Sono Group (NASDAQ:SSM) Shares Climb 2.1% – Here’s Why

Posted by Stuart Ham on Oct 23rd, 2026

Sono Group N.V. (NASDAQ:SSM – Get Free Report) shares shot up 2.1% on Wednesday. The stock traded as high as $1.22 and last traded at $1.1950. 114,289 shares changed hands during trading, a decline of 97% from the average daily volume of 4,362,450 shares. The stock had previously closed at $1.17.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Sono Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, September 25th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has a consensus rating of “Sell”.

View Our Latest Stock Report on Sono Group

Sono Group Price Performance

The firm has a market capitalization of $1.60 million, a price-to-earnings ratio of -0.21 and a beta of 9.58. The business’s fifty day moving average price is $2.02.

Sono Group (NASDAQ:SSM – Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported ($1.59) earnings per share (EPS) for the quarter.

Insider Buying and Selling at Sono Group

In related news, major shareholder 255 V. V Ug Haftungsbes Bambino sold 20,091 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $3.24, for a total value of $65,094.84. Following the transaction, the insider directly owned 157,326 shares in the company, valued at approximately $509,736.24. This represents a 11.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 35,501 shares of company stock valued at $118,426 over the last quarter. Corporate insiders own 19.00% of the company’s stock.

Sono Group Company Profile

(Get Free Report)

Sono Group N.V. was a German mobility technology company focused on integrating solar technology into vehicles. Through its subsidiary Sono Motors, the company developed systems intended to convert sunlight into supplemental electrical energy for electric vehicles, with the goal of extending driving range and reducing reliance on charging infrastructure.

The company’s best-known project was the Sion, a battery-electric passenger vehicle designed with solar cells integrated into its body panels.