Why Shares of GreenPower Motor, CIIG Merger, and Blink Charging Are Down Today

Howard Smith, The Motley Fool
·3-min read
Why Shares of GreenPower Motor, CIIG Merger, and Blink Charging Are Down Today

The stocks of three niche electric-vehicle (EV) companies are dropping sharply today. As of 10:35 a.m. EST, shares of GreenPower Motors (NASDAQ: GP) are down 14%. Shares of CIIG Merger (NASDAQ: CIIC), a special-purpose acquisition company (SPAC) that is merging with U.K.-based van and bus EV company Arrival, are down 10%, while those of Blink Charging (NASDAQ: BLNK) are down 11%.