2. Youth Investment Group has no liability for personal financial interests or investment decisions. RECENT NEWS. Lordstown Motors Corp. CEO Steve Burns sits inside the electric pickup truck-maker's Lordstown factory in this February 2020 file photo. "Following" : "Follow"}} July 21, 2020 12:15pm 650 Comments. What’s going on? And further out on the horizon, there's still the U.S. Workhorse Appoints Chris Nordh as VP of Commercial Development Read. It is a waiting game for WKHS, and the only real catalyst, USPS deal, is … See the full prototype details here.The strong business relationship built between Morgan Olsan and USPS does pose a threat to Workhorse investors. A A. The announcement is speculated for the 13th of October, which USPS may announce the winner or winners of the Next Generation Delivery Vehicle deal. 1. Workhorse Group, a small Loveland, Ohio, electric truck builder, had teamed up with truck body maker VT Hackney. The market was expecting Workhorse to be in pole position for this contract since 2018 as it was the only company in the running with an all-electric product and this sent Workhorse stock up more than 20x over the last two years, with the bulk of the … Schrader also provided an update on the $6 billion U.S. Workhorse investors got some bad news Tuesday. by Henry Khederian. If the USPS contract award was not weeks away (I … From what we know Workhorse is the only competitor offering a complete EV transport prototype. Analysts expect a loss of … Workhorse and the USPS Contract. January 4, … Postal Service's next generation delivery … Read Next → Automotive VC fund to sell its Lucid Motors stake to CCIV, that is why stock is up. The contract award from the USPS has been delayed several times previously. Recently passed Congress bill, The Moving Forward act shows positive positioning for Workhorse in the USPS deal. Workhorse would in turn own a minority stake in Lordstown Motors. Now what. WKHS surged 12.62% on Friday as Roth Capital analyst Craig Irwin noted that Workhorse was best fit for the USPS deal. Workhorse (NASDAQ: WKHS) Tanks as the USPS Next Generation Delivery Vehicle (NGDV) Contract Now Expected To Be Announced Toward the End of 2020 By Rohail Saleem Oct 13, 2020 … Your email address will not be published. From my purely anecdotal observation, most people (well, pretty much everyone, save for a few bears) believe that Workhorse has the USPS contract in the bag. Workhorse has a minority 10 percent stake in Lordstown Motors, which will use Workhorse technology to produce the Endurance. I believe that Workhorse will receive the USPS Contract. Workhorse (NASDAQ: WKHS) Tanks as the USPS Next Generation Delivery Vehicle (NGDV) Contract Now Expected To Be Announced Toward the End of 2020 Rohail Saleem • Oct 13, 2020 … Valuation of CCIV is a lot to ...", "Two things. Workhorse stock dipped and rose all through 2020 as Wall Street waited for the Postal Service contract to be awarded. Feburary 3, 2021. But in my eyes this looks like this. Tom Colton, an outside spokesman representing Workhorse, said its plans for Lordstown aren’t contingent on winning the Postal Service contract. News zur WORKHORSE GROUP AKTIE und aktueller Realtime-Aktienkurs We Asked 1,000 Investors Why They Believe Workhorse Deserves USPS Contract The market was expecting Workhorse to be in pole position for this contract since 2018 as it was the only company in the running with an all-electric product and this sent Workhorse stock up more than 20x over the last two years, with the bulk of the … Covid-19 has delayed a USPS decision regarding replacing its delivery trucks. Bob Wood August 13, 2020 . Lordstown Motors Corp. CEO Steve Burns sits inside the electric pickup truck-maker's Lordstown factory in this February 2020 file photo. Workhorse's USPS Bid: By the end of the year, the United States Postal Service is expected to announce the winner of its Next Generation Development Vehicle contract worth $6.3 billion. Gamecrook board kings . After all, Bezos is a fan of pragmatic solutions and in a few days we will see what is going on at USPS heads. Workhorse Awaits USPS Announcement, Secures Funding businessjournaldaily.com | 10-13 Workhorse Group, an investor in Lordstown Motors, secures $200 million in financing as it awaits word on the $6 billion dollar USPS contract. Learn how your comment data is processed. Workhorse is the only contender for the deal offering an EV solution, which would aim to slash long term USPS maintenance costs. Workhorse Receives Purchase Order from Pride Group Enterprises for 6,320 C-Series All-Electric Delivery Vehicles Read. Workhorse Group Inc. tumbled as much 25% Wednesday, leading the sector lower, after reports that the U.S. 2. Workhorse stock spent the first half of 2020 plodding along around $3, then suddenly shot up starting in June. Part of investors’ interest in the WKHS story has rested on the company’s potential to land … Postal Service still has not announced a contract for its next-generation mail truck. USPS speculated to announce the winner for the Next Generation Delivery Vehicle deal on the 13th of October 2020 (not confirmed by USPS, only speculation). … From my purely anecdotal observation, most people (well, pretty much everyone, save for a few bears) believe that Workhorse has the USPS contract in the bag. Here is what is going on and why you should pay attention on your portfolio. Workhorse Group Inc () Stock Market info Recommendations: Buy or sell Workhorse Group stock? 3. You left out that the WSB poster who is bashing HYLN ...", "Can this be seen positive or negtively for a merger of CCIV and ...". The deal initially was announced for $6 billion however sources have projected the costings to be in the ball park of $8.1 billion (. NIO shares almost doubled in value, XPEV more than doubled but WKHS is hovering between $15 and $20. See the full prototype details here. Analysts argue that the WKHS stock has already “priced in” the potential USPS deal, however the Bulls believe the upside potential from the announcement will remain exponential. Workhorse Info Found ON GOVERNMENT WEBSITE! The act will put pressure on USPS to upgrade their delivery vehicles to a Zero Carbon solution. Oct. 08, 2020 9:50 AM ET Workhorse Group Inc. (WKHS) By: Clark Schultz, SA News Editor 70 Comments. 2. Key points. Recently passed Congress bill, The Moving Forward act shows positive positioning for Workhorse in the USPS deal. Wall Street Stock Market & Finance report, prediction for the future: You'll find the Workhorse Group share forecasts, stock quote and buy / sell signals below.According to present data Workhorse Group's WKHS shares and potentially its market environment have been in a bullish … Work Ahead. Workhorse Awaits USPS Announcement, Secures Funding. Workhorse Is Still a Buy Despite USPS Contract Delay, Says Analyst Marty Shtrubel. the world works. Workhorse Group (WKHS-4.1%) is lower after Fuzzy Panda Research issues a negative report. WKHS Price Action: Shares of Workhorse fell 14% to $21.75 in after-hours trading. Workhorse entered 2021 with a meager goal of delivering 1,800 vehicles this year. Workhorse stock is still up roughly 550% year to date, crushing comparable returns of the S&P 500 and Dow Jones Industrial Average. Workhorse Group (NASDAQ:WKHS 37.58 -2.29%), an Ohio-based manufacturer of EVs and utility vehicles, is under pressure currently amid reports that the U.S. With the presidential election concluded and the end of 2020 fast approaching, the U.S. By. Al Root. Work Ahead. They are a US based manufacturer. So, people at WKHS decided to show that besides know-how they also possess capacity for big orders. Interestingly, the Moving Forward act passed by Congress will require USPS to replace 75% of their existing vehicles with EV or zero carbon alternatives. 10, 2020 1:31 PM ET Workhorse Group Inc. ... "Hindenburg Research" seems to have picked a very opportune time to bash Workhorse. USPS really liked their vehicle, they think how they have a great product, but at the end of the day USPS cannot risk awarding 165,000 vehicle order to a company with 400 vehicle deliveries per year. Add Workhorse to the list of start-up electric vehicle companies that is seeing its stock bid up astronomically by retail investors.. To many investors this looks like WKHS got the USPS contract as, according to this announcement, they are accelerating production volume. Burns told the Detroit News last week that he’s looking to raise $300 million to back the effort. For more information on our referral program click here. Steve Burns, founder and CEO of Lordstown Motors, also founded Workhorse. Posted by Robert K. Reed on October 12, 2020 5 Comments. Before I begin, I remind our viewers that this is not financial advice. Everyone … Investor Presentation January 2020. However, timing during highly volatile situations will deduct some of the associated risk (opinion not advice). surely USPS is not considering a vehicle made somewhere else? the world works. WKSH Price Action: Shares of Workhorse were down 19% to $20.43 Wednesday. Postal Service as early as the second half of 2020, according to Roth Capital Partners. Postal Service's next generation delivery … Postal Service contract to consider.Investors have been waiting a good five years … 2. As we know many speculators are relying on positive news, and we can conclude positive news will only delay the volume of speculators cashing inAnother popular scenario is that USPS will further delay the announcement or not announce any progression on the deal at all. Jul. But Workhorse is the only contract bidder offering an all-electric option to replace the agency's iconic white right-hand-drive delivery trucks. A hybrid delivery vehicle designed by Karsan Otomotive and manufactured by USPS longstanding business partner Morgan Olsen. Despite such a poor performance, Workhorse currently trades at a market cap of more than $2.5 billion simply due to the fact that the USPS contract is still in play. Disclosure - Disclaimer - Privacy Policy - Terms and Conditions. This presentation includes forward-looking statements. January 4, … On top of this,at the moment Workhorse seeks 8 new employees. Details regarding the current prototypes haven’t been disclosed in full detail yet. Entire EV sector was on the run for the past 10 days. By Thomas Niel Nov 18, 2020, 10:53 am EST November 18, 2020 So far this month, Workhorse (NASDAQ: WKHS ) has reversed some of the decline its shares saw in October. Workhorse USPS Contract Leaked?? by Henry Khederian. However, Ford have gigantic manufacturing capabilities of which outnumbers Workhorse tremendously. Work Ahead. Required fields are marked *. Covid-19 has delayed a USPS decision regarding replacing its delivery trucks. Work Ahead. Automotive SNPR stock pops on Volta Industries merger news. If Oshkosh/Ford are putting forward a diesel prototype, the Moving Forward Act may have an external impact on USPS decision. Postal Service (“USPS”) announced yet … Work Ahead ™ Work Ahead. License. Workhorse won an initial contract from USPS in September 2016 to build and deliver six prototype vehicles. But it said VT Hackney has dropped out of the project, leaving Workhorse … NIO stock news triggers 20% rally – will the bulls survive 2020? USPS speculated to announce the winner for the Next Generation Delivery Vehicle deal on the 13th of October 2020 (not confirmed by USPS, only speculation). Private Securities Litigation Reform Act … Stake is one of the leading US trading platforms for Australian and UK investors. Gamecrook board kings . Dec 04, 2020. Everyone who is anyone was expecting some kind of news on Monday morning when it comes to Workhorse (WKHS) stock. "The covid-19 … The bill will also prohibit USPS in purchasing the current delivery vehicle models (Grumman Long Life Vehicle) by 2040. The USPS has been in talks with companies like Workhorse and Ford since 2018 and has been working closely with them for testing. Dec 2, 2020 10:08 AM EST Workhorse Group ( WKHS ) - Get Report shares fell after a report that the U.S. Tom Colton, an outside spokesman representing Workhorse, said its plans for Lordstown aren’t contingent on winning the Postal Service contract. Workhorse Stock Plummets as USPS Delays Decision on Contract . Workhorse's USPS Bid: By the end of the year, the United States Postal Service is expected to announce the winner of its Next Generation Development Vehicle contract worth $6.3 billion. Save my name, email, and website in this browser for the next time I comment. The company had COVID-19 issues impacting production and capacity goals for 2020, but the market probably expected a far larger goal for a company trying to obtain part of a contract with the USPS for 165,000 EV delivery trucks. Updated Dec. 2, 2020 12:09 pm ET / Original Dec. 2, 2020 8:15 am ET Order Reprints Print Article Text size. Indeed, if Workhorse doesn’t win the USPS contract, then WKHS stock is wildly overvalued today. Some other country??? The information above is not financial advice. You should make your own investment decisions based upon your own research and what you believe is best for you. After months of speculation surrounding the USPS deal, investors are eager for an announcement next week. Workhorse Appoints Chris Nordh as VP of Commercial Development Read. See more from Benzinga Workhorse has been a prime beneficiary, with shares up by a massive 645% since the turn of the year. Investors pummeled Workhorse Group (NASDAQ: WKHS) shares Wednesday after the U.S. The USPS Contract. License. Workhorse Group Is a Buy Even with the USPS Contract Delay Use weakness in WKHS stock as a buy opportunity for this electric-vehicle company By Ian Cooper Oct 23, 2020, 3:20 pm EST October 23, 2020 . We Asked 1,000 Investors Why They Believe Workhorse Deserves USPS Contract. Postal Service further delayed a contract for new mail … Misleading title, your opinion (or hope) with no facts to back it up… Smells like short seller who is getting squeezed. Plus: Highlights from the 13th Ohio congressional district debate, and what are the odds we have two, not one, but two stories about murals? Workhorse would in turn own a minority stake in Lordstown Motors. Cautionary Note Regarding Forward Looking Statements . Automotive Arcimoto (FUV) invests $10M into new production facility in Eugene, OR. Workhorse Awaits USPS Announcement, Secures Funding. RECENT NEWS. There is no doubt this will be a mammoth week for WKHS investors, and we will continue to cover the events as they unfold this week. I nvestors have shown a lot of love for all manner of electric vehicle manufacturers in 2020. The market will have one day prior to the speculated announcement, which pre-market suggests speculators are keen on making a bet on the deal. If the