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Because the stocks of workhorses are flying today

What happened

Actions of Group of battle horses (NASDAQ: WKHS), which is developing electric delivery trucks and bidding on a massive $ 6 billion contract to upgrade the United States Postal Service (USPS) delivery fleet, was galloping 9.5% at 1:35 pm EDT Friday.

The white pegasus runs alongside three brown horses.

Image source: Getty Images.


The workhorse is the “best solution” to winning the USPS contract, Roth Capital Partners said in a note published today on TheFly.com. And indeed, as Workhorse is the only company in the three bidder teams offering an all-electric delivery truck, it would appear to be best aligned to reduce future maintenance costs for the postal service and also make future delivery costs more predictable. fuel.

Furthermore, the contract in question – long believed to be worth around $ 6 billion – could actually end up paying $ 8.1 billion in taxpayer money to the winners, TheFly says.

Now what

Whether Roth is right or wrong in his prediction that Workhorse will win the contract remains to be seen, but investors won’t have to wait long for the answer. The USPS is expected to announce its winner, or winners, on October 13th.

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