|Bid||2.8400 x 1000|
|Ask||2.8400 x 3100|
|Day's Range||2.7600 - 2.8900|
|52 Week Range||0.3700 - 5.3700|
|Beta (5Y Monthly)||1.42|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 8, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.50|
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.
Workhorse Group Inc. (NASDAQ: WKHS) ("Workhorse"), an American technology company focused on providing sustainable and cost-effective electric-mobility solutions to the transportation sector, announced that it has completed two separate business transactions with Moog Inc. ("Moog"), a worldwide designer, manufacturer, and integrator of precision control components and systems, involving Workhorse's SureFly® assets and its HorseFly™ operating unit, respectively.
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) ...
Capital Infusion Replaces Existing Financing Agreement with More Flexible Terms; Provides Company with Additional Resources to Execute on Near-Term Objectives CINCINNATI , Nov. 22, 2019 /PRNewswire/ -- ...
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.
Company also Places Initial Order for 5,200 EnerDel Vigor+ Battery Packs CINCINNATI , Nov. 13, 2019 /PRNewswire/ -- Workhorse Group Inc. (NASDAQ: WKHS) ("Workhorse" or "the Company") ...
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.
CINCINNATI, Nov. 12, 2019 /PRNewswire/ -- Workhorse Group Inc. (WKHS) ("Workhorse" or "the Company"), an American technology company focused on providing sustainable and cost-effective electric-mobility solutions to the transportation sector, announced that Paul Gaitan has stepped down from his position as Chief Financial Officer (CFO) of the Company, effective immediately. Gaitan's departure was not the result of any disagreement with the Company nor any issue related to the Company's financial statements or accounting practices.
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.
CINCINNATI, Nov. 8, 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 third quarter ended September 30, 2019. November 2019: Signed Intellectual Property Licensing Agreement (IPLA) with Lordstown Motors Corp. (LMC), a private corporate entity founded by former Workhorse CEO Steve Burns.
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 ...
LORDSTOWN, Ohio, Nov. 7, 2019 /PRNewswire/ -- Lordstown Motors Corp. (LMC), a new original equipment manufacturer (OEM), today announced the acquisition of the GM manufacturing complex in Lordstown, Ohio. The move paves the way for LMC to begin production of the Endurance™ pickup truck, the industry's first all-electric pickup truck purpose-built for fleets starting in late 2020.
CINCINNATI, Nov. 7, 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 an intellectual property licensing agreement ("IPLA") with Lordstown Motors Corp. ("LMC"), a private corporate entity founded by former Workhorse CEO Steve Burns. The LMC entity was created in connection with, and for the purpose of, acquiring the General Motors ("GM") manufacturing facility located in Lordstown, Ohio.
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.
Pomerantz LLP is investigating claims on behalf of investors of Workhorse Group Inc. (“Workhorse” or the “Company”) (NASDAQ: WKHS). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. The investigation concerns whether Workhorse and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
Now officially named the C1000, this EDV was previously known as the Workhorse N-GEN, a placeholder used in reference to the Company's overall development project. With production imminent, the Company is formally unveiling the new, clean name and look. The event will be held on November 5 at the Transportation Research Center (TRC) in East Liberty, OH, the largest independent vehicle test facility in the U.S. During the day, participants will attend a series of educational lectures, perform hands-on inspections and conduct test drives of the new C1000 vehicle.
CINCINNATI , Oct. 31, 2019 /PRNewswire/ -- Workhorse Group Inc. (NASDAQ: WKHS) ("Workhorse " or "the Company") , an American technology company focused on providing sustainable and ...