The stock, which was at one point up over 900% this year, has lost roughly half of its value in the last two weeks as. 08-02 tipranks. The electric-truck builder said today that it. A loss could send shares cratering. Nevertheless, WKHS stock is more than just the USPS contract. Overall, three. Beyond the question marks over the USPS contract, a report from GuruFocus. But almost 70 percent of the LLVs on urban and rural routes are now between 25 and 32 years old, and maintenance costs are high. While October 13th marked the original date that the contract was to be decided, USPS has delayed its decision potentially another two months. Postal Service has "modified" its timeline to pick a replacement for the iconic Grumman LLV delivery truck, an agency spokeswoman said. Workhorse (NASDAQ: WKHS) stock is making a comeback, up more than 80% in the past month. He recently downgraded WKHS stock from a buy to a hold, with a target cut to $27. Their forecasts range from $8. USA is scheduled for September 15th, 2021, 2:00pm in Washington DC. The downside catalyst could be the US Postal Service contract decision that is expected before the end of March. Fuzzy Panda Research describes itself as a short seller on its website. The immense selling in WKHS stock came after the electric delivery van maker lost a multi-billion dollar U. View Historical Data. Publish date: Oct 13, 2020 10:43 AM EDT Workhorse Downgraded on Concerns Over Postal Service Contract Timing. 96, currently the stock is down 53% year-to-date because of the extremely high Short Interest on the stock which is around 38%. Hey, welcome back to YT finance and today we are talking about workhorse stock, the new USPS contract date, Tesla Stock, NIO stock, and Lucid Motors. HUGE WKHS News! It appears that there may be potential evidence of Workhorse being a recipient of the USPS NGDV contract, or at least part of it. The date for shareholders to vote on the. On the date of. No attacking others or spamming with non-related content, no pumping other stocks, and no promoting your for-profit services and private discord groups. A group of 50 Democratic lawmakers is pressuring President Biden to remove all existing members of the U. My positions: 600 shares at $34 cost basis, $32C LEAPs 1/2022, $32C’s at 2/12, 2/19, 3/19 Total position is worth around 30,000 right now and about 40% of my single-registered. Kevin breaks down the short seller allegations, and gives his opinion on their merit. 5 billion market cap. Postal Service contract to manufacture its next generation of delivery trucks, an award that. The Loveland, Ohio-based Workhorse was stunned last week when the Postal Service awarded a 10-year contract initially worth $482 million to the Wisconsin company. For roadside assistance from 7:00 a. The agency said Tuesday that it awarded a 10-year, multibillion-dollar contract to Wisconsin-based. That set the stage for the company winning the USPS contract. 30%), an Ohio-based manufacturer of EVs and utility vehicles, is under pressure currently amid reports that the U. While the contract was delayed, it’s a temporary setback. In a filing, the agency said it moved the deadline for four separate company teams to provide contract proposals to build the new truck until July 14. (OSK) over Workhorse for a $6 billion next-generation delivery vehicle contract to revamp and. In September 2017, Workhorse delivered six vehicles for prototype testing under the NGDV Acquisition Program in compliance with the terms set forth in their USPS prototype contract. The USPS is in the process of replacing its iconic yet aging white right-hand-drive delivery trucks and Workhorse is the only contract bidder left offering an all-electric option. Workhorse Could See All or Part of the USPS Award. 1 billion USPS contract award decision has been delayed beyond the US Presidential Election date, adding a new layer of risk to an already dicey bet. Postal Service contract, which could be awarded soon. Another event also impacted Workhorse stock Friday. " This letter responds to your request, dated and received in this office on May 19, 2021, for "records reflecting any summaries, memoranda, analyses, directives, or guidance concerning the February 2021 purchase of 524,000 shares of Oshkosh Corporation stock" from January 27, 2021 to the date of the search. Prior to the U. Workhorse Group ( NASDAQ:WKHS) isn't going away quietly after losing a $6 billion contract from the U. Postal Service making its. Postal Service to award $6. WKHS stock closed today trading at $11. While the contract was delayed, it’s a temporary setback. Postal Service as early as the second half of 2020, according to Roth Capital Partners. Postal Service will soon award a $6. July, 2021. com, never stop at only searching usps contract wkhs , please look for any job you want, for both you and your friends and anyone. M_Alias}} {{bbMessage. Wkhs usps contract date Wkhs usps contract date. But their long life is coming to an end as the USPS is going deeper into debt. 7Meeting to be conducted by live audio webcastWASHINGTON, DC — The U. Workhorse Q2 sales $1. For the readers interested in the stock health of Workhorse Group Inc. 31, 2021 (GLOBE NEWSWIRE) -- Workhorse Group Inc. Shares jumped almost 13% Friday Oct. Postal Service Board of Governors. Recent Pullback Makes Workhorse Stock Very Enticing. WKHS stock is down 46% since the Feb. One of the factors that favored WKSH was the company's inclusion into the broad-market Russell 3000 Index in June. Workhorse Group ( NASDAQ:WKHS) isn't going away quietly after losing a $6 billion contract from the U. Another event also impacted Workhorse stock Friday. Aug 14, 2020 — Feb 23, 2021 · Per the USPS announcement, the Oshkosh contract is an indefinite Workhorse (NASDAQ: WKHS) Tanks as the USPS Next Generation. In February 2021, the contract was awarded to Oshkosh Defense. 