What's Going On With Workhorse Group Shares Wednesday
Portfolio Pulse from Dylan Berman
Workhorse Group (NASDAQ:WKHS) shares are trading higher following the announcement of a strategic collaboration with Kinsburg Truck Sales. The partnership involves Kinsburg purchasing 141 units of Workhorse's W4 CC Class 4 battery-electric cab chassis trucks, with delivery expected this year. The deal is contingent on receiving California's HVIP vouchers, which could provide up to $60,000 in incentives per truck. Additionally, Workhorse has completed the divestiture of its Aero business.
June 12, 2024 | 5:16 pm
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Workhorse Group shares are trading higher due to a new partnership with Kinsburg Truck Sales, which includes the purchase of 141 electric trucks. The deal is dependent on receiving California's HVIP vouchers, potentially providing significant incentives.
The strategic collaboration with Kinsburg Truck Sales and the potential for significant incentives through California's HVIP vouchers are positive developments for Workhorse Group. This partnership could drive demand for their electric trucks, positively impacting their stock price in the short term.
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