Article printed from InvestorPlace Media, https://investorplace.com/2020/10/wkhs-stock-will-soar-200-when-workhorse-wins-the-usps-contract/. Long track record of big contract wins with every other delivery and logistics company out there. Workhorse — if the company wins the USPS contract — has visibility to achieving that market share within the next few years in the U.S. electric delivery van market. At this point, several bidders for the contract have dropped out, and Workhorse is one of the three remaining finalists. Many notable short-sellers out there — like Hindenburg Research and Fuzzy Panda Research — see Workhorse as a wildly overhyped EV company, built on all hype and no substance, with a hyperextended valuation. Postal Service — to the tune of $6 billion — WKHS stock may just … At $26 they are a relatively cheap play on battery-powered electric cars, but Workhorse Group’s focus on last-mile commercial delivery insulates it from the long-term threat hydrogen fuel technology poses to consumer electric car makers. However, Workhorse is focused on delivery fleets. Thus, if you do make an investment, it’s probably best to not get too aggressive. The New Daily 10X Stock Report: 98.7% Accuracy – Gains Up to 466.78%. For investors who want to get in on this boom, there are two issues. While hydrogen fuel cell technology may begin to make inroads in the consumer market and eventually displace battery tech, it’s a smaller threat when it comes to Workhorse’s target market. Postal Service is upgrading its aging fleet. Nasdaq That contract — dubbed Next Generation Delivery Vehicles, or NGDV for short — is widely considered the biggest and most valuable contract in the electric delivery market. The company was the developer of General Motors’ (NYSE:GM) chasses. Postal Service Contract, back in 2007 and was called AMP Electric Vehicles, 60% less maintenance expense versus fossil-fueled trucks, MoneyLine Podcast: Everything You Need to Know to Prepare for Tomorrow’s Election, 8 Ways to Make Money in a Turbulent Market, Trump vs. Biden: Stocks to Buy No Matter Who Wins the White House, 7 Clean Energy Stocks To Watch Ahead Of The U.S. Election, 7 Hot SPAC IPOs to Buy Before Election Day, Fuzzy Panda Research’s Take on Workhorse Group Is Just Silly, 8 Tech Stocks Of Tomorrow Investors Should Buy Today. Based on a 15% operating margin and ~120 million shares outstanding, my modeling suggests $2.5 billion in 2025 revenues could easily flow into $3 in earnings per share. Article printed from InvestorPlace Media, https://investorplace.com/2020/10/workhorse-wkhs-stock-could-skyrocket-usps-contract/. Nasdaq All rights reserved. Nasdaq Gas-powered cars aren’t going anywhere any time soon, but electric cars are finally going mainstream. Workhorse stock spent the first half of 2020 plodding along around $3, then suddenly shot up starting in June. Workhorse is one of four remaining participants bidding for the contract. There is also a proprietary telematics system to track and monitor the performance and optimize the routes. Copyright © 2020 InvestorPlace Media, LLC. By the end of June, WKHS stock had surpassed its all-time record highs. According to numerous reports, there are three finalists for the USPS contract: Workhorse, specialty truck maker Oshkosh (backed by Ford (NYSE:F)), and a Turkish automotive company by the name of Karsan Automotive. The Workhorse C650 and C1000 vans are “built specifically for last mile delivery.” A lower range and longer refuelling time don’t present the same sort of challenges for this application. After this transaction, Workhorse will have more than $270 million in cash available. Postal Service, which is in the process of upgrading its fleet of 165,000 vehicles and the contract could be worth over $6 billion. WKHS stock is risky. Electric delivery van maker Workhorse (NASDAQ:WKHS) was a relatively unknown company for years. Postal Service contract and its high valuation. Workhorse is the developer of electric vehicles for last-mile delivery. The Workhorse C650 and C1000 vans are “built specifically for last mile delivery.” A lower range and longer refuelling time don’t present the same sort of challenges for this application. To many investors this looks like WKHS got the USPS contract as, according to this announcement, they are accelerating production volume. Workhorse Group investors got some bad news Tuesday. Postal Service advanced mail truck contract, said the team has broken up. Postal Service spokesperson told Roth the USPS won’t decide who wins the competition for its next generation of delivery trucks until year-end, he said. Depending on who you ask, Tesla controls anywhere between 60% and 80% of the U.S. EV market. Copyright ©

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