1 billion U. As per the contract, earlier reports suggested that of the 50,000 to 165,000 vehicles that are to be developed for the U. TLDR: WKHS should win the USPS contract and their short term viability relies on it. WORKHORSE GROUP 72 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against Workhorse Group, Inc. 22 at 1:18 p. (ET), Monday through Friday, contact the GSA Fleet MCC at 866-400-0411 and choose option 1. There's no doubt about it. Postal Service (USPS) decision in February to award a multibillion-dollar, 10-year contract to Oshkosh Defense to manufacture a new generation of postal delivery vehicles. Manage Contracts and Orders; Support. Wkhs usps contract date. 13, but pared an “Given [Workhorse] missing the U. Start your free 7-Day Trial. WKHS is largely focused on "last mile" delivery vehicles that typically. The company also develops cloud-based and real-time telematics performance monitoring systems that enable fleet operators to optimize energy and route efficiency. Specifically, much of the hype surrounding Workhorse stock in 2020 has centered around the company winning a 165,000 unit, $8. WKHS Workhorse Group Inc Oshkosh soars, Workhorse sinks after USPS contract announcement Workhorse sinks after USPS contract announcement February 23 2021 - 03:19PM From Aug 2020 to Aug 2021 Latest WKHS Messages {{bbMessage. Pushing the Envelope: The USPS Long Life Vehicle. Another event also impacted Workhorse stock Friday. The day's price range saw the stock hit a low of $10. Much of the sell of had occurred after the U. Bragar Eagel & Squire, P. WORKHORSE USPS CONTRACT ANNOUNCEMENT DATE? PRICE TARGET? WKHS STOCK BREAKDOWN!This video is going to go into on Workhorse Group Inc. Postal Service to replace its. Workhorse was one of the finalists for the United States Postal Service 10-year contract for the Next Generation Delivery Vehicle (NGDV) to replace 165,000 of the aging and outdated Grumman LLV used by USPS since 1987. By Josh Enomoto, InvestorPlace Contributor Jul 23, 2021, 3:56 pm EDT. Search for: Uncategorized wkhs usps contract. TLDR: WKHS should win the USPS contract and their short term viability relies on it. OSK is a defense contractor that also makes futuristic delivery vehicles. Feb 24, 2021 — Workhorse Group (WKHS) lost the race for a key contract with the U. 71 per share, given expected sales, and its stake in Lordstown Motors. Workhorse is in one of the fastest-growing industries and is involved in a unique niche in the space. According to Roth Capital, the $8. 3 billion USPS mail truck contract, will buy certain assets from bid partner, VT Hackney; says relationship inactive. defense officials want to be admitted to an internal European Union project aimed at easing the flow of military forces across the continent. He also bre. Workhorse Working to Maintain its Growth TipRanks - 8/16/2021 4:09:08 AM: Workhorse Enters into Pilot Program with the USDA's Natural Resources Conservation Service for its Small Unmanned Aerial Systems GlobeNewswire Inc. NASDAQ: WKHS $9. Postal Service pushed back a plan to award an expected $6 billion in contracts for the next-generation mail truck later this year. While the contract was delayed, it's a temporary setback. 93B, as it employees total of 130 workers. Market Mover. Breaking Down WKHS. Postal Service earlier this year to award a multibillion-dollar, 10-year contract to Oshkosh Defense to manufacture a new generation of postal delivery vehicles. While the possible USPS order is certainly a major driver of growth for Workhorse’s stock, there’s no guarantee that the company will be able to win the whole $6. The stock WKHS, +1. Postal Service making its. You can buy and sell Workhorse (WKHS) and other stocks, ETFs, and options commission-free on Robinhood with real-time quotes, market data, and relevant news. Workhorse Files Formal Complaint Regarding USPS NGDV Contract Workhorse Group Inc. Workhorse Group Inc. Workhorse's stock price plunged after it failed to win a major contract from the US Postal Service. Investors with a better memory would remember USPS has dangled this prospect since 2014. The chairwoman of the House Oversight and Reform Committee on Friday demanded the U. The date for shareholders to vote on the. Workhorse also reported a net loss of $43. The New York Times published an article on February 24, 2021, entitled: Losing Bid for Postal Contract Proves Costly for Electric-Vehicle Maker. The USPS Contract. After the aforementioned USPS contract news, Workhorse shares plunged about 50% in a single day. The agency said Tuesday that it awarded a 10-year, multibillion-dollar contract to Wisconsin-based. Short Report On Workhouse. This is one stock that. Workhorse (NASDAQ: WKHS ) stock has been a stellar performer, rising over 13x from. Filter stock price historical data by date with the ability to view Opens, Highs, Lows, Closes, VWAPs, Volume % Change, Change, Trade Value and Trades. Shares of Workhorse Group (WKHS) are in focus ahead of next week's expected decision from the United States Postal Service on its selection for the supplier of its Next Generation Delivery Vehicle. 