Workhorse shares are trading higher after the company announced it has received IRS approval as a qualified manufacturer for the Commercial Clean Vehicle Credit.
Portfolio Pulse from Benzinga Newsdesk
Workhorse Group Inc. has received IRS approval as a qualified manufacturer for the Commercial Clean Vehicle Credit, which has led to a rise in its share prices.
September 12, 2023 | 8:18 pm
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POSITIVE IMPACT
Workhorse's IRS approval as a qualified manufacturer for the Commercial Clean Vehicle Credit has positively impacted its stock prices.
The IRS approval allows Workhorse to benefit from the Commercial Clean Vehicle Credit, which can make its products more attractive to customers and potentially increase its sales. This positive news has led to an increase in its stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100