Workhorse Group Inc WKHS shares are trading lower by 13.7% at $8.32 Monday after the company reported a first-quarter net loss and lower-than-expected sales, while also lowering its 2021 production target.
In all, Workhorse reported quarterly sales of $521 thousand, which missed the analyst consensus estimate of $2.61 million.
Where Will Workhorse Stock Go Following Q1 Earnings?
Shares of EV-related stocks, including Plug Power Inc PLUG and FuelCell Energy Inc FCEL, are trading lower by 10.5% and 10.3%, respectively, in sympathy with shares of Workhorse.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
