Workhorse Group (WKHS) Shoots Up on News From USPS
Workhorse Group (WKHS) shot up 15% today on news from USPS that they will likely be ordering more electric trucks for the postal agency’s next-generation fleet.
Workhorse designs and builds battery-electric trucks and can potentially stand to benefit from USPS’s decision.
The decision by USPS follows backlash and sharp criticism of their ordering of a predominantly gas-powered fleet over Workhorse’s electric vehicles. Investors hope a deal with Workhorse can be reached.
About Workhorse Group Inc.
Workhorse is a technology company focused on providing drone-integrated electric vehicles to the last-mile delivery sector. As an American original equipment manufacturer, we design and build high performance, battery-electric vehicles including trucks and aircraft. Workhorse also develops cloud-based, real-time telematics performance monitoring systems that are fully integrated with our vehicles and enable fleet operators to optimize energy and route efficiency. All Workhorse vehicles are designed to make the movement of people and goods more efficient and less harmful to the environment. For additional information visit workhorse.com.