WKHS - Workhorse Group Inc.
16.10 -0.40 (-2.42%)
Before hours: 5:13AM EDT
Chart Events
MACD
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 15.44 |
| Open | 16.40 |
| Bid | 16.10 x 1100 |
| Ask | 16.40 x 1300 |
| Day's Range | 15.02 - 16.65 |
| 52 Week Range | 1.32 - 22.90 |
| Volume | 20,897,478 |
| Avg. Volume | 19,209,117 |
| Market Cap | 1.504B |
| Beta (5Y Monthly) | 2.63 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.39 |
| Earnings Date | May 06, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 15.13 |
Fair Value
Related Research
- Motley Fool
Workhorse Group Begins Delivery of Electric Package Vans to Ryder System for Rentals
Electric delivery-van maker Workhorse Group (NASDAQ: WKHS) today said that it is beginning deliveries of its new C-Series vans, and that Ryder System (NYSE: R) will offer the C-Series to its commercial-fleet customers via leases and short-term rentals. In a joint statement, Workhorse and Ryder said that Ryder will offer its first batch of C-1000 vans, the larger of the two C-Series variants, to fleet managers that are looking for short-term rentals via its peer-to-peer truck-sharing platform. While Ryder's short-term truck rentals are often used to help fleets handle overflow demand, in this case the program will allow fleet operators to try the new Workhorse vans in various markets without making a long-term financial commitment, the companies said.
- Benzinga
Workhorse Gets Jolt For Zero-Emissions Electric Vans
Workhorse Group Inc (NASDAQ: WKHS) can sell its zero-emission C-Series electric delivery vans in all 50 states after a California ruling buttressed a federal finding in the company's favor.Now, Workhorse just has to build the vans.The Cincinnati-based manufacturer is building a couple of trucks a day at its Union City, Indiana plant. The goal is 300 to 400 vans this year. United Parcel Service, Inc. (NYSE: UPS) and DHL have placed orders for about 1,100 vans.The California Air Resources Board (CARB) issued an executive order to Workhorse valid for an unspecified year. CARB's website does not show the order yet. Workhorse's previous E-Series electric van received a certification for 2018. Workhorse stopped making the E-Series vans to focus on developing the composite-body C-Series vans with cargo capacities of 400 to 1,200 cubic feet. Initially, it is making 650- and 1,000-cubic-foot vans.Monday's news drove Workhorse shares higher. They are up 600% over the last 90 days. Most public electric truck makers' shares are surging, led by Tesla Inc (NASDAQ: TSLA), which was up more than 7% at $1,664 in midday trading.Incentivized Sales Ahead The executive order from CARB eases Workhorse's inclusion in California's Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP). The state uses proceeds from Cap and Trade fines to incentivize buyers of near-zero and zero-emission vehicles (ZEVs). Since 2009, California has issued 3,165 vouchers worth nearly $366 million for ZEVs. Workhorse received a certificate of conformity from the U.S. Environmental Protection Agency (EPA) in March. The CARB order is important because California and 13 other states require more than just EPA compliance for vehicles to be sold in those states."Obtaining this Executive Order from CARB is another milestone achievement for Workhorse and for the electric vehicle industry at large," CEO Duane Hughes said, adding that he expects HVIP to be " a major growth stimulus as more voucher funds become available in the future."CARB's recent Advanced Clean Truck regulation for the first time requires commercial vehicle manufacturers to meet quotas for selling electric vehicles, beginning at 9% in 2024 and moving to exclusively electric trucks by 2045.Click for more FreightWaves articles by Alan Adler.Related articles:Workhorse looks to scale electric truck productionWhat happens in California doesn't stay in CaliforniaCalifornia regulators to fleets: Buy those electric trucksSee more from Benzinga * Electric Truck Maker Rivian Secures .5B In New Financing * Electric Truck Story Stocks Drive Market Enthusiasm * U.S. Airlines Cancel Hong Kong Flights Over Crew Testing(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Motley Fool
Why Workhorse Group Stock Is Higher Today
Shares of electric delivery-van maker Workhorse Group (NASDAQ: WKHS) were trading higher on Monday, after a Wall Street analyst reiterated his buy rating and raised his price target for the stock. Separately, Workhorse announced that it has received approval to sell its vans as zero-emissions vehicles in California. In a note on Monday morning, Roth Capital analyst Craig Irwin reiterated his previous buy rating on Workhorse's shares and raised his price target for the stock to $27 from $12.
