Why it's happening: Rather, the China-based electric-vehicle maker is rising as investors begin to regain confidence amid continued government efforts to stabilize the broader Chinese markets. The Shanghai Composite index climbed 5.8% -- its biggest intra-day gain in six years -- after losing ground in eight of the last 10 trading sessions. But in spite of today's drop, the Shanghai Composite has still fallen nearly 28% over the past month. And Kandi, for its part, fell more than 11% two days ago during one of the market's particularly painful declines, staying the course even as more than half of all stocks on the Shanghai and Shenzhen indexes have suspended trading.
To be fair, the recent pullback comes after big gains for the broader market earlier in the year, and the Shanghai Composite is still up almost 15% so far in 2015. Kandi hasn't fared as well, with shares down more than 45% year to date. The bulk of those declines came amid this market pullback, and despite Kandi's reasonably solid quarterly results in mid-May. Given Kandi's massive market opportunity in a nation of 1.4 billion people, I can't help but think this could be a great opportunity for opportunistic investors with a stomach for volatility and time on their side.
