Workhorse Group Stock Surged 655% in 2020, but Is It a Buy for 2021?
Investors have been trying to get ahead of the crowd buying electric-vehicle (EV) stocks in 2020. The sector has enormous potential, and it seemed more buyers came in as more and more EV makers went public.
As more companies were available to investors, people could start differentiating among the underlying businesses and addressable markets. One that investors flocked to is Workhorse Group (NASDAQ: WKHS), maker of electric commercial cargo vans. The last-mile package delivery segment is an ideal application for EVs, but after a 655% gain in 2020, has the stock run too far too fast?
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Source Fool.com
