Why Switchback Energy Acquisition Stock Dropped Today

Why Switchback Energy Acquisition Stock Dropped Today

Shares of Switchback Energy Acquisition (NYSE: SBE), the special purpose acquisition vehicle that set its sights on taking electric car charging company ChargePoint public five months ago, has done so. ChargePoint is merged. After all, when Switchback first announced its target back in September, its stock was trading for just over $10 a share -- less than a third of what it costs today.