Should you Buy the Dip in Volta?

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Since its stock market debut, the company has been partnering with several companies. It recently partnered with Six Flags (NYSE:SIX) Entertainment Corporation, the world’s largest regional theme park company and the largest operator of waterparks in North America, to make EV charging accessible to its guests at their parks across the United States. Also, the company installed new charging stations in cities like Fairfax, Virginia, and Lawrenceville, Georgia, aligned with its market penetration strategy.

Moreover, the company announced the issuance of two utility patents to Volta Charging by the U.S. Patent and Trademark Office on September 29. “These new patents add to a portfolio that reflects the foundational elements of our product design and our rich user experience, further positioning us as a premium partner within the EV charging space,” said Scott Mercer, Founder, and CEO of Volta. The stock has gained 4.4% over the past month.

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