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<blockquote data-quote="Weather Man" data-source="post: 16585242" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3667396-electric-truck-maker-workhorse-falls-in-the-spotlight-with-earnings-on-tap" target="_blank">Electric truck maker Workhorse falls in the spotlight with earnings on tap</a></p><ul> <li data-xf-list-type="ul">Workhorse (NASDAQ:<a href="https://seekingalpha.com/symbol/WKHS" target="_blank">WKHS</a>) was already a bit of battleground stock before a volatile week of trading in response to the loss of a USPS contract on next-gen vehicles raised the stakes even further.</li> <li data-xf-list-type="ul">ARK Invest commented on the latest Workhorse development, saying that it finds it odd that the USPS is not committing to a fully electric platform. Cathie Wood's firm maintains EVs will dominate truck production and sales in the next ten years.</li> <li data-xf-list-type="ul">That raises the question if the USPS contract will become a political issue, especially after a House Democrat indicated support in trying to overrule the huge Oshkosh (NYSE:<a href="https://seekingalpha.com/symbol/OSK" target="_blank">OSK</a>) contract.</li> <li data-xf-list-type="ul">While the ARK Autonomous Technology & Robotics ETF (BATS:<a href="https://seekingalpha.com/symbol/ARKQ" target="_blank">ARKQ</a>) added 660,500 shares of Workhorse after the sell-off, other firms are sounding more cautious on the short-term implications for Workhorse from the unexpected USPS news.</li> <li data-xf-list-type="ul">"The conversation around the contest, whether Workhorse was selected as the supplier months back, and how similar the Oshkosh truck looks to the Workhorse solution will all dominate now," warns Capital Partners analyst Craig Irwin.</li> <li data-xf-list-type="ul">Meanwhile, RF Lafferty says the firm will be looking at potential orders from new and existing customers that will increase Workhorse's backlog and evaluating the WKHS cash burn rate.</li> <li data-xf-list-type="ul">Workhorse closed on Friday at $16.17 vs. the <a href="https://seekingalpha.com/symbol/WKHS/chart" target="_blank">52-week trading range of $1.31 to $42.96</a>.</li> <li data-xf-list-type="ul">WKHS was on Seeking Alpha's Catalyst Watch for the week with the company's <a href="https://seekingalpha.com/news/3667253-seeking-alpha-catalyst-watch" target="_blank">earning report and conference call on Monday of high interest</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16585242, member: 137766"] [URL='https://seekingalpha.com/news/3667396-electric-truck-maker-workhorse-falls-in-the-spotlight-with-earnings-on-tap']Electric truck maker Workhorse falls in the spotlight with earnings on tap[/URL] [LIST] [*]Workhorse (NASDAQ:[URL='https://seekingalpha.com/symbol/WKHS']WKHS[/URL]) was already a bit of battleground stock before a volatile week of trading in response to the loss of a USPS contract on next-gen vehicles raised the stakes even further. [*]ARK Invest commented on the latest Workhorse development, saying that it finds it odd that the USPS is not committing to a fully electric platform. Cathie Wood's firm maintains EVs will dominate truck production and sales in the next ten years. [*]That raises the question if the USPS contract will become a political issue, especially after a House Democrat indicated support in trying to overrule the huge Oshkosh (NYSE:[URL='https://seekingalpha.com/symbol/OSK']OSK[/URL]) contract. [*]While the ARK Autonomous Technology & Robotics ETF (BATS:[URL='https://seekingalpha.com/symbol/ARKQ']ARKQ[/URL]) added 660,500 shares of Workhorse after the sell-off, other firms are sounding more cautious on the short-term implications for Workhorse from the unexpected USPS news. [*]"The conversation around the contest, whether Workhorse was selected as the supplier months back, and how similar the Oshkosh truck looks to the Workhorse solution will all dominate now," warns Capital Partners analyst Craig Irwin. [*]Meanwhile, RF Lafferty says the firm will be looking at potential orders from new and existing customers that will increase Workhorse's backlog and evaluating the WKHS cash burn rate. [*]Workhorse closed on Friday at $16.17 vs. the [URL='https://seekingalpha.com/symbol/WKHS/chart']52-week trading range of $1.31 to $42.96[/URL]. [*]WKHS was on Seeking Alpha's Catalyst Watch for the week with the company's [URL='https://seekingalpha.com/news/3667253-seeking-alpha-catalyst-watch']earning report and conference call on Monday of high interest[/URL]. [/LIST] [/QUOTE]
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