🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Workhorse vs. Electric Last Mile Solutions: Which Commercial Electric Vehicle Stock is a Better Buy?

Published 07/13/2021, 10:12 AM
Updated 07/13/2021, 11:31 AM
© Reuters.  Workhorse vs. Electric Last Mile Solutions: Which Commercial Electric Vehicle Stock is a Better Buy?

After a recent dip, growth investors can look to add electric vehicle (EV) stocks to their portfolios. In this article I will analyze Workhorse Group (WKHS) and Electric Last Mile Solutions (ELMS) to see which commercial EV stock is a better buy.After a spectacular rally in 2020, many electric vehicle (EV) stocks have taken a breather this year. Several EV stocks are now trading significantly below their record highs providing investors an opportunity to buy the dip.

The shift towards clean energy solutions is inevitable and should gain significant momentum in the upcoming decade making EV stocks interesting investments right now. Demand for commercial EVs is also set to explode as enterprises look to lower their carbon footprints. Further, EV manufacturers will benefit from economies of scale in the future which will reduce production prices and fuel enterprise demand.

These factors could make companies such as Workhorse Group (WKHS) and Electric Last Mile Solutions (ELMS) good additions to your EV portfolio. But which between the two stocks is a better long-term buy?

Continue reading on StockNews

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.