Did Workhorse Get The Usps Contract

All noncompetitive contract awards valued at $1 million or more must be publicized in the GPE, and other media as appropriate, upon. Postal duty — last mile delivery — is exactly what Workhorse Group’s electric delivery vans are designed for. USPS DECISION DUE OCTOBER 13: The Post Office is expected to decide on the $8. Postal Service to award $6. 55, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Workhorse is also in the running, in partnership with VT Hackney, for the contract to produce the next-generation USPS mail truck. meaning almost 53,000,000$ annual. Workhorse Gets Big Electric Truck Order, But Can It Deliver? Workhorse Group Is a Buy Even with the USPS Contract Delay. Workhorse stock has been trading for the past decade or so. It is currently a finalist, and has already supplied. com is the website for the United States Postal Service. Postmaster General Louis DeJoy continues to hold a multimillion-dollar stake in his former company XPO Logistics, a United States Postal Service contractor, likely creating a major conflict of. Postal Service contract for its next-generation mail trucks. They focus, in particular, on electric vehicles. InvestorPlace 17d. I’ll be the first to admit that the possibility of Workhorse winning a USPS contract for 140,000 electric mail trucks (Workhorse is among three finalists) has been a prime mover of the WKHS stock. , teamed with Ford Motor Co. Workhorse Group Is a Buy Even with the USPS Contract Delay; Why Under Armour Stock Is Due for a Monster 2021; 4 Law Enforcement Stocks That Can Protect Your Portfolio; Stick With GrowGeneration Stock for a 4X Ride to $3. On one hand, the USPS contract or at least a portion of it, would be a game-changing moment for Workhorse, but on the other hand, the continued delays could mean USPS just is not impressed by the. 32 to a high of $30. If WKHS fails to get the contract or even a part of it, the company’s stock will be in for a very serious correction. Workhorse is aiming for a USPS deal and to electrify last-mile delivery with a series of trucks, vans The USPS is expected to announce around March 1 what company gets the contract to build up to 180 If you're in the shipping logistics business—or if you have anything to do with e-commerce and. The company also recently released an electric pickup concept. USPS-NALC Joint Contract Administration Manual. Until 2020. But the real catalyst for Workhorse has been the USPS. Now here. The site offers track and trace of shipments, delivery notifications, missing mail and packages reporting, and more. Workhorse Stock Update Today! No USPS Contract?? (calm down) I go over how today was the last day of Patreon & Discord: www. Postal Service has confirmed that it plans to award one or multiple contracts for the. Wed, Nov 25, 7:52 AM, Zacks Do Options Traders Know Something About Arcimoto (FUV) Stock We Don't?. Other finalists include Oshkosh (OSK) and Turkey-based Karsan Automotive. Workhorse is the developer of electric vehicles for last-mile delivery. 5% post-market after Trucks. Workhorse has bunch of very good products ready for the market, all research and development is done all they need now is market and manufacture, and fulfill all the backlogs. USPS is experiencing unprecedented volume increases and limited employee availability due to the impacts of COVID-19. “A lot has to happen. Workhorse is currently one of half a dozen companies trying to win the contract to build electric delivery vehicles for the United States Postal Service, and by having access to the Lordstown. The company is Workhorse Group Inc. Postal Service’s (USPS) Next. of Dearborn, Mich. Workhorse stock:The USPS contract. During the latest couple of weeks I have bought Workhorse stock mostly based on the the hype and on the expectations related to the USPS contract. The company is currently designing a prototype delivery vehicle in the hopes of landing a contract with the USPS. today we are going to be talking about why Workhorse group will get the United States postal service contract. Workhorse Ups Contract 2020. So far, there are over Workhorse 400 vehicles on the road. 3 billion to build 180,000 next-generation mail delivery trucks. According to 4 Wall Street analysts that have issued a 1 year WKHS price target, the average WKHS price target is $21. Cincinnati-based Workhorse is also in the running for a contract to replace the delivery vans in the United States Postal Service's fleet, in partnership with a unit of Singapore Technologies Engineering Ltd (STEG. According to the report, the Sign. Find the latest news headlines from Don't Listen to the Bears, Workhorse Stock Has a Bright Future at Value Spots. Source: Photo from WorkHorse. In addition to election mail and ballots, the US Postal Service also delivers essential documents, medication, and is a key service for small businesses to operate and send out packages. 3 billion, as it calls for 180,000 trucks between $25,000 and $35,000 each, delivered over five to seven years. “This is probably not yet a day to celebrate,” Ohio Governor Mike DeWine told the Columbus Dispatch. For a short time Workhorse offered an integrated chassis-body product called MetroStar. Workhorse, based in Cincinnati, is one of five finalists to win a lucrative U. @Workhorse_Group People focus too much on Workhorse's possible USPS contract and are overlooking just how disruptive their technology is. 5% post-market after Trucks. Workhorse plummets after USPS delays mail van contract. Workhorse (NASDAQ: WKHS) stock suffered a 21. Other finalists include Oshkosh (OSK) and Turkey-based Karsan Automotive. Posted by Robert K. about the USPS contract being announced and Workhorse getting the contract? (self. As you can imagine, if Workhorse gets the contract outright or gets a portion of the contract Aside from the USPS contract and the general enthusiasm surrounding the EV sector Delay Is Preferable to Error. Some sell when they need the money, some sell when they think the stock will go down, some sell to buy other stocks, etc. If you're interested in working as a contract delivery service with the USPS, you can do so either as an individual or as an organization. Part of the caution and skepticism involves the possibility of Workhorse being awarded a multibillion contract from the U. 2 million are going to explode higher, taking the stock price with it. says Workhorse (WKHS) is “on the cusp” of getting USPS contract Posted by Robert K. Finally, problems that have reportedly surfaced with Workhorse’s drones make me less confident in Workhorse and WKHS stock. Download LORDSTOWN MOTORS STOCK PRICE PREDICTION. Shares of the Ohio-based automaker, which makes electric vehicles, jumped more than 90%. Postal Service’s (USPS) Next. ET on InvestorPlace. However, if Workhorse doesn’t get the contract, there could be. 78%) 10/09/20 Roth Capital Roth Capital sees positive outcome for Workhorse in USPS contract 09/18/20 Colliers Lordstown's presentation raised Colliers' expectations for Workhorse valuation 09/17/20 Roth Capital Roth raises Workhorse target to $33 after Lordstown's 'compelling' analyst day 09/03/20. Workhorse: Painting The Last. Local post office person told me. Cincinnati-based Workhorse is also in the running for a contract to replace the delivery vans in the United States Postal Service's fleet, in partnership with a unit of Singapore Technologies. Postal Service contract worth about $6. USPS NEEDs TO PURCHASE VEHICLES FROM A LEGITAMITE MANUFACTURER!!! Like Ford, GM, Toyota, Honda, Nissan, ETC…. " The delay, which was first reported by Trucks. 