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

Tesla faced potential Q1 delivery misses and a production halt at its Berlin factory due to suspected arson, impacting its stock. Rivian saw a surge in pre-orders for its new R2 model. Nio is launching a Model Y rival with lower costs. Ford struggles with EV transition, focusing on hybrids. Lucid's price target was halved by RBC. The KraneShares Electric Vehicles ETF fell 3.68% for the week.

Portfolio Pulse from Shanthi Rexaline

March 09, 2024 | 2:16 pm

Electric vehicle stocks saw gains, with Tesla closing above $200 for the first time since mid-February. Key events included Tesla's Roadster update and Model Y price cut reversion, Apple shelving its self-driving car project, Fisker seeking partnerships to stay afloat, Biden's administration blocking Chinese EVs due to security risks, and Canoo's shareholder approval for a reverse stock split. The KraneShares Electric Vehicles ETF also saw a weekly increase.

Portfolio Pulse from Shanthi Rexaline

March 02, 2024 | 2:21 pm

In Monday's intraday session, 11 consumer discretionary stocks showed significant movement. Notably, Interactive Strength and Sleep Number saw substantial gains, with increases of 41.0% and 18.7% respectively, attributed to recent earnings reports. Li Auto also rose by 15.77% following its Q4 earnings release. Conversely, China Liberal Education and Jeffs Brands were among the top losers, with declines of 11.0% and 10.17% respectively.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 5:31 pm

This week in the EV sector, bearish sentiment surrounded Tesla, with its stock underperforming due to a double miss in Q3 2023 earnings and price adjustments. Rivian and Lucid faced production challenges and disappointing earnings, while Ford paused F-150 Lightning shipments. Nio is testing humanoid robots for production efficiency, and Volvo plans to cut its stake in Polestar. The KraneShares Electric Vehicles ETF saw a slight decline.

Portfolio Pulse from Shanthi Rexaline

February 24, 2024 | 3:17 pm

Workhorse Group Inc. (WKHS) has expanded its dealership network in California by adding Riverview International Trucks as its fifth dealer in the state. This partnership aims to leverage Riverview's extensive experience and customer-first approach to enhance Workhorse's presence in California, particularly in the electric vehicle (EV) market. Riverview will offer Workhorse's full suite of commercialized electric trucks, benefiting from state EV incentives and HVIP approval for financial incentives.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:55 pm

In Wednesday's after-market session, several consumer discretionary stocks showed notable movements. Jeffs Brands, Kidpik, Rent the Runway, Workhorse Gr, Leslies, and Zapp Electric Vehicles were among the gainers, with increases ranging from 3.46% to 12.1%. On the downside, Rivian Automotive, Lucid Gr, JX Luxventure, Camping World Holdings, Etsy, and Cango experienced declines between 5.05% and 15.6%, with Rivian, Lucid, Camping World, and Etsy's drops attributed to their Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 9:31 pm

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

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