XCHG Soars on Nasdaq Debut: EV Charging Company Rides the Green Wave

XCHG, an electric vehicle charging company, has seen its stock price nearly triple in its first week of trading on Nasdaq, following a successful IPO that raised $20.7 million. The company’s strong revenue growth and foray into energy storage solutions are driving investor interest, but concerns remain regarding its reliance on a single customer and slowing sales in the second quarter.

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