2020 · Workhorse can still thrive as a company even without that lucrative contract from the USPS. Brushing aside a veto threat from President Trump, the U. Usps Delays This Week. The due date for responses had previously been pushed back in light of the circumstances of the current COVID-19 pandemic and its impact on Postal Service and supplier operations. Postal Service working to clear holiday shipping backlog in Maine; Miscommunication prompts bomb-sweep of Moosup, CT Postal Office; A total, chaotic mess’: Holiday mail delays cause troubles for Cleveland’s small businesses. Postal Service will pick a company to build its new trucks and that could created thousands of jobs in Flint or Lordstown. Please dont get manipulated by the Shorties. The company also recently released an electric pickup concept. China's Li Auto plans 47-million share secondary offering. of 2012, Navistar announced the shut down of Workhorse and the closure of the plant in Union City, Indiana, in order to cut costs. They could have new trucks out on the roads by this year. Schraeder said he can't discuss "I think what investors have done is looked at little Workhorse here and said look, not only are "In two years, best case, we get the Post Office contract, we also have a lot more orders and. See the finalists Workhorse, the company that launched electric pickup startup Lordstown Motors, Workhorse Group. Workhorse said will pay VT Hackney $7 million for certain intellectual property and engineering assets and that the companies are no longer working together. Postal Service to award $6. The deal, which has been under consideration for several years, would involve delivering as many as 180,000 trucks, and could be worth as much as $6. Devin Nunes, ranking member of the House Intelligence Committee and author of the new book 'Countdown to Socialism,' joins Maria Bartiromo on 'Sunday Morning Futures. Workhorse Gets Big Electric Truck Order, But Can It Deliver? Workhorse Group Is a Buy Even with the USPS Contract Delay. But the United Auto Workers' local president told Bloomberg News he was unaware of the discussions, and the union issued a statement calling for GM to assign a. According to the report, the Sign. The due date for responses had previously been pushed back in light of the circumstances of the current COVID-19 pandemic and its impact on Postal Service and supplier operations. com, Roth warned that any delay in awarding the USPS contract gives Workhorse rivals Ford and Oshkosh extra time to upgrade their bids. A decision expected by year’s end from the U. Postal Service contract to replace its fleet. we could be back in mid 20s in no time. The company is currently designing a prototype delivery vehicle in the hopes of landing a contract with the USPS. Postal Service. Let's ignore for a sec the fact that they produce multi-sized delivery EVs with a range of ~350 miles and focus on their patented drone delivery system. Researching WKHS Stock Is a Speculative Buy With a Capital "S" ? View WKHS Stock Is a Speculative Buy With a Capital "S" news, price target, earnings, financials, forecast, insider trades, growth strategy stocks plan & industry news. The Cincinnati-based company Workhorse has bid on the project and Lordstown Motors hopes to build the vehicles if Workhorse gets the contract. com, comes as the. A Contract Postal Unit (CPU) is a supplier-owned or supplier-leased site operated by the supplier, under contract to the Postal Service™ to provide postal products and services to the public at U. DPHC is the sister company to. Perhaps this plant purchase is in anticipation of getting this deal?. Wkhs Stock & Price Update - Will Workhorse Get The Usps Contract?! Get the latest stock market news, stock information & quotes, data analysis reports: Finances affiliate marketing niches, Personal finances, To invest, Stock market, Housing market, Financial independence, Passive income, Budget lifestyle. The postal service now says that the winner or winners of the lucrative deal, worth a total of $6 billion, will not be named until the first quarter of 2021. Many believed that Workhorse would definitely win a deal to manufacture electric-mail trucks for USPS by the end of the year. Still, in July, BTIG raised its price target to $26, the second-highest on the Street, assuming Workhorse will produce about eight vans a day next year, and secure a portion of the USPS contract. The delay in awarding the USPS contract has done a great deal of damage to WKHS stock. If Workhorse somehow won even part of the USPS contract then they do not have the facilities, equipment, or expertise to fulfill it according to USPS requirements and expectations," reads the report. Purchase a vehicle already being manufactured and on the road. Materials Reference System Index. Workhorse Group, a bidder on the $6. Workhorse has a non-disclosure agreement with the Postal Service, so Chief Financial Officer Steve Schrader couldn’t say much. It is a finalist in bidding for a $5 billion U. Workhorse is the developer of electric vehicles for last-mile delivery. 12 that it was launching BrightDrop, the company’s push to become a big player in electric commercial vehicles. com, a website that covers the trucking industry, said they are Turkey-based Karan teamed with Morgan Olson of Sturgis, Mich. today we are going to be talking about why Workhorse group will get the United States postal service contract. Workhorse Could See All or Part of the USPS Award I also wouldn't get too wound up over the recent downgrade from Roth Capital's Craig Irwin. Workhorse is bidding to replace thousands of postal vehicles—most notable the white, right-hand-drive delivery trucks. Workhorse is aiming for a USPS deal and to electrify last-mile delivery with a series of trucks, vans The USPS is expected to announce around March 1 what company gets the contract to build up to 180 If you're in the shipping logistics business—or if you have anything to do with e-commerce and. In addition, sentiment was baked into WKHS. "We get the sense that some investors consider the USPS award a 'done deal'. Let's ignore for a sec the fact that they produce multi-sized delivery EVs with a range of ~350 miles and focus on their patented drone delivery system. The company got its start back in 2007 and was called AMP Electric Vehicles. Either GM or Workhorse needs to get their PR department to release some info to ease all these nay sayers. ; Workhorse Group of Loveland, Ohio; and Oshkosh Corp. He recently downgraded WKHS stock from a buy to a hold, with a target cut to $27. Wkhs News Usps. 3 billion may be awarded in 2020 The U. Workhorse stock (WKHS) climbed 25% last Thursday on the news that Lordstown Motors will be going public. Postal Service delayed its decision yet again to award a $6. The three companies still in the running for the 6 billion dollar contract are Turkey-based Karan teamed with Morgan Olson of Sturgis, Michigan, Workhorse Group of Loveland, Ohio; and Oshkosh Corp. Workhorse says that the new N-Gen electric van has a range of 100 miles (160 km) on a single charge, which should be enough for most delivery routes, and they can add a 75-mile (120 km) gas range. Currently, Workhorse group has been In the news because they can potentially win a bid on a 6billion dollar contract with the United States postal service to make the new mail. The postal service is replacing its aging fleet of gas-powered delivery vehicles. As a direct result of the USPS award and development efforts, Workhorse has begun development on the Workhorse W-15, a medium- and light-duty pickup truck platform aimed at commercial fleets. Workhorse: Moving Beyond the USPS in Last Mile EV Delivery TipRanks via Yahoo Finance · 22 hours ago. (NASDAQ:WKHS) is a technology company focused on providing electric mobility solutions to the transportation sector. 