Workhorse Group Inc., a technology company, designs, manufactures, builds, and sells battery-electric vehicles and aircraft in the United States. The company also develops cloud-based and real-time telematics performance monitoring systems that enable fleet operators to optimize energy and route efficiency. It offers electric and range-extended medium-duty delivery trucks under the Workhorse brand; and HorseFly Unmanned Aerial System, a custom-designed purpose-built all-electric drone system. The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015. Workhorse Group Inc. was founded in 2007 and is headquartered in Loveland, Ohio.
IPO Year:
Exchange: NASDAQ
Website: workhorse.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/9/2022 | $7.00 → $3.50 | Buy → Neutral | ROTH Capital |
| 3/3/2022 | $4.00 → $6.00 | Hold → Buy | R. F. Lafferty |
| 3/2/2022 | $7.00 | Neutral → Buy | ROTH Capital |
| 2/2/2022 | $4.00 | Hold | R. F. Lafferty |
| 8/11/2021 | $10.00 | Neutral | DA Davidson |
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ROTH Capital downgraded Workhorse Group from Buy to Neutral and set a new price target of $3.50 from $7.00 previously
R. F. Lafferty upgraded Workhorse Group from Hold to Buy and set a new price target of $6.00 from $4.00 previously
ROTH Capital upgraded Workhorse Group from Neutral to Buy and set a new price target of $7.00
R. F. Lafferty resumed coverage of Workhorse Group with a rating of Hold and set a new price target of $4.00
DA Davidson initiated coverage of Workhorse Group with a rating of Neutral and set a new price target of $10.00
Cowen & Co. downgraded Workhorse Group from Outperform to Market Perform and set a new price target of $13.00
B. Riley Securities initiated coverage of Workhorse Group with a rating of Buy and set a new price target of $20.00
Colliers Securities resumed coverage of Workhorse Group with a rating of Hold
Roth Capital reiterated coverage of Workhorse Group with a rating of Neutral and set a new price target of $15.00 from $19.00 previously
Roth Capital resumed coverage of Workhorse Group with a rating of Neutral
DEFA14A - Workhorse Group Inc. (0001425287) (Filer)
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3 - Workhorse Group Inc. (0001425287) (Issuer)
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3 - Workhorse Group Inc. (0001425287) (Issuer)
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3 - Workhorse Group Inc. (0001425287) (Issuer)
4 - Workhorse Group Inc. (0001425287) (Issuer)
3 - Workhorse Group Inc. (0001425287) (Issuer)
3 - Workhorse Group Inc. (0001425287) (Issuer)
3 - Workhorse Group Inc. (0001425287) (Issuer)
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Revenue of $4.3 million in Q1 2026, compared to $1.1 million in Q1 2025 on a comparable GAAP basisDelivered 21 vehicles in Q1 2026, compared to 5 vehicles in Q1 2025Announced 100-vehicle W56 purchase order from Gateway Fleets, with deliveries expected to begin in July 2026; combined with Purolator 100 vehicle order and other unannounced orders, drives total contracted backlog of 200+ vehicles since merger closeLaunched 140 kWh W56 battery configuration and limited-time promotional pricing on 210 kWh W56, driving new commercial activityOn track to exit 2026 at $20 million annualized cost synergy run rate; facility consolidation to Union City, Indiana complete DETROIT, May 14, 2026 (GLOBE N
DETROIT, May 06, 2026 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ:WKHS) ("Workhorse"), a North American OEM and provider of all-electric trucks, step vans, shuttles and buses, today announced it has partnered with InCharge Energy, a leading provider of EV charging and energy solutions for commercial fleets, to deliver an integrated "one stop shop" support for customers across North America. When the program launches later this year, Workhorse fleet customers will have access to live support specialists to simplify support by giving fleets one accountable entity to help navigate issues that span Workhorse vehicles, charging infrastructure, electrical systems, and third-party hardware a
DETROIT, April 30, 2026 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ:WKHS) ("Workhorse"), a North American OEM and provider of all-electric trucks, step vans, shuttles and buses, and Kingsburg Truck Center (KTC), a leading California truck dealer, today announced a purchase order for 100 W56 fully-electric step vans from Gateway Fleets, a California-based provider of bundled electric vehicle and charging solutions for commercial delivery operators. Gateway plans to deploy the W56 step vans across its network of electrified sites and is preparing to launch additional locations, to be announced in the coming months, expanding access to reliable charging across key markets. The company's
DETROIT, April 29, 2026 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ:WKHS) ("Workhorse") a North American OEM and provider of all-electric trucks, shuttles and buses, plans to conduct a conference call to discuss its first quarter results and business outlook on Thursday, May 14, 2026, at 4:30 p.m. Eastern time. Prior to the conference call, Workhorse will issue its first quarter earnings press release. The press release may also be viewed on Workhorse's website at ir.workhorse.com. To listen to the conference call webcast, please go to the Investor Relations section of Workhorse's website. To listen via telephone, please call (877)-407-0789 (U.S.) or (201)-689-8562 (international).
