12/26/2022 0 Comments Workhorse contractWKHS stock is up 15.9% as of Wednesday afternoon but is also down 19.5% since the start of the year. This is a massive increase compared to the company’s daily average trading volume of about 4.6 million shares. With that comes heavy trading of about 15 million shares of WKHS stock. There’s no official word saying this is the case, but that isn’t stopping interest in WKHS stock from rising today. It seems news of the EV orders from USPS has investors hoping a deal with Workhorse may still be on the table. However, that opportunity never came to pass as the organization chose Oshkosh over it. Postal Service decision in February to award a multibillion-dollar, 10-year contract to Oshkosh Defense to. It’s Workhorse’s first major partnership of that kind. Electric vehicle company Workhorse Group will file a legal challenge to the U.S. Leadership announced the deal during a second quarter earnings call Tuesday. It’s worth noting that Workhorse was previously seeking a contract to supply the USPS with EVs. Workhorse, which manufacturers last-mile electric vehicles and drones, has penned a three-year contract manufacturing agreement with Tropos Technologies. Even so, WKSH stock is on the rise today. Instead, the USPS plans to get its new fleet of delivery vehicles from Oshkosh (NYSE: OSK). However, there’s no talk about it acquiring these EVs from Workhorse. This has is it looking to purchase 25,000 EVs, which is over twice what it was previously expecting. Postal Service (USPS) wants to buy more electric vehicles (EVs).Īccording to these reports, the USPS wants to replace its aging fleet of postal trucks with new ones from an EV company. Workhorse (NASDAQ: WKHS) stock is on the rise Wednesday as investors react to reports that the U.S.
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