3 billion in work for the winning bidder. Roth Capital downgrades Workhorse Group to neutral from buy. COLOGNE, Germany - U. In February 2021, the contract was awarded to Oshkosh Defense. (Nasdaq: WKHS) Workhorse won an initial contract from USPS in September 2016 to build and deliver six prototype vehicles. A detailed technical analysis through moving averages buy/sell. Therefore, I think it’s a mitigated buy. Company's stock value dipped to $10. A loss could send shares cratering. will win the $8. com WKHS stock is still in a downtrend, as it has not risen. O) filed a legal challenge on Wednesday to the U. Their chassis is a structural framework that is seen in food-service delivery trucks and. News Release. 1 billion U. Usps-contract-wkhs. Workhorse Group (NASDAQ: WKHS) expects a "prolonged process" to alter the U. Workhorse's loss of U. We can do this!! Workhorse for the win!!!🚀💪🏻💎. Postal Service contract entirely, and facing a choppy supply. by AncientTiger. What Happened: The USPS is delaying its. Workhorse stock (ticker: WKHS) is down 13% to $23. WKHS USPS Failure - Exactly as Predicted. According to present data Workhorse Group's WKHS shares and potentially its market environment have been in bearish cycle last 12 months (if. It also claims Oshkosh. The company has a market cap of just $1. 3 billion deal with the USPS is still on investor's minds as well and if Workhorse Group Inc. 3 billion contract to build its new mail trucks to next year due to challenges posed by the coronavirus. By Josh Enomoto, InvestorPlace Contributor Jul 23, 2021, 3:56 pm EDT. July 14th - WKHS 1 of 4 finalist - 3 remain Mahindra dropped out. Workhorse stock spent the first half of 2020 plodding along around $3, then suddenly shot up starting in June. USPS has also since suggested splitting the contract into smaller pieces. Shreya Biswas is a multimedia journalist with a degree from the Asian College of Journalism. Roth Capital downgrades Workhorse Group to neutral from buy. The company report on June 17, 2021 that Workhorse Files Formal Complaint Regarding USPS NGDV Contract. WKHS USPS Failure - Exactly as Predicted. A place to share hard news, DD, and any WKHS/LMC related topics and events. But their long life is coming to an end as the USPS is going deeper into debt. Workhorse stock (ticker: WKHS) is down 13% to $23. While October 13th marked the original date that the contract was to be decided, USPS has delayed its decision potentially another two months. •11,285 Shares of WKHS at an average of $9. The electric-truck maker's sales, never really robust at any point in its 12-year history, totaled all of $6,000 in the quarter. Electric vehicle company Workhorse Group (WKHS. Shares of Workhorse Group Inc (NASDAQ: WKHS) have been volatile of late. The delay of the USPS decision. According to present data Workhorse Group's WKHS shares and potentially its market environment have been in bearish cycle last 12 months (if. Therefore, I think it's a mitigated buy. From February 2020 to February 2021, WKHS posted a phenomenal 1,260% gain. It is due to start delivering mail and packages in 2023. Exit Full Screen. Other Robinhood Financial fees may apply, check rbnhd. Roadside Assistance. 1B NGDV production contract on Tuesday, October 13. Workhorse's (WKHS) all time high was $42. But their long life is coming to an end as the USPS is going deeper into debt. Think that should go up close to $20 EOY. By searching usps contract wkhs on Ecityworks, not only can you save time on job seeking but also can find the most satisfactory job. 71 per share, given expected sales, and its stake in Lordstown Motors. Postal Service to award $6. According to Kim Frum​, Jun 28, 2021 — The company lost a $6 billion contract with the U. That set the stage for the company winning the USPS contract. By the end of June, WKHS stock had surpassed its all-time record. Workhorse stock spent the first half of 2020 plodding along around $3, then suddenly shot up starting in June. 9, 2021 at 9:05 a. The stock WKHS, +1. It had run up to top $41 by early February. The chairwoman of the House Oversight and Reform Committee on Friday demanded the U. My positions: 600 shares at $34 cost basis, $32C LEAPs 1/2022, $32C's at 2/12, 2/19, 3/19 Total position is worth around 30,000 right now and about 40% of my single-registered. July, 2021. USPS DECISION DUE OCTOBER 13: The Post Office is expected to decide on the $8. The electric-truck builder said today that it. The agency said Tuesday that it awarded a 10-year, multibillion-dollar contract to Wisconsin-based. The USPS' decision is expected on Tuesday, October 13. 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 10:15 EDT. (WKHS) recorded performance in the market was -28. That's about $70 a day, give or take. Cost of sales for the three months ended March 31, 2021 and 2020 were $6. As per the contract, earlier reports suggested that of the 50,000 to 165,000 vehicles that are to be developed for the U. Shares of Workhorse Group (NASDAQ: WKHS) are down in after-hours trading Tuesday on news of a delay for the long-awaited U. Here are the important dates moving forward. Roth Capital downgrades Workhorse Group to neutral from buy. Workhorse Stock MASSIVE news! WKHS stock accused of fraud. 4% year-over-year revenue growth, but with sales of just $1. 