Workhorse Group Sets Second Quarter 2020 Earnings Call Read.
Postal Service as early as the second half of 2020… If you have any questions feel free to call us at 1-877-440-ZING or email us at Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.Everything you need to know about the market - quick & easy.A daily collection of all things fintech, interesting developments and market updates. Workhorse is about to commence production of the C-Series trucks, which should increase visibility for executing the backlog of orders from “We believe the company also has interest from multiple top-tier fleets that could be announced as large orders,” the analyst said. August 3, 2020.
Shares of Workhorse were up 2.25% at $2.50 at the time of publication Tuesday.Thank you for subscribing! August 10, 2020. In the meantime, as InvestorPlace’s Chris Tyler recently stated, Workhorse is on plan to build between 300 and 400 vehicles in 2020, with more than 1,100 on order from UPS (NYSE: UPS… One of the four remaining companies is Workhorse, a struggling electric vehicle startup that has many of its eggs in the USPS contract basket. Workhorse Group Inc (NASDAQ: WKHS) could be awarded the Next Generation Delivery Vehicle contract by the U.S. PRESS RELEASE. Bob Wood August 13, 2020 . Workhorse Group Reports Second Quarter 2020 Results Read. Sometimes that market isn’t sexy enough for the big players, but it’s sexy enough for us, and a big market for us,” Schrader said on PreMarket Prep.Schrader also provided an update on the $6 billion U.S. Ours get more than 40 miles per gallon equivalent,” Schrader said.In addition, he said Workhorse vehicles have half the maintenance costs of the current USPS fleet.“I think it’s a great opportunity for us. Postal Service as early as the second half of 2020… If you have any questions feel free to call us at 1-877-440-ZING or email us at Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.Everything you need to know about the market - quick & easy.A daily collection of all things fintech, interesting developments and market updates. Postal Service contract for its next-generation mail trucks.
The company could achieve C-Series production of 150 units in 2020 and 2,000 units in 2021, with EBITDA profitability by the end of 2021, Irwin said.Workhorse is well-positioned for the potential contract from the U.S. Ours runs more like a golf cart, so that’s really what you need. Workhorse won an initial contract from USPS in September 2016 to build and deliver six prototype vehicles. July 30, 2020. I believe that Workhorse will receive the USPS Contract. Order announcements by Workhorse “should provide incremental catalysts," he said. In June, Workhorse announced its two models of all-electric delivery vans have both passed federal safety testing, and the company has said it plans to sell between 300 and 400 vans by the end of 2020.“It’s an $18 billion market. Workhorse is one of four remaining participants bidding for the contract. Workhorse worked with UPS’ engineers to design the vehicle, relying on what it learned developing an electric prototype in a competition for a contract to build the U.S. Right now they get five to six miles per gallon. Postal Service contract for its next-generation mail trucks. Postal Service for its Next Generation Delivery Vehicle, which could be for as many as 180,000 vehicles, the analyst said. PRESS RELEASE . Workhorse Group Inc (NASDAQ: WKHS) could be awarded the Next Generation Delivery Vehicle contract by the U.S. They already have the truck … Obviously, if we were to get the full award or a decent-sized award, that would be transforming for the company,” Schrader said.Schrader said any company that wants to launch a true drone delivery service that would rival a truck would need FAA certifications.“They want safety first for sure, but from that standpoint, I think it’s a real opportunity and I think it’s more like two years away versus five years away,” he said.“I think what investors have done is looked at little Workhorse here and said look, not only are they making vehicles right now, they already have orders, and in addition to that they have a drone and they have an opportunity with the Post Office,” Schrader said.In a best-case scenario, Schrader said Workhorse has a massive opportunity in the next two years with both vans and drones.“In two years, best case, we get the Post Office contract, we also have a lot more orders and we’re producing to the tune of maybe 2,000 to 3,000 new vehicles per year in the C-Series,” he said.Thank you for subscribing! Workhorse is one of four remaining participants bidding for the contract.