Why EV Charging Stock Volta Blasted Higher Today

Shares of electric vehicle (EV) charging company Volta (NASDAQ: VLTA) surged on Monday, gaining 16.5% as of 1:40 p.m. ET as investors cheered the company's entry into a big market.

On Monday, Volta announced plans to expand into Europe, starting with Germany, Austria, Switzerland, and France.

"We've been honing our expertise over the past decade in the U.S., helping to catalyze one of the most significant macroeconomic shifts of our lifetime. We're proud to see the company we've built extend into Europe and look forward to the many opportunities that lay ahead," said co-founder and President Chris Wendel.

Source Fool.com