Yes, it would be a major setback. At first, the focus was on developing EVs for two-seat roadsters. The company got its start back in 2007 and was called AMP Electric Vehicles. But it’s unclear what the impact on the stock would be if Workhorse wins part of the contract. The company was founded by Stephen S. Burns on February 20, 2007 and is headquartered in Loveland, OH. Commercial electric-vehicle maker Workhorse received a zero-emission designation from the California Air Resources Board Wednesday. The Lordstown Motors plant, the former General Motors assembly plant, is likely the manufacturing site for the Workhorse mail truck should the company prove successful. 1125 N. Charles St, Baltimore, MD 21201. The investment banking firm that predicted a Cincinnati area-based affiliate of Lordstown Motors Corp. would win the multibillion U.S. This copy is for your personal, non-commercial use only. Covid-19 has delayed the pending U.S. Sure, the market for battery-electric commercial delivery vehicles is tremendous, and getting bigger by the week. Workhorse does have contracts — albeit relatively small — with companies like Ryder (NYSE:R). nodes[i].dataset.subscription : nodes[i].getAttribute('data-subscription'); if(status ==='true') {nodes[i].checked = true;}}};var nodes = document.querySelectorAll('#form1783 select[data-value]'); if (nodes) { for (var i = 0; i < nodes.length; i++) { var node = nodes[i]; var selectedValue = node.dataset ? Copyright © Tribune Chronicle | https://www.tribtoday.com | 240 Franklin Street SE, Warren, OH 44483 | 330-841-1600 | Ogden Newspapers | The Nutting Company, “We always viewed political optics of an award before the election as essential, and now see increased risk for an award,”. With the surge in the growth of e-commerce, there is a need for more cost-effective last-mile delivery vehicles. If you have the stomach for risk, I absolutely believe Workhorse is one of the better money losers to speculate on. Closing the merger is the final step toward Lordstown Motors being a publicly traded company. . © 2020 Insider Inc. and finanzen.net GmbH (Imprint). The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015. The Man Who Recommended 23 1,000% Winners Is Revealing His #1 Stock for 2020. ... WKHS stock news. Workhorse estimates that its vehicles have 60% less maintenance expense versus fossil-fueled trucks. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. Now investors have to wait. I get excited just looking at photos of the latest electric vehicle to hit the market, whether it be of the commercial or passenger variety. Just looking at the Xpeng (NYSE:XPEV) G3 electric SUV has me ready to trade in my Jeep Cherokee the minute it is available in North America. Copyright © 2020 InvestorPlace Media, LLC. After all, if things pan out, the return should be substantial anyway. Chris Markoch likes its potential but thinks its stock is overvalued. WKHS stock news The slide in the broad S&P 500 index and in NASDAQ – where Workhorse is trading – is weighing on the Ohio-based electric vehicle maker. Covid-19 has delayed the pending U.S. “We always viewed political optics of an award before the election as essential, and now see increased risk for an award,” the published report states of Roth analyst Craig Irwin’s comment. That’s good for Workhorse’s business because it raises the odds of success. risk, allowing investors to make better decisions and streamline their work ow. He cut his target price to $27 from $33. Shareholder percentage totals can add to more than 100% because some holders are included in the free float.