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Why Romeo Power Stock Is Racing Higher Today

Scott Levine, The Motley Fool
·2-min read
Why Romeo Power Stock Is Racing Higher Today

Down 55% from the start of the year through yesterday's trading session, shares of Romeo Power (NYSE: RMO) have ridden a rocky road in 2021. Today, however, the stock is making a U-turn as investors celebrate the third-quarter earnings report that the developer of electrification solutions for commercial vehicles reported after the bell yesterday. As of 11:20 a.m. EST on Tuesday, shares of Romeo Power are up 16%, having given back some of the 25% rise that they experienced earlier this morning.

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