PEV - Why Phoenix Motor Shares Are Surging Premarket Monday | Benzinga
Phoenix Motor Inc. (NASDAQ:PEV) shares are trading higher after the company reported solid revenue guidance for first-quarter FY24.
The company expects revenue of $8 million-$9 million, representing a significant increase from the $1.8 million recorded in the first quarter of 2023.
The considerable revenue increase is due to several strategic initiatives undertaken over the past year. This includes acquiring Proterra’s ...