Why Workhorse Stock Is Up Today

Shares of Workhorse Group (NASDAQ: WKHS) traded up more than 10% on Friday following an endorsement from a Wall Street analyst. Workhorse is focused on electric trucks and delivery vehicles, and investors coming into 2021 had high hopes that the company would win at least part of a massive $6 billion contract to modernize the U.S. Postal Service delivery fleet. In a note entitled Workhorse Can Deliver Even Without the Post Office, Riley argues that the company's delivery vehicle will beat most of the competition to market, and its large cargo area makes it an attractive option for a lot of potential customers.