- Simply Wall St.
What Percentage Of Workhorse Group Inc. (NASDAQ:WKHS) Shares Do Insiders Own?
Every investor in Workhorse Group Inc. (NASDAQ:WKHS) should be aware of the most powerful shareholder groups...
- Zacks
EV Stocks are Shooting the Lights Out: Is it Just a Bubble?
Although the opportunities in the EV sector are abundant, the latest hype in the industry is a reminiscent of the dot-com boom in the 1990s.
- PR Newswire
Workhorse Deliveries Begin as Ryder Offers the C-Series All-Electric Step Vans
Workhorse Group Inc. (NASDAQ: WKHS), an American technology company focused on providing sustainable and cost-effective electric drone-integrated vehicles to the last mile delivery sector, today announced that Ryder System, Inc. (NYSE: R) will begin offering the C-Series Workhorse all-electric step van through the company's ChoiceLease and SelectCare product lines, as well as for short-term rentals on COOP by Ryder®.
- PR Newswire
Workhorse C-Series All-Electric Delivery Trucks Awarded Executive Order From the California Air Resources Board
Workhorse Group Inc. (Nasdaq: WKHS) ("Workhorse"), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last-mile delivery sector, announced that its C-Series all-electric delivery trucks have received Executive Order: A-445-0003 from the California Air Resources Board ("CARB"), which is valid for production of a vehicle during the specified model year. With this certification, the C-Series trucks are designated as zero-emission vehicles in the state of California. Workhorse also becomes the first and only medium duty battery electric vehicle ("BEV") original equipment manufacturer ("OEM") to receive approvals from both the Environmental Protection Agency ("EPA") as well as CARB.
- Benzinga
Electric Truck Story Stocks Drive Market Enthusiasm
Talk about a V-shaped recovery. Shares of electrification startup Nikola Corp. (NASDAQ: NKLA) experienced the bounce back this week that few still predict for the nation's economy following the COVID-19 pandemic.Storytelling, more than products and revenue, is stoking market enthusiasm for electric trucks, including Workhorse Group (NASDAQ: WKHS). The early-stage maker of electric delivery vans is attracting heady interest because of a possible windfall from startup Lordstown Motors Corp. Tortoise Acquisition (NYSE: SHLL), siring hybrid-electric truck maker Hyliion Inc. to public trading this quarter, is advancing at a turtle-like pace after an early hare-like dash following announcement of its reverse merger.Nikola bounces around Nikola expects to begin generating meaningful revenue in late 2021. That assumes a successful manufacturing launch of its battery-electric heavy-duty Tre model in a joint venture with CNH Industrial N.V. (NYSE: CNHI) subsidiary IVECO in Ulm, Germany. The lack of revenue, never mind profit, mattered little to investors who drove Nikola's price to almost $100 per share in the days following its June 2 emergence as a public company in a reverse merger with special purpose acquisition company (SPAC) VectoIQ. The runup proved short-lived as Nikola Executive Chairman Trevor Milton sparred on Twitter with short sellers betting the price would fall. He urges investors to get on board for the long haul and embrace his vision of zero-emission trucks contributing to a cleaner planet. Nikola shares got a brief kick June 29 from cash deposits on the Badger, a battery-electric pickup truck with a fuel cell range extender. Nikola still needs a manufacturing partner. Could Toyota Motor Corp. (NYSE: TM), which recently fell behind electric car maker Tesla Inc. (NASDAQ: TSLA) as the world's most valued automaker, be a candidate? Toyota makes the Mirai fuel cell sedan and is partnering with Kenworth Truck Co. to build a test fleet of 10 Class 8 fuel cell trucks. It also sells the market-leading Tacoma midsize pickup and the less-popular Tundra full-size pickup.Diverging target prices from analysts at J.P. Morgan and Cowen initiating Nikola coverage created an opinion gap of more than $30. Early investors headed for the exits with hefty profits. Both analysts lauded Nikola's long-term business plan – leasing fuel cell trucks with hydrogen fuel and maintenance to keep them on the road for seven years and one million miles. In setting a target of $45, J.P. Morgan said the stock, then trading around $70 a share, was fully valued. Cowen, which helped VectorIQ with its own initial public offering in 2018 and advised on the reverse merger to bring Nikola public, set an outperform target of $79 a share.Supply and demand imbalance Expiring lockups on investors who bought VectorIQ shares at $10 in a pre-merger private