46 per share, which is a long way from its all-time high of $40. (Nasdaq: WKHS) Workhorse won an initial contract from USPS in September 2016 to build and deliver six prototype vehicles. No attacking others or spamming with non-related content, no pumping other stocks, and no promoting your for-profit services and private discord groups. However, financials for the company. Workhorse Could See All or Part of the USPS Award. Loveland-based Workhorse Group Inc. July 23, 2021. [email protected] The company report on June 17, 2021 that Workhorse Files Formal Complaint Regarding USPS NGDV Contract. The potential $6. After losing the bid, though, the stock fell sharply. Since the USPS delayed its decision on awarding a federal contract that’s potentially worth $8. 23 that it awarded the first part of the 10-year, multibillion-dollar contract to update the postal delivery vehicle fleet to Oshkosh Defense. Workhorse delivered six vehicles for prototype testing under the NGDV Acquisition Program in compliance with the terms set forth in their USPS prototype contract. Workhorse is in one of the fastest-growing industries and is involved in a unique niche in the space. My positions: 600 shares at $34 cost basis, $32C LEAPs 1/2022, $32C’s at 2/12, 2/19, 3/19 Total position is worth around 30,000 right now and about 40% of my single-registered. DiamondPeak (DPHC) is merging with Lordstown Motors. If that was the end of the story, there wouldn't even be a glimmer of hope for Workhorse. Workhorse Group Inc. Workhorse Group Sets Second Quarter 2021 Earnings Call for Monday, August 9, 2021 at 10:00 a. Exit Full Screen. But their long life is coming to an end as the USPS is going deeper into debt. So it turns the SEC is indeed investigating Oshkosh RIGHT NOW. Workhorse Group NASDAQ Updated Sep 7, 2021 8:12 PM. Debbie Fetterly debbie. Workhorse also reported a net loss of $43. Usps-contract-wkhs. , a technology company, designs, manufactures, builds, and sells battery-electric vehicles and aircraft in the United States. A group of 50 Democratic lawmakers is pressuring President Biden to remove all existing members of the U. 91% dropped 8. The Biden administration will convert the entire fleet of federal vehicles to American-made EVs, and that will. This is one stock that. Awards to two competitors may be likely due to the requirement of the USPS to replace rural delivery trucks that may require additional range not offered by Workhorse (i. You can buy and sell Workhorse (WKHS) and other stocks, ETFs, and options commission-free on Robinhood with real-time quotes, market data, and relevant news. According to Roth Capital, the $8. This is something to take a modest shot at, but keep the powder keg dry. Recent Pullback Makes Workhorse Stock Very Enticing. So it turns the SEC is indeed investigating Oshkosh RIGHT NOW. Dec 02, 2020 · Governmental procurement contracts of this nature tend to squeeze profit margins on bidders, who probably are in last-stage parallel negotiations with USPS at this writing. WKHS Feb 2016 – Supply agreement 6 orders placed to date totaling 1,345 vehicles 165,000-Vehicle, $6. 3 billion NGDV project calls for up to 180,000 trucks to be built over five to seven years that feature right-hand drive, separate sliding doors for the driver and cargo area, a. 17, which is an increase of 25. The immense selling in WKHS stock came after the electric delivery van maker lost a multi-billion dollar U. Publish date: Oct 13, 2020 10:43 AM EDT Workhorse Downgraded on Concerns Over Postal Service Contract Timing. gov (O) 954-527-2941 (C) 954-298-1687 Manager, Southern Area Corporate Communications. 405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). This is one stock that. Next reporting date: November 11, 2021: EPS forecast (this quarter)-$0. By Josh Enomoto, InvestorPlace Contributor Jul 23, 2021, 3:56 pm EDT. Start My Free Trial No credit card required. It's called the LLV, which stands for "Long Life Vehicle" and it, along with 142,000 other LLVs, are responsible for moving most of the 523 million pieces of mail every day. Workhorse Group stock falls on report of SEC probe Seeking Alpha - 9/1/2021 1:26:16 PM: Workhorse and Amerit Fleet Solutions Partner to Provide Comprehensive Maintenance and Repair Services To Support Customers GlobeNewswire Inc. Publish date: Oct 13, 2020 10:43 AM EDT Workhorse Downgraded on Concerns Over Postal Service Contract Timing. Recently, On the date of. 71 per share, given expected sales, and its stake in Lordstown Motors. Workhorse’s (WKHS) all time high was $42. Analyst Forecast. 7Meeting to be conducted by live audio webcastWASHINGTON, DC — The U. WorkHorse Stock USPS Contract News WKHS RBE Romeo Batteries SPAC Date Get two free stocks, one valued from $12-$1400 on Webull: https://act. 91% dropped 8. 4) Speaking of frauds, a smart short-seller I know, who wishes to remain anonymous, just released an in-depth report on electric-vehicle ("EV") developer Workhorse Group Inc (NASDAQ:WKHS), whose stock is up by 10 times in the past six months - giving it a $2. Postal Service Contract and the Upcoming Public Flotation of Lordstown Motors To Unlock the Next Ramp-Up By Rohail Saleem Aug 27, 2020 12:15 EDT. WorkHorse Stock USPS Contract News WKHS RBE Romeo Batteries SPAC Date Get two free stocks, one valued from $12-$1400 on Webull: https://act. Workhorse was one of the finalists for the United States Postal Service 10-year contract for the Next Generation Delivery Vehicle (NGDV) to replace 165,000 of the aging and outdated Grumman LLV used by USPS since 1987. It had run up to top $41 by early February. Dec 22, 2020 · The delay in awarding the USPS contract has done a great deal of damage to WKHS stock. Postal Service's Board of Governors and replace them with his own nominees. June 1, 2020. I also wouldn’t get too wound up over the recent downgrade from Roth Capital’s Craig Irwin. 