What's Going On With Workhorse Group Stock Tuesday
Portfolio Pulse from Dylan Berman
Workhorse Group, Inc. (NASDAQ:WKHS) shares are up 23.9% after being awarded a Sourcewell contract for zero-emission vehicles, expanding its reach to government, educational, and nonprofit sectors in the US and Canada. The company will also present at the Gateway Conference in early September.
July 16, 2024 | 4:32 pm
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POSITIVE IMPACT
Workhorse Group shares surged 23.9% after being awarded a Sourcewell contract for zero-emission vehicles, which will expand its market reach to government, educational, and nonprofit sectors in the US and Canada. Additionally, the company will present at the Gateway Conference in early September.
The Sourcewell contract significantly expands Workhorse's market reach, which is a positive development for the company. The stock price has already reacted positively, indicating strong investor confidence. The upcoming presentation at the Gateway Conference could further boost visibility and investor interest.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100