Why Switchback Energy Acquisition's Stock Is Sharply Higher Today

Why Switchback Energy Acquisition's Stock Is Sharply Higher Today

Shares of blank-check company Switchback Energy Acquisition (NYSE: SBE) were moving higher on Monday. The special-purpose acquisition company (SPAC) said last week that it has agreed to merge with electric-vehicle charging pioneer ChargePoint. As of 11:15 a.m. EDT, Switchback's shares were up about 17.9% from Friday's closing price.