Kandi Technologies (KNDI) on Watch on Negative Article

Recent EV momentum mover Kandi Technologies (NASDAQ: KNDI) is on watch following a negative article by Richard Pearson at SeekingAlpha. Pearson highlights that shares have been having trouble holdings gains given an ATM offering, which he said coincides with an upcoming $25 million in debt due next week. He also said the company is no Tesla and calls the recent series of press releases 'promotional' in an effort to boost the stock price.

Shares are KNDI down 1.6% early.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Tesla Nears Unveiling of Radical New ‘Flying’ Roadster - The Information
• Reddit (RDDT) added to S&P 500
• Planet Green halted again, now up 793%