Why Lightning eMotors Stock Is Down Today
Shares of Lightning eMotors (NYSE: ZEV) were trading lower on Wednesday, a day after the company's stock price surged on news of a deal with a shuttle-bus maker owned by Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B).
As of 10:45 a.m. EDT, Lightning eMotors' shares were down about 8.5% from Tuesday's closing price -- but still up almost 70% since the end of last week.
Lightning eMotors' stock closed up a whopping 81% on Tuesday on some big news: The company, which makes electric drivetrains for commercial vehicles like pickups and vans, signed a deal to provide powertrains for up to 7,500 shuttle buses to be built by Berkshire-owned Forest River.
Source Fool.com
