Investing.com - Financial Markets Worldwide
🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Workhorse vs. Lordstown Motors: Which Electric Vehicle Stock is a Better Buy?

Published 04/28/2021, 04:05 PM
Updated 04/28/2021, 05:31 PM
© Reuters. Workhorse vs. Lordstown Motors: Which Electric Vehicle Stock is a Better Buy?

Workhorse Group (WKHS) and Lordstown Motors (RIDE) are two electric vehicle (EV) stocks that have experienced significant selloffs in 2021. Investors might be considering adding one of these EV stocks to their portfolios at these cheaper prices but which is currently a better buy?.The electric vehicle (EV) industry has been on a wild ride in the past year. The Global X Autonomous & Electric Vehicles ETF (DRIV) is up more than 120% in the past year. Year-to-date it’s up more than 15%.

However, Workhorse Group (WKHS) and Lordstown Motors (RIDE), two EV players focusing on electric commercial fleets in the U.S., have experienced significant losses YTD.

Now could be a time to scoop up shares in these stocks at a cheaper price. So today we’re going to analyze which stock is a better buy.

Continue reading on StockNews

Latest comments

Install Our App
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.