19, 2021 at 3:48 p. Interestingly, WKHS stock barely moved on the announcement. Price to Earnings Ratio vs. The postal service now says that the winner or winners of the lucrative deal, worth a total of $6 billion, will not be named until the first quarter of 2021. 2016-2019 NALC-USPS National Agreement. The decision got delayed (again) until the second quarter of 2021. But now that USPS is "punting" on the contract, that "materially" increases uncertainty for Workhorse, he wrote in a report. Postal Service contract to manufacture its next generation of delivery trucks, an award that. A Potential Contract with the Post Office. Schraeder said he can't discuss "I think what investors have done is looked at little Workhorse here and said look, not only are "In two years, best case, we get the Post Office contract, we also have a lot more orders and. However, even if not selected, many analysts still consider Workhorse a buy. He said getting access to the plant could be a “potential game changer” in winning the Postal Service contract potentially worth upwards of $6. considering that they might take a decent part of cake with usps contract. Did GM Just Fire a Shot Across Workhorse Group's Bow? 40: InvestorPlace: 13. Cincinnati-based Workhorse is also in the running for a contract to replace the delivery vans in the United States Postal Service's fleet, in partnership with a unit of Singapore Technologies. Workhorse usps contract. But the United Auto Workers' local president told Bloomberg News he was unaware of the discussions, and the union issued a statement calling for GM to assign a. A West Coast-based investment banking firm predicts Workhorse Group Inc. Workhorse is currently one of half a dozen companies trying to win the contract to build electric delivery vehicles for the United States Postal Service, and by having access to the Lordstown. Contract awards may also be publicized in newspapers, trade journals, and magazines. 3 billion to build 180,000 next-generation mail delivery trucks. com notes that Workhorse insiders, including CEO When you consider other angles, Workhorse might not have the inside track to the USPS contract as previously hoped. 2 million are going to explode higher, taking the stock price with it. In addition to election mail and ballots, the US Postal Service also delivers essential documents, medication, and is a key service for small businesses to operate and send out packages. will take until 2026. They could have new trucks out on the roads by this year. Workhorse Group (NASDAQ:WKHS), the Ohio-based manufacturer of EVs and utility vehicles, has seen its stock soar in tandem with the rest of the EV sphere over the past. Get today's Workhorse Grp stock news. Workhorse plummets after USPS delays mail van contract. The company got its start back in 2007 and was called AMP Electric Vehicles. Postal Service will soon award a $6. $WKHS Workhorse USPS Contract = $8,100,000,000 ZERO EMISSION fleet vehicle upgrade -3 remaining competitors since July 14th,2020 turn in deadline: … Press J to jump to the feed. Find the latest news headlines from WKHS Stock Is a Speculative Buy With a Capital "S" at Value Spots. Originally, the two companies were thought to be offering the post office only traditional gas-powered trucks for its fleet, but Roth says they have now. of Dearborn, Michigan. 32 to a high of $30. Do you remember when the Postal Service last transitioned to a new vehicle in the late 1980s/early 1990s? Workhorse should be the winner of the usps contract! Everything is going electric and with everything electric who else is there besides wkhs to get the US Postal service truck contract?. During the latest couple of weeks I have bought Workhorse stock mostly based on the the hype and on the expectations related to the USPS contract. 3 billion contract for a new mail truck design in 2020, and some of the finalists have already leaked online. S Postal Service as it gets ready to spend more the $6 billion on the next mail truck contract. Sponsored Links That contract hasn’t been awarded yet, and Ford is already thinking about upgrading those trucks by responding to a separate request for information (RFI) from the USPS for proposals on autonomous technology. 84 per share. WorkHorse in the past week is finally recognized. The stock in early trading is down 7%, or $1. USPS has now delayed the decision multiple times. Reed on October 12, 2020 5 Comments. Originally, the two companies were thought to be offering the post office only traditional gas-powered trucks for its fleet, but Roth says they have now. Why Workhorse Group Isn't a Shoo-in for the USPS Contract: 46: InvestorPlace: 13. If the company gets the contract, the upside could be huge. Postal Service (“USPS”) announced yet another delay to award its giant mail truck contract. Lakeview, Lincoln Park, Mail Thefts, Ravenswood, U. Postal Service prices. One big catalyst will be the bid for the $8. 1 billion USPS contract for delivery vehicles. Workhorse paid $7 million for intellectual property related to the truck and acquired the right to bid for the contract. 1B NGDV production contract on Tuesday, October 13. And the USPS has been on a years-long process of planning how to replace its fleet of 163,000 delivery vehicles. Workhorse Gets Big Electric Truck Order, But Can It Deliver? Workhorse Group Is a Buy Even with the USPS Contract Delay. considering that they might take a decent part of cake with usps contract. The company is currently designing a prototype delivery vehicle in the hopes of landing a contract with the USPS. will win the $8. Workhorse did not include any update regarding the much-anticipated USPS contract. He recently downgraded WKHS stock from a buy to a. But now that USPS is "punting" on the contract, that "materially" increases uncertainty for Workhorse, he wrote in a report. 2020 · Workhorse can still thrive as a company even without that lucrative contract from the USPS. Source: Shutterstock It appears investors aren’t concerned just yet about GM’s big. Other awards may be publicized when, in the judgment of the purchase/SCM team, such publicizing will benefit future competition. 