Workhorse(WKHS)
Search documents
Top Stocks With Earnings This Week: Plug, Oklo, Circle And More
Benzinga· 2025-11-10 13:38
Earnings Reports Overview - The earnings season is slowing down, but several retail-favorite companies are set to report this week [1] - Key companies reporting include Barrick Mining Corp., Plug Power Inc., Oklo Inc., Cisco Systems Inc., Walt Disney Co., and Applied Materials Inc. [2][3][5][10][11] Company-Specific Insights - Barrick Mining Corp. reported its third-quarter results before the market opened on November 10 [2] - Plug Power Inc. is expected to report losses of 12 cents per share and revenue of $179.54 million, having missed earnings expectations for the last 18 quarters [3] - Oklo Inc. is anticipated to report losses of 13 cents per share and revenue of $17.01 billion, with stock volatility noted ahead of the report [5] - Cisco Systems Inc. is expected to be a focal point for investors, particularly regarding management's guidance and updates on AI and cybersecurity business momentum [10] - Walt Disney Co. and JD.com Inc. will release earnings reports before the market opens on November 13 [11] - Applied Materials Inc. is set to release its Q4 results after the market closes on November 13 [11] Additional Companies Reporting - Other companies reporting this week include Workhorse Group Inc., Beyond Meat Inc., Microvision Inc., and Virgin Galactic Holdings Inc. [4][6][12]
Workhorse Group Urges Shareholders to Vote FOR All Proposals Ahead of Tomorrow’s Deadline
Globenewswire· 2025-11-10 13:00
Core Viewpoint - Workhorse Group, Inc. is urging shareholders to vote "FOR" all proposals related to the upcoming merger with Motiv, emphasizing the potential benefits of this transaction for the company's future in the medium-duty electric vehicle market [1][2][7]. Group 1: Shareholder Voting Importance - Shareholders are reminded that their vote is crucial for the approval of the Workhorse-Motiv merger, which is seen as a pathway to maximize investment value [2][7]. - The deadline for voting is set for November 11, 2025, at 11:59 pm ET, highlighting the urgency for shareholders to participate [3][8]. Group 2: Transaction Details - The merger with Motiv is positioned as the only viable option for Workhorse to address liquidity challenges and avoid potential restructuring that could diminish shareholder equity [7]. - Leading independent proxy advisory firms, Institutional Shareholder Services and Glass Lewis & Co., have recommended that shareholders vote in favor of the merger, recognizing its compelling value [7]. Group 3: Company Overview - Workhorse Group, Inc. focuses on the development of zero-emission commercial vehicles, with its manufacturing based in the United States [6]. - The company specializes in vehicles designed for last-mile delivery and medium-duty operations, catering to a growing range of specialized applications [6].
Workhorse Group Reminds Shareholders to Vote Today FOR All Proposals
Globenewswire· 2025-11-06 13:00
Core Viewpoint - Workhorse Group, Inc. is urging shareholders to vote in favor of all proposals at the upcoming Annual Meeting on November 12, 2025, emphasizing the importance of their participation in a potential merger with Motiv and other proposals [1][3][4]. Group 1: Shareholder Voting - Shareholders are encouraged to vote today for the transaction with Motiv and other proposals, as this could provide significant ownership in a leading medium-duty electric vehicle market company [3][7]. - The deadline for voting is set for 11:59 pm ET on November 11, 2025, and shareholders can vote online, by proxy card, or by phone [6][9]. - Independent proxy advisory firms, Institutional Shareholder Services and Glass Lewis & Co., have recommended that shareholders vote in favor of the merger, citing compelling strategic rationale and potential cost synergies [2][7]. Group 2: Company Outlook - If sufficient votes are not received, Workhorse may continue as an independent company, which could lead to liquidity issues and potential restructuring, resulting in minimal recovery for shareholders [4]. - The merger with Motiv is seen as a strategic move to enhance value for shareholders compared to a liquidation scenario [7]. - Workhorse Group is focused on the transition to zero-emission commercial vehicles, designing and building vehicles in the U.S. for various applications [11].
