When Tesla (NASDAQ:TSLA) is the most prominent auto company in the world, ahead of Ford (NYSE:F) and Toyota (NYSE:TM), the writing is on the wall. There are plenty of reasons to be bullish on the stock. While now Workhorse is focusing its attention on the delivery sector, it previously also had planned to introduce electric pickup trucks, which have associated themselves with the company for years. The markets dealt Workhorse (NASDAQ:WKHS) stock some heavy blows after the U.S. If it ends up with such a huge contract, it will have to undergo some massive growing pains that will include ramping up production capacity. Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. aus oder wählen Sie 'Einstellungen verwalten', um weitere Informationen zu erhalten und eine Auswahl zu treffen. All of these factors have pushed WKHS stock to unprecedented and frankly unrealistic highs. 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Source: Chart by Faizan Farooque, data from market estimates, Registration on or use of this site constitutes acceptance of our, awarding a potential $8.1 billion federal contract, $70 million in financing through offering a senior secured convertible note, 7 Value Stocks to Buy in an Overvalued Market, Roth Capital analyst Craig Irwin said that Workhorse is a favorite to win the contract, Forget The Election… Pick These Stocks for the Win in 2021, Why Everyone Is Investing in 5G All WRONG, America’s #1 Stock Picker Reveals His Next 1,000% Winner, Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company, 'Stronger than ever': Here's what 4 Wall Street banks expect from Netflix's 3rd-quarter earnings report », Iconic Peanuts TV specials will not air on ABC for the first time in 20 years as Apple purchases the rights — here's how to watch », FedEX, UPS Already Booked for Upcoming Holiday Season, Workhorse Stock Could Skyrocket on a U.S. Workhorse Group (NASDAQ:WKHS) swings lower after Roth Capital says the USPS is pushing the highly-anticipated NGDV decision to the end of … Workhorse (NASDAQ: WKHS) Unlikely To Repeat Its Stellar Bull Run Anytime Soon Which Makes Lordstown a Much More Attractive Bet, Workhorse (NASDAQ: WKHS) Shares Adding To Their 836 Percent Year-To-Date Gains as the Lordstown Motors Analyst Day Termed “Compelling”, Workhorse (NASDAQ: WKHS) Shares on Course for a Third All-Time High in as Many Days on the Back of a Combination of Bullish Factors, Workhorse (NASDAQ: WKHS) Investors Bank on U.S. Despite several catalysts, the biggest driver of WKHS stock’s recent surge is the potential USPS contract. Workhorse's products aim to cover two distinct vehicle categories and markets. FedEx Can Return Another 4% After Rallying 15% In A Month, Despite Its Huge Run-Up, Hyliion Stock is Still a Long-Term Buy, Q3 earnings ringing in; FactSet sees drop in earnings across sectors. The company has plenty going for it at this stage. … Postal Service contract and its high valuation. The executive stated: Lordstown Motor’s Merger With the SPAC DiamondPeak (NASDAQ: DPHC) Expected To Be Formalized on the 22nd of October, "We can also accelerate our production timeline for new, high-demand customer products, including a refrigeration truck for grocery applications as well as a purpose-built class 2 delivery van, allowing us to address  one of the fastest-growing vehicle markets in the U.S. So, plenty of financing here will help in operations. Sie können Ihre Einstellungen jederzeit ändern. The company's cost of sales has outstripped its total revenue regularly and as a result, Workhorse requires external financing to stay afloat. Dies geschieht in Ihren Datenschutzeinstellungen. Although that’s expected to be a 574.34% uptick, the absolute numbers are certainly not impressive for a company with a valuation of approximately $2.45 billion. Workhorse (NASDAQ: WKHS) Tanks as the USPS Next Generation Delivery Vehicle (NGDV) Contract Now Expected To Be Announced Toward the End of 2020 . Share … There are more signs of the company getting the USPS contract than against, so if you are willing to play the numbers, go right ahead. All rights reserved. I believe that could factor into the final decision, but it’s certainly not the be-all-end-all reason why Workhorse will get the contract. Oct 12, 2020 . These new vehicles within our portfolio of products, along with the expanding operations of our drone business, will help to further solidify our leadership and reach in the last-mile EV delivery segment.". After small cap investment bank Roth Capital expressed optimism about Ohio-based electric vehicle manufacturer Workhorse Group's (NASDAQ:WKHS) ability to secure a crucial contract,  the company's shares climbed on Friday. The company is selling $200 million of its 4% senior secured convertible notes to two institutional lenders. