Why Workhorse Stock Is Flying Today
Shares of Workhorse Group (NASDAQ: WKHS), which is developing electric delivery trucks and bidding on a big $6 billion contract to upgrade the U.S. Postal Service (USPS) delivery fleet, were galloping ahead 9.5% as of 1:35 p.m. EDT on Friday.
Image source: Getty Images.
Workhorse is the "best fit" to win the USPS contract, Roth Capital Partners says in a note covered on TheFly.com today. And indeed, because Workhorse is the only company in the three teams of bidders offering a fully electric delivery truck, it would appear to be the best aligned to reduce future maintenance costs for the Postal Service, and make future fuel costs more predictable as well.
Source Fool.com