DETROIT, April 07, 2026 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ:WKHS) ("Workhorse"), a North American OEM and provider of all-electric trucks, step vans, shuttles and buses, today announced a limited-time pricing promotion on its W56 electric step van lineup. Effective April 1 through September 30, 2026, customers can purchase W56 step vans at significantly reduced prices through any authorized Workhorse dealer. Promotional Pricing — April 1 through September 30, 2026: W56 Standard Wheelbase (178"), 210 kWh: New pricing starts at $196,000 (versus $255,000 prior to promotion) — a savings of $59,000W56 Extended Wheelbase (208"), 210 kWh: New pricing starts at $204,000 (versus $265
Revenue of $9.7 million in Q4 2025, up 64% year-over-year; full year revenue of $21.2 million, up 201% year-over-yearOn a pro forma basis, combined company revenue of $34.0 million for full year 2025, compared to $13.7 million in 2024, an increase of 149%Delivered 65 vehicles in Q4 2025 and 112 vehicles for full year 2025, compared to 46 vehicles in full year 2024Combined delivered trucks surpassed 20 million real-world miles across more than 1,100 deployed vehiclesTargeting $20 million in annualized cost synergies from merger integration as the company exits 2026Announced a 140 kWh battery configuration of W56 step van in response to customer demand DETROIT, March 31, 2026 (GLOBE NEWSWIR
DETROIT, March 30, 2026 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ:WKHS) ("Workhorse") a leading provider of all-electric trucks, shuttles and buses, announces a purchase order for 100 fully-electric step vans from Purolator, a leading Canadian integrated freight, package and logistics solutions provider. This new order will double the number of Workhorse electric step vans in Purolator's fleet, building upon its prior purchases from Motiv Electric Trucks, which merged with Workhorse in late 2025. Workhorse will deliver the step vans to Purolator throughout 2026. "Purolator has a longstanding commitment to adopting new and innovative technologies to make their fleet more efficient a
New configuration purpose-built for the needs of in-city, last-mile package deliveryLower entry price combined with 100-mile range offers more affordable option for companies seeking to diversify fleets as a hedge against rising fuel prices DETROIT, March 25, 2026 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ:WKHS) ("Workhorse"), a North American OEM and provider of all-electric trucks, step vans, shuttles and buses, today announced the availability of a new W56 Step Van model with a 140 kWh battery. The new model is based on the same platform as the 210 kWh Workhorse W56 step van, which is renowned for its spacious cargo, ergonomic design, reliability and durability and comes in two w
DETROIT, March 24, 2026 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ:WKHS) ("Workhorse") a North American OEM and provider of all-electric trucks, shuttles and buses, plans to conduct a conference call to discuss its fourth quarter and fiscal year 2025 results and business outlook on Tuesday, March 31, 2026, at 4:30 p.m. Eastern time. Prior to the conference call, Workhorse will issue its fourth quarter and fiscal year 2025 earnings press release. The press release may also be viewed on Workhorse's website at ir.workhorse.com. To listen to the conference call webcast, please go to the Investor Relations section of Workhorse's website. To listen via telephone, please call (877)-407-0
Workhorse vehicles have demonstrated years of exceptional performance in a range of harsh operating environments, from the heat of Arizona summers to the sub-zero cold across CanadaMore than 1,100 Workhorse trucks, buses and shuttles have displaced the use of 2.3 million gallons of gas and prevented the emissions of 45 million pounds of CO2 DETROIT, March 10, 2026 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ:WKHS) ("Workhorse") a North American OEM and provider of all-electric trucks, shuttles and buses, announces that its 1,100+ electric vehicles deployed to customers have surpassed a combined 20 million miles of in-service travel. This deep real-world experience enables Workhorse to
