Popular Stories

Workhorse Has The Edge Among EV Delivery Trucks, Oppenheimer Says

WKHS) has strong long-term growth prospects, there are multiple catalysts that lend near-term upside to its stock, according to Oppenheimer.

He added that Workhorse’s vehicles serve a market estimated at around $18 billion and has consumers who are unwilling to compromise on service.

The analyst believes the company is in a strong position to win the U.S. Postal Service contract for upgrading its delivery fleet of 165,000 vehicles, valued at $6.3 billion.

“Workhorse’s HorseFly drone is the only Unmanned Aerial Systems (UAS) that can be launched remotely from a last-mile delivery vehicle,” Rusch wrote in the note, adding that this advantage is protected by patents and can potentially lower last-mile delivery costs.

ROCE Insights For Workhorse Group” data-reactid=”32″>ROCE Insights For Workhorse Group

Latest Ratings for WKHS

Date Firm Action From To
Sep 2020 Oppenheimer Initiates Coverage On Outperform
Jul 2020 Colliers Securities Downgrades Buy Neutral
Apr 2020 Roth Capital Initiates Coverage On Buy

View Article Origin Here

Related Articles

Back to top button