Why Workhorse Group, Lordstown Motors, and Canoo Stocks Popped Today

The market is experiencing a bit of a reversal away from value names in sectors like materials and industrials, and back into growth names today. Companies in the electric vehicle (EV) sector are reaping the benefits, with three EV stocks that have been beaten down so far in 2021 gaining today. Workhorse Group (NASDAQ: WKHS) and Lordstown Motors (NASDAQ: RIDE) were both more than 18% higher, and shares of Canoo (NASDAQ: GOEV) had risen 9% as of 3:45 p.m. EDT.

The gains are still barely making a dent in recovering the losses seen so far this year:

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Source Fool.com