Workhorse Group is an innovative transportation company that focuses on developing electric vehicles, primarily for the commercial delivery sector. The company designs and manufactures electric vans and trucks, incorporating advanced technology and sustainable practices to provide efficient and environmentally friendly transportation solutions. In addition to vehicle production, Workhorse is engaged in creating smart, connected solutions that optimize logistics and fleet management, supporting a transition towards cleaner energy and reducing the carbon footprint of the delivery industry. Their commitment to sustainability and innovation positions them as a key player in the evolving electric vehicle market. Read More
Workhorse Group Inc. (NASDAQ: WKHS) is in talks for a potential merger with a private electric vehicle manufacturer. The deal includes refinancing plans and a new subsidiary. No guarantee it will close.
Stay up-to-date with the latest market trends in the middle of the day on Friday. Explore the top gainers and losers during today's session in our detailed report.
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Workhorse Group Inc (NASDAQ:WKHS) shares are bouncing around in early trading Wednesday after the company announced it regained compliance with Nasdaq rules.
Workhorse Group shares are climbing in premarket trading after reporting a fiscal year 2024 sales drop of 49.5% to $6.616 million, missing estimates. The company posted a wider-than-expected EPS loss of $(51.69), but reduced operating losses and expenses. Workhorse aims to cut costs further while securing financial stability for its long-term strategy.
