Several EV companies’ stocks increased on last Thursday.
Shares of several EV companies have moved sharply on Thursday. Surprisingly, Rivian, which reported a quarterly loss and has faced many difficulties recently, has ended its stock up by 18% intra-day. Lordstown Motors, which also sold its Ohio factory, has increased by 47% during the day.
Here are some of the EV stocks that has an increase on Thursday and some has significant rise on Friday closing:
|Thursday||Friday Closing||Friday Closing Price|
|Rivian||up to 18%||9.88%||$ 26.70||NASDAQ|
|Lordstown Motors||up to 47%||10.36%||$ 2.45||NASDAQ|
|Lucid Group||up to 13%||14.79%||$ 18.01||NASDAQ|
|Nikola||up to 9%||15.50%||$ 6.41||NASDAQ|
|Fisker||over 12%||5.57%||$ 9.88||NYSE|
|Solid Power (EV battery provider)||up to 10%||7.44%||$ 7.80||NASDAQ|
|GreenPower Motors (Electric Bus Manufacturer)||up to 5%||7.69%||$ 4.62||NASDAQ|
|Hyzon (Fuel cell heavy vehicle maker)||up to 14%||14.79%||$ 3.88||NASDAQ|
|XL Fleet (Electrification solutions provider)||up to 11%||8.00%||$ 1.36||NYSE|
|Mullen Automotive (Electric car company)||over 8%||14.20%||$ 0.99||NASDAQ|
However, even with the sudden stock surge, they are still far from their peak prices in 2021, like how Rivian’s stock is still far from its peak price of $172 last November.
Additionally, some large EV automakers are not on the list, such as Tesla, which was down 7.91% for the past week. Ford and General Motors did worse than Tesla, down by 11.04% and 2.13%, respectively, from the previous week.