The USPS Contract. Workhorse stock spent the first half of 2020 plodding along around $3, then suddenly shot up starting in June. By the end of June, WKHS stock had surpassed its â¦ Workhorse Shares Sell Off On Reported Delay Of USPS Contract Award Decision - Avoid The Stock (NASDAQ:WKHS) Henrik Alex Oct. 14, 2020 10:15 AM ET Palantir's Lock-Up Period (NYSE:PLTR) Probably the same if they got quite a large piece of the contract. Dec 02, 2020 Adam. Workhorse (NASDAQ: WKHS) Tanks as the USPS Next Generation Delivery Vehicle (NGDV) Contract Now Expected To Be Announced Toward the End of 2020 By Rohail Saleem Oct 13, 2020 10:15 EDT Many Workhorse bulls have pinned their hopes on Workhorse being awarded all or part of the U.S. Covid-19 has delayed a USPS decision regarding replacing its delivery trucks. Workhorse investors got some bad news Tuesday. Workhorse Shares Sell Off On Reported Delay Of USPS Contract Award Decision - Avoid The Stock Oct. 14, 2020 10:15 AM ET | About: Workhorse Group Inc. (WKHS) , Includes: GM , UPS The USPS has been in talks with companies like Workhorse and Ford since 2018 and has been working closely with them for testing. It may tap Lordstown for manufacturing if Workhorse lands a large contract for the new mail trucks. Updated Dec. 2, 2020 12:09 pm ET / Original Dec. 2, 2020 8:15 am ET Order Reprints Print Article Text size. (Brian â¦ Oct. 11, 2020 8:36 AM ET | | About: Workhorse Group Inc. (WKHS) by: Bears of Wall Street . The USPS contract is a big deal for the company. Another event also impacted Workhorse stock Friday. Workhorse Stock Plummets as USPS Delays Decision on Contract. They already have the truck â¦ But just to give some perspective, the USPS contract is valued at $6 billion and would result in the construction of 165,000 trucks. Dec 02, 2020 Cam. The USPS is in the process of replacing its iconic yet aging white right-hand-drive delivery trucks and Workhorse is the only contract bidder left offering an all-electric option. They also will use the Lordstown plant to build the trucks so they can make the orders. Shouldnât this information be released via an official press release? Theoretically, this makes WKHS stock a â¦ At worst, Workhorse will take part of the contract, if the USPS splits the reward. By. Workhorse (NASDAQ:WKHS) stock suffered a 21.5% drop after the U.S. Workhorse seems to be the right solution in this situation. Workhorse is in the running for a $6 billion USPS delivery fleet contract, but news on that front has WKHS stock up and down like a yo-yo. Workhorse and VT Hackney could build their truck at an idled GM factory in Lordstown, Ohio, that Workhorse has been trying to acquire. The GLLV went out of production back in 1994, according to Fox Business. They are a US based manufacturer. Workhorse Group Inc. tumbled as much 25% Wednesday, leading the sector lower, after reports that the U.S. Theoretically, this makes WKHS stock a resounding buy. Workhorse and the USPS Contract. Channel For Options Trading And More!â ð¡[Second Channel]: https://www.youtube.com/channel/UC7Ua2fx21TOvPpSxrJSVeGAâ ð¡[Patreon/Live â¦ Baltimore's new mayor: Goal is to 'preserve' people's lives. Despite such a poor performance, Workhorse currently trades at a market cap of more than $2.5 billion simply due to the fact that the USPS contract is still in play. Well it 9-18-20 and still no contract. Postal Service further delayed a contract for new mail trucks. October 13, 2020: Workhorse Group, an investor in Lordstown Motors, secures $200 million in financing as it awaits word on the $6 billion dollar USPS contract. Workhorse's USPS Bid: By the end of the year, the United States Postal Service is expected to announce the winner of its Next Generation Development Vehicle contract worth $6.3 billion. Plus: Highlights from the 13th Ohio congressional district debate, and what are the odds we have two, not one, but two stories about murals? Roth Capital analyst Craig Irwin downgraded electric truck maker Workhorse Group - Get Report to neutral from buy after a U.S. The U.S. Cette page présente le bilan comptable de Workhorse Group Inc et résume ainsi la situation financière de l'entreprise y compris les actifs, les passifs, et bien plus encore. Here is why. Al Root. While getting USPS deal would be a great thing for both company and stockholders, in my eyes it is not such a big thing if WKHS ends up without this contract. Though the USPS contracting process has been delayed by the COVID-19 pandemic, an award could be announced as early as Tuesday, Oct. 13. Workhorse Could See All or Part of the USPS Award I also wouldnât get too wound up over the recent downgrade from Roth Capitalâs Craig Irwin. USPS Contract Delay: The big negative catalyst for Workhorse was a downgrade by Roth Capital analyst Craig Irwin. That marks 90 days since the enterprises vying for the 165,000-unit contract submitted their requests and when Roth said USPS expected to announce its decision. I believe that Workhorse will receive the USPS Contract. Bob Wood August 13, 2020 . Irwin cut his rating from Buy to Neutral and lowered his price target from $33 to $27. Shares of Workhorse Group (NASDAQ: WKHS) are down in after-hours trading Tuesday on news of a delay for the long-awaited U.S. Postal Service delayed its decision yet again to award a $6.3 billion contract. If Workhorse got the whole USPS contract, I think it could move the stock a lot. Shares of Workhorse cratered around 23% at the close of the trading session on Dec 1, as the U.S. Workhorse Group Is a Buy Even with the USPS Contract Delay Ian Cooper 10/23/2020. I think you will be better off with Workhorse which is entirely EV. Workhorse Awaits USPS Announcement, Secures Funding. reply; Why did the USPS release privileged information to Trucks.com today regarding the delay of this NGDV contract? USPS Contract Delay Hammers Workhorse. Postal Service (âUSPSâ¦ Postal Service will soon award a $6.3 billion contract for a new mail truck design in 2020, and some of the finalists have already leaked online.. Whatâs going on? But if they donât get the contract, the stock could plummet for sure. Workhorse: The Possible USPS Contract Can't Justify This Price. If the postal service truly adopted a long-term commitment to mail delays, then not updating its fleet certainly fits the script. I own stock in both and feel they will win because nobody has a complete EV line and thats what you need, much cheaper to operate! reply; I would like the usps to publicly announce when the expect to have a decision about the ngdv. The Next Generation Delivery Vehicle (NGDV) will replace the Grumman Long Life Vehicle for the USPS in the near future.