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home / news releases / IPOS - EV maker Phoenix Motor stock rallies for second day up 35%

IPOS - EV maker Phoenix Motor stock rallies for second day up 35%

Renaissance Capital Greenwich Fund
EV maker Phoenix Motor (NASDAQ:PEV) stock shot up 35% in pre-market trading on Thursday after closing 71% higher on Wednesday. Shares of the electric vehicle, charger and powertrain maker recently changed hands at $7.80, up 35%, at approximately 9:00 a.m. ET. The stock closed at $5.83 on Wednesday, up 71% from the previous session. The company went public on June 8 following a downsized $16M initial public offering, pricing 2.1M shares at $7.50 per share. Phoenix (PEV) is a spinout of SPI Energy (SPI). For more IPO News, check out SA’s IPO News page.

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EV maker Phoenix Motor stock rallies for second day, up 35%
Stock Information
Company Name: Renaissance Capital Greenwich Fund
Stock Symbol: IPOS
Market: NYSE
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