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 (NASDAQ:WKHS) shares are trading higher following the announcement of a strategic collaboration with Kinsburg Truck Sales. The partnership involves Kinsburg purchasing 141 units of Workhorse's W4 CC Class 4 battery-electric cab chassis trucks, with delivery expected this year. The deal is contingent on receiving California's HVIP vouchers, which could provide up to $60,000 in incentives per truck. Additionally, Workhorse has completed the divestiture of its Aero business.

Portfolio Pulse from Dylan Berman

June 12, 2024 | 5:16 pm

Workhorse Group has announced a strategic collaboration with Kingsburg Truck Sales and the completion of its Aero business divestiture. This move is expected to streamline operations and focus on core competencies.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:33 pm

The article highlights the performance of 12 consumer discretionary stocks during Monday's after-market session. Notable gainers include Interactive Strength (TRNR), Phoenix Motor (PEV), BurgerFi International (BFI), Allbirds (BIRD), Workhorse Group (WKHS), and AYRO. On the losing side, 2U (TWOU), Target Hospitality (TH), China Liberal Education (CLEU), ZHONGCHAO (ZCMD), ATA Creativity Global (AACG), and Yatra Online (YTRA) saw declines.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 8:31 pm

The article discusses key events in the electric vehicle (EV) sector for the week ending June 7. Tesla is pushing for shareholder approval of Elon Musk's 2018 pay package, Rivian launched revamped R1 vehicles, Nikola received shareholder approval for a reverse stock split, and Fisker defaulted on a loan payment. Ford's CEO emphasized the importance of affordable EVs, and the KraneShares Electric Vehicles and Future Mobility Index ETF saw a decline.

Portfolio Pulse from Shanthi Rexaline

June 08, 2024 | 1:36 pm

The article highlights the performance of various consumer discretionary stocks during Friday's after-market session. QuantaSing Group (QSG) saw a significant increase of 16.2% following their Q3 earnings release. Other gainers include Barnes & Noble Education (BNED), Nova Lifestyle (NVFY), MGO Global (MGOL), BurgerFi International (BFI), and Allbirds (BIRD). On the losing side, U Power (UCAR), Visionary Holdings (GV), China Liberal Education (CLEU), Jeffs Brands (JFBR), PENN Entertainment (PENN), and Workhorse Group (WKHS) experienced declines.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 8:31 pm

The EV market had a mixed week ending May 31, with Tesla facing modest losses amid weak economic readings. Key events included Tesla's shareholder meeting and recall, Rivian's Q2 warning, Fisker's layoffs, Faraday Future's stock drop, and Lucid's UAE expansion.

Portfolio Pulse from Shanthi Rexaline

June 01, 2024 | 3:03 pm

The EV sector saw significant developments this week, including Tesla's production cut in China, Lucid's workforce reduction, Nikola's new truck orders, and Ford's potential easing of EV sales norms for dealers. The KraneShares Electric Vehicles and Future Mobility Index ETF fell 4.88% for the week.

Portfolio Pulse from Shanthi Rexaline

May 25, 2024 | 1:10 pm

Workhorse Group (NASDAQ: WKHS) reported Q1 2024 GAAP EPS of $(0.10), missing the $(0.09) estimate. Sales were $1.339M, missing the $4.134M estimate by 67.61% and down 20.91% YoY.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 10:05 pm

This week saw significant developments in the EV sector, including Tesla's efforts to reapprove Elon Musk's pay plan, Ford's appeal to suppliers for cost reductions, Faraday Future's massive stock rally, Rivian's partnership with Google, and Nio's launch of a new affordable SUV. The KraneShares Electric Vehicles and Future Mobility Index ETF also saw gains.

Portfolio Pulse from Shanthi Rexaline

May 18, 2024 | 12:59 pm

Workhorse Group Inc. (NASDAQ:WKHS) stockholders approved a proposal for a reverse stock split of outstanding shares by a ratio between 1-for-10 and 1-for-20, to be executed before August 30, 2024. This move aims to comply with Nasdaq Listing Rules. Additionally, stockholders voted on the re-election of board members and the issuance of shares underlying convertible notes and warrants.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 9:25 pm

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