32% could be awarded the Next Generation Delivery Vehicle contract by the U. Is USPS having issues in Brewster, Putnam County, New York? Last Updated a minute ago: USPS. That is expected to be awarded by the end of. , and Ford Motor Co. 5% post-market after Trucks. The potential has only gotten bigger as investors speculate that Workhorse could soon win an even bigger order from the USPS, which is looking for someone to replace its ancient fleet of. Sponsored Links That contract hasn’t been awarded yet, and Ford is already thinking about upgrading those trucks by responding to a separate request for information (RFI) from the USPS for proposals on autonomous technology. USPS Priority packages from Tampa to Richmond, Va always get there in 2 days. Reed on October 12, 2020 5 Comments. Until 2020. Postal Service could be a big factor in whether thousands of automotive jobs land in Michigan or go somewhere else. of Dearborn, Mich. WKHS | Complete Workhorse Group Inc. Workhorse announced Monday that it was selling $200 million of four-year, 4% senior secured convertible notes to two unnamed institutional lenders. com/dow-jones-futures-apple-hits-new-buy-point-while-nikola-nio-xpeng-dive-salesforce-to-acquire-slack 442084 Site Admin Dow Jones Futures. Examples of analysis and forecasting of time series. They could have new trucks out on the roads by this year. Indeed, if Workhorse doesn’t win the USPS contract, then WKHS stock is wildly overvalued today. 1 billion USPS contract award decision that has been delayed beyond the US Presidential Election date. However, if Workhorse doesn’t get the contract, there could be. 62 after opening at 82 cents on Wednesday. Usps Delays This Week. will take until 2026. about the USPS contract being announced and Workhorse getting the contract? (self. i believe in the company. The 2016-2019 NALC-USPS National Agreement runs through Sept. 3 Billion contract for new mail truck this year Posted on August 14, 2020 by postal Their delivery may be a little late, but the new mail trucks are almost here. Postal Service, thereby laying the groundwork for the company to become the de facto leader in electric delivery vans throughout the 2020s. 1 billion USPS contract for delivery vehicles. com is the website for the United States Postal Service. Workhorse has since repositioned itself as a manufacturer of electrically powered trucks and delivery vans. In the high rotation case, the DWALE can get reliable mean velocity profile, but the turbulence intensities in the wall-normal and spanwise directions show clear deviations from DNS data. At one point in September, WKHS was up a. The postal service is replacing its aging fleet of gas-powered delivery vehicles. The Postal Service has said the contract could be worth more than $6 billion of business to build A 2014 audit from the office of the USPS inspector general found that the current fleet was Workhorse paid $7 million for intellectual property related to the truck and acquired the right to bid for the contract. WASHINGTON, DC — United States Postmaster General Louis DeJoy announced today that the United States Postal Service (USPS) has reached an agreement in principle with the United States Department of the Treasury on the terms and conditions associated with $10 billion lending authority provided in the CARES Act. Workhorse Group (NASDAQ:WKHS) is showing investors what backing penny stocks can lead to—massive and sudden gains. Now the government expects to make its decision in the second fiscal quarter of 2021. Workhorse Could See All or Part of the USPS Award. Postal Service, it’s a long, long time. 47 in after-hours trading. DVSS exhibits poor predictions on both the mean velocity profile and turbulence intensities. As a refresher, the company remains a leading contender for a portion of the U. We can’t tell you when to sell, but I’d say it’s a safe bet you’d get that $35 and probably $50 if WKHS gets a majority share of the USPS contract. 3 billion may be awarded in 2020 The U. Can you get money back from the postal services because of delays? – PEN “It’s frustrating. Workhorse is one of four remaining participants bidding for the contract. Shares of Workhorse Group Incorporated finished the day at $2. While Workhorse has slightly above $100 million in liquidity, it's unable to become profitable and generate positive FCF after being in business for over The major reason why the stock trades so high is due to the fact that the company might win some portion of USPS's $6. As Workhorse stock has sprinted ever higher, many naysayers have emerged. Wed, Nov 25, 7:52 AM, Zacks Do Options Traders Know Something About Arcimoto (FUV) Stock We Don't?. Workhorse stock is up almost 670% year-to-date. If the company does win the USPS contract in December, then WKHS stock will have clear visibility to enormous gains over the next few years. Postal Service working to clear holiday shipping backlog in Maine; Miscommunication prompts bomb-sweep of Moosup, CT Postal Office; A total, chaotic mess’: Holiday mail delays cause troubles for Cleveland’s small businesses. Workhorse will win the USPS contract, and leverage first mover’s advantage to turn into one of the biggest players in the domestic market. Let's ignore for a sec the fact that they produce multi-sized delivery EVs with a range of ~350 miles and focus on their patented drone delivery system. In May, bidding was extended to July 14 because of the pandemic – and Workhorse was one of the four remaining contenders for the contract, which could be worth $6 billion. I’d use the pullback as a buy opportunity on what appears to be nothing more than an overreaction. I think market share will round out to about 20% by the. But there is likely to be significant growth in the coming years. Do you remember when the Postal Service last transitioned to a new vehicle in the late 1980s/early 1990s? Workhorse should be the winner of the usps contract! Everything is going electric and with everything electric who else is there besides wkhs to get the US Postal service truck contract?. Researching Don't Listen to the Bears, Workhorse Stock Has a Bright Future ? View Don't Listen to the Bears, Workhorse Stock Has a Bright Future news, price target, earnings, financials, forecast, insider trades, growth strategy stocks plan & industry news. com is the website for the United States Postal Service. The bulls believe that the bulk of the $6B US Postal Service {USPS} contract will go to Workhorse. As a direct result of the USPS award and development efforts, Workhorse has begun development on the Workhorse W-15, a medium- and light-duty pickup truck platform aimed at commercial fleets. But the deal, and the future employment of Lordstown's workers, relies on the Loveland-based Workhorse Group scoring a $6. Workhorse (WKHS) shares are trading higher as traders circulate a Seeking Alpha report that said Roth Capital expects the company to win an $8. , the small Ohio company paired with VT Hackney to compete for the multi-billion-dollar U. 3 billion contract from the U. Outside of UPS, Ryder, USPSwhat about WalMart Plus? WKHS now has Last Mile Refrigerated Trucks in the Pipe-Line. For a short time Workhorse offered an integrated chassis-body product called MetroStar. Buy Workhorse Stock as Biden Telegraphs USPS Contract Win. At one point in September, WKHS was up a. Price to Earnings Ratio vs. Workhorse Group (NASDAQ:WKHS), the Ohio-based manufacturer of EVs and utility vehicles, has seen its stock soar in tandem with the rest of the EV sphere over the past. Find the latest news headlines from WKHS Stock Is a Speculative Buy With a Capital "S" at Value Spots. , and Ford Motor Co. They could have new trucks out on the roads by this year. The contract, which is likely to be split between multiple parties, would entail the manufacture of 180,000 delivery vans. Workhorse (NASDAQ:WKHS) -21. Workhorse Could See All or Part of the USPS Award I also wouldn't get too wound up over the recent downgrade from Roth Capital's Craig Irwin. @Workhorse_Group People focus too much on Workhorse's possible USPS