|Bid||3.0300 x 1800|
|Ask||3.0200 x 900|
|Day's Range||2.8500 - 3.0799|
|52 Week Range||0.5020 - 5.3700|
|Beta (5Y Monthly)||1.39|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The Dow Jones Industrial Average suffered the biggest one-day point decline in history Thursday due to coronavirus concerns. Greater Cincinnati stocks got slammed along with the broad market.
Commercial vehicles are going electric through launches of demonstration fleets of varying sizes testing the viability of running on battery power or hydrogen fuel cells instead of diesel. Smaller commercial vehicles, like pickup and delivery vans, get the most interest because their electric propulsion systems require fewer batteries that take up space for cargo. According to the U.S. Department of Transportation, 37% of freight moved less than 100 miles in 2015.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...
It is already common knowledge that individual investors do not usually have the necessary resources and abilities to properly research an investment opportunity. As a result, most investors pick their illusory “winners” by making a superficial analysis and research that leads to poor performance on aggregate. Since stock returns aren't usually symmetrically distributed and index […]
An auto plant revival, a lighting company rebound and a blue-chip Greater Cincinnati institution’s steady rise led to the biggest gains of 2019 among local stocks.
Loveland-based Workhorse Group Inc. (NASDAQ: WKHS) has appointed a new chief financial officer just more than a month after the role was vacated. Steve Schrader has been named CFO of the technology company, which designs and builds high-performance battery-electric vehicles, effective Dec. 19. Schrader joins the company with more than 16 years of CFO experience at both public and private companies.
A Greater Cincinnati public company has sold one of its latest inventions while entering a joint venture to monetize another key piece of its business.
It's been a big week for electric trucks. Tesla Inc. (NASDAQ: TSLA) got most of the attention with the theater of its Cybertruck roll-out, with Elon Musk going onstage to present the company's concept for a tank-looking truck that Tesla will start producing in 2021. Also this week, Lordstown Motors Corp., which recently bought an old General Motors Company (NYSE: GM) plant near Youngstown, Ohio, announced that it is taking pre-orders for its electric pickup truck, which the company said will be the first fully electric one to hit the road, near the end of 2020.
Workhorse Group Inc. (NASDAQ: WKHS) has secured a $41 million loan in its third hedge fund deal in a year that the electric truck maker said will let it build out a backlog of 1,100 orders for lightweight commercial delivery vans. Financially challenged Workhorse, which booked just $4,000 in revenue in the third quarter, will use the proceeds from the new loan to pay off Marathon Asset Management, which charged 7.625% annual interest on a total loan of $35 million. The new lender, High Trail Capital, will charge Workhorse 4.5% a year to be paid quarterly beginning in February 2020.
Benzinga Pro's Stocks To Watch For Friday Tesla (TSLA) - Shares were down about 3% to under the $350 level following Thursday evening's unveiling of the company's new pickup, the Cybertruck. Uber (UBER) ...
Pickups form the largest share of the specialty equipment industry because they are simply a great platform for modification. The Specialized Equipment Market Association (SEMA) rated Ford Motor Company's (NYSE: F) F Series as the most customizable truck and its majesty, Fiat Chrysler Automobiles' (NYSE: FCAU) Jeep Wrangler as the winner of the SUV category.
The CFO of one of Greater Cincinnati’s largest public companies has stepped down. Workhorse Group Inc. (Nasdaq: WKHS) announced Tuesday that CFO Paul Gaitan had left his role immediately. It said the move “was not the result of any disagreement with the company nor any issue related to the company’s financial statements or accounting practices.” Workhorse has named controller Greg Ackerson as its interim CFO while the company works with a nationally recognized executive search firm to find a permanent replacement.
Workhorse Group Inc. (NASDAQ: WKHS) signed several partnership deals to leverage its intellectual property in electric trucks and drones in the third quarter while more than doubling its loss of a year ago. "We are in the final stages of transition from our first-generation vans to the next generation," Workhorse Chief Financial Officer Paul Gaitan said on a Nov. 8 conference call with analysts.
General Motors Co. (NYSE: GM) confirmed the sale of its shuttered Lordstown Assembly complex in northeast Ohio to startup Lordstown Motors Corp., which plans to build a battery-powered electric pickup truck focused on fleet customers. Neither Lordstown Motors Corp. founder Steve Burns nor GM would disclose a sale price for the 6.2 million-square-foot plant that opened in 1966. "The major fundraising starts today," Burns told FreightWaves in a telephone interview Thursday.
Workhorse Group (NASDAQ: WKHS ) reported third-quarter sales of $4,000 on Friday, which missed the analyst consensus estimate of $60,000. The company reports third-quarter net loss of $11.5 million versus ...
General Motors has sold its shuttered Lordstown manufacturing plant to an electric truck startup headed by Steve Burns, the former CEO of Loveland-based Workhorse Group, Bloomberg reported Thursday.
General Motors Co. (NYSE: GM) planned to announce Thursday that it has sold its Lordstown, Ohio plant to an electric truck startup, Bloomberg reported. Terms of the deal with Lordstown Motors Corp., which was created to buy the GM plant, weren't disclosed. Shares of Workhorse Group Inc. (NASDAQ: WKHS), which created the affiliated Lordstown Motors and said it planned to have a minority stake in it, shot up nearly 30% on the news.
General Motors Co confirmed on Thursday it has sold its shuttered Lordstown Assembly plant in Ohio to a start-up that has an ambitious plan to begin building electric pickup trucks by the end of 2020. Lordstown Motors Corp, which is 10% owned by Workhorse Group Inc, has retained Ohio investment bank Brown Gibbons Lang & Co and is working to raise additional capital, Lordstown Chief Executive Steve Burns said in an interview. The fate of the northeastern Ohio plant has become a lighting rod in the 2020 presidential election after GM announced in November 2018 its planned closure, drawing condemnation from U.S. President Donald Trump and many U.S. lawmakers.
Electric truck maker Workhorse Inc. (NASDAQ: WKHS) is selling its Surefly flying car project to aerospace and defense contractor Moog Inc. (NYSE: Moog.A) for $4 million and forming a joint venture with Moog to boost its truck-based drone delivery efforts. Workhorse had been trying to sell the Surefly vertical-lift copter assets to raise money to build its lightweight NGEN electric-powered step vans. Workhorse has about 1,100 pending orders for the step vans, the largest from United Parcel Service Inc.(UPS), according to CEO Duane Hughes.
A Greater Cincinnati public company is expanding its reach with a new partnership that will allow it to launch a pilot drone delivery program related to health care.
Every investor in Workhorse Group Inc. (NASDAQ:WKHS) should be aware of the most powerful shareholder groups...
When asked about reports General Motors Co may turn its shuttered Lordstown, Ohio, plant into a battery factory, "Buffalo" Joe Nero snorts and points at the vast complex that until six months ago made the Chevrolet Cruze. The United Auto Workers (UAW) union, which went on strike last week, agrees. GM's decision to close it and three other U.S. facilities due to sagging U.S. passenger car sales has drawn widespread criticism, including from President Donald Trump.