Workhorse Group Inc WKHS shares are trading higher by 13.42% to $3.55 Wednesday morning after the USPS said it plans to purchase additional electric delivery vehicles including over 34,000 commercially available off-the-shelf vehicles.
Why it Matters
Workhorse was previously a potential contender for a USPS EV contract in 2021 but lost out to Oshkosh Corp OSK. Oshkosh in 2021 won the right to manufacture zero-emission battery electric vehicles (BEV) and fuel-efficient low-emission internal combustion engine vehicles (ICE) for the USPS in their Spartanburg, South Carolina factory.
According to data from Benzinga Pro, Workhorse has a 52-week high of $12.34 and a 52-week low of $2.11.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
