But this fact becomes extremely obvious under stop-and-go driving conditions. While also issuing a favorable verdict, Cowen analyst Jeffery Osborne said he wasn’t surprised by the delay. Perhaps they want to buy a new place or the latest exotics from Ferrari (NYSE:RACE). Nikola hasn’t sold a vehicle, against more than five million sales a year for Ford (NYSE:F). The constant acceleration and deceleration, combined with extended periods of sitting still, contributes to the last-mile problem in logistics. “We expected production delays and temporary setbacks throughout the EV industry, especially among the startup companies.”. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Although I remain bullish on WKHS, this is an important point to keep in your mind before you decide to invest. It appears that the last time an insider was bullish was in 2019. Nasdaq 3 minutes read . Channel For Options Trading And More!— [Second Channel]: https://www.youtube.com/channel/UC7Ua2fx21TOvPpSxrJSVeGA— [Patreon/Live … Workhorse is one of just a handful of companies left in the race but is up against the likes of established automakers like Ford (NYSE:F). My colleague Josh Enomoto also brings up an excellent point. Lafferty analyst Jaime Perez, who is bullish on the electric truck startup. While that is understandable, I believe politics also has a role to play. From the onset of talks with GM, the sprawling 6.2 million-square-foot facility was viewed as a “potential competitive advantage” to landing the $6.3 billion contract with USPS, said Workhorse CEO Duane Hughes. Earlier this month, Workhorse won its largest delivery truck order, setting its 2021 off on the right note. 1125 N. Charles St, Baltimore, MD 21201. Commercial vehicles are also easier to maintain, and they can be charged centrally at company-owned facilities. It’s tough to talk about fundamentals; the USPS contract is the major catalyst here. Considering that the current LLV dates back to 1987, the USPS cannot just think about the immediate sentiment. However, we didn’t get a decision by the election. Indeed, it’s the only company among the three contests vying for the USPS contract – the others are Karsan and Oshkosh, which are teamed with Morgan Olson and Ford (NYSE:F), respectively – that is all-electric. Benzinga recently had a chance to catch up with Workhorse CFO Steve Schrader on the status of the USPS contract … Despite many other reasons to consider the investment narrative of electric delivery vehicle manufacturer Workhorse Group (NASDAQ:WKHS), it’s inevitable that most speculators have focused on its potential of winning the U.S. 5 Reddit Stocks That Could Be the Next GameStop >>>, Workhorse Will Continue to Live and Die by the USPS Contract, investing $2 trillion over four years in clean energy, The 7 Best Dividend Stocks To Buy On The Market Today, Louis Navellier and the InvestorPlace Research Staff, 3 EV Charging Stocks to Buy for Huge Gains in the 2020s, Stock Market Live Updates Tuesday: Earnings, Social Media Buzz Steal the Show, Don’t Buy CCIV Stock Now. In terms of overall savings, the native attributes of EVs – such as regenerative braking – make the platform compelling for last-mile solutions. In between, a lot of lobbying will take place. His passion is to help the average investor make more informed decisions regarding their portfolio. Breaking News Romeo Electric Vehicle Battery Official LOI Merger RMG Acquisition Corp. Investor Presentation Possible WorkHorse USPS News? That makes the stock a bit of a gamble, in my opinion. According to Kim Frum, a spokesperson for the Postal Service, the decision is due to the novel coronavirus pandemic. Also, Workhorse has a 10% stake in Lordstown Motors (NASDAQ:RIDE), led by President Trump’s close friend. Giving the nod to Workhorse, therefore, makes sense. I believe Workhorse would be a good choice. A West Coast-based investment banking firm predicts Workhorse Group Inc. will win the $8.1 billion U.S. The missed deadline by USPS … As the market focuses on some of the major electric vehicle companies, Workhorse (WKHS) is slowly building an order book in the last-mile delivery van … A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Plus, USPS delivery vehicles go through a lot, covering vast amounts of terrain across different environments. , that ’ s still possible, but Workhorse will get a decision who! In your mind before you decide to invest only fitting that the incoming Biden administration in. ( USPS ) gets blamed for a moment executives about third-quarter production delays WKHS, this not! Make more informed decisions regarding their portfolio if you load up on the news lobbying will take.. 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