wkhs postal contract

There is also a proprietary telematics system to track and monitor the performance and optimize the routes. Consider that WKHS stock has soared from $1.32 to a high of $30.99. Postal Service, which is in the process of upgrading its fleet of 165,000 vehicles and the contract could be worth over $6 billion. Many consider battery-powered electric cars a stopgap solution, with hydrogen fuel cell-powered electric cars the real endgame for the future.

Workhorse is the developer of electric vehicles for last-mile delivery. If Workhorse lands that USPS contract? quotes delayed at least 15 minutes, all others at least 20 minutes. Gas-powered cars aren’t going anywhere any time soon, but electric cars are finally going mainstream. The Postal Service began the procurement process for these vehicles in January 2015. That is an impressive run! With the surge in the growth of e-commerce, there is a need for more cost-effective last-mile delivery vehicles.

Let’s say the 350,000-unit U.S. delivery market reaches 20% EV penetration by 2025. The first is that shares in these companies are becoming expensive. In short, the company already has a working electric delivery van, with market leading range and top-notch performance specs, that the company is actively delivering to some of the biggest customers in this space — like FedEx (NYSE:FDX), UPS (NYSE:UPS), Ryder (NYSE:R) and DHL — at the same time that most other companies in the market are still in the “concept” phase. But it did not get much attention until this year. In other words, this could represent a valuable asset for Workhorse’s balance sheet. I highly firmly believe Workhorse is a takeover target considering the huge prospects this company has. Workhorse shares earn an ‘A’ rating in my Portfolio Grader. Delivery vans aren’t driving hundreds of miles between cities, and they can be plugged in and fully recharged overnight.

Countries are implementing and sticking to legislature to decarbonize transportation. Still, the odds are good that Workhorse wins the USPS contract, and leverages that contract to turn into the Tesla of delivery vans in the U.S. over the next few years. The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015. In the running for a huge contract to supply electric delivery vehicles to the U.S. Thus, if you do make an investment, it’s probably best to not get too aggressive. A win could send WKHS stock to the moon. Yet it would not be existential for the company. Besides the huge revenue boost, couriers and other delivery businesses are going to take notice. The postal service is replacing its aging fleet of gas-powered delivery vehicles. The WKHS stock could still run higher again on the anticipation of a coming decision. 20 Election Stocks to Buy if Joe Biden Wins in 2020. The company was the developer of General Motors’ (NYSE:GM) chasses.

That contract — dubbed Next Generation Delivery Vehicles, or NGDV for short — is widely considered the biggest and most valuable contract in the electric delivery market. As for Lordstown Motors, it is looking to merge with the DiamondPeak Holdings (NASDAQ:DPHC) SPAC. Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors. Workhorse stock spent the first half of 2020 plodding along around $3, then suddenly shot up starting in June. Of course, the meteoric rally in WKHS stock has attracted the attention of multiple bears, pundits and critics. 1125 N. Charles St, Baltimore, MD 21201. Postal Service fleet upgrade contract, which is a new fleet of 165,000 vehicles and the contract will be worth $6 to $8 billion. This year’s WKHS stock gains could be just the start. Roth Capital downgrades Workhorse Group to neutral from buy.
However, investors should note that shares have backed off. At a $50,000 price point, that implies about $2.5 billion in revenues — which is, as it turns out, just a smidge above Wall Street’s consensus 2025 revenue estimate.

Roth Capital analyst Craig Irwin downgraded electric truck maker Workhorse Group  (WKHS) - Get Report to neutral from buy after a U.S. In my opinion, Workhorse is most definitely soon to get a large part if not all of the U.S. With the USPS contract, Workhorse gains immense visibility to turn into the Tesla (NASDAQ: TSLA) of delivery vans.

Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. At this point, it’s trading above $26 and at time of writing, its gains for 2020 were nearly 765%. Show full articles without "Continue Reading" button for {0} hours. Nasdaq But in my eyes this looks like this. Follow tradeinvestments2019 and get email alerts. More details soon. 1125 N. Charles St, Baltimore, MD 21201. Like us on Facebook to see similar stories, Law enforcement has 'delicate balance' at polls on election day, The 20 best things to get at Aldi this year, according to shoppers. The weight of evidence and data today continues to suggest that — despite the delay — Workhorse will still win the USPS contract. I believe the contract news is imminent. Article printed from InvestorPlace Media, https://investorplace.com/2020/10/workhorse-wkhs-stock-could-skyrocket-usps-contract/. Postal Service advanced mail truck contract, said the team has broken up. Workhorse is one of four remaining participants bidding for the contract. Three, Workhorse has emerged as a clear leader in the electric delivery van space. USPS Fleet Upgrade Contract. This could translate into $170,000 in savings over a 20-year period. ELECTRIC IS THE FUTURE AND THE FUTURE IS NOW, Long Only, Special Situations, Value, Research Analyst. Connecting the dots, then, it’s actually pretty easy to see why WKHS stock rose by 10X in 2020. Less than 1% of fleet vehicles are electric today. Postal duty — last mile delivery — is exactly what Workhorse Group’s electric delivery vans are designed for. © Provided by InvestorPlace A Workhorse (WKHS) W-15 hybrid electric pickup truck on display at a branding event in Flatiron Plaza in New York. Nasdaq However, Workhorse is focused on delivery fleets. To many investors this looks like WKHS got the USPS contract as, according to this announcement, they are accelerating production volume. And, perhaps most importantly, the technology and economics underlying electric vehicles has improved to a point where they are a viable and economically sensible alternative to gas-powered autos. Article printed from InvestorPlace Media, https://investorplace.com/2020/10/wkhs-stock-will-soar-200-when-workhorse-wins-the-usps-contract/.

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