ElectraMeccanica up as deliveries of flagship EV start

Electrameccanica Vehicles

06/10/2021 14:22

** U.S.-listed shares of Canadian EV maker  SOLO.O  rise
1.5% to $3.35 premarket 
    ** SOLO says co has begun first commercial deliveries of
flagship single-seat SOLO EV  urn:newsml:reuters.com:*:nGNX2PxRlZ
    ** Co plans to increase production to meet demand
requirements 
    ** SOLO says it is on track to complete new U.S. assembly
plant in summer 2022; plant to produce up to 20,000 vehicles per
year
    ** All 4 analysts covering SOLO rate it "buy" or higher;
their median PT is $9 - Refinitiv data
    ** Up to Tuesday's close, stock down ~46% YTD 

 (Reporting by Nathan Gomes in Bengaluru)
 ((Nathan.Gomes@thomsonreuters.com;))