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 Group, Inc. (NASDAQ:WKHS) shares are trading lower ahead of its anticipated 2024 fiscal year second quarter earnings release on Wednesday. Analysts estimate a loss of $1.44 per share and revenue of $4.19 million. The company has a history of missing analysts' estimates for both revenue and EPS. Currently, the stock is trading at $1.14, below its 50-day moving average of $2 and near the bottom of its 52-week range of $1.1 to $22.

Portfolio Pulse from Dylan Berman

August 12, 2024 | 7:18 pm

The EV market experienced a turbulent week with significant developments. Tesla launched its Cybertruck in Canada and reported strong sales in China, but faced criticism from Sen. Elizabeth Warren. Rivian and Nikola exceeded Q2 expectations, while Lucid received a $1.5 billion cash infusion from its largest shareholder. Canoo faced a lawsuit, and Huawei entered the EV market. The KraneShares Electric Vehicles and Future Mobility Index ETF fell 2.58% for the week.

Portfolio Pulse from Shanthi Rexaline

August 10, 2024 | 1:30 pm

Shares of auto-related companies are trading lower due to overall market weakness and concerns about a US economic slowdown, which could impact demand.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 3:06 pm

The EV sector faced selling pressure last week amid a broader market downturn. Tesla's stock dipped despite strong sales in China and positive updates on its FSD technology. Uber partnered with BYD to introduce 100,000 new EVs to its platform. Lucid Motors provided an update on its Gravity SUV production. Ford reported a significant increase in EV sales for July. The KraneShares Electric Vehicles and Future Mobility Index ETF fell 3.47% for the week.

Portfolio Pulse from Shanthi Rexaline

August 03, 2024 | 5:30 pm

Workhorse Group Inc. (Nasdaq: WKHS) has made the first delivery of its W56 step van in collaboration with NorCal Transports Inc., a last-mile package delivery contractor. This delivery, facilitated by Kingsburg Truck Sales, aims to demonstrate the W56's performance in the last-mile delivery sector. NorCal aims to have 100% of its fleet as alternate fuel vehicles by 2025.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 12:37 pm

This week saw significant developments in the EV sector, with Tesla's mixed earnings report leading to a stock drop, Rivian's CEO discussing the new R2 platform, GM scaling back its EV goals, Xiaomi ramping up EV production, and Lucid securing a battery material deal. The KraneShares Electric Vehicles and Future Mobility Index ETF also saw a decline.

Portfolio Pulse from Shanthi Rexaline

July 27, 2024 | 3:43 pm

The EV sector experienced a significant downturn this week, influenced by broader market trends and specific company developments. Tesla raised prices for its Model S and Model X, while Ford shifted its EV production plans. Hyzon Motors saw a sharp decline due to a stock offering, and BYD expanded its dealership network in Vietnam. Additionally, Donald Trump announced plans to end the EV mandate if elected, which could impact the industry.

Portfolio Pulse from Shanthi Rexaline

July 20, 2024 | 3:22 pm

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.

Portfolio Pulse from Dylan Berman

July 18, 2024 | 5:54 pm

Workhorse Group announced that McAbee Trucking has acquired an all-electric W4 CC box truck, marking the first electric vehicle in McAbee's fleet. This follows a successful demonstration period that showcased the reliability and efficiency of Workhorse's vehicle.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 12:34 pm

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.

Portfolio Pulse from Adam Eckert

July 17, 2024 | 1:24 pm

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