4M: Annual profit (last year) $69. Source: Photo from WorkHorse. On the surface, things don’t look good. Things have looked bleak for Workhorse (NASDAQ:WKHS) stock since the United States Postal Service (USPS) awarded the contract for their next generation electric vehicle (NGEV) to Oshkosh (NYSE:OSK). The Loveland, Ohio-based Workhorse was stunned last week when the Postal Service awarded a 10-year contract initially worth $482 million to the. Keep it civil and on-topic. July 23, 2021. The new van has a low engine compartment and hood and a very. Work Ahead. Previously, WKHS investors were hanging their hopes on the story that tiny, undercapitalized WKHS might win a contract to replace the USPS aging fleet of. Ark Invests buy more, Lordstown motors acquired, and USPS contract date news brewing! Get 2 free stocks on WeBull when you deposit $100 (value up to $1,400). Recent Pullback Makes Workhorse Stock Very Enticing. Previously, WKHS investors were hanging their hopes on the story that tiny, undercapitalized WKHS might win a contract to replace the USPS aging fleet of. Workhorse has about $70 million in back orders for its electric vehicles, though its factory in Union City, Indiana, will handle much of that work. Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232. 1 billion, some traders have expressed concerns about WKHS stock. 00, and the low price target for WKHS is $8. What Happened: The USPS is delaying its. DiamondPeak (DPHC) is merging with Lordstown Motors. Workhorse Group (NASDAQ: WKHS) expects a "prolonged process" to alter the U. WKHS is the only PURE 100% EV model, other 2 are hybrids. (ET), Monday through Friday, contact the GSA Fleet MCC at 866-400-0411 and choose option 1. Some Democrats in Congress have been critical that the USPS awarded a multibillion-dollar, 10-year contract to Oshkosh Defense, a unit of Oshkosh Corp. WKHS Stock: Is the Failed USPS Contract the End of the Road? and sealing the USPS contract would have acted as a stamp of approval worth even more than the contract itself. By Faizan Farooque Nov 12, 2020, 10:47 am EDT. Overall, three. By the end of June, WKHS stock had surpassed its all-time record. Postal Service (USPS) contract to rival, Oshkosh Corp. 2 million and $1. 3% in Tuesday's extended trading session after closing over 6% higher. 3 billion contract. 3 billion may be awarded in 2020. A win could send WKHS stock to the moon. Short Report On Workhouse. Postal Service has "modified" its timeline to pick a replacement for the iconic Grumman LLV delivery truck, an agency spokeswoman said. Workhorse Group ( NASDAQ:WKHS) isn't going away quietly after losing a $6 billion contract from the U. Workhorse stock (ticker: WKHS) is down 13% to $23. The Postal Service has again delayed the awarding of a contract for the replacement for its Grumman LLV. About That Contract. 71 in the next twelve months. After the aforementioned USPS contract news, Workhorse shares plunged about 50% in a single day. Aug 17, 2021 · It does have one wild card, which is the United States Postal Service (USPS), but that wild card seems to be drifting further away by the day. Wkhs usps contract. Company's stock value dipped to $10. WKHS Feb 2016 – Supply agreement 6 orders placed to date totaling 1,345 vehicles 165,000-Vehicle, $6. Postal Service (USPS) decision in February to award a multibillion-dollar, 10-year contract to. On the surface, things don’t look good. I also wouldn't get too wound up over the recent downgrade from Roth Capital's Craig Irwin. Did Business Growth Power Workhorse Group's (NASDAQ:WKHS) Share Price Gain of 203%? Workhorse Group Inc. (WKHS) recorded performance in the market was -28. , a technology company, designs, manufactures, builds, and sells battery-electric vehicles and aircraft in the United States. Postal Service’s decision to award next-generation mail truck business to defense contractor Oshkosh Truck Corp. However, financials for the company. [email protected] - 8/12/2021 8:00:00 AM: Workhorse Group: Is This EV Stock a Buy Post Q2 Results?. Irwin, who made no change to his Buy rating or $33 price target for Workhorse, says potential third party beneficiaries of an announced award to Workhorse likely include. WASHINGTON (Reuters) -Electric vehicle company Workhorse Group filed a legal challenge on Wednesday to the U. 11% on a quarterly basis in comparison with the same period year before. Source: Photo from WorkHorse. over the next few years. Workhorse Group Inc (NASDAQ: WKHS) could be awarded the Next Generation Delivery Vehicle contract by the U. Breaking Down WKHS. the stock fell sharply. October 9th, 2020 10:28. 2021-05-04 18:28. WORKHORSE USPS CONTRACT ANNOUNCEMENT DATE? PRICE TARGET? WKHS STOCK BREAKDOWN!This video is going to go into on Workhorse Group Inc. com WKHS stock is still in a downtrend, as it has not risen. At one point in September, WKHS was up a. After losing the bid, though, the stock fell sharply. While October 13th marked the original date that the contract was to be decided, USPS has delayed its decision potentially another two months. 74X versus the industry average of 11. 