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Board of Directors Approves Share Consolidation on an 8-for-1 Ratio Board of Directors Announces Jacqueline Dedo as Li-Cycle's Independent Board Chair Li-Cycle Holdings Corp. (NYSE:LICY) ("Li-Cycle" or the "Company"), a leading global lithium-ion battery resource recovery company, today announced updates from the Company's Annual General and Special Meeting of Shareholders held on May 23, 2024 (the "AGM"). Voting results of items of business at the AGM included the election of each of the Li-Cycle director nominees; the approval of the share consolidation resolution, described further below; the approval of the compensation of the Company's named executive officers on an advisory basi
VANCOUVER, BC, March 27, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) today announced the appointment of Ms. Jacqueline (Jacqui) Dedo to the Ballard Board of Directors. Ms. Dedo brings relevant experience to the Board with her background in the transportation industry, including electrified propulsion in heavy-duty mobility, while also bringing complementary competencies related to strategy, innovation, technology, and corporate governance. "We strive to have a Board that is comprised of highly qualified directors with diverse and complementary background
CINCINNATI, May 02, 2023 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) ("Workhorse" or "the Company"), an American technology company with a vision to pioneer the transition to zero emission commercial vehicles, announced the results of its annual stockholders' meeting held earlier today. The Company's stockholders have re-elected the following persons to the Company's Board of Directors for the ensuing year: Raymond Chess, Richard Dauch, Jacqueline Dedo, Pamela Mader, Scott Miller and Bill Quigley. Stockholders also elected Jean Botti and Brandon Declet for their first term on the Board. The Directors have been elected to serve a term expiring at the 2024 annual meeting of stoc
Seasoned global executive brings more than 40 years of experience and deep automotive industry expertise Li-Cycle Holdings Corp. (NYSE:LICY) ("Li-Cycle" or the "Company"), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, today announced that Jacqueline ("Jacqui") Dedo, has been appointed to serve as an independent director on the Company's Board of Directors (the "Board"), effective immediately. The Board is now comprised of nine directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220808005229/en/Jacqueline Dedo (Photo: Business Wire) "We're thrilled
CINCINNATI, May 03, 2022 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ: WKHS) ("Workhorse" or "the Company"), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last mile delivery sector, announced the results of its annual stockholders' meeting held earlier today. The Company's stockholders have re-elected the following persons to the Company's Board of Directors for the ensuing year: Raymond Chess, Richard Dauch, Benjamin Samuels, Gerald Budde, Harry DeMott, Jacqueline Dedo, Pamela Mader, Michael Clark and Bill Quigley. Shareholders also elected Scott Miller to the Board of Directors. With this addition, Workho
CINCINNATI, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ: WKHS) ("Workhorse" or "the Company"), an American technology company focused on providing sustainable and cost-effective electric vehicles to the last mile delivery sector, has appointed senior automotive and finance veteran William ("Bill") Quigley to its board of directors, effective February 23, 2022. Quigley has also been named a member of the Company's audit committee. With this addition, Workhorse's board composition has increased to nine total directors, eight of whom are independent. Quigley brings more than three decades of financial and operating experience in the automotive and manufacturing industries
