Workhorse Group (WKHS) Executes Strategic Development Agreement with J.B. Poindexter & Co. Subsidiary EAVX to Expand its Product Offerings

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Go back to Workhorse Group (WKHS) Executes Strategic Development Agreement with J.B. Poindexter & Co. Subsidiary EAVX to Expand its Product Offerings

Workhorse Group (WKHS) PT Lowered to $20 at BTIG

May 10, 2021 1:25 PM EDT

BTIG analyst Gregory Lewis lowered the price target on Workhorse Group (NASDAQ: WKHS) to $20.00 (from $24.00) while maintaining a Buy rating.

The analyst commented, "WKHS traded down sharply (down ~10%) at the market open owing to Q1 revenues of $0.5M (Consensus $2.3M and BTIG $1.2M) with just 6 vehicles delivered... More

Workhorse Group (WKHS) Reports Q1 Revenues Miss

May 10, 2021 9:22 AM EDT

Workhorse Group (NASDAQ: WKHS) reported Q1 EPS of $. Revenue for the quarter came in at $521 thousand versus the consensus estimate of $2.61 million.

Management Commentary

We have had a step function improvement in production in the last month. Although we had planned to have achieved our year-to-date number of trucks produced... More