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Is Lion Electric Stock a Buy After Its SPAC Merger?

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, Lion announced a merger with Northern Genesis Acquisition Corp. (NASDAQ: NGA). The company is currently valued at $1.9 billion and will trade on the NYSE. The Lion Electric stock ticker will show up on the NYSE as "LEV." . But is Lion Electric a buy? Tags: Stocks to Buy To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Is Lion Electric Stock a Buy After Its SPAC Merger? appeared first on Money Morning - We Make Investing Profitable .
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