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Why SES AI Stock Climbed Today

TheMotleyFool

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Why SES AI Stock Climbed Today: https://g.foolcdn.com/editorial/images/836996/person-looking-pleased-while-gazing-at-a-smartphone.jpg

Next-generation electric vehicle (EV) battery developer SES AI (NYSE: SES) unveiled a new product on Tuesday, and it wasn't a battery. Still, investors liked what they saw of the new good and rewarded the company by pushing its share price up by more than 12% as a result. That increase contrasted positively with the performance of the S 500 index, which was down by 0.4% on the day.

Appropriately enough, SES AI took the wraps off that new offering at industry gathering The Battery Show. Specifically, this is the company's Molecular Universe 1.0 (MU-1), the latest version of its battery material discovery software and service platform.

Image source: Getty Images.

Source Fool.com