Adding to its surge, inexpensive WKHS stock was especially popular with Robinhood investors — Workhorse is focused on the commercial side of the EV industry, supplying electric-powered delivery vehicles for last-mile use. 1125 N. Charles St, Baltimore, MD 21201. and by October Trump will announce that WKHS gets 1/2 the contract. quotes delayed at least 15 minutes, all others at least 20 minutes. © 2020 NewAge ADS, LLC. Postal Service Contract and the Upcoming Public Flotation of Lordstown Motors To Unlock the Next Ramp-Up By Rohail Saleem 3 seconds ago

What a coincidence 30 days before the contract announcement ... (if you are waiting on word on the USPS contract). level 2. As a refresher, Lordstown Motors This comes on the heel of a string of positive announcements lately. All rights reserved. First, it was The company reaffirmed its production target of 300 to 400 vehicles for 2020, and its CEO noted:“… after acquiring the requisite various state and federal approvals in recent months, we are now the only medium duty BEV OEM permitted and able to sell and deliver our vehicles in all 50 states, which should allow us to further distance ourselves as the first movers in the last-mile EV space.”There’s no disputing the fact that Workhorse has potential. It was a penny stock as recently as May 2019 before staging a recovery. The stock closed at $20.91 on July 2.There were five primary catalysts for the explosive growth of WKHS stock.The first was the huge gains made by Tesla and Nikola stocks. As part of a deal that saw it license technology from its W15 electric pickup truck, it owns a 10% stake in EV startup Currently trading around $17, WKHS stock has potential for significant growth – especially if the company lands that lucrative USPS contract.If you want in on this EV maker and missed out on the days when it was priced under $3, now might be the time to get on board before the current plateau ends and it takes off again.Article printed from InvestorPlace Media, https://investorplace.com/2020/08/workhorse-group-wkhs-stock-seems-to-be-an-electric-vehicle-buy/.Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. In May, bidding was extended to July 14 because of the pandemic – and Workhorse was As the month wound down, the company made two announcements that added to its momentum. For instance, on the 28th of July, Workhorse announced that its C-Series all-electric delivery trucks have been deemed eligible for the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project program by the California Air Resources Board (CARB). Workhorse Group Seems to Be an Electric Vehicle Buy For instance, Tesla (However, on a more granular level, two factors seem to have produced the vast quantum of alpha for Workhorse stock. Workhorse Group Inc., the small Ohio company paired with VT Hackney to compete for the multi-billion-dollar U.S. Postal Service advanced mail truck contract, said the team has broken up. All rights reserved. In 2018, Workhorse partnered with The postal service contract – or being one of several winners – would be huge. This massive surge in value has everyone curious on … As a refresher, the USPS is Another major factor is the upcoming listing of Lordstown Motors. WKHS closer to USPS deal?? After four years under the $5 ceiling, WKHS stock suddenly shot up in June, gaining 673% in the month.Shares in the delivery and utility EV maker gave some of that back, but since July they have been trading at over $15. Postal Service to replace its aging fleet with a new line of fuel-alternative delivery vehicle. We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com Barron's article on the drone... well if true, it does not pertain to what USPS is looking for. NASDAQ: WKHS stock tumbles a further -3.12% during Thursday’s trading session Workhorse’s momentum from announcements early in the week has faded … It opened 2020 at $3.07, got pummeled in March – like virtually every other stock – and rallied to $2.63 by June 1. Postal Service (USPS) contract. Find the latest Workhorse Group, Inc. (WKHS) stock discussion in Yahoo Finance's forum. And the USPS has been on a years-long process of planning how to replace its fleet of 163,000 delivery vehicles. All rights reserved. Given that WKHS was priced as low as $1.47 in March, the gain is even more impressive.But what caused the dramatic rise in WKHS, and can the EV stock The big question about Workhorse Group is why the company’s stock suddenly took off in June.

Car & Bike article. Man Who Called 2020 Crash Makes New Prediction... 1,000% Gains This Time, Too?A former stock picker for billionaires and CEOs reveals why he believes a little-known group of stocks is due for a sudden, powerful turnaround.There are names that are immediately recognizable when it comes to electric vehicles. (USPS) 2020 InvestorPlace Media, LLC. Workhorse is also awaiting announcement on a $6.3 billion federal contract for the U.S. Workhorse (NASDAQ: WKHS) Investors Bank on U.S. Nasdaq However, as the company’s deals with UPS and Ryder have shown, an initial win doesn’t guarantee a quick payoff. Today we look at Workhorse USPS contract and Mahindra, one of the competitors, actually just dropped out of the bid for the contract … ... Its political!!! Workhorse stock (WKHS) climbed 25% last Thursday on the news that Lordstown Motors will be going public. Everyone knows That one may not ring a bell. He needs Ohio and the Votes.

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