workhorse-has-the-edge-among-ev-delivery-trucks,-oppenheimer-says

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.” data-reactid=”19″ type=”text”>While Workhorse Group Inc (NASDAQ: WKHS) has strong long-term growth prospects, there are multiple catalysts that lend near-term upside to its stock, according to Oppenheimer.

The Workhorse Thesis: The company’s electric last-mile delivery truck platform offers the benefit of vehicle design iterations as well as a substantial competitive advantage of supporting a flexible manufacturing model, Rusch said.” data-reactid=”21″ type=”text”>The Workhorse Thesis: The company’s electric last-mile delivery truck platform offers the benefit of vehicle design iterations as well as a substantial competitive advantage of supporting a flexible manufacturing model, Rusch said.

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.

WKHS Price Action: Shares of Workhorse had declined by 5% to $17.85 at the time of publication.” data-reactid=”30″ type=”text”>WKHS Price Action: Shares of Workhorse had declined by 5% to $17.85 at the time of publication.

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

See more from Benzinga” data-reactid=”38″ type=”text”>See more from Benzinga

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