Why Switchback Energy Acquisition Shares Jumped 11% Today
Shares of Switchback Energy Acquisition (NYSE: SBE) popped by as much as 15% on Tuesday, and were still up by about 11% as of 1:44 p.m. EST. The special purpose acquisition company (SPAC) will be closing its merger with electric-vehicle charging network company ChargePoint in the next six weeks. But more general industry news from ChargePoint and a competitor may be moving the shares now.
On Monday, Blink Charging (NASDAQ: BLNK), which owns and operates its own network of electric-vehicle charging stations, introduced a new cable management system to help enhance its product offerings.
Source Fool.com