Why Electrovaya Stock Is Soaring This Week
This battery stock is charging through the middle of the month thanks to a new commercial agreement.
Overview
When smaller companies expand relationships with industry titans, investors usually sit up and take notice. That's exactly what's playing out this week with small-cap stock Electrovaya (NASDAQ: ELVA) after the battery company announced a landmark deal with Amazon (NASDAQ: AMZN).
According to data provided by S&P Global Market Intelligence, shares of Electrovaya are up 36.4% from the end of last Friday's trading session through yesterday's close.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.