BEEM - ChargePoint Workhorse Grroup and QuauntumScape pace big day for electric vehicle stocks

The electric vehicle showed strong gains in midday trading on Tuesday after a relaxation of tension around the Russia-Ukraine conflict has sent the broad stock market higher and some investors back into high-growth story stocks. The biggest gainers in the sector included Volcon Motors (VLCN +17.9%), Blue Bird Corporation (BLBD +14.3%), ChargePoint Holdings (CHPT +12.2%), Workhorse Group (WKHS +8.5%), Beam Global (BEEM +7.7%), QuantumScape (QS +8.3%), Electrmeccanica Vehicles (SOLO +7.7%) and Sono Group (SEV +7.0%). Green Power Motor Company (GP +7.3%) broke higher with Roth Capital Partners upgrading the stock to a Buy rating off its view that EV school bus subsidies will likely materialize quickly. Rivian Automotive (RIVN +4.8%) gained after Soros Fund Management and Tudor Investment were among the hedge funds that disclosed being long at the end of the year. Fisker (FSR +5.0%) also jumped after opening up reservations for second EV model. Tesla (TSLA +4.3%) showed

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ChargePoint, Workhorse Grroup and QuauntumScape pace big day for electric vehicle stocks