Streetbeat News

WKHS

Workhorse Group Inc.

https://www.workhorse.com

Industry

Auto - Manufacturers

Workhorse Group Inc., a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers electric and range-extended medium-duty delivery trucks under the Workhorse brand; and HorseFly Unmanned Aerial System, a custom-designed purpose-built all-electric drone system. It also provides Metron, an air delivery application that tracks the performance of various the vehicles deployed. The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015. Workhorse Group Inc. was founded in 2007 and is headquartered in Loveland, Ohio.

Open

1.16

Mkt cap

30M

Volume

4.7M

High

1.42

P/E Ratio

-0.13

52-wk high

8.78

Low

1.00

Div yield

N/A

52-wk low

0.57

The EV sector experienced a mixed week with Tesla's Q3 deliveries slightly beating estimates but causing a stock dip, Rivian missing sales forecasts and seeking a DOE loan, and Nikola exceeding delivery expectations. GM saw a rise in EV sales, while Ford's growth was modest. Nio plans expansion in the MENA region.

Portfolio Pulse from Shanthi Rexaline

October 05, 2024 | 5:13 pm

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 4:00 pm

The EV sector saw significant movements this week, with Tesla leading the charge due to strong sales in China and upcoming catalysts. Rivian faced a downgrade from Morgan Stanley, while Canoo expanded to the UK amidst internal challenges. Nio began deliveries of its new low-end EV, and GM announced a partnership for fast-charging batteries. The KraneShares Electric Vehicles and Future Mobility Index ETF saw a notable rise.

Portfolio Pulse from Shanthi Rexaline

September 28, 2024 | 2:35 pm

The EV sector saw mixed results this week. Tesla's China sales are on track for a record quarter, while European sales declined. Rivian launched new tri-motor R1 variants, and Nio introduced the Onvo L60. Faraday Future announced a new brand, and Hyzon Motors began production of a new hydrogen truck.

Portfolio Pulse from Shanthi Rexaline

September 21, 2024 | 2:14 pm

The EV market saw significant developments this week. Tesla's sales in China are recovering, Lucid unveiled a midrange EV, Ford plans to restart EV production in India, Canoo withdrew its guidance, and VinFast is under regulatory scrutiny. The KraneShares EV ETF gained 4.47% for the week.

Portfolio Pulse from Shanthi Rexaline

September 14, 2024 | 4:00 pm

Workhorse Group shares are trading higher after announcing participation in the FedEx Service Provider Summit to showcase its W56 electric vehicle. FedEx has also placed an order for 15 W56 step vans as part of its carbon neutrality goals.

Portfolio Pulse from Dylan Berman

September 13, 2024 | 5:28 pm

Workhorse shares rose as the company announced its participation in the FedEx Service Provider Summit to showcase its W56 electric vehicle.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 4:41 pm

Workhorse Group Inc. is participating as a Presidential Exhibitor at the 2024 FedEx Forward Service Provider Summit, showcasing its W56 electric vehicle. The event highlights transportation innovation and the future of logistics.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:13 pm

Workhorse Group's stock is rising after FedEx placed an order for 15 W56 step vans, aiding FedEx's carbon neutrality goals. The vans are highly efficient, achieving 31 MPGe compared to the national average of 7 MPG for delivery trucks.

Portfolio Pulse from Dylan Berman

September 09, 2024 | 2:52 pm

Workhorse shares are experiencing an uptick following FedEx's order for 15 Workhorse W56 step vans.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 12:51 pm

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