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Energy-tech firm Romeo Power surges 55% after inking deal to provide battery packs to heavy-truck giant Paccar
Energy-tech firm Romeo Power surges 55% after inking deal to provide battery packs to heavy-truck giant Paccar ilee@insider.com (Isabelle Lee) © Business Wire Autonomous Peterbilt 579 Test Vehicle with Aurora Driver Business Wire Romeo Power surged 55% on Tuesday after the company announced inking a five-year deal with Paccar. Under the five-year deal, Romeo Power will provide battery packs to two Paccar vehicles. Shares of Romero Power climbed steadily to their highest in two weeks on Tuesday. Shares of Romeo Power surged to an intraday high of 55% on Tuesday after the energy-technology company announced inking a five-year deal to provide battery packs, modules, and battery management systems to the electric vehicles of Paccar, one of the world s largest manufacturers of medium- and heavy-duty trucks.
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