Why SES AI Stock Rocked the Market Today

A big-ticket acquisition, plus a reaffirmation of full-year revenue guidance, provided electric vehicle (EV) battery developer SES AI (NYSE: SES) with a pleasant share price lift on Monday. The company's stock zoomed more than 15% higher in value, making it quite the outlier on a trading day when the S&P 500 (SNPINDEX: ^GSPC) rose only marginally.SES AI announced before market open that it has signed a deal to fully acquire energy storage systems (ESS) provider UZ Energy for roughly $25.5 million. That price is subject to adjustments based on financial milestones that weren't disclosed. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool