|Bid||15.18 x 2900|
|Ask||15.18 x 1800|
|Day's Range||13.58 - 15.93|
|52 Week Range||4.09 - 42.96|
|Beta (5Y Monthly)||2.66|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 09, 2021 - Aug 13, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||12.70|
CINCINNATI, June 16, 2021 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ: WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last mile delivery sector, announced today that it has filed a formal complaint with the United States Federal Court of Claims protesting the award of the United States Postal Service Next Generation Delivery Vehicle (“USPS NGDV”) contract to a competing finali
Shares of would-be electric-truck producer Workhorse Group (NASDAQ: WKHS) jumped more than 12% in early trading on the Nasdaq today but have since settled down to just a 4% gain as of 1:40 p.m. EDT. Four months ago, if you recall, Workhorse suffered a near-fatal blow when the U.S. Postal Service (USPS) awarded a massive $482 million initial order for "Next Generation Delivery Vehicles" (i.e., new mail trucks) not to Workhorse but to rival bidder Oshkosh (NYSE: OSK) and its internal combustion-powered trucks instead. This was quite a letdown for Workhorse, which had promised to build cutting-edge electric trucks for the post office, possibly equipped with even more cutting-edge rooftop drones for delivery to isolated locations.
WASHINGTON (Reuters) -Electric vehicle company Workhorse Group filed a legal challenge on Wednesday to the U.S. Postal Service (USPS) decision in February to award a multibillion-dollar, 10-year contract to Oshkosh Defense to manufacture a new generation of postal delivery vehicles. Workhorse had proposed building an all-electric vehicle fleet for USPS and has support of many U.S. lawmakers. USPS did not immediately comment.