BOUGHT SOME AND RED
Thanks. Yea not very strong this morning. Interesting Company.
$WKHS sudden surge.
Workhorse Receives IRS Approval for Commercial Clean Vehicle Credit
CINCINNATI, Sept. 12, 2023 (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 announced that it has received IRS approval as a qualified manufacturer for the Commercial Clean Vehicle Credit as defined in 30D(d)(3) of the Internal Revenue Code. With this approval, Workhorse customers are eligible to receive up to a $40,000 credit for deliveries of all Workhorse vehicles in 2023 and beyond.
“We are focused on leading the transition to commercial EVs to make last-mile delivery more efficient and less harmful to the environment and are pleased that the IRS recognizes the inherent sustainability of our commercial EVs,” said Workhorse CEO Rick Dauch. “We look forward to providing this credit to our customers as we deliver our all electric, dependable, high quality commercial vehicles.”
Workhorse will be listed as a Qualified Manufacturer on the IRS Qualified Manufactured index on IRS.gov. Additional information on commercial clean vehicle tax credit can be found here.
3 Small-Cap EV Stocks That Could Get Acquired Soon
The EV market has become more competitive, but consolidation could still play out interesting ways https://investorplace.com/2023/08/3-small-cap-ev-stocks-that-could-get-acquired-soon/ $WKHS $AEHR $GOEV
Totally agree the fundamentals clearly say stay away... but I am simply buying on the insiders strong beliefe and will put these on a shelf and see what happens in the long term. Good Luck to you, if they had a Nutrual button I would click on it.
Workhorse Group Inc. $WKHS Total Debt (mrq) $9.85M Book Value Per Share (mrq) $0.58
I'm loading here as well. Earnings on August 8 before opening bell. Usually before open is a good sign. After close is a bad sign.
When an insider, in this case a director, pays $1.90 for a stock that was trading at $1.10 at the time of his purchase, I buy it... if an .80 above current PPS is good enough for him to buy 100K shares its good enough for me to buy a few thousand as well.
$WKHS or IDEX ?
I had shares too. I am sure we will be getting a claim form in the future.
yes I did, (well email and link to a web site) hopefully a letter comes through with a claim form - I checked I had shares that qualified