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Stock impact report

Why Nikola, Solid Power, and Blink Charging Skyrocketed This Week [Yahoo! Finance]

Solid Power, Inc. - Class A (SLDP) 
Company Research Source: Yahoo! Finance
But the bounce may not last if there aren't fundamental improvements in the financial performance of these stocks. According to data provided by S&P Global Market Intelligence Nikola (NASDAQ: NKLA) was up as much as 63.6% this week, Solid Power (NASDAQ: SLDP) popped 34.6%, and Blink Charging (NASDAQ: BLNK) was up 31.4% at its peak. Shares maintained most of those gains in the short week of trading and closed up 57.6%, 30.1%, and 25.9% respectively. Yellen's impact on EV stocks On Wednesday, Janet Yellen warned that China could dump renewable energy products like solar panels and electric vehicles on the U.S., reducing prices and potentially taking market share from U.S. manufacturers. While nothing was announced, her stance could mean that protections could be put in place to increase tariffs on those imports, helping U.S. manufacturers. The EV market, in particular, is becoming extremely competitive. Chinese companies like BYD and Xiaomi are introducing compelling low-cost ve Show less Read more
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