What's Going On With Workhorse Stock Wednesday?
Portfolio Pulse from Adam Eckert
Workhorse Group Inc (NASDAQ:WKHS) shares are experiencing continued momentum after a significant rally. The company was awarded a Sourcewell contract for zero-emission commercial vehicles, allowing it to expand its reach to government, educational, and nonprofit sectors across the U.S. and Canada. This contract streamlines the purchasing process for municipalities, aiding in the transition to zero-emission fleets.
July 17, 2024 | 1:24 pm
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Workhorse Group Inc (NASDAQ:WKHS) shares are rising due to a new Sourcewell contract for zero-emission commercial vehicles. This contract allows Workhorse to serve government, educational, and nonprofit sectors across the U.S. and Canada, streamlining the purchasing process for municipalities.
The Sourcewell contract is a significant achievement for Workhorse, allowing it to expand its market reach and streamline the purchasing process for municipalities. This positive development is likely to drive short-term stock price increases.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100