Why SES AI Stock Leaped Nearly 22% Higher on Thursday

At a stroke, the company has effectively broadened its product range.Next-generation battery developer SES AI's (SES 21.15%) shares were positively electric on Thursday. On news that the company had completed an important overseas acquisition, its share price climbed almost 22%. That was much greater than the 0.5% increase in the S&P 500 index. Jolting the market with an updateBefore market open that morning, SES AI had announced that its deal to purchase China's UZ Energy had been completed. The two compan ...