postal service truly adopted a long-term commitment to mail delays, then not updating its fleet certainly fits the script. The prototype delivery van is to operate with two ports, one for convential petroleum and the other a plug-in for electricity. Workhorse Group Inc WKHS 2.32% could be awarded the Next Generation Delivery Vehicle contract by the U.S. We Asked 1,000 Investors Why They Believe Workhorse Deserves USPS Contract. Nov 3, 2020 at 12:33PM ... First and foremost, Workhorse is gearing up to report third-quarter results on Nov. 9. "I think the deal is done. Enter your email address to subscribe to Idaho Reporter and receive latest news by email. Plus: Highlights from the 13th Ohio congressional district debate, and what are the odds we have two, not one, but two stories about murals? Investors have shown a lot of love for all manner of electric vehicle manufacturers in 2020. The money they get today (or in the days to follow) will be used “to increase and accelerate production volume, advance new products to market, replace previous higher cost financings, and support current working capital and other general corporate purposes”. It was widely expected that USPS contract decision will take place on October 13, but Workhorse today announced that it has entered into a note purchase agreement under which it will sell almost $200M aggregate principal amount of its 4.0% Senior Secured Convertible Notes due 2024 to two institutional lenders. We know after the announcement, if Workhorse are unsuccessful then the stock will deduct its “priced in” value which may be detrimental. I believe that Workhorse will receive the USPS Contract. Wayne Duggan, Benzinga Staff Writer {{following ? The U.S. Very poor effort and analysis in this article Bob …. Kenworth w900a. Shares of Workhorse Group (NASDAQ:WKHS) are under pressure, again. Pharmaceutical and Biotechnological Stocks, Pharmaceutical and Biotechnological Stocks (81), Lets Talk Money with Tyger Fitzpatrick (37). Workhorse CFO Talks USPS Contract, Says Company Has 2-Year Lead On Competitors. (Photo provided) LORDSTOWN — Lordstown Motors Corp. could see $800 million in potential revenue if Cincinnati-based electric vehicle maker Workhorse Group lands an $8.1 billion contract to supply the U.S. February 18, 2021 10:59 am. The USPS has been in talks with companies like Workhorse and Ford since 2018 and has been working closely with them for testing. December 2, 2020, 7:19 AM EST Workhorse plummets after USPS delays mail van contract China’s Li Auto plans 47-million share secondary offering According to linked sources the Karsan/Morgan Olsan is a hybrid prototype and Ford/Oshkosh is completely diesel. This site uses Akismet to reduce spam. Workhorse Group Is a Buy Even with the USPS Contract Delay Use weakness in WKHS stock as a buy opportunity for this electric-vehicle company By Ian Cooper Oct 23, 2020, 3:20 pm EST October 23, 2020 . These statements are made under the "safe harbor" provisions of the U.S. Kenworth w900a. Shares of Workhorse cratered around 23% at the close of the trading session on Dec 1, as the U.S. The Next Generation Delivery Vehicle (NGDV) will replace the Grumman Long Life Vehicle for the USPS in … Disclaimer: The author of this article is currently holding a short term position in Workhorse (NASDAQ:WKHS) at $24.45 a share. See instructions on how to get started here. Work Ahead ™ Work Ahead. Workhorse is changing the way . Workhorse is one of three remaining contenders for the award. Burns told the Detroit News last week that he’s looking to raise $300 million to back the effort. Workhorse, with a VGM Score of F, has been witnessing downward estimate revisions of late. Workhorse investors got some bad news Tuesday. If Workhorse land this deal, analysts expect the stock to explode. Feburary 3, 2021. Workhorse and the USPS Contract. At worst, Workhorse … This could see speculators shed their holdings immediately and the stock price feeling a strong hit. October 13, 2020: Workhorse Group, an investor in Lordstown Motors, secures $200 million in financing as it awaits word on the $6 billion dollar USPS contract. Instead, the information is investment commentary from extensive research. This article will breakdown all the key information you need to know as we edge closer to the announcement date. Postal Service contract for its next … Workhorse Group Inc (NASDAQ: WKHS) could be awarded the Next Generation Delivery Vehicle contract by the U.S. Workhorse Q3 2020 Earnings – the Stock Surges on the back of a Fresh Order of 500 All-Electric C-1000 Delivery Vehicles By Rohail Saleem Nov 9, 2020 09:25 EST So far in June, shares of Workhorse … 3. USPS decided not to go with Workhorse (WKHS) after all? Recap why WKHS will win USPS or share anx gain huge momentum for 2020, 2021 * 2 players in final bid * USPS Contract 0, 25, 50, 75 or 100 % is what WKHS will …

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