Workhorse Group Looks Highly Undervalued And Under-Appreciated

We have owned Workhorse Group (Nasdaq: WKHS) stock for a while now and believe that market, chasing for fancier electric vehicle names, has still not fully acknowledged the value of the company, which may change as more investors look at the fundamentals. In this note, we have tried to value different parts of Workhorse Group assuming a fairly achievable set of assumptions and the result suggest that the risk-reward tradeoff is quite favorable for investors. We have written a detailed note about Workhorse in the past, which will provide a…

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If You Like Tesla And Nikola, You Will Love Workhorse Group

I just bought shares of Workhorse Group (Nasdaq: WKHS) and here’s why. The company has one of the best technologies to make it in the fast growing electric vehicle space. It has overcome the research & development challenges that have bogged down numerous players in the last-mile package delivery space. The company, expected to ramp production, has already achieved critical mass There’s a nice collection of positive catalysts over next few weeks that will help the company monetize all the work done over last many years. At first look, most…

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