contract and are overlooking just how disruptive their technology is. The United States Postal Service (USPS) is pushing back the deadline for official bids to make its next-generation mail truck because of "the current COVID-19 pandemic and its impact on Postal Service and supplier operations. WorkHorse in the past week is finally recognized. Workhorse Ups Contract 2020. That’s because the USPS is moving forward with long-delayed plans to award an estimated $6. Postmaster General Louis DeJoy continues to hold a multimillion-dollar stake in his former company XPO Logistics, a United States Postal Service contractor, likely creating a major conflict of. Workhorse announced Monday that it was selling $200 million of four-year, 4% senior secured convertible notes to two unnamed institutional lenders. General Motors (NYSE:GM) announced on Jan. Wkhs News Usps. He recently downgraded WKHS stock from a buy to a hold, with a target cut to $27. Devin Nunes, ranking member of the House Intelligence Committee and author of the new book 'Countdown to Socialism,' joins Maria Bartiromo on 'Sunday Morning Futures. Cincinnati-based Workhorse is also in the running for a contract to replace the delivery vans in the United States Postal Service's fleet, in partnership with a unit of Singapore Technologies Engineering Ltd (STEG. • Turkey-based Karsan, which makes commercial electric vehicles, teamed with long-time USPS. 2 million are going to explode higher, taking the stock price with it. smartysavers. Purchase a vehicle already being manufactured and on the road. @Workhorse_Group People focus too much on Workhorse's possible USPS contract and are overlooking just how disruptive their technology is. So far, there are over Workhorse 400 vehicles on the road. In my opinion, the pullback is only temporary. Workhorse Ups Contract 2020. Workhorse Group Inc Company Profile Get an in-depth profile of Workhorse Group Inc, including a general overview of the company's business and key management, as well as employee data and location and contact information. 12 that it was launching BrightDrop, the company’s push to become a big player in electric commercial vehicles. USPS has now delayed the decision multiple times. It was widely expected that USPS contract decision will take place on October 13, but Workhorse today announced that it has entered into a note purchase agreement under which it will sell almost $200M aggregate principal amount of its 4. On one hand, the USPS contract or at least a portion of it, would be a game-changing moment for Workhorse, but on the other hand, the continued delays could mean USPS just is not impressed by the. So hope this company will benefit from this increase. 5 billion valuation largely tied to a USPS contract win, nonconsideration could easily cause the shares to drop by 50% and potentially much more, depending on the value. Workhorse Stock Update Today! No USPS Contract?? (calm down) I go over how today was the last day of Patreon & Discord: www. of Dearborn, Mich. In all three cases, Dσ performs the best. 0% Senior Secured Convertible Notes due 2024 to two institutional lenders. Other awards may be publicized when, in the judgment of the purchase/SCM team, such publicizing will benefit future competition. We can’t tell you when to sell, but I’d say it’s a safe bet you’d get that $35 and probably $50 if WKHS gets a majority share of the USPS contract. As for Workhorse, it is among the three bidders left. Workhorse announced Monday that it was selling $200 million of four-year, 4% senior secured convertible notes to two unnamed institutional lenders. @Workhorse_Group People focus too much on Workhorse's possible USPS contract and are overlooking just how disruptive their technology is. Postal Service has confirmed that it plans to award one or multiple contracts for the Next Generation Delivery Vehicle by the end of this year. Usps Truck Contract 2020. com is the website for the United States Postal Service. They focus, in particular, on electric vehicles. Postal Service, it’s a long, long time. Postal Service, contract, which is worth $10. about the USPS contract being announced and Workhorse getting the contract? (self. Workhorse investors are anxiously waiting for developments on two major fronts before sending the stock to the stratosphere. The stock in early trading is down 7%, or $1. (WKHS Stock Chart). USPS is expected to make its decision later this year. Workhorse: Moving Beyond the USPS in Last Mile EV Delivery TipRanks via Yahoo Finance · 22 hours ago. 26, 2021 at 2:51 p. At one point in September, WKHS was up a. But I see on this site they have just 81 full time employees. Workhorse Group News: This is the News-site for the company Workhorse Group on Markets Insider Why Workhorse Group Isn’t a Shoo-in for the USPS Contract. Wkhs News Usps. nothings changed brotha. USPS is experiencing unprecedented volume increases and limited employee availability due to the impacts of COVID-19. com reports of further delays in the U. considering that they might take a decent part of cake with usps contract. 1 billion contract with the Untied States Postal Service (or USPS). of Dearborn, Mich. Whichever company wins the contract could be looking at a payout of $6. Interestingly, WKHS stock barely moved on the announcement. This company is in the running for the next USPS delivery vehicle contract so this could be a big deal for Lordstown. Postal Service told WGN they’ve been receiving bids and proposals for new trucks and just finished a round of testing in March. The P/E ratio of Workhorse Group is -18. Workhorse will win the USPS contract, and leverage first mover’s advantage to turn into one of the biggest players in the domestic market. about the USPS contract being announced and Workhorse getting the contract? (self. 3B contract for new mail truck this year. The Lead: WHY Workhorse did not get the USPS Contract and what happens next Intro: October 13 was supposed to be the day. In my opinion, the pullback is only temporary. With a Joe Biden win and control of congress - I expect a lot of EV funding over the next year. Citing concerns over COVID-19, the USPS has announced that its selection of the Grumman Long Life Vehicle’s (LLV) replacement has been delayed once again. If Workhorse (WKHS) is going to attempt to replicate 2020’s market gains (up 548%), then it certainly got off to a good start. Now here. Ohio is a swing state. The backbone of its delivery fleet – more than 200,000 vehicles – is the right-hand-drive Long Life Vehicle (LLV), which has an expected service life of 24 years. of 2012, Navistar announced the shut down of Workhorse and the closure of the plant in Union City, Indiana, in order to cut costs. Workhorse Group News: This is the News-site for the company Workhorse Group on Markets Insider Why Workhorse Group Isn’t a Shoo-in for the USPS Contract. President Trump tweeted yesterday that GM would be selling its Lordstown assembly plant to EV manufacturer Workhorse. Workhorse. Postal Service, electric commercial vehicle startup Workhorse Group said Monday that it received its largest. 5% drop after the U. Postal Service, thereby laying the groundwork for the company to become the de facto leader in electric delivery vans throughout the 2020s. Roth Capital analyst Craig Irwin downgraded Workhorse Group to Neutral from Buy with a price target of $27, down from $33. Clark Truck Repair December 8 at 4:22 AM ·. President Trump tweeted yesterday that GM would be selling its Lordstown assembly plant to EV manufacturer Workhorse. Price to Earnings Ratio vs. Weakness in the stock is a buy opportunity, in my opinion. 