Tritium opens its first U.S. EV fast charger making facility; shares up

ACN 650 026 314

23/08/2022 17:11

** Shares of EV fast charger maker Tritium Dcfc Ltd  DCFC.O 
up 12.9% at $7.25, snapping a five-day losing streak
    ** Co opens its first U.S.-based EV fast charger
manufacturing facility in Lebanon, Tennessee
    ** The new facility, announced in February, will employ more
than 500 people over the next five years to help build EV
charging infrastructure  urn:newsml:reuters.com:*:nGNXgmjDv
    ** The Tennessee facility will initially produce the co's
RTM fast charger and is expected to start production on the
PKM150 chargers early next year
    ** All eight brokerages covering the stock rate it as "buy";
their median PT is $14
    ** Stock is flat YTD, compared with a ~19% decline in the
NASDAQ Industrial Index  .IXID 

 (Reporting by Shashwat Chauhan in Bengaluru)
 ((Shashwat.Chauhan@thomsonreuters.com))