CINCINNATI, Jan. 04, 2022 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ: WKHS) ("Workhorse" or "the Company"), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last mile delivery sector, today announced the appointment of Robert "Bob" Ginnan as Chief Financial Officer ("CFO"), effective January 4, 2022. Ginnan succeeds Greg Ackerson who had been serving as the Company's Interim CFO since September. Ackerson will help with Ginnan's transition before reassuming his role as Workhorse's Corporate Controller and Principal Accounting Officer. Ginnan comes to Workhorse with 20 plus years of senior finance and leadersh
CINCINNATI, Dec. 28, 2021 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ: WKHS) ("Workhorse" or "the Company"), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last mile delivery sector, today announced the results of its annual stockholders' meeting held earlier today. The Company's stockholders have re-elected the following persons to the Company's Board of Directors for the ensuing year: Raymond Chess, Richard Dauch, Benjamin Samuels, Gerald Budde, Harry DeMott, Jacqueline Dedo, Pamela Mader and Michael Clark. The Directors have been elected to serve a term expiring at the 2022 annual meeting of stockholders
CINCINNATI, April 26, 2021 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) ("Workhorse" or "the Company"), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last-mile delivery sector, announced today that it has appointed Ryan Gaul to the newly created position of "President – Commercial Vehicles," effective April 22, 2021. The President – Commercial Vehicles role will be responsible for managing Workhorse's commercial vehicles division, including its manufacturing facility in Union City. Gaul will report directly to Company CEO, Duane Hughes. Gaul brings nearly two decades of automotive experience in senio
CINCINNATI, April 21, 2021 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) ("Workhorse" or "the Company"), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last-mile delivery sector, announced today that it has appointed John Graber to the newly created tile of "President – Aerospace," effective April 20, 2021. Prior to his appointment, Graber had been leading the development of the Company's HorseFly™ last-mile drone delivery program since March 2020. The President – Aerospace role will oversee Workhorse's Unmanned Aerial Systems businesses and will report directly to the Company CEO. Graber brings decade
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Revenue of $4.3 million in Q1 2026, compared to $1.1 million in Q1 2025 on a comparable GAAP basisDelivered 21 vehicles in Q1 2026, compared to 5 vehicles in Q1 2025Announced 100-vehicle W56 purchase order from Gateway Fleets, with deliveries expected to begin in July 2026; combined with Purolator 100 vehicle order and other unannounced orders, drives total contracted backlog of 200+ vehicles since merger closeLaunched 140 kWh W56 battery configuration and limited-time promotional pricing on 210 kWh W56, driving new commercial activityOn track to exit 2026 at $20 million annualized cost synergy run rate; facility consolidation to Union City, Indiana complete DETROIT, May 14, 2026 (GLOBE N
DETROIT, April 29, 2026 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ:WKHS) ("Workhorse") a North American OEM and provider of all-electric trucks, shuttles and buses, plans to conduct a conference call to discuss its first quarter results and business outlook on Thursday, May 14, 2026, at 4:30 p.m. Eastern time. Prior to the conference call, Workhorse will issue its first quarter earnings press release. The press release may also be viewed on Workhorse's website at ir.workhorse.com. To listen to the conference call webcast, please go to the Investor Relations section of Workhorse's website. To listen via telephone, please call (877)-407-0789 (U.S.) or (201)-689-8562 (international).
