As InvestorPlace contributor Sarah Smith reported, on Feb. 23, 2021, Workhorse shares plunged nearly 50% because the United States Postal Service (USPS) awarded its fleet electrification contract

Life after the USPS contract. If Workhorse wins the USPS contract, the company would need to make a lot of changes in order to effectively compete in an increasingly crowded EV delivery van sector

The massive selling in WKHS stock came after the electric delivery van maker lost a multi-billion dollar U.S. Postal Service (USPS) contract to rival, Oshkosh Corp. USPS Contract. USPS was selecting a company to contract with for its future delivery vehicles. Workhorse Group was one of the top four finalists being eyed by USPS for the ten-year contract. The contract is estimated to be worth $6.3 billion. USPS announced on February 23, 2021, that it had awarded the ten-year contract to Oshkosh Defense.

Workhorse usps contract

And Workhorse did not respond to a FreightWaves request for comment on the awarding of the postal contract. Workhorse production woes. Burns founded Amp Electric in 2007. It changed its name to Workhorse in 2015 after acquiring a former Navistar International Corp. plant in Union City, Indiana.

2021-03-08 · Why Workhorse Group Stock Jumped 30% Today The company may have gotten more help over the weekend in its fight for a USPS truck contract. Last month, U.S. Postmaster General Louis DeJoy said USPS was committed to having EVs make up at least 10% of its new fleet. The lawmakers said "even the 10% target is highly questionable." DeJoy defended the decision to award the contract to Oshkosh, telling Reuters last week he was briefed after the decision had been made.

Stock in Workhorse, the only contract bidder offering an all-electric option, was on Wednesay. Shares were off about 21%, falling to $19.83 near midday. It is a steep drop, but the higher stocks

Ohio is a … 2021-03-08 2021-02-24 usps contract leak?! HUGE WORKHORSE STOCK NEWS AND MOVES!Join my private Discord Channel - https://www.patreon.com/jackspencerinvesting4 FREE STOCKS on Webul 2021-03-08 Workhorse, of course, wants to overturn the award made to truck maker Oshkosh (OSK) or, at least, win part of the yearslong, multibillion-dollar contract. Figuring out if Workhorse will be Shares of Workhorse Group [WKHS] dropped 8.3% in extended trading after falling nearly 50% on Tuesday.

Workhorse Is a Good Long-Term Value Bet Before the USPS Contract By Ambrish Shah. Feb. 5 2021, Published 9:11 a.m. ET

Electric truck manufacturer Workhorse Group said it is exploring ways to challenge losing a U.S. Postal Service contract to build the next-generation mail Deal Slippage from Workhorse Group Caused Gall in Shares The loss of the United States Postal Service contract by the Workhorse Group constitutes a major setback for the company, whose base case If Workhorse got the whole USPS contract, I think it could move the stock a lot. Probably the same if they got quite a large piece of the contract. But if they don’t get the contract, the stock could plummet for sure. But just to give some perspective, the USPS contract is valued at $6 billion and would result in the construction of 165,000 2021-03-01 · Workhorse CEO Duane Hughes said the EV startup will meet with the United States Postal Service on March 3rd after it lost the bid to build the new-generation mail truck. usps contract leak?! HUGE WORKHORSE STOCK NEWS AND MOVES!Join my private Discord Channel - https://www.patreon.com/jackspencerinvesting4 FREE STOCKS on Webul Workhorse Is a Good Long-Term Value Bet Before the USPS Contract By Ambrish Shah.

Overall, three 2021-03-04 · Missing out on the USPS contract had sent Workhorse's stock plunging 47.5% on Feb. 23 to $16.46, and the stock has lost another 18.2% since then, putting it on track for the lowest close since June Workhorse shares lost nearly half their value on Feb. 23 after USPS said it would award Oshkosh Defense, a unit of Oshkosh Corp, the 10-year contract. Workhorse shares rose 7.2% Monday to $17.34 on 2021-01-26 · In winning the USPS contract, Workhorse will cement itself as a viable leader in the electric delivery van market. At the same time, thanks to the USPS partnership, Workhorse will likely be able to 2021-03-12 · The contract is worth nearly $6 billion, and Workhorse was long considered the favorite before the decision came down on Feb. 23. Load Error Yet this battle is far from over. Cincinnati-based electric vehicle-maker Workhorse Group, which was a finalist for the multi-billion dollar postal service contract but whose all-electric offering was passed over, now appears to be the heir apparent to the deal, though there’s no guarantee the contract would go to Workhorse, Reuters reported. Workhorse stock is set to fly if they get any portion of this USPS NGDV contract.
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“We had anticipated Workhorse would play a role, USPS.

The USPS is looking forward to upgrading its aging fleet of mail trucks. Currently, the roughly $6.3 billion fleet 2020-10-08 2020-10-30 2021-01-09 2021-02-18 Stock in Workhorse, the only contract bidder offering an all-electric option, was on Wednesay. Shares were off about 21%, falling to $19.83 near midday.
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Workhorse, of course, wants to overturn the award made to truck maker Oshkosh (OSK) or, at least, win part of the yearslong, multibillion-dollar contract. Figuring out if Workhorse will be

Shares were off about 21%, falling to $19.83 near midday. It is a steep drop, but the higher stocks 2021-02-09 2021-03-08 Last month, U.S. Postmaster General Louis DeJoy said USPS was committed to having EVs make up at least 10% of its new fleet.

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Shares of Workhorse Group dropped more than 50% at one point on Tuesday after the company was passed over for a key contract from the U.S. Postal Service. Amid heightened volatility, the stock was

It changed its name to Workhorse in 2015 after acquiring a former Navistar International Corp. plant in Union City, Indiana. Workhorse would in turn own a minority stake in Lordstown Motors.

Shares of Workhorse Group dropped more than 50% at one point on Tuesday after the company was passed over for a key contract from the U.S. Postal Service. Amid heightened volatility, the stock was

PING introduces G425 drivers, fairways, hybrids, irons and crossovers, PING Signs Bubba Watson to 'Lifetime' Contract, PING Workhorse for scoring, Tyrrell Hatton and Stewart Cink each won in 2020 with hybrids, irons and crossovers, PING Signs Bubba Watson to 'Lifetime' Contract, PING signs Sahith Theegala, Built for precision, distance control and workability, i210 Irons are a workhorse for scoring. Shipped with USPS Priority Mail. Workhorse Group rose as a House panel made plans to examine the U.S. Postal Service’s awarding of a blockbuster truck-building contract to Oshkosh Corp. and another lawmaker raised questions about Investors in WKHS stock were crushed when the company lost a U.S. Postal Service delivery-truck deal to Oshkosh Corp.

Workhorse would in turn own a minority stake in Lordstown Motors. Burns told the Detroit News last week that he’s looking to raise $300 million to back the effort. Tom Colton, an outside spokesman representing Workhorse, said its plans for Lordstown aren’t contingent on winning the Postal Service contract. News • Mar 29, 2021. Hedge fund manager Bill Ackman says capitalism is 'the most powerful potential source' for solving society's problems, touts ESG investing 2021-02-24 · Workhorse, a small truck maker said he was shocked that the company wasn’t given part of the contract.