Workhorse Group (WKHS) Sees Mid-Day Gains on USPS Speculation

(Updated - October 9, 2020 1:29 PM EDT)

Workhorse Group (NASDAQ: WKHS) sees intra-day upside. Shares up 7.8%

• gains tied to positive analyst speculation about a USPS deal.
• Roth Capital analyst Craig Irwin notes USPS D-Day is Tuesday, Oct. 13 and they expect a positive outcome.
• At that time USPS should announce the selected supplier for its $8.1B and 165,000 unit contract.
• Irwin said potential 3rd party beneficiaries of an announced WHKS deal are DPHC, TPIC, and RMG
• WKHS is one of three remaining applicants including Oshkosh (NYSE: OSK) and Karsan Automotive.

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