Revenue of $9.7 million in Q4 2025, up 64% year-over-year; full year revenue of $21.2 million, up 201% year-over-yearOn a pro forma basis, combined company revenue of $34.0 million for full year 2025, compared to $13.7 million in 2024, an increase of 149%Delivered 65 vehicles in Q4 2025 and 112 vehicles for full year 2025, compared to 46 vehicles in full year 2024Combined delivered trucks surpassed 20 million real-world miles across more than 1,100 deployed vehiclesTargeting $20 million in annualized cost synergies from merger integration as the company exits 2026Announced a 140 kWh battery configuration of W56 step van in response to customer demand DETROIT, March 31, 2026 (GLOBE NEWSWIR
DETROIT, March 24, 2026 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ:WKHS) ("Workhorse") a North American OEM and provider of all-electric trucks, shuttles and buses, plans to conduct a conference call to discuss its fourth quarter and fiscal year 2025 results and business outlook on Tuesday, March 31, 2026, at 4:30 p.m. Eastern time. Prior to the conference call, Workhorse will issue its fourth quarter and fiscal year 2025 earnings press release. The press release may also be viewed on Workhorse's website at ir.workhorse.com. To listen to the conference call webcast, please go to the Investor Relations section of Workhorse's website. To listen via telephone, please call (877)-407-0
CINCINNATI, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Workhorse Group, Inc. (NASDAQ:WKHS) ("Workhorse" or "the Company"), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today reported financial results for the third quarter ended September 30, 2025. Management Commentary "We continue to make important progress on our product roadmap at Workhorse," said Company CEO Rick Dauch. "We recently announced the availability of the Utilimaster Aeromaster body for our W56 Class 5/6 step van, designed to enhance the flexibility, durability, efficiency, and safety of the W56 platform. This exciting new offering will enable us to deliver the performan
CINCINNATI, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) ("Workhorse" or "the Company"), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, will hold a conference call on Tuesday, November 11th at 10:00 a.m. Eastern time (7:00 a.m. Pacific time) to discuss its financial results for the third quarter ended September 30, 2025 as well as the Company's plans and outlook. Financial results will be issued in a press release prior to the call. Workhorse management will host a presentation, followed by a question-and-answer period. Date: Tuesday, November 11, 2025Time: 10:00 a.m. Eastern time (7:00 a.m. Pacific time)
Conference Call to Discuss Previously Announced Transaction and Workhorse's Second Quarter 2025 Financial Results Shareholders Can Submit Questions by Emailing shareholder@workhorse.com CINCINNATI and FOSTER CITY, Calif., Aug. 18, 2025 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ:WKHS) ("Workhorse" or the "Company"), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, and Motiv Electric Trucks ("Motiv"), a leading manufacturer of medium-duty electric trucks and buses, remind shareholders that the companies will hold a conference call tomorrow morning, Tuesday, August 19, at 10:00 a.m. ET, to discuss their previously announ
CINCINNATI, Aug. 15, 2025 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ:WKHS) ("Workhorse" or "the Company"), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today reported financial results for the second quarter ended June 30, 2025. Management Commentary "Our second quarter results reflect Workhorse's continued efforts to advance our product roadmap, secure purchase orders and deliver exceptional vehicles for our customers," said Workhorse CEO Rick Dauch. "We shipped a record 32 trucks in the second quarter, driven by the proven performance of our W56 step vans and positive customer feedback. We believe the continued dema
Joins Workhorse's proven vehicles, manufacturing capabilities and national dealer network with Motiv's diverse product portfolio and top fleet relationships Positions combined company to create value by offering broader portfolio of high performing commercial EVs at lower unit costs in the sizeable medium-duty truck market Strengthens combined company's financial profile through improved operational scale and simplified capital structure Workhorse closed today on $20M sale leaseback of Union City plant and $5M convertible note CINCINNATI, Ohio and FOSTER CITY, Calif., Aug. 15, 2025 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ:WKHS) ("Workhorse" or the "Company"), an American techno
CINCINNATI, May 15, 2025 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) ("Workhorse" or "the Company"), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today reported financial results for the first quarter ended March 31, 2025. Management Commentary "We continue to deliver high-quality electric trucks and build strong momentum as customer interest grows," said Workhorse CEO Rick Dauch. "Our W56's proven capabilities and recommendations from satisfied customers helped secure an initial order from Gateway Fleets, which will deploy the W56 across its vehicle network serving the independent service provider (ISP) community d
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