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. For instance, through its electric delivery van the company intends to allow customers to make drone-based deliveries. If there is a hitch, shares will tank. It has never turned a profit and analysts do not expect it to until 2022. That makes me wary of the electrically powered delivery and utility vehicle manufacturer at this stage. Still, the prospect of getting burned is always omnipresent when you see this kind of share activity. But you get my point. Workhorse occupies a niche space in the EV industry, has a patent portfolio, and a customer list that includes DHL (OTCMKTS:DPSTF), FedEx (NYSE:FDX), and UPS (NYSE:UPS). The postal service wants to replace the white, right-hand-drive vans with next-generation delivery trucks. Yet, as it witnesses a 900% share price growth since the start of June, when perhaps coincidentally its in-production items were also at a record high, Workhorse should be better served to products that will enable it to turn a profit and help it gain market share. Roth Capital Partners believes the company is the “best fit” out of the competitors left in the race. If you are willing to take on a bit of risk, then go ahead and keep investing in the stock. The company will also exchange $70 million worth of existing debt with roughly five million shares, and allow the purchasers of its $200 million notes to convert them into Workhorse common stock at $36.14/share. Postal Service contract and its high valuation. As demonstrated by its S.E.C. Workhorse Group Inc (NASDAQ: WKHS) could be awarded the Next Generation Delivery Vehicle contract by the U.S. The existing Aerospace Flight Operations platform uses Workhorse's C-series delivery vans. © 2020 NewAge ADS, LLC. Although for now, when it comes to WKHS stock, it still does look like a speculation, given the U.S. © 2020 Insider Inc. and finanzen.net GmbH (Imprint). The deal, which according to the bank will be awarded this week will prove beneficial for the company and allow it to push out its products the market. Plus, EVs are also red hot this year. The company also intends to focus on manufacturing these delivery vans from the proceeds of today's funds. Should the USPS contract go to WKHS Group, which owns a 10% stake in Lordstown Motors, Donald Trump could get the boost in this county. Dazu gehört der Widerspruch gegen die Verarbeitung Ihrer Daten durch Partner für deren berechtigte Interessen. After the proceeds from today's announcement, Workhorse will have $270 million in cash available. However, that doesn’t justify WKHS stock rising almost 1,300% over the last six months. In a research note, Roth Capital analyst Craig Irwin said that Workhorse is a favorite to win the contract. This was the result of an astounding 119% growth over 2019, where at the end of June, these pre-finished products were worth $427 million. That makes the stock a spec play at this stage, banking more on external factors than fundamentals. Although the cat-and-mouse game will continue, it’s clear investors have already priced in the contract before it’s awarded. Sometime this month, if the company lands the USPS contract, shares will skyrocket to new heights. These vans are also crucial for the vehicle manufacturer's ability to secure the crucial United Postal Services (USPS) Next Generation Delivery Vehicle (NGDV) contract that can potentially allow the company to sell as much as 180,000 of the vehicles. For latest tech news in your inbox, once a day! The company won’t be profitable for a while, and the contract is not a done deal. By Ramish Zafar. I would advise keeping some funds invested in WKHS stock while taking some of your hard-earned profits and investing them in other, more stable stocks. While this is a huge catalyst that can push WKHS stock to all time high, have in mind that this is currently THE ONLY catalyst of this magnitude and Workhorse shares could easily tumble down in biggest-ever EV decline in case of no-contract. Investors are betting big on Workhorse winning the contract, either wholly or partially. Made In NYC | Image: Workhorse, Some posts on Wccftech.com may contain affiliate links. So, unless you are in for the long haul, this is an excellent opportunity to part with a portion of your stake. If you were an avid InvestorPlace reader, then you probably picked up WKHS stock was about to get hot. He has several years of experience analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. Don’t get me wrong here. Stock quotes by finanzen.net, InvestorPlace - Stock Market News, Stock Advice & Trading Tips. That will only contribute to Workhorse’s negative margins. Damit Verizon Media und unsere Partner Ihre personenbezogenen Daten verarbeiten können, wählen Sie bitte 'Ich stimme zu.' Both of these use the same motor, have a similar top speed, similar range, similar battery capacity and similar braking systems. So, you need to gamble with the money that you can afford to lose. The bull case may have to do with Workhorse’s headquarters, Ohio, a swing state. Disclaimer | Many analysts are betting the president will award the contract to better his chances of winning his re-election bid. These were also unsurprisingly on the mind of the company's chief executive officer Duane Hughes who categorized a "purpose-built class 2 delivery van" as a "high-demand" customer product. Workhorse (NASDAQ: WKHS) Tanks as the USPS Next Generation Delivery Vehicle (NGDV) Contract Now Expected To Be Announced Toward the End of 2020. Für nähere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklärung und Cookie-Richtlinie. Why Is FedEx (FDX) Up 10.4% Since Last Earnings Report? We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. Workhorse's C100 electric vehicle titled 'Aerospace Flight Operations' for drone deliveries.

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