Fisker flying, EV stocks surging ahead of U.S. election

Kandi Technologies

02/11/2020 15:56

** Shares of electric car maker Fisker Inc  FSR.N  up 19.9%
at $12.16, a day after its public debut
    ** Stock on Fri accelerated 13.2% to close at $10.14, and
options activity jumped, after co completed reverse merger with
Apollo Global Management  APO.N -backed Spartan Energy
Acquisition Corp  urn:newsml:reuters.com:*:nL1N2HL1NA
    ** Trading volume of ~20 mln shares so far on Mon is triple
the 30-DMA, per Refinitiv data
    ** Fisker's move comes amid impressive monthly deliveries
posted by Chinese electric car makers
    ** Nio Inc's  NIO.N  stock surges to fresh record after co
on Mon said its Oct car deliveries doubled from yr ago as
Chinese automobile demand marks sustained recovery from lows hit
due to coronavirus-driven lockdowns  urn:newsml:reuters.com:*:nL4N2HO2N5
    ** Shares of Chinese EV firm Li Auto  LI.O  and rival Xpeng
Inc  XPEV.N  also rising on Mon after their respective Oct
delivery reports  urn:newsml:reuters.com:*:nL4N2HO2R2
    ** Other notable gainers in the session include Kandi
Technologies  KNDI.O , Workhorse Group  WKHS.O  and Lordstown
Motors  RIDE.O , all up 3%-8%
    ** This as Wall Street rebounds on U.S. election eve  .N 
    ** Meanwhile, with Biden bets and Trump hedges, investors
prepare for short-term trading turmoil and major long-term
policy shifts  urn:newsml:reuters.com:*:nL1N2HL36L

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com))