Workhorse Group (WKHS) Reports Q4 Loss, Misses Revenue Estimates. Workhorse (WKHS) delivered earnings and revenue surprises of -707.14% and 884.04%, respectively, for the quarter ended December 2021.
Similarly, Will workhorse stock go up?
Struggling electric vehicle (EV) maker Workhorse Group (WKHS) has seen its stock price rise 42% over the last week and today (22 March) is priced at $4.43. Sentiment has turned towards tech stocks with the Nasdaq Composite rising 8% in that time.
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Workhorse stock news.
| Long position overnight fee | -0.0225% |
|---|---|
| Spread | 1.49 |
What is the target price for workhorse? Stock Price Targets
| High | $11.00 |
|---|---|
| Median | $6.00 |
| Low | $5.00 |
| Average | $6.75 |
| Current Price | $3.8200 |
Thereof, Is workhorse stock a buy or sell?
Workhorse Group has received a consensus rating of Buy. The company’s average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.
Will workhorse get the USPS contract?
WASHINGTON, Sept 14 (Reuters) – Electric vehicle company Workhorse Group (WKHS. O) voluntarily dismissed on Tuesday its legal challenge against a U.S. Postal Service (USPS) move to award a multibillion-dollar contract to Oshkosh Defense (OSK. N) for delivery vehicles.
How much is a workhorse truck?
Workhorse unveils its plug-in electric W-15 pickup truck: $52,000 and 60 kWh battery pack. Last month, Workhorse showed the chassis and plug-in hybrid powertrain of its upcoming electric truck and this week, it unveiled the whole thing.
How workhorse can survive?
Workhorse has bled money for years but was able to survive thanks to loans from hedge funds and by selling off parts of its business. The best example of that is Lordstown Motors, an electric pickup truck startup created by former Workhorse CEO (and founder) Steve Burns.
Does Ford own Oshkosh?
Oshkosh Defense president John Bryant shared in a statement to Green Car Reports: « One of those suppliers is Ford Component Sales (a wholly owned subsidiary of Ford Motor Company), providing components across both ICE and BEV models including powertrain, drive train, suspension, and cabin interior components.
What happened with workhorse meeting with USPS?
WKHS, -5.12% said Thursday that it met with U.S. Postal Service representatives on March 3, to discuss why the electric vehicle maker missed out on a Next Generation Delivery Vehicle contract, which was awarded to Oshkosh Corp. … Missing out on the USPS contract had sent Workhorse’s stock plunging 47.5% on Feb.
Does GM own Workhorse?
Existing shareholders—including Workhorse—will own about 50% of the company post merger. Workhorse still has a 10% stake in Lordstown, post-SPAC acquisition. General Motors (GM) is also investing $75 million in the company as part of the deal.
Who makes the Workhorse engine?
Navistar acquired Workhorse seven years ago.
How long is a p42 Workhorse?
Length: 25 feet. Height: ceiling height 84″
Why did Oshkosh get USPS contract?
The U.S. Postal Service has awarded Oshkosh Defense the contract to replace the aging Grumman LLV trucks that are currently delivering mail across the country. The contract includes an initial $482 million investment from the USPS to finalize the design of the Next Generation Delivery Vehicle (NGDV).
Who wins USPS truck?
In February, the U.S. Postal Service awarded a deal for up to 165,000 new mail trucks worth up to $6 billion to defense contractor Oshkosh. The search for new delivery vehicles took the USPS around seven years, and once the Internet learned what the quirky new van would look like, much merriment ensued.
Who got USPS EV contract?
For a while, it looked like the new fleet might be made up of mostly electric vehicles, but when the contract for the new mail trucks was awarded to Oshkosh Defense in the spring of 2021, the USPS said only 10 percent of the new mail trucks might be electric.
Are USPS trucks Diesel?
In February 2021, the United States Postal Service made a controversial decision to replace its fleet of aging and inefficient mail trucks with a new fleet made up almost entirely of new, inefficient diesel mail trucks.
Who manufactures USPS?
Grumman LLV
| Grumman Long Life Vehicle | |
|---|---|
| Manufacturer | Grumman |
| Also called | USPS Mail truck |
| Production | 1987–1994 |
| Assembly | Montgomery, Pennsylvania |
Who makes new USPS vans?
The U.S. Postal Service has awarded Oshkosh Defense the contract to replace the aging Grumman LLV trucks that are currently delivering mail across the country. The contract includes an initial $482 million investment from the USPS to finalize the design of the Next Generation Delivery Vehicle (NGDV).
Did Oshkosh get the USPS contract?
Oshkosh Defense, an Oshkosh Corp. subsidiary, won the 10-year contract to build a new generation of postal trucks almost a year ago.
Did Oshkosh get the entire USPS contract?
The U.S. Postal Service has awarded Oshkosh Defense the contract to replace the aging Grumman LLV trucks that are currently delivering mail across the country. The contract includes an initial $482 million investment from the USPS to finalize the design of the Next Generation Delivery Vehicle (NGDV).
Will Oshkosh get USPS contract?
Oshkosh Defense won the contract in February 2021 to produce 50,000 to 165,000 gasoline- and electric-powered NGDVs for USPS, estimated to be worth more than $11 billion.
Is Workhorse a Chinese company?
Workhorse Group Incorporated, originally AMP Electric Vehicles, is an original equipment manufacturer and technology company headquartered in Cincinnati, Ohio, United States of America. Workhorse makes electric delivery vans, drones, and telematics software designed for last-mile delivery.
Does Ark invest still own Workhorse?
ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 1,507,061 shares of Workhorse.
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Cathie Wood’s ARK Invest Sells Over 1.5 Million Shares of Workhorse.
| Fund | ARKK |
|---|---|
| Ticker | HUYA |
| Company | HUYA INC |
| Shares | 568,900 |
• 12 mai 2021
Is Workhorse a real company?
Still, he said, “we are a real company and not a PowerPoint EV company,” as he guided investors through the presentation. Dauch took over as CEO of Workhorse in July, at a time when the EV startup was in disarray.
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