XOS Shares Surge 234% on 100M-Share Volume After Data Center Storage Launch
XOS•XOS surged 234.53% after unveiling a new energy storage system designed to power data centers independently of the grid; trading volume topped 100 million shares. The system expands the EV manufacturer's portfolio into stationary power solutions and could drive new revenue streams.
1. Record Stock Surge
On June 3, XOS stock jumped 234.53% to close at $7.46, with over 100 million shares traded—far above its average volume—reflecting intense investor interest.
2. New Energy Storage System
XOS introduced a grid-independent energy storage solution for data centers, leveraging its battery expertise to enter the stationary power market alongside its commercial EV offerings.
3. Strategic Outlook
The launch diversifies XOS’s business model, potentially creating recurring revenue streams in data center power management and strengthening its position against traditional energy providers and EV competitors.
