The competitive bidding process for the USPS contract would lead to substantial losses for Workhorse to win the contract. Even After Weak Sales Workhorse Stock Is a Buy on More Than HypeShow full articles without "Continue Reading" button for {0} hours. There are many benefits to be had from a major contract win like that with the USPS. But Workhorse probably won’t suffer for it. 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 did move on news regarding Investors who’ve been following Workhorse for some time will remember its W-15 pickup truck. I’d guess that Workhorse won’t be defined by how much of the initial USPS contract it receives. Currently priced at $17.43, WKHS sports a rich market cap of $1.8B with no real revenues, solely based on aggressive future expectations. Workhorse (NASDAQ: WKHS) Investors Bank on U.S. That is, this is not a winner take all situation. What if WKHS is holding back all news because they can't release it without revealing what they know about the USPS contract? The Bottom Line on WKHS. Therefore, a case is beginning to build for a WKHS stock purchase. Workhorse reported $84,000 in sales at the end of Q1 ‘20. Rather, I think Workhorse stock will really benefit if and when its vans prove themselves for the USPS. Postal Service as early as the second half of …
Therefore, a case is beginning to build for a WKHS stock purchase. The more I read about the company, the more certain I feel that they will be able to turn it into a win. The three remaining finalists are not all electric vehicles. The company has strategically put itself in a strong position in a niche area of the young EV market. Investors can at least make some educated guesses regarding a potential contract allocation based on drivetrain configurations. First, it gained 2 years of non-dilutable equity stake in Lordstown Motors. Postal Service. When I last wrote about Workhorse, I was skeptical based on super low sales. I also feel that being the only all-electric candidate indicates they may get a big portion. Workhorse Group Inc. (NASDAQ:WKHS) is a technology company focused on providing electric mobility solutions to the transportation sector.
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. Overall, Workhorse is a step closer to reaping some of the contract and markets should respond in kind. Nothing has changed from a financial perspective. Yet, it seems like there is news afoot which improves Workhorse’s chances of winning the USPS fleet contract.
This contract is a chance for each finalist to prove its vehicles and then garner more of that $6 billion over time. Currently priced at $17.43, WKHS sports a rich market cap of $1.8B with no real revenues, solely based on aggressive future expectations. Postal Service delivery vehicle. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. 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
The USPS’ $6 billion award is going to distributed over a 5 or 6 year period. Post-Market 0.10 (0.61%) Therefore, Workhorse’s chances just increased, at least nominally.
Karman/Morgan Olson’s vehicle is a plug-in hybrid. Bears doubt that Workhorse can ever become a profitable vehicle producer to the extent that it would justify today's valuation. It would seem unlikely that the USPS will allocate 100% of the contract to Workhorse. So in any scenario, Workhorse loses, and the $1.8B bubble eventually will deflate. 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. Once the award is announced, stock prices will move. 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. WKHS 16.39 0.37 (2.18%). Postal Service Contract and the Upcoming Public Flotation of Lordstown Motors To Unlock the Next Ramp-Up By Rohail Saleem 3 seconds ago