3.0600 -0.19 (-5.85%)
Pre-Market: 7:44AM EDT
|Bid||0.0000 x 2900|
|Ask||0.0000 x 1200|
|Day's Range||3.0200 - 3.2500|
|52 Week Range||0.3700 - 5.3700|
|Beta (3Y Monthly)||2.68|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.00|
Members of the United Auto Workers union overwhelmingly voted to give their leaders authorization to strike, if necessary, as the union negotiates this year with the "Big 3" American automakers: ...
Workhorse Group Inc. (NASDAQ: WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective electric-mobility solutions to the transportation sector, has been invited to present at the 8th Annual Gateway Conference, which is being held September 4-5, 2019 at the Four Seasons Hotel in San Francisco, CA. The 8th Annual Gateway Conference is an invite-only conference presented by Gateway Investor Relations, a full-service financial communications firm. Follow the Gateway Conference on Twitter and join the conversation using the #GatewayIRConference hashtag.
Cincinnati stocks got slammed as the stock market plummeted Wednesday to its fourth-biggest one-day decline of all time.
Cowen analyst Jeffrey Osborne raised his estimate for Workhorse shares from $2.00 to $4.00 based on the company beginning production in the fourth quarter of more than 1,100 lightweight electric-powered NGEN vans. Workhorse also has upside because of customer interest in its W-15 electric pickup truck and its status as a finalist with partner VT Hackney for a $6.3 billion contract to build the next-generation postal delivery vehicle, Osborne wrote in an August 12 note to investors.
Electric van maker Workhorse Group Inc. (NASDAQ: WKHS) reported a huge second quarter paper loss on Tuesday, August 6, because of a run-up in its share price that followed a tweet by President Trump in May. "Going forward, we remain on track in our testing and production timeline, which has us positioned to deliver on our existing backlog in the coming year," he said.
CINCINNATI, Aug. 6, 2019 /PRNewswire/ -- Workhorse Group Inc. (NASDAQ: WKHS) ("Workhorse" or "the Company"), an American technology company focused on providing sustainable and cost-effective electric-mobility solutions to the transportation sector, today reported financial results for the second quarter ended June 30, 2019. June 2019: Secured $25 million in financing from a private group of institutional investors, the proceeds of which will be used for general working capital and research and development, allowing the company to focus on finalizing the R&D associated with the N-GEN followed by production of its existing contracted backlog. May 2019: Announced discussions with General Motors (GM) and Lordstown Motors Corp. (LMC), an affiliated, newly formed entity, to purchase GM's Lordstown Complex in Lordstown, Ohio.
First, it was President Trump who tweeted about Workhorse Group Inc. (NASDAQ: WKHS) possibly buying the closed General Motors Lordstown Assembly complex in Ohio. Now, Vice President Mike Pence is declaring the funds to buy the plant have been secured. Neither Trump, in his May 8 tweet, nor Pence, in comments during a visit to Ohio on Tuesday, July 30, got the details right.
Workhorse Group Inc (NASDAQ: WKHS) stock was soaring oWednesday after Vice President Mike Pence told reporters the company has secured financing to buy an idled auto plant in Lordstown, Ohio to build electric trucks. The excitement around the stock was being matched in the northeast Ohio community, which saw General Motors Company (NYSE: GM) close the Lordstown plant, producing its last Chevrolet Cruze on March 6 and putting 1,500 people out of work. Cincinnati-based Workhorse hasn't publicly confirmed Pence’s assertion, though GM confirmed in May that it was in negotiations to sell the plant to Workhorse.
Getting acquired paid off for two local public companies that posted some of the top stock gains in the first half of the year. But the biggest stock jump came from a company that barely generates sales.
Workhorse Group, the electric vehicle company that grabbed headlines last month over a proposed deal to buy General Motors' Lordstown, Ohio factory, has raised $25 million from a group of unnamed investors.
Workhorse Group (NASDAQ: WKHS) has announced a $25 million round of capital infusion from institutional investors as it works to finalize research and development (R&D) of its NGEN electric van and scale production. The first $15 million of the Series B preferred stock offering closed on May 31, 2019, the company said in an 8-K filing with the Securities and Exchange Commission. "This funding provides Workhorse with sufficient capital to fully deliver on our existing backlog and will enable us to make significant strides in our strategic vision of being a leader in the electric last-mile delivery space," Duane Hughes, CEO, said.
Workhorse Group Inc. (NASDAQ: WKHS ) shares were trading higher Monday after the company entered into subscription agreements with institutional investors for a private offering resulting in proceeds of ...
CINCINNATI, June 10, 2019 /PRNewswire/ -- Workhorse Group Inc. (NASDAQ: WKHS) ("Workhorse" or "the Company"), an American technology company focused on providing sustainable and cost-effective electric-mobility solutions to the transportation sector, has entered into subscription agreements for a private offering with a group of institutional investors, resulting in gross proceeds to the Company of $25 million. Under the terms of the agreements, the investors acquired shares of Series B preferred stock and warrants to purchase common stock. The Series B preferred stock is not convertible, but the holders are entitled to annual dividends payable in shares of common stock. Full details relating to the private offering can be found in the Company's Form 8-K filed with the Securities and Exchange Commission on June 6, 2019.
General Motors Company (NYSE: GM ) CEO Mary Barra defended the company's plans to sell a Lordstown, Ohio-based assembly plant to electric vehicle maker Workhorse Group (NASDAQ: WKHS ), commenting that ...
The unnamed joint venture between Loveland electric truck maker Workhorse and its co-founder is looking to raise $300 million to buy the shuttered General Motors plant in Lordstown.
Greater Cincinnati stocks plunged along with the stock market Monday amid the escalating trade battle between the U.S. and China.
Workhorse Group (NASDAQ: WKHS) is in the final stages of acquiring General Motors' (NYSE: GM) Lordstown Complex in Lordstown, Ohio, GM said in a statement on May 8, 2019. Under the terms of the deal, which has not been finalized, a newly formed entity led by Workhorse founder Steve Burns would acquire the facility with Workhorse itself holding a minority interest in the new entity. "This potential agreement creates a positive outcome for all parties involved and will help solidify the leadership of Workhorse's role in the [electric vehicle] community," said Workhorse CEO Duane Hughes.
The president of United Auto Workers Local 1112 in Lordstown -- who Trump attacked on Twitter two months ago -- is among a handful of workers whose job is to do maintenance at the inactive compact car factory that made its last Chevrolet Cruze in March. “I haven’t heard anything about it,” Green said by phone Wednesday.
Workhorse spokesman Tom Colton told the Business Courier that if it lands the USPS contract, the vehicles would not necessarily be built in Lordstown.
WASHINGTON/TORONTO (Reuters) - Under pressure from President Donald Trump, General Motors Co said on Wednesday it was in talks to sell an idled northeast Ohio plant to a cash-strapped electric truck-building company. The No. 1 U.S. automaker also said it would invest $700 million in three other plants in Ohio - a state important to Trump's re-election chances in 2020 - and maintain some operations at a Canadian factory that had been slated to close by year end. The decisions came after GM faced months of criticism over its plan announced in November to close five North American plants and cut 15,000 jobs.