13, but pared an “Given [Workhorse] missing the U. 7 million, respectively. A West Coast-based investment banking firm predicts Workhorse Group Inc. 4) Speaking of frauds, a smart short-seller I know, who wishes to remain anonymous, just released an in-depth report on electric-vehicle ("EV") developer Workhorse Group Inc (NASDAQ:WKHS), whose stock is up by 10 times in the past six months - giving it a $2. The electric-truck builder said today that it. This is something to take a modest shot at, but keep the powder keg dry. Jun 28, 2021 · WKHS Stock Is a Short-Term Loser That Can Still Be a Long-Term Winner. Cost of sales for the three months ended March 31, 2021 and 2020 were $6. July 14th - WKHS 1 of 4 finalist - 3 remain Mahindra dropped out. The contract is worth nearly $6 billion, and Workhorse was long. Postal Service delivery-truck deal to Oshkosh Corp. defense officials want to be admitted to an internal European Union project aimed at easing the flow of military forces across the continent. The Biden administration will convert the entire fleet of federal vehicles to American-made EVs, and that will. A particular prospect that raised its share price from less than $2 in March to more than $40 this month was its bid for a big contract from the United States Postal Service to start replacing the. Shares of Workhorse Group (WKHS) are in focus ahead of next week's expected decision from the United States Postal Service on its selection for the supplier of its Next Generation Delivery Vehicle. This contract was a major reason why WKHS stock had risen so far in the past year. 3 billion in work for the winning bidder. Workhorse Group Inc. Workhorse (NASDAQ: WKHS) Investors Bank on U. 22 at 1:18 p. Publish date: Oct 13, 2020 10:43 AM EDT Workhorse Downgraded on Concerns Over Postal Service Contract Timing. Postal Service contract to manufacture its next generation of delivery trucks, an award that. The company also develops cloud-based and real-time telematics performance monitoring systems. The deal represents a potential $6. 3% in Tuesday's extended trading session after closing over 6% higher. A West Coast-based investment banking firm predicts Workhorse Group Inc. Fuzzy Panda Research describes itself as a short seller on its website. The USPS announced on Feb. Much of the sell of had occurred after the U. By searching usps contract wkhs on Ecityworks, not only can you save time on job seeking but also can find the most satisfactory job. DiamondPeak (DPHC) is merging with Lordstown Motors. The contract is worth nearly $6 billion, and Workhorse was long. While the contract was delayed, it's a temporary setback. Workhorse (NASDAQ: WKHS ) stock has been a stellar performer, rising over 13x from. 9, 2014, in Salt Lake City. Irwin, who made no change to his Buy rating or $33 price target for Workhorse, says potential third party beneficiaries of an announced award to Workhorse likely include. According to Roth Capital, the $8. Some Democrats in Congress have been critical that the USPS awarded a multibillion-dollar, 10-year contract to Oshkosh Defense, a unit of Oshkosh Corp. The roughly $6. Cost of sales for the three months ended March 31, 2021 and 2020 were $6. Aug 17, 2021 · It does have one wild card, which is the United States Postal Service (USPS), but that wild card seems to be drifting further away by the day. (OSK) over Workhorse for a $6 billion next-generation delivery vehicle contract to revamp and. 46 per share, which is a long way from its all-time high of $40. In February 2021, the contract was awarded to Oshkosh Defense. 1 billion U. 1 billion, some traders have expressed concerns about WKHS stock. This suggests a possible upside of 79. WORKHORSE GROUP 72 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against Workhorse Group, Inc. Specifically, much of the hype surrounding Workhorse stock in 2020 has centered around the company winning a 165,000 unit, $8. Workhorse's stock price plunged after it failed to win a major contract from the US Postal Service. Started buying WKHS late, unfortunately. It had run up to top $41 by early February. Postal Service contract. The high price target for WKHS is $29. Global EV Battery Market Size Is Projected To Reach At $84 Million By 2025 as Demand Climbs. The immense selling in WKHS stock came after the electric delivery van maker lost a multi-billion dollar U. (OSK) over Workhorse for a $6 billion next-generation delivery vehicle contract to revamp and. The increase in cost of sales was primarily due to an increase in volume related to our initial production of the C-Series electric delivery truck and higher compensation-related costs. The backbone of its delivery fleet - more than 200,000 vehicles - is the right-hand-drive Long Life Vehicle (LLV), which has an expected service life of 24 years. the stock fell sharply. Dec 2, 2020 — Workhorse Stock Plummets as USPS Delays Decision on Contract. There's Lots Happening, but Workhorse Group Is Noticeably Quiet These Days. In two weeks, OSHKOSH will be burnt by order to cease production, and we'll see $60 a share. Workhorse and partner VT Hackney are among five finalists for the $6. 46 per share, which is a long way from its all-time high of $40. Workhorse Group Inc. 34: Annual revenue (last year) $1. ORAL ARGUMENT between WKHS vs. 5 days ago. The electric-truck builder said today that it. HowLongAgo}} {{bbMessage. The delay of the USPS decision. When the transactions were called off in the previous session, Stock hit the highs of $11. 3 billion contract. Workhorse Group Inc (NASDAQ: WKHS) could be awarded the Next Generation Delivery Vehicle contract by the U. Production contract speculation is focused on the next-generation U. The potential $6. Source: Photo from WorkHorse. 