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Workhorse Group Inc - WKHS STOCK NEWS

Welcome to our dedicated news page for Workhorse Group (Ticker: WKHS), a resource for investors and traders seeking the latest updates and insights on Workhorse Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Workhorse Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Workhorse Group's position in the market.

News
Workhorse Group Receives First Fleet Order for W56 Step Van
Rhea-AI Summary
Workhorse Group Inc. (Nasdaq: WKHS) has received its first fleet order for the W56 step van from Mission Linen Supply, a California based, privately-held company. The initial 15-vehicle order is expected to be delivered in 2024. The W56 provides a unique blend of high reliability, quality, and serviceability, with a benchmark payload capacity of up to approximately 10,000 pounds and a range of up to 150 miles. The W56 step van also offers a large 1,000+ cubic foot cargo box with lowered step-in and wide cabin door for easier entry and exit. Workhorse CEO Rick Dauch expressed excitement about this milestone, emphasizing the vehicle's capability and reliability. Mission Linen Supply's Senior Manager for Fleet and Safety, Corporate Services, Evelyn Scott-Phillips, also praised the W56's advanced technology and features, highlighting the superb support from the Workhorse team during the demo.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.71%
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none
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News
Workhorse Group Expands West Coast Presence, Adding The Truck Shop as its Latest Dealer
Rhea-AI Summary
Workhorse Group Inc. (Nasdaq: WKHS) has announced the addition of The Truck Shop as a dealer, expanding its total dealer count to nine. The Truck Shop, with locations in Washington and Oregon, will serve as a gateway to sales in the Pacific Northwest. The partnership aims to tap into the growing demand for zero emission commercial vehicles in the region.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.71%
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none
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News
Workhorse Group Expands Dealer Network to Eight Partners Nationwide
Rhea-AI Summary
Workhorse Group Inc. (Nasdaq: WKHS) has expanded its dealer network by adding Colonial Equipment Company and Freeway Isuzu, along with Fairway EV as a Certified Dealer. The Certified Dealer Program aims to establish a verified network of dealers for safe repair and maintenance of electric components in Workhorse vehicles. With a total of eight partners nationwide, Workhorse is strategically growing its sales efforts in the EV market, particularly in California, the nation's leading EV market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.41%
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none
News
Workhorse Group Reports Third Quarter 2023 Results
Rhea-AI Summary
Workhorse Group Inc. (Nasdaq: WKHS) reported Q3 2023 financial results, highlighting progress in commercial EV, drone, and last mile delivery product roadmaps. Despite financial impact due to HVIP voucher delays, the company resolved the issue and received approval for a first-of-its-kind program from the California Air Resources Board. Workhorse also achieved milestones in its aerospace business and is exploring strategic alternatives. The company's 2023 full year revenue guidance has been reduced due to market disruption caused by delayed access to the California market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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earnings
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News
Workhorse Group Reschedules Third Quarter 2023 Earnings Call to Tuesday, November 14, 2023 at 8:00 a.m. ET
Rhea-AI Summary
Workhorse Group Inc. has rescheduled its third quarter earnings conference call to Tuesday, November 14th at 8:00 a.m. Eastern time. The company will discuss financial results for the third quarter and its plans and outlook. Financial results will be issued in a press release prior to the call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.39%
Tags
earnings
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News
Workhorse Group Sets Third Quarter 2023 Earnings Call for Tuesday, November 7, 2023 at 10:00 a.m. ET
Rhea-AI Summary
Workhorse Group Inc. will hold a conference call on November 7th to discuss its financial results for Q3 2023. The call will include a presentation and a Q&A period. The company's financial results will be issued in a press release prior to the call. The call will be broadcast live and available for replay on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.69%
Tags
earnings
News
Workhorse Group Advances Aero Business
Rhea-AI Summary
Workhorse Group Inc. announces progress in advancing Workhorse Aero, its drone business. The company is working towards FAA approval for its drone, Horsefly, to operate under UPS Flight Forward's drone airline certificate. Workhorse Aero has also received two additional grants from the USDA for farmland scanning.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.97%
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none
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News
Workhorse Receives IRS Approval for Commercial Clean Vehicle Credit
Rhea-AI Summary
Workhorse Group Inc. receives IRS approval as a qualified manufacturer for the Commercial Clean Vehicle Credit, allowing customers to receive up to a $40,000 credit for deliveries of all Workhorse vehicles in 2023 and beyond.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.79%
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News
Workhorse Begins Production of W56 Chassis
Rhea-AI Summary
Workhorse Group Inc. starts production of W56 electric vehicle chassis, expects strong customer interest and firm purchase orders in Q4
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.85%
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none
News
Workhorse Group Stockholders Approve Share Authorization Proposal
Rhea-AI Summary
Workhorse stockholders approve proposal to increase number of shares
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.57%
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Stock WKHS logo
Workhorse Group Inc

Nasdaq:WKHS

WKHS Rankings

#4694 Ranked by Market Cap
#5404 Ranked by Stock Gains
N/A Ranked by Dividends

WKHS Stock Data

61.32M
309.05M
6.35%
16.38%
17.59%
Motor Vehicle Gasoline Engine and Engine Parts Manufacturing
Manufacturing
Link
US
Loveland

About WKHS

the workhorse group designs and produces battery-electric power trains in its 50,000 sq. ft. facility in loveland, oh for its new workhorse chassis. workhorse’s approach to building its battery electric power trains uses proven, automotive-grade, mass-produced parts coupled with its custom designed, proprietary control software. workhorse group inc. is an original equipment manufacturer (oem) of class 3-6 workhorse brand medium-duty truck chassis. its 200,000 sq. ft. assembly plant enables it to build the tried and true w62 chassis and the new, narrower-track w88 chassis at price points and performance specifications sure to be attractive to fleet purchasers. the horsefly™ uav delivery system is a custom built, high efficiency octocopter-based delivery uav that is fully integrated with our line of electric/hybrid delivery trucks. the horsefly system is designed to conform to the faa guidelines for uav operation in the u.s. most notably, being fully integrated with delivery trucks, the