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Why Switchback Energy Shares Gained 10% Today

TheMotleyFool

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Why Switchback Energy Shares Gained 10% Today

Shares of special purpose acquisition company (SPAC) Switchback Energy Acquisition (NYSE: SBE) were moving higher today, trading up more than 10% as of 3:30 p.m. EST.

The stock has almost tripled since it announced it was combining with leading electric-vehicle (EV) charging station company ChargePoint on Sept. 24.