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

In Tuesday's intraday session, 12 consumer discretionary stocks showed significant movement. Notable gainers included Color Star Tech, Workhorse Gr, Qurate Retail, Jiuzi Hldgs, VIZIO Holding, and Bright Scholar Education, with increases ranging from 12.51% to 22.4%. On the downside, GigaCloud Tech, BowFlex, Golden Sun Health, 2U, Yunji, and JOANN experienced declines between 14.84% and 27.1%.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 5:31 pm

Electric vehicle stocks had mixed performances in the week ending Feb. 16, with Tesla seeing a third week of gains and Rivian pulling back after a previous rally. Key events included Tesla's Model 3 LR price hike, Stellantis adopting Tesla's charging standard, a temporary relaxation of a strike against Tesla, Rivian teasing its R2 platform, Lucid's price cuts and CEO bonus controversy, and GM and Ford's openness to partnerships against Chinese rivals. Fisker announced dealer partnerships, and the KraneShares Electric Vehicles ETF saw a weekly gain.

Portfolio Pulse from Shanthi Rexaline

February 17, 2024 | 2:18 pm

Workhorse Group Inc. (WKHS) has announced a partnership with Zeem Solutions to enhance service and support for Workhorse customers, focusing on zero-emission commercial vehicles. Zeem's technicians will collaborate with Workhorse's team to provide quick service responses and maintain uptime. Zeem plans to expand its service hubs across the U.S., starting with its flagship hub in Los Angeles. This partnership aims to support Workhorse's growth in California by providing local service options for fleet operators, leveraging Zeem's expertise in EV maintenance.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:36 pm

Electric vehicle stocks had a mixed week, with Tesla seeing a sales drop in China but an increase year-over-year. Rivian introduced new battery packs to lower prices, while Ford aims for the low-end EV market. Lucid partnered with Saks for exclusive demos, and Nikola rejected nominees from its convicted founder. The KraneShares EV ETF saw a slight weekly gain.

Portfolio Pulse from Shanthi Rexaline

February 10, 2024 | 1:52 pm

This week in the EV sector, Tesla faced a court verdict invalidating Elon Musk's compensation plan and recalled 2.2 million vehicles. Ford reported a decline in EV sales, while Lucid's stock surged 25% on positive news. Canoo expanded its fleet with Zeeba, and Arrival was delisted from Nasdaq. The KraneShares EV ETF saw a weekly decline.

Portfolio Pulse from Shanthi Rexaline

February 03, 2024 | 1:40 pm

Workhorse Group has been granted three U.S. patents related to its electric delivery vehicles. The patents cover adaptations for electric delivery vehicles, the incorporation of monocoques and modular mold systems, and brake systems for land vehicles. Additionally, a patent for unmanned aerial vehicle delivery systems was also granted.

Portfolio Pulse from Charles Gross

January 30, 2024 | 1:38 pm

Workhorse Group (NYSE:WKHS) has seen a significant decrease in short interest, with a 25.44% drop since the last report. The current short interest stands at 43.76 million shares, or 17.2% of the float. It would take about 3.79 days for traders to cover their short positions. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in the stock price. Workhorse has a higher short interest compared to its peers, with the peer group average at 12.16% of the float.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 7:00 pm

Electric vehicle stocks, including Tesla, Rivian, and Fisker, faced challenges this week with Tesla's price cuts and Elon Musk's demand for more control, Rivian's downgrade by Deutsche Bank, and Fisker's probe into braking issues. Tesla's price adjustments and Musk's comments may affect investor sentiment ahead of earnings, while Rivian's downgrade reflects concerns over future losses and production issues. Fisker is cooperating with a federal probe into braking issues but asserts its systems meet requirements. The KraneShares Electric Vehicles ETF also saw a decline.

Portfolio Pulse from Shanthi Rexaline

January 20, 2024 | 2:04 pm

In Wednesday's after-market session, several consumer discretionary stocks experienced movement. Educational Development (EDUC) saw an 8.3% increase after its Q3 earnings report 4 days ago. Rent the Runway (RENT) rose by 5.23%, while Kaixin Auto Hldgs (KXIN), Latham Group (SWIM), and Fitell (FTEL) also saw gains. Conversely, E-Home Household Service (EJH), Rush Street Interactive (RSI), SRIVARU Holding (SVMH), Winnebago Industries (WGO), Workhorse Gr (WKHS), and Volcon (VLCN) experienced declines in their stock prices.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 9:31 pm

Electric vehicle stocks, including Tesla, Lucid Group, and XPeng, faced declines amid investor concerns over Tesla's price cuts in China and a bearish EV market. Tesla's refreshed Model 3 launched in North America, but price reductions in China may lead to lower earnings estimates. Hertz plans to sell a portion of its EV fleet to reinvest in ICE vehicles, reversing its previous EV-focused strategy. Lucid reported lower Q4 production and deliveries year-over-year. XPeng showcased a flying car at CES 2024 and plans to open pre-orders in Q4. Canoo acquired manufacturing assets at a discount but saw its stock fall. Honda unveiled '0' series concept EVs at CES with a potential North American launch in 2026. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) also dropped.

Portfolio Pulse from Shanthi Rexaline

January 13, 2024 | 2:03 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.