Shuttle shares surge 10.61% after-hours on Houston Metro's $4M expansion of free electric shuttle program.

Shuttle surged 10.61% in after-hours trading following news that Houston Metro secured a $4.1 million expansion for its free electric Community Connector shuttle program, despite low ridership. The funding, aimed at increasing service hours and zones, was highlighted by Metro board chairwoman Elizabeth Gonzalez Brock, a CenterPoint Energy executive and Evolve Houston founding member. The program, operated via RYDE and Ride Circuit, has delivered fewer than 100,000 trips in over a year but remains a key initiative for small-neighborhood mobility in Houston. The expansion aligns with growing demand for microtransit solutions, particularly in underserved areas, and signals continued investment in electric vehicle infrastructure. While critics question the program’s metrics, the additional funding and advocacy from influential stakeholders likely drove the after-hours rally.