Workhorse said will pay VT Hackney $7 million for certain intellectual property and engineering assets and that the companies are no longer working together.

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. However, Workhorse has stated that it expects to deliver between 300-400 vehicles by year’s end. Workhorse Group Inc., the small Ohio company paired with VT Hackney to compete for the multi-billion-dollar U.S. 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.
Perhaps Workhorse will win a portion, or all of the Postal Service award. Postal Service is upgrading its aging fleet. 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. Workhorse, the company that launched electric pickup startup Lordstown Motors, had been teamed up with commercial-truck specialist Hackney on a … 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. Investors keen to gamble on Workhorse shares though should search for further information about this as the project gets underway. Bears doubt that Workhorse can ever become a profitable vehicle producer to the extent that it would justify today's valuation. But should Workhorse win the contract which calls for 75% of the USPS’ fleet to be EVs, shares will benefit greatly. Copyright © quotes delayed at least 15 minutes, all others at least 20 minutes. Workhorse’s market capitalization of $1.1 billion on Q1 sales of $84,000 has to have even the most bullish fans worried. 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. There hasn’t been any news from Workhorse regarding the process. Since August 10th, there has been increasing speculation on Workhorse winning the US Postal Service {USPS} next-generation delivery truck contract. Workhorse’s ability to secure contracts and deliver thereon is what will really define its success or failure. Many Workhorse bulls are counting on the potential US Postal Service contract to be the panacea that cures all ills. The truck was called the W-15. Rather, the point is that this is essentially a small scale, pilot-project. 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. The drone that pairs with the delivery van is called the Horsefly. 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. 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. Perhaps it will lead to a scaling up for Workhorse, perhaps not. The USPS is … So in any scenario, Workhorse loses, and the $1.8B bubble eventually will deflate. ... WORKHORSE. 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. The U.S. Postal Service. Copyright © 2020 InvestorPlace Media, LLC. The contract calls for 180,000 trucks to be delivered over five to seven years at a price between $25,000 and $35,000 each, which means it could be worth as much as $6.3 billion to the winner.
The vehicle that Workhorse submitted for testing back in 2019 was created jointly with another firm. All rights reserved. This is where potential Workhorse investors should really pay special attention.

U.S. The USPS is increasingly becoming a … 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. Workhorse is one of four remaining potential suppliers to replace the fleet vehicles. Customers have expressed interest in Workhorse vehicles, but nothing has been proven yet. From an absolute standpoint, Workhorse made $84,000 of sales in the first quarter. Workhorse’s Q1 results were not exactly stellar either absolutely or relatively. In Q1 of 2019 Workhorse managed to make $364,000 of sales: relatively worse. Investors may also remember Workhorse’s plans for a pickup truck. Currently priced at $17.43, WKHS sports a rich market cap of $1.8B with no real revenues, solely based on aggressive future expectations. 3 billion contract to build the next-generation postal delivery vehicle, Osborne wrote in an August 12 note to investors. Nasdaq

While the Cincinnati based company attempts to carve out a corner of the EV market, it faces high hurdles.

The Workhorse W42, a truck with some features similar to the USPS delivery truck and often used by FedEx, is widely available on the truck resale market. The deadline for proposal submissions passed on July 14. Postal Service to award $6.3B contract for new mail truck this year. The Postal Service originally asked four companies, including Workhorse, to provide contract proposals by March 27. 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. About two weeks ago Workhorse announced a contract with “Ryder is a strong leader in offering unique, ground-breaking solutions for electric vehicle operations. Workhorse in March. (USPS)


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