12 day weather forecast for thousands of places Worldwide. A decision is expected by the end of the year. As an American original equipment manufacturer, we design and build high performance battery-electric vehicles including trucks and aircraft. Workhorse stock (WKHS) climbed 25% last Thursday on the news that Lordstown Motors will be going public. i believe in the company. According to Fuzzy Panda, which is shorting WKHS stock, VT Hackney pulled out of the competition for the contract last year. Workhorse has a non-disclosure agreement with the Postal Service, so Chief Financial Officer Steve Schrader couldn’t say much. will win the $8. Usps Ngdv Rfp. Citing concerns over COVID-19, the USPS has announced that its selection of the Grumman Long Life Vehicle’s (LLV) replacement has been delayed once again. Postal Service to make next-generation. USPS Priority packages from Tampa to Richmond, Va always get there in 2 days. Consider that WKHS stock has soared from $1. Where Workhorse really stands to grab headlines this year is with the United States Postal Service (USPS). To get started, you'll need to make sure. According to 4 Wall Street analysts that have issued a 1 year WKHS price target, the average WKHS price target is $21. The Cincinnati-based company Workhorse has bid on the project and Lordstown Motors hopes to build the vehicles if Workhorse gets the contract. Workhorse Group Is a Buy Even with the USPS Contract Delay; Why Under Armour Stock Is Due for a Monster 2021; 4 Law Enforcement Stocks That Can Protect Your Portfolio; Stick With GrowGeneration Stock for a 4X Ride to $3. Reed on October 13, 2020 0 Comments Lordstown Motors, partially owned by Workhorse (NASDAQ:WKHS) was mentioned last night during 13th District Congressional debate. Workhorse Group (NASDAQ:WKHS), the Ohio-based manufacturer of EVs and utility vehicles, has seen its stock soar in tandem with the rest of the EV sphere over the past. 32 to a high of $30. @Workhorse_Group People focus too much on Workhorse's possible USPS contract and are overlooking just how disruptive their technology is. Workhorse has since repositioned itself as a manufacturer of electrically powered trucks and delivery vans. Workhorse is situated in Ohio. Buy Workhorse Stock as Biden Telegraphs USPS Contract Win Jan. 3 billion contract to deliver. com " USPS DECISION DUE OCTOBER 13: The Post Office is expected to decide on the $8. The delay in awarding the USPS contract has done a great deal of damage to WKHS stock. Postal duty — last mile delivery — is exactly what Workhorse Group’s electric delivery vans are designed for. Workhorse has a market value of just $105 …. 1 billion contract with the Untied States Postal Service (or USPS). the Market. Other awards may be publicized when, in the judgment of the purchase/SCM team, such publicizing will benefit future competition. Workhorse Stock Update Today! No USPS Contract?? (calm down) I go over how today was the last day of Patreon & Discord: www. Two weeks ago, Louis DeJoy was named the new. Workhorse is one of four remaining participants bidding for the contract. , a technology company, designs, manufactures, builds, and sells battery-electric vehicles and aircraft in the United States. RIDE STOCK! 100K PRE-ORDERS. Workhorse announced Monday that it was selling $200 million of four-year, 4% senior secured convertible notes to two unnamed institutional lenders. Workhorse is the developer of electric vehicles for last-mile delivery. But the deal, and the future employment of Lordstown's workers, relies on the Loveland-based Workhorse Group scoring a $6. Citing concerns over COVID-19, the USPS has announced that its selection of the Grumman Long Life Vehicle’s (LLV) replacement has been delayed once again. Materials Reference System Index. If you're interested in working as a contract delivery service with the USPS, you can do so either as an individual or as an organization. Safiel August 14, 2020,. The Postal Service has said the contract could be worth more than $6 billion of business to build A 2014 audit from the office of the USPS inspector general found that the current fleet was Workhorse paid $7 million for intellectual property related to the truck and acquired the right to bid for the contract. 29) per share. Currently, Workhorse group has been In the news because they can potentially win a bid on a 6billion dollar contract with the United States postal service to make the new mail. Postal Service (“USPS”) announced yet another delay to award its giant mail truck contract. Tracking showed they sat in a Richmond distribution center for a week before going out the local post office for delivery. Someone asked about production. Usps Ngdv Rfp. Why Workhorse Stock Looks Set For Further Gains. Workhorse plummets after USPS delays mail van contract. “A lot has to happen. Researching WKHS Stock Is a Speculative Buy With a Capital "S" ? View WKHS Stock Is a Speculative Buy With a Capital "S" news, price target, earnings, financials, forecast, insider trades, growth strategy stocks plan & industry news. "We get the sense that some investors consider the USPS award a 'done deal'. With a small portion going to Ford and Mercedes. Postal Service, which is in the process of upgrading its fleet of 165,000 vehicles and the contract could be worth over $6 billion. If Workhorse wins -- if it wins even part of this $6 billion contract -- the company's annual sales of less than $0. Local post office person told me. He has criticized the company for not paying enough in taxes and taking advantage of the U. As a direct result of the USPS award and development efforts, Workhorse has begun development on the Workhorse W-15, a medium- and light-duty pickup truck platform aimed at commercial fleets. InvestorPlace 17d. Materials Reference System Index. Workhorse has never turned a profit, and saw its sales. Unproven StoryDespite the work with the USPS for years now, Workhorse is still very. 3 billion, as it calls for 180,000 trucks between $25,000 and $35,000 each, delivered over five to seven years. See the finalists Workhorse, the company that launched electric pickup startup Lordstown Motors, Workhorse Group. You will have support, training, and PARTS in the future which you will NOT get dealing with these fly-by-night retrofitters. DPHC is the sister company to. Workhorse paid $7 million for intellectual property related to the truck and acquired the right to bid for the contract. “This is probably not yet a day to celebrate,” Ohio Governor Mike DeWine told the Columbus Dispatch. Interestingly, WKHS stock barely moved on the announcement. Do you remember when the Postal Service last transitioned to a new vehicle in the late 1980s/early 1990s? Workhorse should be the winner of the usps contract! Everything is going electric and with everything electric who else is there besides wkhs to get the US Postal service truck contract?. The deal, which has been under consideration for several years, would involve delivering as many as 180,000 trucks, and could be worth as much as $6. As a refresher, the company remains a leading contender for a portion of the U. Until 2020. Interestingly, WKHS stock barely moved on the announcement. As an American