I've made some on this company before and it could be a winner again. Previously it was day-trading but this time for the long-haul.
Workhorse group: WKHS
Last close: .453
52 wk high: 3.45
52 wk low: .37
Reasons for optimism:
You can read about a 950 electric van order from UPS here if you'd like: https://www.trucks.com/2018/06/14/u...513472:1&utm_referrer=https://www.google.com/
The BIG REASON for optimism:
Workhorse group is ONE of FOUR companies still in the running to receive a contract to supply the USPS with its next delivery vehicle (the contract is for 180,000 vehicles worth up-to $6.3b.) The trial phase for the initial five companies in the running started last year and a winner was expected to be announced already, however, the announcement will be delayed until early-ish 2019
According to a trucks.com article, AM GENERAL will no longer participate beyond the prototype phase, which is good news for WKHS as their chances get a bump:
https://www.trucks.com/2018/12/05/n...513472:1&utm_referrer=https://www.google.com/
"There are new delays, and one bidder has exited the U.S. Postal Service’s program to replace its aging fleet of mail trucks with 180,000 next-generation delivery vehicles.
A key subcontractor with electric vehicle experience has told the Postal Service it would withdraw from the program and not participate past the prototype stage, according to a copy of a letter from London EV Co. USA obtained by Trucks.com. The letter also noted that AM General was the partner company.
“Once the prototype contract is complete, LEVC USA will collect its vehicles and conclude its participation in the NGDV Program,” the company said in its letter.
AM General did not immediately respond to a request for comment. It, like all the bidders, is bound by Postal Service nondisclosure agreements."
I have read some rumors (forgot where now) that the contract could be broken up and a portion could go to electric. There has also been speculation about how the politics of the Trump administration might affect picking the winner (will electric be embraced, and would a company with foreign roots, even with a U.S. partner, be a likely awardee.)
Workhorse group: WKHS
Last close: .453
52 wk high: 3.45
52 wk low: .37
Reasons for optimism:
You can read about a 950 electric van order from UPS here if you'd like: https://www.trucks.com/2018/06/14/u...513472:1&utm_referrer=https://www.google.com/
The BIG REASON for optimism:
Workhorse group is ONE of FOUR companies still in the running to receive a contract to supply the USPS with its next delivery vehicle (the contract is for 180,000 vehicles worth up-to $6.3b.) The trial phase for the initial five companies in the running started last year and a winner was expected to be announced already, however, the announcement will be delayed until early-ish 2019
According to a trucks.com article, AM GENERAL will no longer participate beyond the prototype phase, which is good news for WKHS as their chances get a bump:
https://www.trucks.com/2018/12/05/n...513472:1&utm_referrer=https://www.google.com/
"There are new delays, and one bidder has exited the U.S. Postal Service’s program to replace its aging fleet of mail trucks with 180,000 next-generation delivery vehicles.
A key subcontractor with electric vehicle experience has told the Postal Service it would withdraw from the program and not participate past the prototype stage, according to a copy of a letter from London EV Co. USA obtained by Trucks.com. The letter also noted that AM General was the partner company.
“Once the prototype contract is complete, LEVC USA will collect its vehicles and conclude its participation in the NGDV Program,” the company said in its letter.
AM General did not immediately respond to a request for comment. It, like all the bidders, is bound by Postal Service nondisclosure agreements."
I have read some rumors (forgot where now) that the contract could be broken up and a portion could go to electric. There has also been speculation about how the politics of the Trump administration might affect picking the winner (will electric be embraced, and would a company with foreign roots, even with a U.S. partner, be a likely awardee.)
