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

This week in the EV sector saw Tesla grappling with executive departures and sales challenges in China, Rivian's earnings surpassing estimates amidst Apple partnership rumors, Fisker's Austrian unit filing for bankruptcy, and the Biden administration planning to impose tariffs on Chinese EV imports. Ford revisited its European EV transition plan, and the KraneShares Electric Vehicles ETF saw a decline.

Portfolio Pulse from Shanthi Rexaline

May 11, 2024 | 1:37 pm

In Monday's intraday session, several consumer discretionary stocks experienced significant movements. Mullen Automotive (MULN) led the gainers with a 41.9% increase, while GameStop (GME) headed the losers with a 15.6% decline. Other notable movers included Workhorse Group (WKHS), Dogness (DOGZ), and Bowlero (BOWL), with movements attributed to market dynamics and specific company news such as Bowlero's Q3 earnings report.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 4:31 pm

Tesla's visit to China and potential FSD approval led to a stock surge, while Rivian received an $827 million incentive from Illinois. Fisker faces legal issues and potential bankruptcy. Chinese EV startups and Ford reported strong sales, boosting their stocks. The KraneShares EV ETF also saw gains.

Portfolio Pulse from Shanthi Rexaline

May 04, 2024 | 9:09 pm

Tesla, Inc. (TSLA) led a recovery in EV stocks with its earnings call updates, including an accelerated production start for a new model and the Tesla Semi's manufacturing plans. Fisker, Inc. (FSRN) is in talks for a potential sale due to liquidity concerns. BYD Co. Ltd. (BYDDY, BYDDF) announced its first energy pickup truck, the BYD Shark. VinFast Auto Ltd. (VFS) may receive additional investment from its founder. Rivian offered discounts on new R1 models. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) saw a weekly gain.

Portfolio Pulse from Shanthi Rexaline

April 27, 2024 | 12:48 pm

Workhorse Group has expanded its certified dealer network by adding Milea Truck Sales and Leasing. This move is aimed at enhancing the distribution and service capabilities for Workhorse's electric vehicles.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:37 pm

Tesla faced a challenging week with job cuts, price reductions, and lowered analyst expectations, impacting its stock negatively. Rivian also announced job cuts due to the industry slowdown. Canoo received a 'Buy' rating from Benchmark, while Lucid showcased its 2024 Air Grand Touring with the longest range among US EVs. Fisker announced new dealer partnerships amid bankruptcy concerns. The KraneShares Electric Vehicles ETF saw a decline, reflecting broader market trends and specific company issues in the EV sector.

Portfolio Pulse from Shanthi Rexaline

April 20, 2024 | 1:33 pm

Electric vehicle stocks had a mixed week, with Tesla, Inc. (TSLA) ending higher despite volatility. Tesla slashed its FSD subscription price by 50% to $99/month to boost adoption. Elon Musk confirmed a visit to India to discuss Tesla's plans, potentially impacting the company's strategy in the region. Nikola Corporation (NKLA) faced a setback with shares dropping due to a boardroom battle and a proxy filing by founder Trevor Milton. Ford Motor Co. (F) reduced prices for its F-150 Lightning EV, and Volkswagen AG (VWAGY) reported diverging EV sales in Europe and China. Canoo, Inc. (GOEV) announced a pilot program with Red Sea Global in Saudi Arabia. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) saw a weekly decline.

Portfolio Pulse from Shanthi Rexaline

April 13, 2024 | 1:39 pm

Workhorse Group has expanded its dealer network by adding Ziegler Truck Group. This move is aimed at enhancing Workhorse's distribution capabilities and market reach for its electric vehicles.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:38 pm

Electric vehicle stocks experienced a sell-off in the week ending April 5, influenced by broader market trends and company-specific news. Tesla reported its first year-over-year sales decline since Q2 2020, attributing it to production transitions and disruptions. Despite this, Ark Invest purchased $76 million in Tesla shares. Rivian celebrated its 100,000th vehicle production, while Nikola exceeded Q1 delivery expectations. Ford delayed its EV production plans, and Canoo's shares plummeted after a disappointing forecast. The KraneShares Electric Vehicles ETF saw a slight increase on Friday but fell overall for the week.

Portfolio Pulse from Shanthi Rexaline

April 06, 2024 | 1:17 pm

DA Davidson analyst Michael Shlisky maintains a Neutral rating on Workhorse Group (WKHS) and lowers the price target from $1 to $0.5.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 1:38 pm

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