Many Workhorse bulls are counting on the potential US Postal Service contract to be the panacea that cures all ills. Even After Weak Sales Workhorse Stock Is a Buy on More Than HypeShow full articles without "Continue Reading" button for {0} hours. Further, Workhorse has been working out the kinks in its drone delivery van combination. Currently priced at $17.43, WKHS sports a rich market cap of $1.8B with no real revenues, solely based on aggressive future expectations. The company’s Q2 revenues moved to $92,000, which is nearly nothing of course.The note here is that investors don’t have any fundamental reason to go out purchase Workhorse stock compared to Q1. I’d guess that Workhorse won’t be defined by how much of the initial USPS contract it receives. Workhorse decided to discontinue plans to produce it recently. This contract is a chance for each finalist to prove its vehicles and then garner more of that $6 billion over time. That is, this is not a winner take all situation. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. Workhorse Group Inc. (NASDAQ:WKHS) is a technology company focused on providing electric mobility solutions to the transportation sector. Therefore, a case is beginning to build for a WKHS stock purchase. However, Workhorse stands to gain a lot as this time is essentially a complete fleet overhaul. But now that one less finalist is in the running for the USPS fleet contract, I’m thinking differently. Meanwhile, Workhorse has its eye on a big $6 billion contract that the U.S. I also feel that being the only all-electric candidate indicates they may get a big portion. Perhaps now is the time to buy WKHS stock. Overall, Workhorse is a step closer to reaping some of the contract and markets should respond in kind. Workhorse did move on news regarding Investors who’ve been following Workhorse for some time will remember its W-15 pickup truck. Not only would it give Workhorse some … The competitive bidding process for the USPS contract would lead to substantial losses for Workhorse to win the contract. Last week, I mentioned that one of my hottest recommendations was going after a lucrative contract with the United States Postal Service, which is planning to drop $6.3 billion to modernize its fleet.

So in any scenario, Workhorse loses, and the $1.8B bubble eventually will deflate. That made me feel that they were being pumped up too much.

The USPS award is going to be one of, if not the most important driver of Workhorse’s near-term progress. Nothing has changed from a financial perspective. There are many benefits to be had from a major contract win like that with the USPS. Second, Workhorse will receive a royalty fee for each Lordstown truck which is delivered.The most likely catalyst that could send WKHS stock skyward is a contract with the U.S. Investors can at least make some educated guesses regarding a potential contract allocation based on drivetrain configurations. The stock is Workhorse Group (WKHS), and it rocketed 7X higher on the electric truck craze.My subscribers have locked in average gains of 385% on two-thirds of our initial position – in … Workhorse Group Inc (NASDAQ: WKHS) could be awarded the Next Generation Delivery Vehicle contract by the U.S. Workhorse and partner VT Hackney are among five finalists for the $6.3 billion contract. What if WKHS is holding back all news because they can't release it without revealing what they know about the USPS contract?

Buy.Mississippi state flag, Fort Hood leadership change, Thunder-Rockets: 5 things to know WednesdayWalmart has the 'secret sauce' for a profitable online business, former CEO says Postal Service. First, it gained 2 years of non-dilutable equity stake in Lordstown Motors. The risks seem too high. It would seem unlikely that the USPS will allocate 100% of the contract to Workhorse. Workhorse (NASDAQ: WKHS) Investors Bank on U.S. The USPS’ $6 billion award is going to distributed over a 5 or 6 year period. It is starting to look like the potential for such movement might be materializing. But Workhorse probably won’t suffer for it. I’m starting to believe they have to at least get some portion of the award, so they’re bound to jump. Postal Service (USPS) is planning to award later this year. Post-Market 0.10 (0.61%) Production contract speculation is focused on the next-generation U.S. What if WKHS is holding back all news because they can't release it without revealing what they know about the USPS contract? Yet, it seems like there is news afoot which improves Workhorse’s chances of winning the USPS fleet contract. Currently priced at $17.43, WKHS sports a rich market cap of $1.8B with no real revenues, solely based on aggressive future expectations. Once the award is announced, stock prices will move.

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