Workhorse Group Inc. designs, manufactures, develops, offers, and leases battery-electric cars and aircraft in the United States. It runs through 2 divisions, Automotive and Air travel. The business likewise develops cloud-based and real-time telematics efficiency monitoring systems that make it possible for fleet operators to optimize energy and route efficiency. Its items consist of electric freight vans, and medium and light-duty pickup, as well as HorseFly delivery drones and truck systems. The company was previously understood 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 simply ended the second quarter of 2020, now is a fantastic time to examine some stocks with the best efficiency in the last 3 months. The stocks I'm going to cover are all on the Robinhood Top 100. This list is comprised of the most popular stocks owned by investors that utilize 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 costs range from $2 a share to $25 a share. All of these stocks have at least returned over 470% this previous quarter.
Here are the three best-performing stocks on the Robinhood 100 for the second quarter 2020:
IDEX is a worldwide business that facilitates the adoption of commercial electrical vehicles and establishing next-generation monetary services and Fintech items. The company's electric vehicle division, Mobile Energy Global, provides group getting discounts on commercial electric cars, EV batteries, and electrical energy. The company also includes DBOT ATS and Intelligenta, which supply monetary services services that are powered by AI and blockchain.
The stock was up over 526% for the 2nd quarter. IDEX recently had a big cost gain after it revealed that its Mobile Energy Global subsidiary had actually completed the shipment of multiple orders amounting to 117 units. The business has also been getting unfavorable attention due to allegations of fraud. One short-seller, Hindenburg Research, stated it sent a detective to their Mobile Energy Group facility where workers were not familiar with IDEX. Also, there was a class-action suit submitted against the company Tuesday, alleging that the accuseds made materially false or deceptive declarations. The company has actually had a number of years with unfavorable operating capital, negative cumulative earnings over the last 12 months, declining sales growth, and a significant percentage of their shares are being shorted, so be cautious with this stock.
WKHX styles, establishes, produces, and sells high-performance, medium-duty trucks. The company's items include trucks making up a powertrain and chassis. Their powertrain items include E-GEN and E-100. E-GEN is an electrical, transmission-free system, with a get more info gasoline/propane or compressed 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 produced $84,000 in sales in the very first quarter of this year.
The stock was up over 477% for Q2 2009. WKHS just recently revealed a brand-new $70 million financing deal. The deal is for senior protected convertible notes, which ought to offer the business enough cash to meet its 2020 goals. The company anticipates to produce and deliver 300 to 400 automobiles this year. WKHX was likewise recently contributed to the Russell 3000 index. That should assist the business as it will be contributed to lots of index funds. KHS anticipates 557% sales development next year, and four out of 4 analysts think about the company a Strong Buy. The stock is likewise a Strong Buy in the StockNews.com POWR Scores. It is ranked # 4 out of 26 Vehicle & Car Manufacturers.
Inovio (INO - Get Score) INO concentrates on the discovery, advancement, and commercialization of DNA medications to deal with, cure, and secure people from illness associated with human papillomavirus (HPV), cancer, and infectious diseases. INO is a top competitor for a COVID vaccine. The company came up with a potential service to the virus using its proprietary technology to evaluate the coronavirus's hereditary profile. he Defense Department signed a $71 million offer with the company to produce and scale up its needleless vaccine delivery gadgets. This is essential to national security. Members of our armed forces have been on the front lines of this pandemic. The company is understood for quickly producing potential brand-new DNA vaccines.