Workhorse Group Inc (WKHS)

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Biden to push electronic vehicles today at 3pm est....also more positive plug for wrhs...ziggy


Electric Vehicles’ (EV) popularity among consumers and investors suggests that the EV revolution is finally here, after years of wait and hype. Their growing sales, positive impact on the environment (reduction of carbon emission), favorable policies (government grants and subsidies to promote EV), and growing infrastructure (increase in public charging stations) indicate that electric vehicles are not far from becoming mainstream.   
So using the TipRanks stock comparison tool, let’s compare five electric vehicles stocks and see how Wall Street analysts feel about these approximately 11.3% upside potential to current levels. 
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Workhorse Group (WKHS)
Shares of the electric truck manufacturer Workhorse Group have gotten a fair amount of beating, and are down over 47% this year. The company’s problems were exacerbated when the United States Postal Service (USPS) awarded a 10-year multi-billion contract to Oshkosh (OSK) instead of Workhorse to modernize its aging delivery vehicle fleet. (See Workhorse Group stock charts on TipRanks)   
Workhorse has filed a formal complaint with the Federal Court regarding the USPS contract and recently announced Rick Dauch as its new CEO. (Read more: Workhorse: Can New CEO Trigger a Turnaround? Analyst Weighs In) 
Whether the new CEO could turn the company around remains a wait-and-watch story. Meanwhile, Wall Street maintains a Moderate Buy consensus rating on the stock, based on 2 Buys and 4 Holds. The average Workhorse Group price target of $13.25 implies 27.3% upside potential from current levels