World’s Best-Performing Stock of 2023 Gained Almost 600%
- Down nearly 50% from July peak, Ecopro is still best performer
- Short sellers got burned as retail army sparked Ecopro’s rally
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The frenzied adoration of South Korean retail traders for everything EV battery-related has sparked a meteoric rally of one cathode producer, making it the world’s best-performing stock this year.
Shares of Ecopro Co. comfortably beat all companies in the 2,647 member Bloomberg World Index — delivering returns of 571% this year and more than 200% points over runner-up Kum Yang Co., another Korean company also at the center of the EV craze.