Over 50 Finance July 20, 2020 comments off.

Stay tuned. Workhorse News: Why WKHS Stock Is Surging 4% Today WKHS secured $200M in financing By William White , InvestorPlace Writer Oct 12, 2020, 2:07 pm EDT October 12, 2020

David and Tom just revealed what they believe are the ten best stocks for investors to buy right now… and Workhorse Group wasn’t one of them! For Workhorse, such a deal could yield a nice windfall, Irwin wrote. Workhorse said on Tuesday that an unnamed institutional investor has agreed to purchase $70 million in senior secured convertible notes. Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Workhorse Group Stock Is Down Today @themotleyfool #stocks $WKHS, Why Workhorse Group Stock Is Higher Today, Forget Tesla's Battery Day, These EV Stories Are More Important, Why Shares of Workhorse Group and DiamondPeak Holdings Dropped on Wednesday, 3 Electric Vehicle Stocks That Are Better Than Tesla, Copyright, Trademark and Patent Information. In a note on Monday morning, Roth Capital analyst Craig Irwin wrote that he sees a “rising probability” that a special purpose acquisition company, or SPAC, could take over Lordstown Motors in a deal similar to the one that effectively took electric big-rig maker Nikola (NASDAQ: NKLA) public in early June. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. 10 stocks we like better than Workhorse Group, When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Lordstown’s electric pickup, called the Endurance, incorporates designs and technology licensed from Workhorse Group. But given the other SPAC deals we’ve seen in this space over the last several weeks, including deals involving hybrid-semi powertrain maker Hyliion, electric-SUV start-up Fisker, and driver-assist sensor maker Velodyne Lidar, a similar deal for Lordstown wouldn’t be surprising.

After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. John Rosevear has no position in any of the stocks mentioned.

That 1% fee could be significant even if a SPAC deal doesn’t happen soon, as Irwin thinks that Lordstown is in a strong position to raise capital. So what’s it worth to Workhorse?

Shares of Workhorse Group (NASDAQ: WKHS), a maker of electric commercial vehicles, were trading higher on Monday, as most electric-vehicle stocks rallied to open the week. Image source: Workhorse Group. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. John Rosevear is the senior auto specialist for Fool.com. Let's conquer your financial goals together...faster. The group is likely rising today as investors have reassessed the risks of SEC scrutiny and decided that last week's sell-off may have been overblown. There was no big news driving Workhorse's stock higher on Monday. The Motley Fool has no position in any of the stocks mentioned. As of 2 p.m. EDT, Workhorse’s shares were up about 10.8% from Friday’s closing price. Irwin maintained his previous buy rating on Workhorse’s stock and reiterated the $27 price target from his note on July 13. Shares of several special purpose acquisition companies (SPACs) that are in the process of merging with electric-vehicle start-ups fell sharply last Thursday, after Securities and Exchange Commission chair Jay Clayton said the agency is examining the disclosures of such companies. That's right -- they think these 10 stocks are even better buys. David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Workhorse Group wasn't one of them! WKHS stock has had a bumpy ride up from its $3 lows to something around $25 today. As of 1:30 p.m. EDT, Workhorse's shares were up about 12.5% from Friday's closing price. For the time being, at least, it's a safe bet that as DiamondPeak's stock goes, so will Workhorse's, and vice-versa. Workhorse Group, Inc. () Stock Market info Recommendations: Buy or sell Workhorse Group stock? *Stock Advisor returns as of June 2, 2020. But its fortunes are to a considerable extent tied to a company that is: Workhorse owns 10% of Lordstown Motors, an electric pickup-truck start-up that is in the process of merging with SPAC DiamondPeak Holdings. Returns as of 10/20/2020. Auto investors should note that bids for that Postal Service contract are due later this month, Lewis said. *Stock Advisor returns as of September 24, 2020, Like us on Facebook to see similar stories, Arizona's COVID Shutdowns Threaten Constitutional Principles | Opinion, British supermarket chain launches frozen chicken nugget into space to celebrate anniversary. Join our mailing list to receive the latest updates from Over 50 Finance. Auto investors, take note. Nikola went public via a merger with SPAC VectoIQ Acquisition in early June. Postal Service contract that could be worth $8 billion in revenue. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. The Motley Fool has no position in any of the stocks mentioned. 3 Reasons Why Workhorse Stock Is a Long-Term Winner Workhorse Group is emerging as a leader in a huge new category By ... up from today’s ASP of … Workhorse isn't a SPAC-related company; it went public way back in 2010. Is the Market Underestimating the Number of People Paying Rent? Why Micron Is So Excited About Artificial Intelligence, Better Buy: ExxonMobil Corporation vs. Royal Dutch Shell, Karyopharm Therapeutics Inc (KPTI) Q3 2019 Earnings Call Transcript, 1 Reason Square’s Core Payment Processing Business Still Has Room to Grow, 3 Lessons From AbbVie’s $5.8 Billion Blunder With Cancer Drug Rova-T.

John Rosevear owns shares of General Motors.

Workhorse will only build a few hundred of its new C Series electric-delivery vans this year, but it's hoping to ramp-up production substantially in 2021.

Image source: Lordstown Motors. 10 stocks we like better than Workhorse GroupWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. The Motley Fool has a disclosure policy. CEO Duane Hughes said the added funds will give the company what it needs to get its new C Series package-delivery vans into production, and will bolster its balance sheet as it seeks to establish a revolving line of credit. Connect with friends faster than ever with the new Facebook app. There was no big news driving Workhorse's stock higher on Monday.

Why Workhorse Group Stock Is Up Sharply Today, Here’s What a High Credit Score Could Save You on Your Mortgage, Buy These Growth Stocks Trading Around $10 Before They Soar Higher, IPO Investing: How to Get In On the Ground Floor of Newly Public Companies, 3 Key Social Security Numbers You Need to Know, Americans Made Responsible Choices With Their Stimulus Checks — and They Need Another One. Lewis wrote that while Workhorse's stock has gained over 200% since the C Series vans received U.S. government approval last month, that approval has put the company in position to bid for a U.S. Rich Smith The Motley Fool ... could actually end up paying $8.1 billion in taxpayer money to the … Why Workhorse Stock Is Flying Today. Workhorse's shares had closed 20% higher on Tuesday and are still up over 700% since the beginning of April, but they were down about 15.3% as of 10:30 a.m. EDT on Wednesday.

Workhorse is also entitled to a 1% fee on all debt and equity raised to fund Lordstown during that two-year period, Irwin noted. Shares of electric-van maker Workhorse Group (NASDAQ: WKHS) were rising on Monday, after a Wall Street analyst speculated that a deal could be in the works for electric-pickup start-up Lordstown Motors, in which Workhorse owns a stake. examining the disclosures of such companies. John has been writing about the auto business and investing for over 20 years, and for The Motley Fool since 2007. John Rosevear (TMFMarlowe) Jul … The company's shares, along with others in its peer group, were moving higher on Monday following a sell-off last last week. So why was the stock down on Wednesday? Show full articles without "Continue Reading" button for {0} hours. The Motley Fool has a disclosure policy. Separately, in a new note on Wednesday morning, BTIG analyst Gregory Lewis raised his price target on Workhorse's shares to a Wall Street-high $26 from $10 and reiterated his buy rating on the stock. Auto investors should be clear that this is one analyst’s speculation; as far as the public knows, there’s no deal in the works for Lordstown.



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