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Why WKHS Stock Might Not Be the Frontrunner However, the USPS must also think about another kind of green (the economical variety), which makes the Workhorse narrative complicated. The Top 7 Marijuana Stocks to Buy for January Hence, many are excited about the possibility of WKHS stock as the underlying company is the greenest. Indeed, it’s the only company among the three contests vying for the USPS contract – the others are Karsan and Oshkosh, which are teamed with Morgan Olson and Ford (NYSE: F), respectively – that is all-electric. To cut down on that expense, Workhorse has proposed an all-electric solution. Basically, it’s the last leg of a parcel’s journey that is the costliest. The constant acceleration and deceleration, combined with extended periods of sitting still, contributes to the last-mile problem in logistics. But this fact becomes extremely obvious under stop-and-go driving conditions. Instead, the executive team is busy evangelizing the benefits of EVs to replace combustion-engine based delivery trucks and vans.Īs you know, combustion vehicles aren’t the most efficient transportation platforms. Better yet, the disclosure provides stakeholders substantial confidence that management isn’t banking on any single contract materializing. On a year-to-date basis, shares are up over 26%. Not surprisingly, WKHS stock jumped dramatically higher on the news. The deal with the Ontario, Canada-based truck leasing and sales company is split between Workhorse’s C-1000 and C-650 models and is subject to various production and delivery conditions.”
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According to, the specialist electric vehicle manufacturer stated that “Pride Group Enterprises will buy 6,320 C-Series all-electric delivery vehicles. Earlier this month, Workhorse won its largest delivery truck order, setting its 2021 off on the right note.