original equipment manufacturer, we design and build high performance battery-electric vehicles including trucks and aircraft. The Cincinnati-based company Workhorse has bid on the project and Lordstown Motors hopes to build the vehicles if Workhorse gets the contract. The company is Workhorse Group Inc. 3B contract for new mail truck this year. 78%) 10/09/20 Roth Capital Roth Capital sees positive outcome for Workhorse in USPS contract 09/18/20 Colliers Lordstown's presentation raised Colliers' expectations for Workhorse valuation 09/17/20 Roth Capital Roth raises Workhorse target to $33 after Lordstown's 'compelling' analyst day 09/03/20. com, comes as the. 2 million are going to explode higher, taking the stock price with it. Workhorse is one of four remaining participants bidding for the contract. Here's Why a 23% Plunge is Not Enough for Workhorse (WKHS) Stock Workhorse (WKHS) slips nearly 23% in after-hours trading yesterday, as the USPS yet again delays its mail truck replacement contract decision. When you consider other angles, Workhorse might not have the inside track to the USPS contract as previously hoped. Workhorse is currently one of half a dozen companies trying to win the contract to build electric delivery vehicles for the United States Postal Service, and by having access to the Lordstown. Workhorse (NASDAQ: WKHS) stock suffered a 21. Workhorse Group Inc. 1 billion U. com Tesla Stock’s Staggering Run Has to End at Some Point. Wed, Nov 25, 7:52 AM, Zacks Do Options Traders Know Something About Arcimoto (FUV) Stock We Don't?. Shares of electric delivery van maker Workhorse (NASDAQ:WKHS) have sprinted higher in 2020 on hopes that the company will win a big contract from the U. Postal Service has always relied on contractors to help deliver the mail, especially in rural or difficult to access areas. Workhorse Group Inc. Researching Don't Listen to the Bears, Workhorse Stock Has a Bright Future ? View Don't Listen to the Bears, Workhorse Stock Has a Bright Future news, price target, earnings, financials, forecast, insider trades, growth strategy stocks plan & industry news. 2020 · Workhorse can still thrive as a company even without that lucrative contract from the USPS. Did WKHS (Workhorse) Stock confirm a USPS Contract Win? This contract would be HUGE for Workhorse as a company. The postal service is replacing its aging fleet of gas-powered delivery vehicles. we could be back in mid 20s in no time. Postal Service process to award contracts for new mail trucks. The bulls believe that the bulk of the $6B US Postal Service {USPS} contract will go to Workhorse. Let’s just. Workhorse Group News: This is the News-site for the company Workhorse Group on Markets Insider Why Workhorse Group Isn’t a Shoo-in for the USPS Contract. 1 billion USPS contract award decision that has been delayed beyond the US Presidential Election date. Founded in 1998 as a commercial van manufacturer, it. USPS Service Alerts provide information to consumers, small businesses and business mailers about postal facility service disruptions due to weather-related and other natural disasters or events. com, comes as the. Workhorse is a small, Cincinnati-based company that employs 98 workers and has orders to convert 1,000 box vans to electric power for UPS. 12 that it was launching BrightDrop, the company’s push to become a big player in electric commercial vehicles. Two weeks ago, Louis DeJoy was named the new. Source: Shutterstock It appears investors aren’t concerned just yet about GM’s big. Workhorse will win the USPS contract, and leverage first mover’s advantage to turn into one of the biggest players in the domestic market. If the company gets the contract, the upside could be huge. The usps statement was clear that their information was correct. The due date for responses had previously been pushed back in light of the circumstances of the current COVID-19 pandemic and its impact on Postal Service and supplier operations. A tweet by President Donald Trump sent shares of penny stock Workhorse soaring Wednesday. The Postal Service hasn’t pulled the plug on Workhorse. Workhorse Winner Of Usps Contract Wkhs Stock Analysis Wallstreetfinance. 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. Postal Service for 180,000 trucks to be delivered over five to seven. However, even if not selected, many analysts still consider Workhorse a buy. 2, the stock fell as much as 25% on news that the United States Postal Service (USPS) is delaying its decision on a new vehicle contract. 62 after opening at 82 cents on Wednesday. Wed, Nov 25, 7:52 AM, Zacks Do Options Traders Know Something About Arcimoto (FUV) Stock We Don't?. Postal Service has confirmed that it plans to award one or multiple contracts for the. 4 address to postal employees, Postmaster General Louis DeJoy appeared to be setting the stage for major changes in the way the United States Postal Service operates. 3B contract for new mail truck this year. What we're hearing: Electric truck maker Workhorse, one of the three companies still competing for the bid, was tightlipped about the future of the deal, but did reveal that it is still in the running and awaiting word from USPS. Reed on October 12, 2020 5 Comments. It needs 140,000 new vans, and that contract is worth up to. Workhorse has since repositioned itself as a manufacturer of electrically powered trucks and delivery vans. Workhorse has about $70 million in back orders for its electric vehicles, though its factory in Union City, Indiana, will handle much of that work. Meanwhile, the bulls’ great hope for the company – a contract with the U. Postal Service contract to manufacture its next generation of delivery trucks, an award that. " The delay, which was first reported by Trucks. Postal Service delayed awarding a multi-billion dollar contract to replace its fleet of aging mail trucks until next year. How much did I make working 7 day's 10 hours @Usps! Clerk's pay! How to read your pay check stub! USPS-R Payroll Payments - Future Lets Talk MONEY! How to read your check stub with USPS/ tips to earning more money at usps Payroll Calendar: How to Solve the Problem of 27 Biweekly Pay Periods in 2021 EASY way to pass Postal Exam 473 for USPS. Workhorse (NASDAQ: WKHS) stock suffered a 21. 1 billion U. Source: Shutterstock It appears investors aren’t concerned just yet about GM’s big. All it did was delay the contract announcement. Workhorse paid $7 million for intellectual property related to the truck and acquired the right to bid for the contract. Beyond the question marks over the USPS contract, a report from GuruFocus. Workhorse Group Inc. Shares took off ~13% this week after the electric delivery-van maker. Workhorse investors are anxiously waiting for developments on two major fronts before sending the stock to the stratosphere. Wherever politics tries to be redemptive, it is promising too much. Workhorse Group Inc Company Profile Get an in-depth profile of Workhorse Group Inc, including a general overview of the company's business and key management, as well as employee data and location and contact information. Workhorse investors got some bad news Tuesday. Specifically, much of the hype surrounding Workhorse stock in 2020 has centered around the company winning a 165,000 unit, $8. Workhorse Ups Contract 2020. , and Ford Motor Co. 1 billion USPS contract for delivery vehicles. Workhorse has about $70 million in back orders for its