What's Going On With Workhorse Group Stock Wednesday?

Workhorse Group Inc WKHS on Wednesday announced that it will commence deliveries of its extended wheelbase W56 vans.

What To Know: Workhorse said it will begin delivering W56 step vans to a national provider of uniforms and workplace supplies in partnership with Revolv.

The company noted that the order was initially placed in 2024, but was recently adjusted to include 13 of Workhorse’s newly available 208-inch extended wheelbase step vans. The W56 offers up to 150 miles of range and has a payload capacity of up to 10,000 pounds.

Revolv will put the vehicles into service for the workplace supplies company in 2025 and work to integrate the vehicles into their operations. Kingsburg Truck Center will provide a custom upfit tailored to the fleet’s operational needs. 

“The W56 has continued to demonstrate its real-world performance and reliability, making it a strong fit for fleet operators transitioning to electric,” said Ryan Gaul, president of commercial vehicles at Workhorse.

Workhorse is scheduled to report financial results for the fourth quarter before the market open on March 31.

WKHS Price Action: Workhorse Group shares were up 9.44% at $1.92 at the time of publication Wednesday, according to Benzinga Pro.

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