SEV - Sono Motors doubles in IPO open as the next bright light in the electric vehicle sector

Sono Motors (NASDAQ:SEV) opened for trading at $20.06 after the IPO was priced last night at $15. Shares have already rocketed to as high as $31.94. The company had over 16K reservations on its books as of November 5 for future deliveries of the solar-powered Sion. That order book represents about $43.9M in deposits. Sono Motors (SEV) describes itself as being on a pioneering mission to accelerate the revolution of mobility by making every vehicle solar. SEV was on Seeking Alpha's Catalyst Watch this week with some fireworks anticipated due to it going public right as EV interest shoots sky high. Read a deep dive on the Sono Motors IPO.

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Sono Motors doubles in IPO open as the next bright light in the electric vehicle sector