SBE - Why Switchback Energy Acquisition Jumped 154% in November
Shares of Switchback Energy Acquisition (NYSE: SBE) jumped an incredible 154% in November, according to data provided by S&P Global Market Intelligence , and haven't stopped there. In the first week of December, shares are up another 8.2%.
Switchback -- a publicly traded special purpose acquisition company (SPAC) with a strategic focus on the energy sector -- continues to move toward its merger with ChargePoint, a privately held leader in electric vehicle charging stations. The deal is expected to close by the end of the year, bringing this new opportunity to invest in EV infrastructure to market.
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Why Switchback Energy Acquisition Jumped 154% in November