Why Volta Charged 20% Higher Today

Shares of EV charging company Volta (NYSE: VLTA) spiked today after the company reported its first-quarter results. The stock soared more than 20% at its morning peak and was still trading 18.4% higher at 11:02 a.m. ET.

Volta reported that first-quarter revenue jumped 77% versus the year-ago period. Volta partners with retailers to offer advertising on its charging stalls with large digital display monitors. The media revenue brought in from that business model differentiates it from other charging station networks. Media revenue grew 73% year over year.

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Source Fool.com