investment in public equity (PIPE) put up to 50 million Nikola shares in play along with warrants that would add 23 million new shares. The result: too many shares and too few buyers. The stock fell into the low $40s.Sellers included longtime Nikola supporter Worthington Industries (NYSE: WOR), which disclosed on July 8 that it sold 5 million of its 19 million Nikola shares on July 6-7, reaping nearly $238 million before taxes. Current Nikola CEO Mark Russell joined the company from Worthington in February 2019.The rebound to nearly $60 coincided with J.P. Morgan moving to an "overweight" rating from "neutral." Analyst Paul Coster pointed to several catalysts strengthening Nikola's prospects. Shares fell Friday along with the overall market."In our view, [Nikola] is currently a story-stock, but we are on board as long as the company executes to plan, and providing the stock offers a favorable risk-reward trade-off," Coster wrote in a note to clients on Wednesday, July 8.Workhorse keeps borrowing Workhorse is finally building its composite body electric delivery vans – called the C-Series – in Union City, Indiana. But with just 300 to 400 vans expected this year, investors spy the possible payday Workhorse could get if Lordstown Motors (LMC) succeeds in building electric pickups from licensed Workhorse technology. In addition to a 10% stake in the startup, Workhorse gets royalties on the first 200,000 Endurance pickups made by LMC, started by former Workhorse CEO Steve Burns. If LMC gets the $400 million it needs to retool the former General Motors Company (NYSE: GM) car plant, it plans to build 20,000 pickups in its first year. It would also be Workhorse's contract manufacturer for the next-generation United States Postal Service (USPS) delivery vehicle. Workhorse is in the running for some or all of the $6 billion contract."We see the chance of winning a material USPS contract as virtually zero," Hindenburg Research said Friday in predicting a 50% decline in Workhorse shares. It said it was shorting the shares because Workhorse's "astronomical value" is out of synch with revenue.Betting on a windfall Investors, many of whom appear to be day traders, latched onto Workhorse because of the LMC deal. They posted unceasing stock-boosting messages during the online reveal of the Endurance by Burns and Vice President Mike Pence on June 25.Workhorse has been long beset by dilution of its shares. It signed a potentially costly senior convertible note on June 30. It gets $70 million from High Trail Capital, the same hedge fund it borrowed $41 million from in November 2019. Workhorse must start repaying the note in October. "With this note in place, we have much greater financial flexibility to support our current and future production needs," CEO Duane Hughes said.The new money should allow Workhorse to build the 1,100 pending van orders from United Parcel Service, Inc. (NYSE: UPS) and DHL. Workhorse is still seeking a $40 million credit facility.Hyliion on a tortoise pace Hyliion Inc., which makes a hybrid diesel-electric powertrain for Class 8 trucks, will get the Nikola reverse merger treatment as soon as the U.S. Securities and Exchange Commission completes its review.Tortoise Acquisition announced its role as the blank check company bringing Hyliion public on June 22. That set off a runup in Tortoise shares, similar to what occurred when VectoIQ announced its plans for Nikola in March. A preorder of 1,000 trucks by logistics giant Agility on June 25 drove another surge. Shares now traded Friday in the mid $20s. Of the electric truck makers, Hyliion has the fewest obstacles to market. Its natural gas-electric ERX Hypertruck hybrid powertrain goes into test production in 2021 with deliveries in 2022. There are 700 natural gas filling stations in the U.S., freeing Hyliion of creating a fueling infrastructure. The natural gas generator makes electricity to drive the truck and charge a small electric motor capable of 25 miles of pure electric driving. That range meets expected future bans on truck emissions in urban centers,If Hyliion follows the Nikola public playbook, Tortoise shares could rise when the SEC approves the merger and again when the merger is complete. The symbol SHLL will switch to HYLN. Hyliion can swap its zero-emissions powertrain into existing heavy-duty trucks, meaning preorders like the one by Agility, which also invested in Hyliion, could follow as fleets seek to meet zero-emission quotas beginning in 2024 under the new California Clean Truck mandate.Click for more FreightWaves articles by Alan Adler.Related articles:New partners Nikola Motors and IVECO target Europe with alternative propulsion truckmillion financing keeps Workhorse's share surge hummingHyliion takes reverse merger path to public tradingPhoto: HyliionSee more from Benzinga * U.S. Airlines Cancel Hong Kong Flights Over Crew Testing * What Happens In California Doesn't Stay In California * Rejections Take A Surprising Turn – FreightWaves NOW(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Benzinga
