What's Going On With Workhorse Group Stock Thursday?
Portfolio Pulse from Dylan Berman
Workhorse Group Inc. (NASDAQ:WKHS) announced that McAbee Trucking Inc. has acquired a W4 CC box truck to be used for USPS mail routes. This aligns with USPS's commitment to reducing emissions. Workhorse stock has risen 16.28% over the last week, driven by a recent contract award for zero-emission commercial vehicles.
July 18, 2024 | 5:54 pm
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Workhorse Group Inc. announced that McAbee Trucking Inc. has acquired a W4 CC box truck for USPS mail routes. This acquisition supports USPS's emission reduction goals and has contributed to a 16.28% rise in Workhorse's stock over the past week.
The acquisition of the W4 CC box truck by McAbee Trucking for USPS routes highlights the growing adoption of Workhorse's electric vehicles. This aligns with broader trends towards emission reduction and has positively impacted Workhorse's stock price, which has risen significantly over the past week.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100