Electric vehicle stocks surge

Beaten-up shares of several electric-vehicle start-ups traded sharply higher Thursday morning.

Rivian Automotive after market close on Wednesday reported a first-quarter loss that was narrower than Wall Street had expected, and Lordstown Motors announced a crucial deal to sell its Ohio factory had closed.

The stocks were up roughly 28% and 45%, respectively, in mid-morning trading.

Here are the other major EV stocks up, as of 11 am in New York:

  • Lucid Group was up about 14%.
  • Nikola was up about 10%.
  • Fisker was up over 10%.
  • Battery startup Solid Power was up over 11%.
  • Electric bus maker Greenpower Motors was up about 9%.
  • Fuel cell heavy truck maker Hyzon was up about 13%.
  • XL Fleet was up about 20%.
  • Mullen Automotive was up over 18%.

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