Financial StrategyThe company's strategic capital injection and aggressive cost-cutting measures, including a workforce reduction, are set to improve liquidity and extend the company's financial runway.
Operational ExpansionWorkhorse's expansion of its dealer network and new partnerships with trucking service companies indicate a strong commitment to market penetration and customer reach.
Product DemandThe increased focus by California on zero-emission vehicles is anticipated to boost demand for the company's W56 model in the medium term.
Bears Say
Financial StabilityThe company's ongoing financial burn raises concerns about its ability to sustain operations without additional funding.
Funding And Capital StructurePotential increase in the firm's cost of capital and dilution of current shareholders' equity due to management's negotiations to establish new financing sources.
Regulatory And Infrastructure ChallengesSkepticism among fleet operators due to charging infrastructure and permit processes could impede the company's market penetration and growth.
What was Workhorse Group’s price range in the past 12 months?
Workhorse Group lowest share price was $0.15 and its highest was $1.36 in the past 12 months.
What is Workhorse Group’s market cap?
Currently, no data Available
When is Workhorse Group’s upcoming earnings report date?
Workhorse Group’s upcoming earnings report date is May 07, 2024 which is in 11 days.
How were Workhorse Group’s earnings last quarter?
Workhorse Group released its earnings results on Mar 12, 2024. The company reported -$0.17 earnings per share for the quarter, missing the consensus estimate of -$0.089 by -$0.081.
How many shares outstanding does Workhorse Group have?
Workhorse Group has 314,830,050 shares outstanding.
What happened to Workhorse Group’s price movement after its last earnings report?
Workhorse Group reported an EPS of -$0.17 in its last earnings report, missing expectations of -$0.089. Following the earnings report the stock price went down -18.047%.
Which hedge fund is a major shareholder of Workhorse Group?
Among the largest hedge funds holding Workhorse Group’s share is Wexford Capital LP. It holds Workhorse Group’s shares valued at 19K.
Workhorse Group, Inc. engages in designing and build performance battery-electric vehicles and aircraft. It develops cloud-based, real-time telematics performance monitoring systems. The firm operates in two divisions, Automotive and Aviation. The Automotive division operates as a original equipment manufacturer of class 3-6 commercial-grade, medium-duty truck chassis, marketed under the Workhorse brand. The Aviation division offers delivery drones and SureFly multicopter. The company was founded by Stephen S. Burns on February 20, 2007 and is headquartered in Loveland, OH.
Copying Jaime Perez's trades and holding each position for 1 Year would result in 8.33% of your transactions generating a profit, with an average return of -58.33% per trade.