Workhorse Group Inc (NASDAQ:WKHS) shares are trading higher by 13.42% to $3.55 Wednesday morning after the USPS said it plans to purchase additional electric delivery vehicles including over 34,000 commercially available off-the-shelf vehicles.
Why it Matters
Workhorse was previously a potential contender for a USPS EV contract in 2021 but lost out to Oshkosh Corp (NYSE:OSK). Oshkosh in 2021 won the right to manufacture zero-emission battery electric vehicles (BEV) and fuel-efficient low-emission internal combustion engine vehicles (ICE) for the USPS in their Spartanburg, South Carolina factory.
According to data from Benzinga Pro, Workhorse has a 52-week high of $12.34 and a 52-week low of $2.11.
