Why Lightning eMotors Stock Skyrocketed Today
Shares of Lightning eMotors (NYSE: ZEV) soared on Tuesday after the provider of specialty commercial electric vehicles announced a partnership with Berkshire Hathaway's Forest River. As of 2:40 p.m. EDT, Lightning eMotors' stock price was up a stunning 77%.
The two companies will work together to deploy up to 7,500 zero-emission shuttle buses. Lightning eMotors will build fully electric powertrains and provide charging products and services to Forest River for the next four and a half years. The agreement could be worth as much as $850 million to Lightning eMotors.
Image source: Getty Images.
Source Fool.com
