NEW YORK, July 11 (Reuters) - ** Shares of General

Motors ( GM ) rise 2.8% to $47.83 on Thurs after winning $500

mln in grants from the Department of Energy to convert one of

its plants to build electric vehicles

** GM is on track for biggest daily pct gain since June 10

and is up ~33% YTD

** GM will receive $500 mln to convert its Lansing Grand

River Assembly Plant in Michigan to EVs at an unspecified future

date, Energy Secretary Jennifer Granholm announced on Thurs

** GM plans to invest at least $900 mln to retool the

Lansing auto plant, Granholm said at an event in Lansing

** Among the 29 analysts that cover General Motors Co ( GM ), the

median PT is $52 and avg rating is "buy" - and the breakdown of

recommendations are 20 "strong buy" or "buy," 8 "hold" and 1

"sell," per LSEG data

(Reporting by Chibuike Oguh in New York)