Why Workhorse Group Stock Just Popped 10%
Shares of electric truck maker Workhorse Group (NASDAQ: WKHS) surged on Tuesday, and were up 10.4% as of 12:10 p.m. EST, apparently on no news of particular note.
But there is the prospect of two news events. First and foremost, Workhorse is gearing up to report third-quarter results on Nov. 9. Analysts expect a loss of $0.10 per share. Still, if the company hits that number, it will be a sizable improvement from the $0.17 quarterly loss a year ago.
As my fellow Motley Fool contributor John Rosevear pointed out last week, Workhorse is expected to give investors an update on the production status of the electric vans that it is building for Ryder System, and perhaps for other buyers as well.
Source Fool.com
