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RIDEW - Lordstown Motors Corp.
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    11/16/2020RIDEW
    Lordstown Motors (RIDE) Extends Rally After Order Update

    Lordstown Motors (RIDE) extended its rally Monday after announcing that Endurance production remains on track and preorders hit 50,000.

    11/16/2020RIDEW
    Lordstown Motors Releases Business Updates; Remains on Track to Begin Production of the Lordstown Endurance in September 2021

    LORDSTOWN, Ohio, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), (“Lordstown Motors”), a leader in electric light duty trucks focused on the commercial fleet market, today announced recent commercial, operational and strategic developments, as it remains on track to begin production of the Lordstown Endurance, the world’s first full-size, all-electric pickup truck, in September 2021. With the completion of Lordstown Motors’ business combination and subsequent listing on...

    11/9/2020RIDEW
    Workhorse Group Reports Third Quarter 2020 Results

    Workhorse Group Inc. (Nasdaq: WKHS) ("Workhorse" or "the Company"), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last-mile delivery sector, today reported financial results for the third quarter ended September 30, 2020.

    11/6/2020RIDEW
    Lordstown Needs to Find Love Among Truck Owners

    Once the source of much special purpose acquisition company (SPAC) hoopla and conjecture, electric vehicle truck Lordstown Motors (NASDAQ:RIDE) is now its own company with RIDE stock just days removed from its debut. Source: Alexandru Nika / Shutterstock.com Things are going pretty well. The electric truck maker had a market capitalization of $460 million on Oct. 29, its first day of trading. As of Nov. 3, that figure is up just north of $632 million. Backed by General Motors (NYSE:GM) and occ...

    11/5/2020RIDEW
    How to Make Sense of the Wild Trading in Hyliion and Other EV Stocks

    Why did Hyliion stock rise up 2.5% Wednesday while stock in commercial electric van maker (WKHS) (WKHS) dropped 8.2%? What’s more, shares of EV truck marker (RIDE) (RIDE) rose 5.4% Wednesday while shares of electric sport utility maker (FSR) (FSR) dropped 6.3%. The trading does make sense, sort of, if investors look at it over a longer time horizon, consider Wall Street sentiment, and parse the industry by end markets served by each EV company.

    11/2/2020RIDEW
    BGL Announces the Merger of Lordstown Motors Corporation with DiamondPeak Holdings Corporation in a Transaction Valued Over $1.6 Billion

    Brown Gibbons Lang & Company (BGL) is pleased to announce the merger of Lordstown Motors Corporation (Lordstown Motors), an original equipment manufacturer (OEM) of the world's first all-electric pickup truck serving the commercial fleet market, with DiamondPeak Holdings Corporation (DiamondPeak), a special purpose acquisition company (SPAC). BGL's Industrials team served as financial advisor to Lordstown Motors. The combined entity will trade on the NASDAQ exchange under the ticker symbol "RIDE...

    10/30/2020RIDEW
    The Newest Electric Car Stock Climbs On First Day Of Trading

    Fisker stock rose in its debut Friday on the New York Stock Exchange as blank-check mergers continue to churn out electric car stocks.

    10/30/2020RIDEW
    Hyliion Stock Might Shoot The Moon, But It Could Crash To Earth

    Since reaching a peak in September, HYLN stock has tumbled 62% as allegations of fraud have circled its electric vehicle (EV) competitors. Now that it’s trading around $20, does Hyliion (NYSE:HLYN) stock represent a fantastic entry point into an innovative company? Or is it yet another fraud on a slow deathmarch to zero? Source: Shutterstock Hyliion, a startup developing an electric drive for Class 8 trucks, claims its technology will improve fuel efficiency anywhere from 10% to 30%. There’s ...

    10/30/2020RIDEW
    Lordstown Motors: Can GM’s Old Plant Beat It?

    Lordstown Motors (NASDAQ:RIDE), housed in a former General Motors (NYSE:GM) assembly plant, has begun trading with a market capitalization of $460 million. RIDE stock opened Oct. 29 at about $14.50 per share. Source: Shutterstock GM is backing the start-up, which merged with a Special Purpose Acquisition Company (SPAC) called DiamondPeak to go public this week. It’s all part of a frenzy of electric-car financing, as investors continue to reject the old gas-powered giants and search for someon...

    10/30/2020RIDEW
    Don’t Abandon Lordstown Motors Stock Just Yet

    After its stock market debut, what’s next for Lordstown Motors (NASDAQ:RIDE) stock? When its merger deal was announced back in August, these shares, formerly known as DPHC stock, soared. They went from around $10 per share to as high as $31.80. Source: Shutterstock But, in the weeks since the stock reached that high, the “EV bubble” has taken a breather. RIDE stock, along with other names vying to become the next Tesla (NASDAQ:TSLA,) have headed lower. Development-stage EV companies like Lords...