ROCE Insights For Workhorse Group
Workhorse Group (NASDAQ: WKHS) posted a 119.28% decrease in earnings from Q4. Sales, however, increased by 3124.94% over the previous quarter to $84,300. Despite the increase in sales this quarter, the decrease in earnings may suggest Workhorse Group is not utilizing its capital as effectively as possible. Workhorse Group collected $2,610 in revenue during Q4, but reported a $4.76 million loss in earnings.Why ROCE Is Significant Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed in a business. Changes in earnings and sales indicate shifts in a company's ROCE. A higher ROCE is generally representative of successful growth in a company and is a sign of higher earnings per share for shareholders in the future. A low or negative ROCE suggests the opposite.In Q1, Workhorse Group posted a ROCE of 2.39%.View more earnings on WKHSKeep in mind, while ROCE is a good measure of a company's recent performance, it is not a highly reliable predictor of a company's earnings or sales in the near future.Return on Capital Employed is an important measurement of efficiency and a useful tool when comparing companies that operate in the same industry. A relatively high ROCE indicates a company may be generating profits that can be reinvested into more capital, leading to higher returns and growing EPS for shareholders.For Workhorse Group, the return on capital employed ratio shows the number of assets can actually help the company achieve higher returns, an important note investors will take into account when gauging the payoff from long-term financing strategies.Upcoming Earnings Estimate Analysts predict earnings per share to decrease to a loss of $0.13 a share in Q1.See more from Benzinga * Stocks That Hit 52-Week Highs On Thursday * 14 Consumer Cyclical Stocks Moving In Thursday's Pre-Market Session * Morning Market Stats in 5 Minutes(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Barrons.com
Tesla and NIO Stock Are Skyrocketing. Blame Retail Traders.
Electric vehicle stocks have been on fire recently. But eye-popping gains—as well as a potential Robinhood effect—raise concern of a looming stock price bubble.
- Benzinga
3 ETFs Heavy On Workhorse Stock...Sort Of
Rightfully so, Tesla Inc (NASDAQ: TSLA) is in the spotlight. Nikola (NASDAQ: NKLA) is trying to get there, but amid that electric vehicle battle, Workhorse Group (NASDAQ: WKHS) is attempting to become a story stock in its own right.Though the maker of battery-electric vehicles and aircraft has retreated 27% from its recent high, Workhorse stock is up more than five-fold over the past month. The company recently got approval to bolster its lineup of electric vehicles and it has a stake in electric pickup maker Lordstown Motors Corp. (LMC) some analysts say is worth billion.Bottom line: there's plenty of potential for Workhorse to add chapters to its story stock status, but while the stock was recently added to the Russell 3000 Index, it still isn't heavily represented in the world of exchange-traded funds.However, there are few funds that could become "Workhorse ETFs." Here are a few to consider.See Also: Workhorse's CFO On Meteoric Stock Rise, Electric Delivery Vehicle Maker's Capital PlansSPDR S&P Kensho Smart Mobility ETF (HAIL)Hey, we just mentioned the SPDR S&P Kensho Smart Mobility ETF (NYSE: HAIL) as one of the leaders in the futuristic transportation ETF race and one of the primary reasons the SPDR has that status is because it has one of the largest Workhorse weights among the 15 ETFs with exposure to the stock.Workhorse accounts for 4.38% of HAIL's weight and until Wednesday it was the largest holding in the ETF prior to being surpassed by NIO (NYSE: NIO).Invesco WilderHill Clean Energy ETF (PBW)Now more than 15 years old, the Invesco WilderHill Clean Energy ETF (NYSE: PBW) is one of the oldest clean energy ETFs. Regardless of age, PBW is enjoying the fruits of another strong year for renewable energy ETFs as the Invesco fund is higher by 67% over the past 90 days.The fund, which tracks the WilderHill Clean Energy Index, allocates 4.37% of its weight to Workhorse, making it that stock the largest holding in the ETF. Another 7.44% devoted to Nio and Tesla helps the cause.Invesco DWA Consumer Cyclicals Momentum ETF (PEZ)For those that need a little more momentum to go along with their consumer discretionary exposure, the Invesco DWA Consumer Cyclicals Momentum ETF (NASDAQ: PEZ). In the case of this ETF, its momentum factor is rooted in relative strength with a big tilt away from large caps, which represent just a third of the PEZ roster.Workhorse accounts for almost 3.1% of the PEZ lineup, putting the stock just outside the fund's top 10 holdings, but that's still enough to place PEZ third on the list of Workhorse ETFs in terms of percentage allocated to the stock.See more from Benzinga(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Motley Fool
