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.

You May Also Be Interested In

• Ather Energy Ltd (ATHERENE:IN) PT Raised to INR1,850 at CLSA
• Goldman Sachs Upgrades Capstone Copper Corp (CS:CN) (CSFFF) to Buy
• TD Cowen Starts Braveheart Bio (BRVE) at Buy