Souther said in a note that he still believes Workhorse has an opportunity to grow production and gain market share for its C-Series as the year goes on. Riley analyst Christopher Souther, despite lowering his price target for the shares to $16 from $20, kept a buy rating in place. Now whatĪfter all of the early-day drama, Workhorse settled in the afternoon, trading up slightly. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and. Yet the company had a market cap of more than 1.8 billion at Thursday's closing. A high-level overview of Workhorse Group Inc. If successful, that push could turn the tables on the Postal Service contract in favor of Workhorse's all-electric bid. Workhorse Group (NASDAQ: WKHS), a company that makes electric commercial-delivery vans, saw its stock price rise by 30 on Tuesday, with its total year to date gains in 2021 standing at around. Workhorse only delivered six of its electric cargo trucks in the first quarter, bringing in revenue of 521,000. But the stock's midday rebound appears attributable to talk that a group of Democrats in the House of Representatives would push President Joe Biden and House Speaker Nancy Pelosi to support an all-electric U.S. With the contract and its estimated 50,000 to 165,000 NGDV’s landing in the lap of Oshkosh (NYSE: OSK ). The poor results, a couple of analyst price target cuts that followed, and an overall dour market sentiment on Tuesday appear to have led to the initial sell-off. Workhorse didn’t win the USPS deal and WKHS stock immediately suffered the consequences. But in late February that deal went to rival Oshkosh instead, causing the markets to have to reset expectations for the company's growth. Postal Service contract to modernize its fleet of delivery vehicles. One such stock is Workhorse Group ( WKHS -1.00), which fell 78 last year and is now. Coming into this year, investor expectations were running high that Workhorse would win at least part of a massive $6 billion U.S. While many EV stocks skyrocketed in the last couple of years, there are several others that bit the dust.
0 Comments
Leave a Reply. |