EV maker Sono Group stock soared 29% in premarket trading

Tiger Newspress2021-11-18

EV maker Sono Group stock soared 29% in premarket trading.The stock rocketed nearly 155% yesterday.

Four companies kicked off life as public entities Wednesday with Sono Group posting the strongest first day. Shares of the German solar-powered electric-vehicle developer rocketed nearly 155% from the $15 offer price.

Sono Group, parent of Sono Motors, was the first to open Wednesday. Shares kicked off at $20.06 and closed at $38.20, up $23.20 from the offer price.

Sonos is benefiting from the debut of Rivian Automotive (RIVN) last week. The electric truck maker delivered the biggest IPO since 2014 when it raised $11.9 billion. Shares of Rivian gained more than 29% from its $78 IPO price on Nov. 10. The stock has since nearly doubled, trading Wednesday at $144.35.

Sono has developed the Sion, a solar-powered electric car that can recharge itself using panels installed on its exterior. Sono said it had received more than 16,000 reservations on the car as of Nov. 5. The Munich, Germany, company sold 10 million shares at $15 each, the mid-point of its $14 to $16 price range, raising $150 million.

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精彩评论

  • tkj
    2021-11-19
    tkj
    The key word nowadays is renewable and clean energy. The market does not care whether the company is good or not as long as they have these sexy words. Solar energy conversion rate to electric currently is very low. With the low efficiency, I wonder what is the vehicle range. 
    • AlanBright
      Sustainable is the key. it is not about the efficiency. our planet is running out of energy, so using renweable and clean energy is the only path to survive,😇
  • Indu
    2021-11-19
    Indu
    Gain back soon
  • YvonneQ
    2021-11-19
    YvonneQ
    What’s happening today?
  • klista
    2021-11-18
    klista
    🚀🌞
  • kohhc
    2021-11-18
    kohhc
    Take and run. 
  • MHh
    2021-11-18
    MHh
    Seems like all EV stocks will fly off first? This seems like an interesting version of EV? Solar powered..The EV sector seems to be getting increasingly competitive with many of the stock prices soaring though the companies have yet to sell their first EV or are still making losses
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