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Why Lion Electric Stock Leaped 7% Today

TheMotleyFool

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Shares of Canadian electric bus manufacturer Lion Electric (NYSE: LEV), which recently went public through a special purpose acquisition company, roared 7% higher through Tuesday's close.

After the close of trading on Monday, investment bank CIBC initiated coverage of Lion Electric with an outperformer rating and a $20 price target that implies the stock could nearly double over the next year.

Image source: Getty Images.

Source Fool.com

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