© Reuters. 4 Worst Performing Electric Vehicle Stocks in May
Electric vehicles stocks were the talk of the town last year with many hitting high double digit returns. This year, the industry has struggled to repeat that performance. Last month, for instance, many EV stocks such as Canoo (GOEV), GreenPower Motor Company (GP), Ayro (AYRO), and Workhorse (WKHS) were down quite a bit. Will they bounce back? Read more to find out.Electronic vehicle (EV) stocks have had a dismal start to 2021. The industry as a whole has slid since the new year rolled around. This past May was particularly brutal for EV stocks.
Take a close look at the top EV automakers’ performance in the prior month, and you will find the majority were down. In fact, some of these stocks were down more than double digits in the month. Canoo (GOEV) was down 13% in May. GreenPower Motor Company (GP) was down 13%. Ayro (AYRO) was down nearly 14% in the prior 30 days, and Workhorse (WKHS) was down more than 25%.
Below, I provide a look at each of these beaten-down EV stocks to see if any of them are worthy of a position in your portfolio.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.