Why Lordstown Motors, Switchback Energy, and Workhorse Group Stocks Are Higher Today

Shares of several electric-vehicle-related stocks were higher on Monday on optimism about new COVID-19 vaccines and the prospects for electric vehicles (EVs) in the United States under the incoming Biden administration.

Here's where things stood for these three stocks as of 1:45 p.m. EST on Monday relative to their closing prices on Friday:

These three companies' stocks were among many electric-vehicle-related issues trading higher on Monday, including electric-truck start-up Nikola (NASDAQ: NKLA); Chinese EV makers NIO (NYSE: NIO), Xpeng Motors (NYSE: XPEV), and Li Auto (NASDAQ: LI); and California electric shuttle-bus maker GreenPower Motor (NASDAQ: GP). 

Continue reading

Source Fool.com