Workhorse Group Inc (WKHS)

The past six months have seen several significant events impacting Workhorse Group, Inc.'s stock price. Workhorse entered into a merger agreement with Motiv Electric Trucks on August 15, 2025, which was completed in 2025. In November 2025, Workhorse Group reported its financial results for the third quarter ended September 30, 2025, and gained shareholder approval for the Motiv Electric Trucks merger. As of February 2026, Workhorse Group's stock has been in a downtrend since June 2010, with analysts giving it a "Hold" consensus rating.

A "Seasonality Score" of -35 has been noted for Workhorse Group, Inc., suggesting some level of seasonality. The broader market for last-mile delivery solutions has experienced significant tailwinds due to the accelerated adoption of e-commerce. Commercial vehicle fleet conversion to electric is also a priority in decarbonization efforts, further propelling demand in the sector.

Workhorse Group, Inc. is an American technology company focused on providing sustainable solutions to the commercial transportation sector. It operates as an OEM, designing and building battery-electric trucks and developing cloud-based telematics systems. The company's primary market is the last-mile delivery sector. In 2025, Workhorse merged with Motiv Electric Trucks to deliver a wider range of commercial EVs. Major products include battery-electric trucks designed for last-mile delivery and medium-duty applications, telematics software systems, and fleet charging solutions.

Workhorse Group is an American company with its primary operations and market in the United States. Its headquarters are in Sharonville, Ohio, and its manufacturing facility is in Union City, Indiana. Other key locations include Wixom, Michigan, and Foster City, California. In March 2025, Workhorse received approval from Transport Canada to sell its W4 CC and W56 models in Canada.

Workhorse Group's brand reputation has been shaped by its strategic moves towards strengthening its position in the electric commercial vehicle market, alongside ongoing financial challenges. The company maintains a commitment to zero-emission vehicles and the merger with Motiv Electric Trucks was a significant event. The company continued to strengthen and expand its EV portfolio, including the approval of its W4 CC and W56 models for sale in Canada in March 2025, opening up a new market. Workhorse was awarded a General Services Administration (GSA) contract in November 2025. The company has faced significant financial challenges, including a 37.38% year-over-year sales decline in 2024 and recurring losses. The stock has been in a downtrend, and some analyses indicate a "Strong Sell" rating, reflecting a bearish market sentiment.

Workhorse Group, Inc. has 30 institutional owners and shareholders who have filed 13D/G or 13F forms with the SEC, holding a total of 27,660 shares. Major institutional owners include Vanguard Group Inc., UBS Group AG, SBI Securities Co., Ltd., Danske Bank A/s, Kohmann Bosshard Financial Services, LLC, Farther Finance Advisors, LLC, Sound Income Strategies, LLC, Cwm, Llc, Ronald Blue Trust, Inc., and Allworth Financial LP. TIAA-CREF Funds is noted as owning the most shares of Workhorse Group.