Stock of the Day

May 21, 2020

Workhorse Group (WKHS)

$2.63
-$0.06 (-2.2%)
Market Cap: $29.30M

About Workhorse Group

Workhorse Group Inc., a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers commercial vehicles under the Workhorse brand. The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015. Workhorse Group Inc. was founded in 2007 and is headquartered in Sharonville, Ohio.

Today's Trend

Workhorse Group, Inc. (WKHS) — News this week centers on a new, lower‑priced configuration of the W56 step van and related market reaction. The product announcement has driven positive headlines and an after‑hours rally; the company also set its Q4/FY2025 earnings release and call for March 31. Short‑interest data published alongside these reports appears inconsistent and likely not actionable.

  • Workhorse unveiled a 140 kWh version of its W56 all‑electric step van: a ~100‑mile range, payloads starting around 10,000 lbs, built on the existing W56 platform and priced from about $169,000 — positioned as a lower‑entry, in‑city last‑mile solution that could be more attractive to fleet customers looking to cut fuel costs or diversify. This is the main catalyst behind today’s bullish trading. GlobeNewswire: Product Release
  • Media coverage and market commentary flagged the cheaper W56 model, producing after‑hours buying interest and headlines about a rally in WKHS shares — attention from multiple outlets (MSN, Business Insider, Investing.com, Yahoo) can amplify investor focus on potential near‑term order activity. MSN: After‑hours Rally
  • Workhorse scheduled its fourth quarter and fiscal‑year 2025 earnings release and conference call for March 31 (4:30 p.m. ET). The call and reported results could drive more volatile moves depending on revenue, order cadence, and guidance. Yahoo Finance: Earnings Date
  • Several feeds flagged a “significant increase” in short interest for March, but the publicly posted figures contained zeros/NaN and days‑to‑cover = 0, indicating data errors or reporting lags. The short‑interest items are therefore inconclusive and shouldn’t be treated as a confirmed bearish signal until corrected filings are available.

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