Is Lion Electric stock trending?

Lion Electric ( LEV) is trending after announcing it has delivered its first zero-emissions school buses. These buses are funded by the U.S. Environmental Protection Agency (EPA). LEV stock moved 5% higher this morning due to the news release. Today’s traders are roaring about Lion Electric (NYSE: LEV) stock, and for a good reason.

Why did Lion Electric stock surge 6.0% in premarket trading?

Shares of Lion Electric Co. LEV, surged 6.0% in premarket trading Monday, after the Canada-based maker of zero-emission commercial trucks and buses announced an order for 260 all-electric buses from student transportation provider First Student.

Will Lion Electric stock go SPAC?

Lion Electric stock was initially supposed to trade on exchanges after an IPO. Instead, the company has decided to go the SPAC route. That means the stock will have some help getting to the public markets, and it will do so more quickly. On Nov. 30, 2020, Lion announced a merger with Northern Genesis Acquisition Corp. (NASDAQ: NGA ).

Will Lion Electric dominate the niche field of electrified school buses?

Along with the LionC bus delivery in Illinois, Lion Electric has also provided buses in Kansas and Northern California. Just maybe, Lion Electric will dominate the niche field of electrified school buses in certain regions of North America. If so, LEV stock could propel higher — and enterprising investors might want to get on the bus now.