This news sentiment score is similar to the average news sentiment of Auto/Tires/Trucks companies.News Coverage This Week MarketBeat has tracked 6 news articles for Workhorse Group this week, compared to 2 articles on an average week. - March 10, 2021) - The Thornton Law Firm alerts investors that a class action lawsuit has been filed on behalf of investors of Workhorse Group Inc. Workhorse is using GreenPower's chassis while it works to develop two new electric-truck platforms of its own. Workhorse Group Inc shares are trading lower after the company reported second-quarter earnings results and cut 2022 elect. The company said it received its first shipment of chassis from GreenPower in July and is on track to begin production of its GreenPower-based chassis-cab vehicles by the end of September, with delivery vans following before the end of 2022. While the government continues to delay the awarding of the estimated 6.3 billion contract, Workhorse signed a deal with Pride Group Enterprises for 6,320 C-Series all-electric delivery vehicles. Workhorse’s general and administrative expenses for the quarter were 4.6 million higher than compared to last year, in part because of severance packages for the people who got Workhorse into its. Workhorse is in the process of transitioning to a new product lineup, to be built on electric-truck chassis supplied by GreenPower Motor. Net loss: $21.2 million, versus $43.6 million in the year-ago period.Revenue: $12,555 for the quarter, down from $1.2 million in the year-ago period.Postal Service contract loss ended the speculation in Workhorse Group (NASDAQ:WKHS).WKHS stock peaked at 42.96. Workhorse announced the guidance changes as part of its second-quarter earnings release. Workhorse will receive an additional 4 commission on the gross sales price of trucks sold which fulfill the 6,000 pre-orders for the W-15 transferred from the Company to LMC. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. The stock ended the day at $3.39, down about 24%. Investors may note that Workhorse is a company that’s been trending in the wrong direction for some time. Stock Prodigy Who Found NIO at $2… Says Buy THIS NowĪnalyst Who Found Microsoft at $0.Workhorse's shares dropped sharply after the news was released. Currently, WKHS stock is down approximately 10 on heavy volume.
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Read More: Penny Stocks - How to Profit Without Getting Scammed More From InvestorPlace Workhorse Group Reports First Quarter 2022 Results PRESS RELEASE. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that ’s writers disclose this fact and warn readers of the risks. Workhorse Announces Annual Stockholders Meeting Results RECENT NEWS. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators.
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