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

Workhorse has received a purchase order from FedEx for 15 W56 step vans, set for delivery in 2024. This move supports FedEx's goal of achieving carbon-neutral operations by 2040, with the vehicles offering reduced emissions and improved fuel efficiency.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 12:32 pm

The EV sector saw mixed results this week with Tesla extending its zero-interest financing in China, Rivian facing a fire incident, and XPeng surging due to strong demand for its new model. Lucid is working on affordable EVs, and BYD plans to expand internationally.

Portfolio Pulse from Shanthi Rexaline

August 31, 2024 | 1:33 pm

The EV sector saw mixed developments this week. Tesla received a tariff cut in Europe but lost its BEV crown to BMW. Lucid claimed tech leadership over Tesla, while Ford scaled back its EV plans. Workhorse reported poor earnings, and Canoo faced executive departures. The KraneShares EV ETF rose 3.44% for the week.

Portfolio Pulse from Shanthi Rexaline

August 24, 2024 | 2:00 pm

TD Cowen analyst Jeffrey Osborne maintains a Hold rating on Workhorse Group (NASDAQ:WKHS) but significantly lowers the price target from $3 to $0.25.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 3:09 pm

Workhorse Group, Inc. (NASDAQ:WKHS) reported disappointing Q2 results with a larger-than-expected loss per share and significantly lower sales than anticipated. The company's shares fell by 28.4% following the announcement. Despite the setbacks, Workhorse is focusing on expanding its product line and has received new orders and contracts.

Portfolio Pulse from Nabaparna Bhattacharya

August 20, 2024 | 2:38 pm

Workhorse Group's shares declined following the release of disappointing Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 1:59 pm

Workhorse Group reported a Q2 EPS of $(1.40), missing the $(1.23) estimate, and sales of $842.44K, missing the $8.43M estimate. This reflects a significant decline in both earnings and sales compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 1:10 pm

Workhorse Group reported Q2 sales of $800K, with a net loss of $26.3M. As of June 30, the company had $5.3M in cash and cash equivalents.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 1:02 pm

The article discusses the latest developments in the electric vehicle (EV) sector, highlighting Tesla's market share erosion, Lucid's technological advancements, Rivian's production halt, and recalls by Ford and GM. It also mentions Canoo's financial performance and the performance of various EV stocks over the week.

Portfolio Pulse from Shanthi Rexaline

August 17, 2024 | 12:30 pm

Workhorse has rescheduled its Q2 earnings call to August 20 and has made significant progress on its EV product roadmap. CEO Rick Dauch mentioned steps taken to protect the company's financial runway and the anticipation of reporting full Q2 results next week.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 10:15 am

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