Workhorse Group Stock Price, News & Analysis

Workhorse Group (NASDAQ:WKHS) and Motiv Electric Trucks have announced a joint conference call scheduled for Tuesday, August 19, 2025, at 10:00 a.m. ET. The call will discuss their previously announced transaction and Workhorse's Q2 2025 financial results released on August 15, 2025.

Shareholders can submit questions via email to shareholder@workhorse.com by 4:00 p.m. ET on August 18, 2025. The conference call will be accessible via U.S. dial-in (877-407-8289) and International dial-in (201-689-8341), with a replay available through August 26, 2025.

Workhorse Group (NASDAQ: WKHS) reported Q2 2025 results and announced a strategic merger with Motiv Electric Trucks to create a leading North American medium-duty electric truck manufacturer. The company achieved record deliveries of 32 trucks and secured 36 purchase orders for W56 step vans in Q2.

Q2 2025 financial highlights include sales of $5.7 million (up from $0.8M YoY), though with increased cost of sales of $13.1 million. The company reduced operating expenses by $7.0 million year-over-year and secured interim funding of $25 million through a sale-leaseback transaction and convertible note financing with Motiv's investors.

The W56 platform demonstrated strong performance with 97% uptime across 212,000 miles in diverse conditions, and the company expanded its product offering with the Utilimaster Aeromaster walk-in van body integration.

Workhorse Group (NASDAQ: WKHS) and Motiv Electric Trucks have signed a definitive merger agreement to create a leading North American medium-duty electric truck OEM, valued at approximately $105 million. The all-stock transaction will result in Motiv's controlling investor owning 62.5% of the combined company, while Workhorse shareholders will retain 26.5%.

The merger combines Workhorse's manufacturing capabilities and dealer network with Motiv's product portfolio and fleet relationships in the $23 billion medium-duty truck segment. Workhorse has secured immediate financing through a $20 million sale-leaseback of its Union City plant and a $5 million convertible note. The combined entity aims to achieve $20 million in cost synergies by 2026.

Post-merger, Motiv CEO Scott Griffith will lead the combined company, while Workhorse CEO Rick Dauch will serve as an advisor. The transaction is expected to close in Q4 2025, subject to shareholder approval and other conditions.

Workhorse Group (NASDAQ: WKHS) has entered into a new 7-day exclusivity agreement with an unnamed private U.S.-based electric commercial vehicle manufacturer regarding a potential merger transaction. This follows a previous 14-day exclusivity period that expired on July 28, 2025.

Under the agreement, Workhorse is restricted from negotiating with other parties for alternative transactions. The proposed merger would involve the private manufacturer merging into a new Workhorse subsidiary in exchange for newly issued WKHS common stock.

If definitive agreements are reached, Workhorse will file a proxy statement with the SEC and seek shareholder approval. The company cautions that there is no guarantee the transaction will be completed.

Workhorse Group (NASDAQ: WKHS) announced it is in discussions regarding a potential merger with a privately held U.S.-based electric commercial vehicle manufacturer. The transaction would result in the manufacturer's current investors holding a majority stake in Workhorse's common stock.

The deal includes a refinancing plan for Workhorse's senior secured convertible notes and warrants, involving a new convertible note and an approximately $20 million sale-leaseback of its Union City facility. The company's current note obligations of about $33 million would be repaid, with the investor receiving 3 million new shares. Workhorse has entered a 14-day exclusivity agreement with the manufacturer.

Workhorse Group (WKHS) reported Q1 2025 financial results with sales of $0.6 million, down from $1.3 million year-over-year. The company secured new orders for 27 W56 step vans and six W4 CC/W750 trucks in 2025. Notable achievements include beginning deliveries of 208-inch extended wheelbase W56 step vans, completing a 2,400-mile demonstration drive, and integrating Geotab telematics technology. Financial metrics show cash and equivalents of $2.6 million, restricted cash of $27.9 million, and inventory of $41.3 million. The company reduced operating expenses by $9.3 million year-over-year and regained Nasdaq compliance through a 1-for-12.5 reverse stock split. Q2 2025 shipments have already reached 18 trucks, six times Q1's volume, with aims to exceed 2024's total shipments by Q2 end.

Workhorse Group (WKHS) has expanded its national dealer network by adding two new locations. Range Truck Group in Fife, Washington joins as a key Pacific Northwest partner, specializing in zero-emission commercial vehicles and charging solutions. Additionally, a third Ziegler Truck Group location in DeForest, Wisconsin strengthens Workhorse's Midwest presence.

The expansion enhances access to Workhorse's Class 4-6 all-electric work trucks. Notably, Ziegler Truck Group is an approved CARB HVIP dealer, providing access to clean transportation incentives. These strategic additions support Workhorse's mission of facilitating the transition to zero-emission commercial vehicles while ensuring reliable dealer support for fleet customers.

Workhorse Group (NASDAQ: WKHS), a technology company focused on zero-emission commercial vehicles, has scheduled its Q1 2025 earnings conference call for Thursday, May 15, 2025 at 8:00 a.m. ET. The company will release its financial results for the quarter ended March 31, 2025, via press release before the call.

The conference call will include a management presentation followed by a Q&A session. Investors can access the call through U.S. dial-in (877-407-8289) or International dial-in (201-689-8341). A replay will be available until May 22, 2025, and can be accessed through the company's website or via telephone.

Workhorse Group (WKHS) has successfully completed a 2,400-mile cross-country drive with its W56 electric step van from Cincinnati to Anaheim for the ACT Expo. The journey demonstrated the vehicle's real-world capabilities across nine states and multiple charging networks.

The W56 achieved impressive performance metrics, including 27 miles per gallon gasoline-equivalent (MPGe) at highway speeds—nearly triple the efficiency of comparable internal combustion engine (ICE) step vans. The vehicle delivered 53% lower fuel costs compared to ICE alternatives and projects 40% lower scheduled maintenance costs over five years.

The Class 5 & 6 step van offers up to 150-miles of real-world range and cargo capacities of 1,000 or 1,200 cubic feet. The demonstration is part of Workhorse's 'We Drove It Here' campaign, which began in October 2024. Both the W56 and W750 models are now approved for sale in Canada.