Workhorse Group's Stock Cut to Neutral; New Investors Might Not Understand the Risks, Analyst Says
A Wall Street analyst who had been bullish on Workhorse Group (NASDAQ: WKHS) gave the electric-van company's shares a downgrade on Thursday. In a note on Thursday morning, Colliers analyst Michael Shlisky cut his rating on the electric delivery-van maker to neutral, from buy, and removed his earlier $11 price target. Noting that Workhorse's share price has increased by over 500% in the last six weeks, Shlisky wrote that while he's "thrilled" that investors have recognized the potential of the company's battery-electric C-Series vans and other products, he's concerned that investors have yet to fully price in some of the uncertainties in Workhorse's story.
- Zacks
Workhorse Group (WKHS) Stock Sinks As Market Gains: What You Should Know
Workhorse Group (WKHS) closed the most recent trading day at $16.66, moving -1.13% from the previous trading session.
- Benzinga
3 Futuristic Transportation ETFs Hitting New Highs
Whether it's Tesla Inc (NASDAQ: TSLA), Workhorse Group (NASDAQ: WKHS), Uber (NYSE: UBER) or another company, how the world gets from Point A to Point B is changing.The exchange-traded funds industry is embracing those changes, offering up an array of funds focusing on electric vehicles, the autonomous vehicle theme or other avenues of next-generation mobility.Predictably, many of these ETFs are growth-heavy funds, a strategy that's working well, but there are a couple of surprises.First, self-driving cars are still not a concept, not something end users can get their hands right now. Second, not all of the funds in this niche are excessively allocated to Tesla, indicating there are more ways for investors to profit from the electric/self-driving car boom than just Elon Musk's company.Here are three funds in this niche that are hitting all-time highs.SPDR S&P Kensho Smart Mobility ETF (HAIL)The SPDR S&P Kensho Smart Mobility ETF (NYSE: HAIL) is up almost 58% over the past 90 days. HAIL follows the S&P Kensho Smart Transportation Index, which features exposure to "companies whose products and services are driving innovation behind smart transportation, which includes the areas of autonomous and connected vehicle technology, drones and drone technologies used for commercial and civilian applications, and advanced transportation tracking and transport optimization systems," according to State Street.To the tune of 3%, Tesla is one of HAIL's 58 holdings, but the secret sauce here is a 4.52% to high-flying Workhorse, meaning HAIL has one of the largest weights to that stock among all ETFs.KraneShares Electric Vehicles & Future Mobility ETF (KARS) Famed for its lineup of China funds, KraneShares has more to offer and the KraneShares Electric Vehicles & Future Mobility ETF (NYSE: KARS) is one of those offerings. KARS is higher by almost 13% year to date, an impressive move considering Tesla isn't on the fund's roster.What's propelling KARS is a diverse lineup that features broad reach into the EV/self-driving ecosystem, including domestic growth fare, such as Nvidia (NASDAQ: NVDA) and Alphabet (NASDAQ: GOOG).iShares Self-Driving EV and Tech ETF (IDRV)The iShares Self-Driving EV and Tech ETF (NYSE: IDRV) is the laggard of this trio with a year-to-date gain of 7%, but its 36.33% jump over the past three months is impressive.IDRV follows the NYSE FactSet Global Autonomous Driving and Electric Vehicle Index and is the most Tesla-heavy of the funds highlighted here with a 6% weight to that stock.At its core, IDRV is a growth fund that emphasizes particular theme as it devotes 76% of its lineup to consumer discretionary and technology stocks.See more from Benzinga * 3 ETFs For DraftKings Exposure * This Value ETF Could Finally Have Its Day * This Clean Energy ETF Is Cleaning Up(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- GuruFocus.com
California Law Set to Boost Tesla and Nikola
Clean trucking initiatives could boost EV profits Continue reading...
