Xos Inc. (NASDAQ:XOS) shares are trending on Wednesday.
XOS shares rocketed 221.08% in after-hours trading on Tuesday to $7.16.
The rally reversed the intraday loss of 4.70% experienced by the XOS, closing the electric commercial vehicle manufacturer’s stock at $2.23, according to Benzinga Pro data.
Power Without The Wait
The surge followed Xos’s Tuesday announcement, which came after markets closed, launching its 2.5MWh Power Hub series factory-integrated, behind-the-meter energy storage systems designed to deliver megawatt-scale power without grid interconnection. The product targets one of U.S. industry’s sharpest bottlenecks.