electric vehicles, though its factory in Union City, Indiana, will handle much of that work. Postal Service will soon award a $6. InvestorPlace 17d. According to 4 Wall Street analysts that have issued a 1 year WKHS price target, the average WKHS price target is $21. A decision is expected by the end of the year. When will we learn what companies USPS will go with? It was supposed to be the 28th of September to my knowledge but apparently we won’t know until later. Workhorse is a small, Cincinnati-based company that employs 98 workers and has orders to convert 1,000 box vans to electric power for UPS. Shares of the Ohio-based automaker, which makes electric vehicles, jumped more than 90%. If Workhorse (WKHS) is going to attempt to replicate 2020’s market gains (up 548%), then it certainly got off to a good start. Postal Service advanced mail truck contract, said the team has broken up. If the company does win the USPS contract in December, then WKHS stock will have clear visibility to enormous gains over the next few years. Workhorse is one of the three remaining applicants for the contract. Postal Service as early as the second half of 2020, according to Roth Capital Partners. With a small portion going to Ford and Mercedes. Five prototype delivery vans are undergoing full-scale testing by the U. The Lead: WHY Workhorse did not get the USPS Contract and what happens next Intro: October 13 was supposed to be the day that Workhorse won the long expec. @Workhorse_Group People focus too much on Workhorse's possible USPS contract and are overlooking just how disruptive their technology is. Postal Service prices. Postal Service contract to replace its fleet. Still, in July, BTIG raised its price target to $26, the second-highest on the Street, assuming Workhorse will produce about eight vans a day next year, and secure a portion of the USPS contract. Find the latest news headlines from Don't Listen to the Bears, Workhorse Stock Has a Bright Future at Value Spots. “This is probably not yet a day to celebrate,” Ohio Governor Mike DeWine told the Columbus Dispatch. The contract, which is likely to be split between multiple parties, would entail the manufacture of 180,000 delivery vans. But he did tell me that the USPS will make an announcement on its. General Motors (NYSE:GM) announced on Jan. Their delivery may be a little late, but the new mail trucks are almost here. In all three cases, Dσ performs the best. But the United Auto Workers' local president told Bloomberg News he was unaware of the discussions, and the union issued a statement calling for GM to assign a. Price to Earnings Ratio vs. UAW’s intransigence is just one of a host of reasons to pump the brakes before celebrating GM and Workhorse’s talks as great news for Ohio, as Trump did — in all caps — on Twitter. Tracking showed they sat in a Richmond distribution center for a week before going out the local post office for delivery. Postal Service has always relied on contractors to help deliver the mail, especially in rural or difficult to access areas. While a deal turns out to have been in the works, reports now reveal that the deal is far from complete. Devin Nunes, ranking member of the House Intelligence Committee and author of the new book 'Countdown to Socialism,' joins Maria Bartiromo on 'Sunday Morning Futures. The United States Postal Service (USPS) is pushing back the deadline for official bids to make its next-generation mail truck because of "the current COVID-19 pandemic and its impact on Postal Service and supplier operations. A Potential Contract with the Post Office. Postal Service contract to replace its fleet. The future is unclear for EV play Workhorse, but a potential contract from the USPS could send WKHS stock straight to the moon. Weakness in the stock is a buy opportunity, in my opinion. Perhaps this plant purchase is in anticipation of getting this deal?. of Dearborn, Mich. A tweet by President Donald Trump sent shares of penny stock Workhorse soaring Wednesday. Where Workhorse really stands to grab headlines this year is with the United States Postal Service (USPS). Workhorse partnered with another pre-qualified supplier to design and build the body and the joint response to the USPS NGDV RFP was delivered by the USPS deadline of February 5, 2016. 2, the stock fell as much as 25% on news that the United States Postal Service (USPS) is delaying its decision on a new vehicle contract. 1 billion USPS contract award decision that has been delayed beyond the US Presidential Election date. One of the four remaining companies is Workhorse, a struggling electric vehicle startup that has many of its eggs in the USPS contract basket. As an American original equipment manufacturer, we design and build high performance battery-electric vehicles including trucks and aircraft. According to 4 Wall Street analysts that have issued a 1 year WKHS price target, the average WKHS price target is $21. Workhorse partnered with another pre-qualified supplier to design and build the body and the joint response to the USPS NGDV RFP was delivered by the USPS deadline of February 5, 2016. say goodbye to 20's. Workhorse is wildly overvalued and won’t win the USPS contract. 3 billion contract. Workhorse Could See All or Part of the USPS Award I also wouldn’t get too wound up over the recent downgrade from Roth Capital’s Craig Irwin. of Dearborn, Mich. 1B NGDV production contract on Tuesday, October 13. com notes that Workhorse insiders, including CEO When you consider other angles, Workhorse might not have the inside track to the USPS contract as previously hoped. 3 billion to build 180,000 next-generation mail delivery trucks. Source: Shutterstock It appears investors aren’t concerned just yet about GM’s big. No worries- - WKHS owns 10% of Lordstown that resides in a fully equipped former GM plant that is 6 million sq ft. Let's ignore for a sec the fact that they produce multi-sized delivery EVs with a range of ~350 miles and focus on their patented drone delivery system. Postal duty — last mile delivery — is exactly what Workhorse Group’s electric delivery vans are designed for. Five prototype delivery vans are undergoing full-scale testing by the U. , the small Ohio company paired with VT Hackney to compete for the multi-billion-dollar U. Workhorse Stock Update Today! No USPS Contract?? (calm down) I go over how today was the last day of Patreon & Discord: www. Postal Service has “modified” its timeline to pick a Workhorse and VT Hackney could build. One big catalyst will be the bid for the $8. Workhorse (WKHS) shares are trading higher as traders circulate a Seeking Alpha report that said Roth Capital expects the company to win an $8. Workhorse is one of four remaining participants bidding for the contract. Postal Service truck contract worth $6. While the contract was delayed, it's a temporary setback. Workhorse Usps Contract Update Workhorse Won The Usps Contract Wkhs Stock. 84 per share. I also wouldn’t get too wound up over the recent downgrade from Roth Capital’s Craig Irwin. mp3 for free, video, music or just listen LORDSTOWN MOTORS STOCK PRICE PREDICTION. What’s going on? The Next Generation Delivery Vehicle (NGDV) will replace the Grumman Long Life Vehicle for the USPS in the near future. If you’re a Workhorse Group (NASDAQ:WKHS) shareholder, that’s not good news. Materials Reference System Index. Why Workhorse Stock Looks Set For Further Gains. 26, 2021 at 2:51 p.