The best sector for investors to be in this year has no doubt been the EV space. From Tesla to NIO to Workhorse Group to Hyliion and Nikola before the Hindenburg hit job and Fisker, these stocks have delivered triple-digit gains for our readers and subscribers. We have covered them all before the big run and focused on Workhorse’s 10% stake in Lordstown Motors as a smart way to play the Lordstown merger with DPHC stock.
Now, we are doing a deep dive on Lordstown Motors and why we believe the rally is set to continue. In this article, we take a look at the fundamentals of Lordstown Motors and why it belongs in every EV investor’s portfolio.
DPHC Daily Chart
Lordstown Motors
Lordstown Motors Corp. is an Ohio-based original equipment manufacturer of light-duty fleet vehicles, founded with the purpose of transforming Ohio’s Mahoning Valley and Lordstown, Ohio, into the epicenter of electric-vehicle manufacturing. The company owns the Lordstown Assembly Plant where it plans to build the Lordstown Endurance, believed to be the world’s first fully-electric pickup truck designed to serve the commercial fleet market.
DPHC Stock
DiamondPeak is a special purpose acquisition company formed for the purpose of effecting a merger, stock exchange, acquisition, reorganization, or similar business combination with one or more businesses. DiamondPeak is sponsored by DiamondPeak Sponsor LLC, which is owned by affiliates of David T. Hamamoto and the principals of Silverpeak, an alternative investment management firm.