By Connor Hart
Shares of Xos climbed after the company said its Xos Hub has been added to the General Services Administration's schedule.
The stock gained 39%, to $4.34, in after-hours trading Wednesday. Shares ended the regular session 1.3% lower, at $3.13, putting them down 61% in the past year.
The electric-mobility company said the addition will make it easier for federal agencies and authorized customers to procure the Xos Hub, a trailer-mounted EV charging unit.
The unit is also now available for purchase on GSA's Advantage, an online shopping and ordering platform for government buyers that streamlines purchasing, the company said.
"The Xos Hub is the only solution of its kind, enabling fleets to bypass charging infrastructure deployment delays," Chief Executive Dakota Semler said. "With onboard energy storage and integrated EV chargers, it can be delivered and fully operational in a single day, without the red tape of local building authorities, utility upgrades, or other common roadblocks."
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
February 19, 2025 18:14 ET (23:14 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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