DCFC Stock Breaks Out: 8 Million Volume Brings 30% Growth, Here is Why

As stocks show mixed moves Tritium DCFC comes out in the headlines for its new plant opened in Tennessee. The electric vehicle (EV) market is in deepest need of chargers that are demanded in developed countries which always implement green energy-backed transportation. According to the latest announcement, the company plans to install six manufacturing lines, hire more than 500 people in the next five years, 10 thousand DC chargers annually.

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This kind of mind-boggling plan surely attracts attention from the large public that is oriented on buying the current stock. The previously closed price was $6.84 when the average volume was 766 thousand. Right now DCFC is trading over $8.50