What Is Going On With Workhorse, Plug Power And FuelCell?

Workhorse Group Inc WKHS shares are trading lower by 13.7% at $8.32 Monday after the company reported a first-quarter net loss and lower-than-expected sales, while also lowering its 2021 production target.

In all, Workhorse reported quarterly sales of $521 thousand, which missed the analyst consensus estimate of $2.61 million.

Where Will Workhorse Stock Go Following Q1 Earnings?

Shares of EV-related stocks, including Plug Power Inc PLUG and FuelCell Energy Inc FCEL, are trading lower by 10.5% and 10.3%, respectively, in sympathy with shares of Workhorse.

See also: How to Buy Workhorse Group, Inc. (WKHS) Stock