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

• NTSB considering probing Tesla Texas crash - Homendy
• UBS Reiterates Neutral Rating on Tesla (TSLA) Ahead of Q2 Delivery Numbers
• Sweden urges EU to reject Tesla's self-driving feature over speed limits - Reuters