Ongoing Postal Service Battle Is Problematic for Workhorse Group
From the outset, many market traders had high hopes for electric delivery van maker Workhorse Group. Even to this day, there are plenty of WKHS stock bulls – but their patience and confidence may be wearing thin.Still, Workhorse’s growth story certainly isn’t finished yet. There’s hope on the horizon – if the company can let go of past grievances, that is.Don’t get me wrong – on a long-term basis, the shareholders have done quite well. Yet, as we’ll see, the first half of 2021 left much to be desired.
If stubbornness is a sin in the markets, then Workhorse might be adjudicated guilty on all counts. It’s a persistent problem that could continue to weigh on the company, and on the share price.