Electric vehicles stocks have been emerging as a popular play with investors. And like other stocks, they will sometimes trade in sympathy with each other. (For those who don't know, a sympathy play is a trade or investment that can be made in order to capture similar exposure to a theme or sector.)
Investors and traders are interested in sympathy or peer plays as they create opportunities for potential gains when sector-wide news hits or news out of a specific company in a sector could move an entire group.
For example, Riot Blockchain RIOT stock moves almost simultaneously with Bitcoin BTC/USD. If Bitcoin prices rise, Riot stock tends to rise as well.
Here are the electric vehicle stocks that could move when news in that space is announced:
Electric Vehicle Manufacturers:
Tesla Inc. TSLA
Lucid Group Inc. LCID
Fisker Inc. FSR
Rivian Automotive Inc. RIVN
Fleet Vehicle Manufacturers:
Workhorse Group Inc. WKHS
Nikola Corp NKLA
Hyliion Holdings Corp HYLN
Lordstown Motors Corp RIDE
Charging Infrastructure:
Blink Charging Co. BLNK
Chargepoint Holdings Inc. CHPT
Evgo Inc. EVGO
Volta Inc. VLTA
Overseas Manufacturers:
Nio Inc. - ADR NIO
Xpeng Inc. - ADR XPEV
Li Auto Inc. LI
Kandi Technologies Group Inc. KNDI
Alternative Vehicles:
Electrameccanica Vehicles Corp SOLO
Arcimoto Inc. FUV
Ayro Inc. AYRO
Mastercraft Boat Holdings Inc MCFT
Photo: Courtesy Fisker
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