9, 2021 at 9:05 a. Until 2020. NASDAQ: WKHS $9. 3 billion NGDV project calls for up to 180,000 trucks to be built over five to seven years that feature right-hand drive, separate sliding doors for the driver and cargo area, a. Kevin breaks down the short seller allegations, and gives his opinion on their merit. Postal Service in the next decade, an estimated 75% of the fleet would. Previously, WKHS investors were hanging their hopes on the story that tiny, undercapitalized WKHS might win a contract to replace the USPS aging fleet of. 9% from the stock's current price. Workhorse is in one of the fastest-growing industries and is involved in a unique niche in the space. Electric vehicle company Workhorse Group (WKHS. Analyst Forecast. Work Ahead. 1 billion contract with the Untied States Postal Service (or USPS). (ET), Monday through Friday, contact the GSA Fleet MCC at 866-400-0411 and choose option 1. Workhorse Group stock falls on report of SEC probe Seeking Alpha - 9/1/2021 1:26:16 PM: Workhorse and Amerit Fleet Solutions Partner to Provide Comprehensive Maintenance and Repair Services To Support Customers GlobeNewswire Inc. Debbie Fetterly debbie. Oct 13, 2020 · A West Coast-based investment banking firm predicts Workhorse Group Inc. to make delivery vans for the United States Postal Service to order to date, for more. Fuzzy Panda Research describes itself as a short seller on its website. The delay of the USPS decision. , a technology company, designs, manufactures, builds, and sells battery-electric vehicles and aircraft in the United States. Recent Pullback Makes Workhorse Stock Very Enticing. com WKHS stock is still in a downtrend, as it has not risen. This is one stock that. Under the contract announced today, the USPS has committed to pay Oshkosh Defense $482 million to initiate engineering efforts to finalize the production vehicle design, and for tooling and. WorkHorse Stock USPS Contract News WKHS RBE Romeo Batteries SPAC Date Get two free stocks, one valued from $12-$1400 on Webull: https://act. October 2, 2019. 23 announcement. The deal represents a potential $6. Postal Service in the next decade, an estimated 75% of the fleet would. WKHS USPS Failure - Exactly as Predicted. for WKHS Access over 100 stock metrics like Beta, EV/EBITDA, PE10, Free Cash Flow Yield, KZ Index and Cash Conversion Cycle. Lordstown and Workhorse shares are both down more than 50% year to date. Another event also impacted Workhorse stock Friday. The United States Postal Service (USPS) is pushing back the deadline for official bids to make its next-generation mail truck because of "the current COVID-19 pandemic and its impact on Postal. However, financials for the company. by AncientTiger. Postal Service truck contract worth $6. Workhorse was one of the finalists for the United States Postal Service 10-year contract for the Next Generation Delivery Vehicle (NGDV) to replace 165,000 of the aging and outdated Grumman LLV used by USPS since 1987. 2021-05-01 10:55. 2021-05-04 18:28. (OSK) over Workhorse for a $6 billion next-generation delivery vehicle contract to revamp and. "The COVID-19 pandemic. Recent Pullback Makes Workhorse Stock Very Enticing. Jul 06, 2020 · Workhorse Working to Maintain its Growth TipRanks - 8/16/2021 4:09:08 AM: Workhorse Enters into Pilot Program with the USDA’s Natural Resources Conservation Service for its Small Unmanned Aerial Systems GlobeNewswire Inc. The subtitle read: Workhorse, a small truck maker with big ambitions, was counting on the deal for a surge in revenue. WKHS stock is on track to be an EV winner. This suggests a possible upside of 79. will win the $8. usps contract wkhs date ( NASDAQ: WKHS) ("Workhorse" or "the Company"), an American Feb 24, 2021 — The loss of the USPS contract by Workhorse Group constitutes a major setback for the company, WKHS shares lost almost 50% of their value. By searching usps contract wkhs on Ecityworks, not only can you save time on job seeking but also can find the most satisfactory job. "Could," however, is the operative word. 3 billion worth contract to supply the US Postal Services' (USPS) 165,000 vehicles, which could be a key catalyst driving the stock's performance. After the aforementioned USPS contract news, Workhorse shares plunged about 50% in a single day. However, financials for the company. Postal Service contract to manufacture its next generation of delivery trucks, an award that. WKHS USPS Failure - Exactly as Predicted. will win the $8. It's called the LLV, which stands for "Long Life Vehicle" and it, along with 142,000 other LLVs, are responsible for moving most of the 523 million pieces of mail every day. He recently downgraded WKHS stock from a buy to a hold, with a target cut to $27. Under the contract announced today, the USPS has committed to pay Oshkosh Defense $482 million to initiate engineering efforts to finalize the production vehicle design, and for tooling and. co/fees for details. The Future of Workhorse After Failing to Get the USPS Contract: Workhorse Group (NASDAQ: WKHS) is an American-based electric and utility vehicle company founded in 1998 under Workhorse Custom Chassis, an Indiana plant that took over production for General Motors P30/P32 stepvans and motorhome chassis. Therefore, I think it’s a mitigated buy. Postal Service truck contract worth $6. 4M: Annual profit (last year) $69. Wkhs usps contract announcement Wkhs usps contract announcement. WKHS is largely focused on "last mile" delivery vehicles that typically. 