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Why Lordstown Motors, Switchback Energy, and Workhorse Group Stocks Are Higher Today

Why Lordstown Motors, Switchback Energy, and Workhorse Group Stocks Are Higher Today

Shares of several electric-vehicle-related stocks were higher on Monday on optimism about new COVID-19 vaccines and the prospects for electric vehicles (EVs) in the United States under the incoming Biden administration. Lordstown Motors (NASDAQ: RIDE) was up about 7.6%. Switchback Energy Acquisition (NYSE: SBE) was up about 22.2%.