Postal Service for its Next Generation Delivery Vehicle, which could be for as many as 180,000 vehicles, the analyst said. From NAPS: On Friday, July 26, 2019, the National Association of Postal Supervisors filed a complaint in federal district court seeking declaratory and injunctive relief against the U.S. Workhorse decided to discontinue plans to produce it recently. Overall, Workhorse is a step closer to reaping some of the contract and markets should respond in kind. The Workhorse vehicle is electric. One of the four remaining companies is Workhorse, a struggling electric vehicle startup that has many of its eggs in the USPS contract basket. 2020 InvestorPlace Media, LLC. This contract is a chance for each finalist to prove its vehicles and then garner more of that $6 billion over time. All rights reserved.
That made me feel that they were being pumped up too much. The company’s Q2 revenues moved to $92,000, which is nearly nothing of course.The note here is that investors don’t have any fundamental reason to go out purchase Workhorse stock compared to Q1. The more I read about the company, the more certain I feel that they will be able to turn it into a win. 1125 N. Charles St, Baltimore, MD 21201. The Next Generation Delivery Vehicle (NGDV) will replace the Grumman Long Life Vehicle for the USPS in the near future. Workhorse’s sales stink. Karman/Morgan Olson’s vehicle is a plug-in hybrid. Many Workhorse bulls are counting on the potential US Postal Service contract to be the panacea that cures all ills. The USPS’ $6 billion award is going to distributed over a 5 or 6 year period. Buy. Therefore, a case is beginning to build for a WKHS stock purchase. Postal Service. The USPS award is going to be one of, if not the most important driver of Workhorse’s near-term progress. But now that one less finalist is in the running for the USPS fleet contract, I’m thinking differently.
Workhorse WKHS Stock had some HUGE News come out with a partnership with Hitachi for Higher Production - is this related to the $6 Billion USPS Contract? Now what. Oshkosh/Ford plans to manufacture an internal combustion vehicle based on the Ford Transit van. Postal Service for its failure to pay its supervisors, managers, and other professional and administrative employees in accordance with federal law, which, among other things, requires compensation … Yet, it seems like there is news afoot which improves Workhorse’s chances of winning the USPS fleet contract. The company sold the rights to the W-15 technology which will be used in Lordstown’s The most likely catalyst that could send WKHS stock skyward is a contract with the U.S. Postal Service to replace its aging fleet with a new line of fuel-alternative delivery vehicle. The U.S. The GLLV went out of production back in 1994, according to Fox Business. Once the award is announced, stock prices will move. The contract calls for 180,000 trucks to be delivered over five to seven years at a price between $25,000 and $35,000 each, which means it could be worth as much as $6.3 billion to the winner. All rights reserved. The USPS will now choose between a Therefore, Workhorse’s chances just increased, at least nominally. Bears doubt that Workhorse can ever become a profitable vehicle producer to the extent that it would justify today's valuation. Perhaps now is the time to buy WKHS stock. As of this writing Alex Sirois did not own shares of any of the above mentioned stocks. The competitive bidding process for the USPS contract would lead to substantial losses for Workhorse to win the contract. quotes delayed at least 15 minutes, all others at least 20 minutes. Therefore, a case is beginning to build for a WKHS stock purchase. According to a statement on the USPS website, the agency awarded $37.4 million in contracts in September 2016 to six suppliers to produce 50 … Currently priced at $17.43, WKHS sports a rich market cap of $1.8B with no real revenues, solely based on aggressive future expectations. Workhorse did move on news regarding Investors who’ve been following Workhorse for some time will remember its W-15 pickup truck. Even After Weak Sales Workhorse Stock Is a Buy on More Than Hype. Copyright © Further, Workhorse has been working out the kinks in its drone delivery van combination. Investors can at least make some educated guesses regarding a potential contract allocation based on drivetrain configurations. the USPS has considered upping its percentage of electric vehicles in its fleet. The Cincinnati-based company Workhorse has bid on the project and Lordstown Motors hopes to build the vehicles if Workhorse gets the contract. Nasdaq Further, the RFP for the contract makes clear that this is going to be staggered in tranches over several years. It is starting to look like the potential for such movement might be materializing. (USPS) But Workhorse probably won’t suffer for it. The bulls see this as a further impetus for Workhorse to be awarded the USPS contract. That is, this is not a winner take all situation. The three remaining finalists are not all electric vehicles. 1125 N. Charles St, Baltimore, MD 21201. Postal Service (USPS) is planning to award later this year. Workhorse is also awaiting announcement on a $6.3 billion federal contract for the U.S.
I also feel that being the only all-electric candidate indicates they may get a big portion. 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.. What’s going on?
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