- Motley Fool
Nasdaq Sinks 90; Nikola, Workhorse Signal End of EV Run-Up
Tuesday brought an intraday reversal to the stock market. The Nasdaq Composite (NASDAQINDEX: ^IXIC) jumped out to a solid gain by the middle of the day, but by the end of the session, the index was down almost 1%. The Nasdaq 100 saw similar declines, motivated in large part by calls from major players on Wall Street that the stock market's huge rebound from the March lows might have gotten ahead of itself.
- Bloomberg
Hedge Fund That Bet Early on Workhorse Surged 25% in June
(Bloomberg) -- Formidable Asset Management LLC, which took an early position in electric-vehicle maker Workhorse Group Inc., rallied about 25% in June and beat the S&P 500, which was up about 2% in the same month.The main contributor to the fund’s June performance was the position in Workhorse, according to a letter seen by Bloomberg. The fund revealed its stake on June 19, when the stock was around $5 per share. It surged 600% in the month of June. Since then, Workhorse has fallen about 25% so far in July.The hedge fund mitigated some of its risk in Workhorse by holding put options on its competitor Nikola Corp., citing its unfavorable risk-reward. Nikola rose 135% in June, while falling about 35% since the start of July. A position in Boeing Co., which has since been closed, also helped the fund in June, according to the letter.Formidable is headed by chief executive officer and managing partner Will Brown, who previously served as managing partner of BBK Capital Partners and as senior vice president at Raymond James. The chief investment officer is Adam Eagleston, formerly a portfolio manager at Driehaus Capital Management LLC.The Cincinnati-based fund was up 34% in the second quarter, outperforming the 21% total return in the S&P 500 in the same period. It climbed about 73% year-to-date versus a 3.1% total decline in S&P 500 as of the end of June, according to a letter seen by Bloomberg.The performance of the fund came during a month when hedge funds as a group gained about 1.4%, and during a first half when they fell 3.5%, according to preliminary figures from the Bloomberg Hedge Fund Indices. Bloomberg Hedge Fund Indices are based on funds reporting to the Bloomberg Hedge Fund Database.Meanwhile, other trades for Formidable fund included going long Allegiant Travel Co. and short American Airlines Group Inc., biotech and entertainment leveraged debt deals, and a position in gold.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- MarketWatch
Tesla’s stock soars to 4th-straight record as Wall Street’s biggest bear raises price target
Shares of Tesla Inc. charged higher to a fourth-straight record close Monday, after even the most bearish analyst on Wall Street analyst lifted his price target following the electric vehicle maker’s blowout deliveries results.
- GuruFocus.com
What is Going On With Workhorse Group?
An electric vehicle maker out of nowhere is valued at more than $1 billion Continue reading...
- Zacks
Workhorse Group (WKHS) Looks Good: Stock Adds 9% in Session
Workhorse Group (WKHS) saw a big move last session, as its shares jumped more than 9% on the day, amid huge volumes.
- Barrons.com
A California Truck Law Is Bullish for Nikola and Tesla Stock. Here’s Why.
A California law passed recently will benefit the electric vehicle sector, whose stocks have already been on fire lately.
- Zacks
EV Stocks on Fire: Will Tesla Make it to the S&P 500 List?
Green vehicles are indeed striking the right chord with investors, as is evident from the meteoric share price increase of many EV makers.
- Motley Fool
Why Workhorse Group Stock Is Up Today
Shares of Workhorse Group (NASDAQ: WKHS) continued their surge on Thursday. The company's stock has benefited from intense investor interest in electric vehicles and growing awareness of the potential of its battery-electric delivery vans. The lift appears to be driven by investor excitement around the potential of electric commercial vehicles generally and the potential of Workhorse's new C-Series delivery vans.
- TheStreet.com
Trading Speculative Workhorse? Be Careful
During Wednesday's "Mad Money" program, Jim Cramer told viewers that in the speculative camp investors are gambling with shares of Workhorse Group Inc. , a tiny company that's losing a fortune and only has a float of 73 million shares. In this daily candlestick chart of WKHS, below, we can see the dramatic rise in prices in recent days. The On-Balance-Volume (OBV) has been rising with the price action, but I am watching the price momentum study closer.
