The truck was called the W-15. 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.Article printed from InvestorPlace Media, https://investorplace.com/2020/08/workhorse-whks-stock-should-make-even-ev-bulls-uneasy/.Financial Market Data powered by FinancialContent Services, Inc. All rights reserved.
The U.S. Copyright © 2020 InvestorPlace Media, LLC. All rights reserved. But should Workhorse win the contract which calls for 75% of the USPS’ fleet to be EVs, shares will benefit greatly. Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks. 3 billion contract to build the next-generation postal delivery vehicle, Osborne wrote in an August 12 note to investors. The drone that pairs with the delivery van is called the Horsefly. But should Workhorse win the contract which calls for 75% of the USPS’ fleet to be EVs, shares will benefit greatly.That said, there are signs that Workhorse’s chances are less than stellar. We are confident that we will be seeing new orders soon once their customers see the revolutionary nature of our products are and how accessible they are through Ryder.”Investors should note that this is a cooperative project in conjunction with Ryder’s fleet management team. So, while Workhorse remains among the four finalists who submitted a proposal, questions remain regarding their actual vehicle.
But until there is more money likely to be coming in the door, I wouldn’t buy in.And right now, there’s no news on the horizon that indicates such progress. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing. We have delivered their first two C-1000s and are very excited to partner with them in offering our electric C-Series vehicles to their customers across the country. Customers have expressed interest in Workhorse vehicles, but nothing has been proven yet.
There hasn’t been any news from Workhorse regarding the process. Rather, the point is that this is essentially a small scale, pilot-project.
From an absolute standpoint, Workhorse made $84,000 of sales in the first quarter. Further, one important detail here is that Workhorse delivered only two C-1000 vans to Ryder so far. Workhorse however, being an upstart, growth company cannot be expected to have massive sales just yet. While the Cincinnati based company attempts to carve out a corner of the EV market, it faces high hurdles. At least one research firm believes Workhorse has all but the I can’t see how investors would be willing to pull the trigger on a purchase of Workhorse shares currently.
quotes delayed at least 15 minutes, all others at least 20 minutes. The numbers 650 and 1000 denote the cubic footage of cargo space in each respective vehicle. The vehicle that Workhorse submitted for testing back in 2019 was created jointly with another firm. Workhorse is currently gaining attention for its delivery van and drone combo.The company has two ‘C-Series’ electric step vans, the C-650 and the C-1000. Thus, Workhorse is moving forward and hedging its bets on its ability to succeed with the van and drone solution.Let’s look at the barriers it’s facing, and what signals investors might watch out for to catalyze a purchase. That said, there are signs that Workhorse’s chances are less than stellar. Sales ultimately drive everything in business. Postal Service. Workhorse in March. None of this is to cast aspersion on Workhorse. About two weeks ago Workhorse announced a contract with “Ryder is a strong leader in offering unique, ground-breaking solutions for electric vehicle operations. U.S. Workhorse Group Inc., the small Ohio company paired with VT Hackney to compete for the multi-billion-dollar U.S. Workhorse is one of four remaining potential suppliers to replace the fleet vehicles.
Investors could be taken aback by such a small number. Copyright © Nasdaq Since August 10th, there has been increasing speculation on Workhorse winning the US Postal Service {USPS} next-generation delivery truck contract. Workhorse’s market capitalization of $1.1 billion on Q1 sales of $84,000 has to have even the most bullish fans worried. Workhorse’s ability to secure contracts and deliver thereon is what will really define its success or failure.
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From the onset of talks with GM, the sprawling 6.2 […] Investors are purchasing WKHS’ potential and betting on its ability to be a first-mover in EV delivery.Nevertheless, those investors do need to know what sales really look like. The USPS is increasingly becoming a … LORDSTOWN — Should a company affiliated with Workhorse Group Inc. acquire the idled General Motors assembly plant in Lordstown, it would be a potential “game changer” in the electric truck maker’s effort to secure a contract to produce delivery trucks for the U.S. (USPS)
Workhorse’s Q1 results were not exactly stellar either absolutely or relatively. So in any scenario, Workhorse loses, and the $1.8B bubble eventually will deflate. But Workhorse discontinued business dealings with that firm.
Workhorse, the company that launched electric pickup startup Lordstown Motors, had been teamed up with commercial-truck specialist Hackney on a … Perhaps Workhorse will win a portion, or all of the Postal Service award. ... WORKHORSE.
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