Ours runs more like a golf cart, so that’s really what you need. Currently priced at $17.43, WKHS sports a rich market cap of $1.8B with no real revenues, solely based on aggressive future expectations. My thought: USPS is pretty broke, waiting for a new budget so they can sign agreement deal on new trucks. Workhorse is one of four remaining participants bidding for the contract. He points to the large amount of electricity needed for battery-powered electric trucks, as well as the size and efficiency of those batteries compared to fuel cell-powered hydrogen trucks.If hydrogen-powered trucks can go much further on a single charge relative to battery-electric vehicles, and the time it takes to refuel the vehicle is considerably less, most businesses would lean heavily toward a fleet of the former rather than the latter. First, investors appear to be banking on the probability that Workhorse will become a part of a $6 billion U.S. It would be a big feather in Workhorse’s cap if it could snag a chunk of this production. For instance, on the 28th of July, Workhorse announced that its C-Series all-electric delivery trucks have been deemed eligible for the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project program by the California Air Resources Board (CARB). Not to mention, they’re timely and expensive to repair. Commenting on the implications of this designation, Workhorse CEO, Duane Hughes, Similarly, on the 23rd of July, Workhorse announced that it landed an initial purchase order of 20 all-electric C-1000 delivery vehicles from trucking company eTrucks, thereby, allowing the company to expand its order book and sales reach.Some posts on Wccftech.com may contain affiliate links. Ramer points out that Workhorse’s valuation, at a little less than 10x its forward estimated sales of $147 million, is quite expensive. Contact: Mike Dektas Workhorse Group Inc. 513-266-3590 Mike.Dektas@workhorse.com Media: Laura Radocaj Dian Griesel Int’l.
All rights reserved. Will Ashworth has written about investments full-time since 2008.
The new mail trucks are going to arrive a little later than expected. So in any scenario, Workhorse loses, and the $1.8B bubble eventually will deflate. What if WKHS is holding back all news because they can't release it without revealing what they know about the USPS contract? Workhorse Group Inc (NASDAQ: WKHS) could be awarded the Next Generation Delivery Vehicle contract by the U.S. Obviously, if we were to get the full award or a decent-sized award, that would be transforming for the company,” Schrader said.Schrader said any company that wants to launch a true drone delivery service that would rival a truck would need FAA certifications.“They want safety first for sure, but from that standpoint, I think it’s a real opportunity and I think it’s more like two years away versus five years away,” he said.“I think what investors have done is looked at little Workhorse here and said look, not only are they making vehicles right now, they already have orders, and in addition to that they have a drone and they have an opportunity with the Post Office,” Schrader said.In a best-case scenario, Schrader said Workhorse has a massive opportunity in the next two years with both vans and drones.“In two years, best case, we get the Post Office contract, we also have a lot more orders and we’re producing to the tune of maybe 2,000 to 3,000 new vehicles per year in the C-Series,” he said.Thank you for subscribing!
I say speculative only because its revenues are still small.
If you have any questions feel free to call us at 1-877-440-ZING or email us at Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.Everything you need to know about the market - quick & easy.A daily collection of all things fintech, interesting developments and market updates. Many Workhorse bulls are counting on the potential US Postal Service contract to be the panacea that cures all ills. There are several others, including Rivian and Ford (discussed earlier), who are also building their own electric commercial vehicles, so there’s no guarantee a year or two from now that sales will be much higher than they are today. lradocaj@dgicomm.com 212-825-3210 Let’s have a look at both sides of the argument. . Currently priced at $17.43, WKHS sports a rich market cap of $1.8B with no real revenues, solely based on aggressive future expectations. A number of factors are responsible for the current lofty valuation of Workhorse shares. 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/wkhs-stock-workhouse-group-26-stock-next-year/.Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. ". Find the latest Workhorse Group, Inc. (WKHS) stock discussion in Yahoo Finance's forum.
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