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

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October 9, 2020 1:12 PM EDT
Get Alerts WKHS Hot Sheet
Price: $3.43 +11.73%

Rating Summary:
    1 Buy, 8 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 36
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(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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