adding lasers.

And in fact, two of the nation's biggest laser makers were seeing their stocks surge in Wednesday morning trading -- both for reasons related to the EV industry. As of 11:45 a.m. ET, shares of (NYSE: COHR) had gained 19.1%, while rival IPG Photonics (NASDAQ: IPGP) was up a solid 13.5%.

Source Fool.com