Why Tritium DCFC Limited Stock Rocketed on Tuesday

Shares of tiny, relatively unknown Australian electrical equipment stock Tritium DCFC Limited (NASDAQ: DCFC) lit up the Nasdaq on Tuesday morning, soaring 37% as of 11:55 a.m. ET.

This may have come as a surprise to investors who've never heard of the stock before. But it's not really surprising given the announcement that Tritium just made.  

Image source: Getty Images.

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Source Fool.com