Workhorse Stock Is Surging After Hours - Here's Why
Portfolio Pulse from Ryan Gustafson
Workhorse Group, Inc. (NASDAQ:WKHS) shares surged in after-hours trading following the announcement that the company has received IRS approval as a qualified Commercial Clean Vehicle Credit manufacturer. This will allow its customers to receive up to a $40,000 credit for deliveries of all Workhorse vehicles in 2023 and beyond.
September 12, 2023 | 9:02 pm
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Workhorse Group's stock price surged after the company received IRS approval as a qualified Commercial Clean Vehicle Credit manufacturer. This approval will allow its customers to receive up to a $40,000 credit for deliveries of all Workhorse vehicles in 2023 and beyond.
The IRS approval as a qualified Commercial Clean Vehicle Credit manufacturer is a significant positive development for Workhorse Group. This will make their vehicles more attractive to customers due to the potential $40,000 credit, which could lead to increased sales and revenue in the future. This news is directly related to the company and is likely to have a positive impact on its stock price in the short term.
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