The Latest Breaking News from WKHS

Workhorse Group Inc. (NASDAQ:WKHS) shares sank Monday after the company disclosed it is negotiating a potential merger with a privately held U.S. manufacturer of electric commercial vehicles.

EV OEMs are in a shaky position, and more are expected to declare bankruptcy before any reach profitability. Dilution and short sellers are a risk.

The shares of car-making companies have been suffering off late as investors fret over a potential recession and falling car sales. Hence, it could be wise to avoid fundamentally weak auto stocks XPeng (XPEV), Workhorse Group (WKHS), and Faraday Future Intelligent Electric (FFIE), which are stuck in reverse. Continue reading.

The automobile industry has been hit this year by supply chain issues, rising raw material prices, and chip shortages. With a recession expected next year, financially weak auto stocks could continue to tumble. Thus, it could be wise to sell Lucid Group (LCID), Workhorse Group (WKHS), Mullen Automotive (MULN), and…

The stock market is experiencing wild swings amid the consecutive Federal rate hikes and deteriorating investor sentiments. Moreover, the aggressive rate hikes are raising recession concerns. Therefore, fundamentally weak stocks Uber Technologies (UBER), Workhorse Group (WKHS), and AppHarvest (APPH) might be best avoided for your retirement portfolio. Also, these stocks…

Although EV demand is growing, the industry is riddled with charging infrastructure and semiconductor chip shortage issues. Therefore, we believe it could be wise to avoid fundamentally poor EV stocks Lucid Group (LCID), Nikola (NKLA), Canoo (GOEV), Workhorse Group (WKHS), and Mullen Automotive (MULN) this year. Let's discuss this in…

Postal delivery vans are a perfect use case for EVs, and it should be a no-brainer for the US Postal Service to replace its fleet of delivery vehicles with EVs.

The road to mainstream EV adoption seems to be lengthy. Moreover, the industry is still grappling with looming supply chain disruptions and a shortage of key raw materials. Given the industry headwinds, we think investors should avoid fundamentally bleak EV stocks Workhorse Group (WKHS), Rivian Automotive (RIVN), and Lucid Group…

According to Benzinga Pro data, during Q1, Workhorse Group (NASDAQ:WKHS) posted sales of $14.30 thousand. Earnings were up 85.87%, but Workhorse Group still reported an overall loss of $22.05 million.