Workhorse Group Inc. designs, manufactures, develops, sells, and leases battery-electric automobiles and aircraft in the United States. It runs through two departments, Automotive and Aviation. The business also develops cloud-based and real-time telematics efficiency monitoring systems that make it possible for fleet operators to enhance energy workhorse stock news and route efficiency. Its products consist of electric freight vans, and medium and light-duty pickup trucks, along with HorseFly shipment drones and truck systems. The business was formerly referred to as AMP Holding Inc. and altered its name to Workhorse Group Inc. in April 2015. Workhorse Group Inc. was established in 2007 and is headquartered in Loveland, Ohio.
As we just ended the second quarter of 2020, now is a fun time to examine some stocks with the finest performance in the last 3 months. The stocks I'm going to cover are all on the Robinhood Top 100. This list is made up of the most popular stocks owned by financiers that use the Robinhood app.
Over 100,000 Robinhood investors own each of the 3 stocks on this list. Their market caps range from $359 Million to $4.4 Billion, while their prices range from $2 a share to $25 a share. All of these stocks have actually at least returned over 470% this past quarter.
Here are the 3 best-performing stocks on the Robinhood 100 for the 2nd quarter 2020:
IDEX is an international business that assists in the adoption of business electric cars and establishing next-generation monetary services and Fintech items. The company's electric car department, Mobile Energy Global, provides group getting discounts on industrial electrical vehicles, EV batteries, and electricity. The business likewise includes DBOT ATS and Intelligenta, which supply monetary services options that are powered by AI and blockchain.
The stock was up over 526% for the second quarter. IDEX just recently had a big rate gain after it divulged that its Mobile Energy Global subsidiary had actually completed the delivery of several orders amounting to 117 systems. The company has actually also been receiving unfavorable attention due to allegations of fraud. One short-seller, Hindenburg Research, stated it sent a detective to their Mobile Energy Group facility where employees were not familiar with IDEX. Likewise, there was a class-action claim submitted versus the company Tuesday, alleging that the defendants made materially false or misleading statements. The company has actually had several years with unfavorable operating capital, negative cumulative incomes over the last 12 months, decreasing sales development, and a substantial portion of their shares are being shorted, so be mindful with this stock.
WKHX designs, develops, makes, and offers high-performance, medium-duty trucks. The business's products consist of trucks comprising a powertrain and chassis. Their powertrain items consist of E-GEN and E-100. E-GEN is an electric, transmission-free system, with a gasoline/propane or compressed natural gas engine that works as an auxiliary generator. E-100 is an all-electric, medium-duty truck.
WKHS has actually established a service relationship with United Parcel Service (UPS) and the U.S. Postal Service. The business's service generated $84,000 in sales in the first quarter of this year.
The stock was up over 477% for Q2 2009. WKHS just recently announced a brand-new $70 million funding deal. The deal is for senior secured convertible notes, which should offer the company enough cash to meet its 2020 goals. The business anticipates to produce and deliver 300 to 400 automobiles this year. WKHX was also recently contributed to the Russell 3000 index. That ought to help the company as it will be added to numerous index funds. KHS anticipates 557% sales growth next year, and 4 out of 4 analysts consider the business a Strong Buy. The stock is also a Strong Buy in the StockNews.com POWR Rankings. It is ranked # 4 out of 26 Auto & Automobile Manufacturers.
Inovio (INO - Get Rating) INO focuses on the discovery, advancement, and commercialization of DNA medicines to treat, cure, and secure people from diseases associated with human papillomavirus (HPV), cancer, and transmittable illness. INO is a leading contender for a COVID vaccine. The company created a potential service to the infection utilizing its exclusive technology to examine the coronavirus's genetic profile. he Defense Department signed a $71 million offer with the company to produce and scale up its needleless vaccine shipment devices. This is essential to nationwide security. Members of our armed forces have been on the front lines of this pandemic. The company is known for quickly creating potential new DNA vaccines.