3B contract for new mail truck this year. Apr 22, 2021 — WKHS stock rode high on speculation the company would win the contract to replace the Post Office's entire fleet of vehicles. It had run up to top $41 by early February. 71 per share, given expected sales, and its stake in Lordstown Motors. Exit Full Screen. USPS mailman Bill Christensen delivers mail in Glendale area neighborhood Tuesday, Dec. Postal Service (USPS) decision in February to award a multibillion-dollar, 10-year contract to. The USPS Contract. Feb 25, 2021 · Workhorse's stock price plunged after it failed to win a major contract from the US Postal Service. Postal Service truck contract worth $6. Breaking Down WKHS. According to 7 analysts, the average rating for WKHS stock is "Buy. Postal Service in the next decade, an estimated 75% of the fleet would. The electric-truck maker's sales, never really robust at any point in its 12-year history, totaled all of $6,000 in the quarter. The subtitle read: Workhorse, a small truck maker with big ambitions, was counting on the deal for a surge in revenue. Postal Service Board of Governors. Postal Service contract. June 1, 2020. The chairwoman of the House Oversight and Reform Committee on Friday demanded the U. The electric-truck builder said today that it. 's shares soared and hit an all-time high of $42. RECENT NEWS. S Postal Service chose Oshkosh Corp. Workhorse Group Inc (US:WKHS) has 409 institutional owners and shareholders (aka shareholding pattern) that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). Workhorse's stock price plunged after it failed to win a major contract from the US Postal Service. As of March 18, Jul 1, 2021 — Workhorse filed a redacted 60-page complaint against the government alleging that the USPS was biased in awarding the contract for the. Postal Service (USPS) contract lit the EV maker's stock on fire. Amid heightened volatility, the stock. Their chassis is a structural framework that is seen in food-service delivery trucks and. OSK won the contract even though WKHS was considered the favorite to land the deal for several months. The Postal Service has again delayed the awarding of a contract for the replacement for its Grumman LLV. After a rigorous evaluation process, the Postal Service today awarded contracts to six prime suppliers who together will produce 50 prototype vehicles as part of the next phase of the NGDV acquisition process. The New York Times published an article on February 24, 2021, entitled: Losing Bid for Postal Contract Proves Costly for Electric-Vehicle Maker. (NASDAQ: WKHS) ("Workhorse" or "the Company"), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last mile delivery sector, announced. Their chassis is a structural framework that is seen in food-service delivery trucks and. July 14th - WKHS 1 of 4 finalist - 3 remain Mahindra dropped out. 3 billion USPS contract to replace its 180,000-van fleet. Postal Service (USPS) decision in February to award a multibillion-dollar, 10-year contract to. There's no doubt about it. Ark Invests buy more, Lordstown motors acquired, and USPS contract date news brewing! Get 2 free stocks on WeBull when you deposit $100 (value up to $1,400). Hey, welcome back to YT finance and today we are talking about workhorse stock, the new USPS contract date, Tesla Stock, NIO stock, and Lucid Motors. 71 per share, given expected sales, and its stake in Lordstown Motors. The stock WKHS, +1. The downside catalyst could be the US Postal Service contract decision that is expected before the end of March. Postal Service contract entirely, and facing a choppy supply. According to USPS, "Under the contract's initial $482 million investment, Oshkosh Defense will finalize the production design of the Next Generation Delivery Vehicle (NGDV) — a purpose-built, right-hand-drive vehicle for mail and package delivery — and will assemble 50,000 to 165,000 of them over 10 years. MSG_Date}} {{bbMessage. Workhorse's (WKHS) all time high was $42. In two weeks, OSHKOSH will be burnt by order to cease production, and we'll see $60 a share. 79% from the latest price. USPS and WKHS Stock. NASDAQ: WKHS $9. 01 on 07/27/21. Postal Service truck contract worth $6. Postal Service to award $6. Have your VIN and mileage information ready. Search for: Uncategorized wkhs usps contract. October 2, 2019. to make delivery vans for the United States Postal Service to order to date, for more. The due date for. The USPS has publicly stated that approximately 165,000 vehicles are to be replaced. The company has a lot riding on the USPS contract. Shreya Biswas is a multimedia journalist with a degree from the Asian College of Journalism. Shares of Workhorse Group ( WKHS) - Get Report fell sharply Tuesday after the postal service awarded a potentially huge contract to build new delivery trucks to rival Oshkosh ( OSK) - Get Report. Workhorse stock (ticker: WKHS) is down 13% to $23. The United States Postal Service (USPS) is pushing back the deadline for official bids to make its next-generation mail truck because of "the current COVID-19 pandemic and its impact on Postal. WASHINGTON (Reuters) -Electric vehicle company Workhorse Group filed a legal challenge on Wednesday to the U. Debbie Fetterly debbie. O) filed a legal challenge on Wednesday to the U. However, Oshkosh Corporation won the bid for the contracts, and WKHS' shares fell sharply. S Postal Service chose Oshkosh Corp. Therefore, I think it’s a mitigated buy. Roadside Assistance.