Shares of Lightning eMotors up 89% after signing $850M deal with Berkshire Hathaway-backed Forest River but Stock Retreats just as Fast
Lightning eMotors, a leading supplier of specialty commercial electric vehicles for fleets, signed an $850 million strategic partnership deal with Forest River, a Berkshire Hathaway company and North America’s largest shuttle bus manufacturer. With this deal, Lightning eMotors plans to deploy up to 7,500 zero-emission shuttle buses in the UK and Canada by 2025. [more]