FREY - Why Investors Were Electrified by EV Battery and Charging Stocks Today
2024-02-12 19:34:57 ET
Electric vehicle (EV) stocks were stop-and-start on Monday, with some pulling ahead and others lagging behind. More consistent gains were found in the adjacent EV battery and charging segments, with top titles generally beating the market on the week's first trading day.
ChargePoint (NYSE: CHPT) did particularly well, rising by nearly 6%, while power pack developers QuantumScape (NYSE: QS) and Freyr Battery (NYSE: FREY) closed the day a respective 4.6% and 3.8% higher.
None of those three companies had any market-shaking news to report; the pops were due more to events elsewhere in the EV environment.
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Why Investors Were Electrified by EV Battery and Charging Stocks Today