|Bid||33.15 x 800|
|Ask||33.15 x 800|
|Day's Range||30.41 - 34.00|
|52 Week Range||9.38 - 42.30|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Shares of Switchback Energy Acquisition (NYSE: SBE), CIIG Merger (NASDAQ: CIIC), and Electrameccanica Vehicles (NASDAQ: SOLO) all dropped more than 15% today before mounting a recovery. As of 11:25 a.m. EST, Switchback shares are down 9%, CIIG shares are only 2% lower, and Electrameccanica shares have swung to a gain of 4%. CIIG is a special purpose acquisition company (SPAC) merging with Arrival, a U.K.-based maker of electric vans and buses, which has yet to begin manufacturing its products.
Fast advances can attract 'hot money' and this can give early buyers a chance to sell into strength without getting noticed.
Renewable energy stocks haven't quite hit the mainstream for investors the way oil and gas stocks have, despite being one of the few growth industries in energy today. Travis Hoium (Hannon Armstrong): There aren't many companies that have the flexibility to invest in almost any form of renewable energy.