If you are looking for stocks in the electric vehicle and related sectors then it might be a good idea to put the Braille Energy Systems Inc (BES.V) stock into your watch lists.
On Monday, the Braille Energy stock soared by as high as 20% after the company made a key announcement with regards to a new supply agreement. The agreement in question was signed with Unplugged Performance Inc by way of which Braille Energy is going to supply 12V Lithium Batteries.
The batteries are going to be supplied for a program meant for upgrading the performances of Tesla electric vehicles. It is also necessary to add that the supply agreement is exclusive in nature and has presented Braille Energy with a unique opportunity.
The reaction from investors yesterday is a clear indication that there is considerable optimism about the new agreement. It now remains to be seen if the Braille Energy stock can ride the momentum and record further gains today.