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Why EV Maker Canoo's Shares Rose Today

Howard Smith, The Motley Fool
·2-min read
Why EV Maker Canoo's Shares Rose Today

Shares of start-up electric vehicle (EV) maker Canoo (NASDAQ: GOEV) spiked as much as 6.5% Thursday morning after news of a new vehicle order surfaced. Last month Canoo announced it was raising about $52.5 million by issuing new shares for institutional investors at what was then a discounted price of $1.05 per share. The new electric vans for Schindler Elevator Corporation will be customized for use by its service technicians in the U.S. Schindler said the vans will help it achieve its zero-emissions goal.

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