Shares of automotive stocks tied to the electric vehicle (EV) revolution powered higher in Wednesday afternoon trading, with General Motors (NYSE: GM) up a strong 4.9%, electric-truck maker Workhorse Group (NASDAQ: WKHS) coming along for the ride with a 7.8% gain, and tiny FuelCell Energy (NASDAQ: FCEL) rushing ahead a mind-boggling 28.6% through 12:50 p.m. EST.
In the absence of any notable news about Workhorse or FuelCell today, though, I think credit for much of these gains has to go to GM.
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Why General Motors, FuelCell Energy, and Workhorse Group Stocks All Soared on Wednesday