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 13, 2023 | 12:29 pm
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Workhorse's IRS approval for the Commercial Clean Vehicle Credit has led to an increase in its stock prices.
The IRS approval as a qualified manufacturer for the Commercial Clean Vehicle Credit is a positive development for Workhorse. This could potentially increase the company's sales, as it may attract more customers seeking to take advantage of the credit. This positive news has already reflected in the company's rising stock prices.
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