Here's Why Amyris Is Soaring Today
Shares of Amyris (NASDAQ: AMRS) soared as much as 20.9% today after an article on Seeking Alpha suggested the synthetic biology company could be the next Tesla. The bullish take -- the author's first article published on the platform -- pushed shares over the $4 mark for the first time since late 2019.
On the one hand, what investor wouldn't want to own the next Tesla? Shares of the electric vehicle manufacturer and energy pioneer have jumped 3,570% since the initial public offering (IPO). On the other hand, there are many reasons suggesting Amyris is most definitely not the next Tesla.
As of 11:53 a.m. EDT, the small-cap stock had settled to a 13.1% gain.
Source Fool.com