Workhorse Group Sets Third Quarter 2025 Earnings Call for Tuesday, November 11, 2025 at 10:00 a.m. ET
Globenewswire· 2025-11-05 21:05
Core Points - Workhorse Group Inc. will hold a conference call on November 11, 2025, at 10:00 a.m. Eastern time to discuss its third-quarter financial results and future outlook [1][2] - The financial results will be released in a press release prior to the call [1] - The conference call will be available for live broadcast and replay on the company's Investor Relations website [3] Company Overview - Workhorse Group Inc. is focused on the transition to zero-emission commercial vehicles, designing and building vehicles in the United States at its facility in Union City, Indiana [3] - The company specializes in vehicles for last-mile delivery, medium-duty operations, and various specialized applications [3]
Workhorse Group Recommends Shareholders Follow Recommendations of Leading Independent Proxy Advisory Firms to Vote FOR Motiv Transaction Today
Globenewswire· 2025-11-04 21:05
Core Viewpoint - Workhorse Group, Inc. has received recommendations from leading independent proxy advisory firms ISS and Glass Lewis to vote in favor of its transaction with Motiv Electric Trucks, highlighting the potential value this merger could deliver to shareholders [1][2]. Company Overview - Workhorse Group, Inc. is focused on the transition to zero-emission commercial vehicles, designing and building vehicles in the United States [7]. Transaction Details - The transaction with Motiv is seen as a significant milestone, providing shareholders with the opportunity to benefit from the growth potential in the medium-duty electric vehicle market [2][5]. - The merger is expected to create a platform for scalable growth, leveraging a diverse product portfolio and strong fleet relationships [5]. Strategic Rationale - The strategic rationale for the merger includes complementary businesses, expected scale benefits, and material cost synergies [5]. - The combined company aims to reduce unit costs and enhance competitiveness against both pure-play electric and legacy OEMs [5]. Financial Implications - The merger is projected to achieve at least $20 million in cost synergies by the end of 2026, through reductions in R&D, general and administrative expenses, and facility costs [5]. - A simplified capital structure and access to new financing are anticipated to support growth and margin expansion post-merger [5]. Market Position - Together, Workhorse and Motiv have served 10 of the largest medium-duty fleets in North America, enhancing customer confidence and market reach [5].
Workhorse Expands W56 Platform with Industry-Standard Utilimaster Body for Fleet Standardization
Globenewswire· 2025-11-03 13:00
Core Viewpoint - Workhorse Group Inc. has announced the availability of the Utilimaster Aeromaster body for its all-electric W56 Class 5/6 step van, enhancing its product line for fleets seeking zero-emission commercial vehicles [1][2]. Product Development - The integration, testing, and validation of the Utilimaster Aeromaster body have been completed, expanding the W56 product line with a familiar body design that offers reliability and zero-emission performance [2][4]. - The Aeromaster body features durable aluminum construction, low step height for driver safety, and modular interiors suitable for various applications, including parcel delivery and service [3][4]. Market Positioning - Workhorse aims to provide operational consistency for large fleets by offering the Utilimaster body on the W56 chassis, allowing fleet operators to maintain their established vehicle setups without disruption [4]. - The W56 is designed for last-mile delivery with a range of up to 150 miles on a single charge, zero tailpipe emissions, and up to 1,200 cubic feet of cargo space, making it a competitive choice for fleets transitioning to electric operations [4][6]. Company Overview - Workhorse Group Inc. is focused on pioneering the transition to zero-emission commercial vehicles, designing and building its vehicles in the United States [7].
Workhorse Reminds Shareholders to Vote Today FOR All Proposals
Globenewswire· 2025-10-30 12:00
Core Viewpoint - Workhorse Group, Inc. is urging shareholders to vote in favor of all proposals at the upcoming 2025 Annual General Meeting to facilitate a transaction with Motiv and enhance shareholder value in the medium-duty electric vehicle market [3][4]. Shareholder Voting Importance - Shareholders are encouraged to vote before the Annual Meeting scheduled for November 12, 2025, to ensure the transaction with Motiv can proceed [2][6]. - Voting for all proposals is critical for shareholders to gain a significant ownership stake in the combined company, which is positioned to lead in the medium-duty EV market [3][4]. Consequences of Not Voting - If shareholders do not vote for all proposals, the transaction with Motiv will not close, and Workhorse will remain an independent company, potentially facing liquidity issues and the need for restructuring [4][5]. - The lack of access to financial resources from the transaction could result in minimal or no recovery of shareholder equity if restructuring is pursued [5]. Voting Process - Shareholders can submit their votes through various methods, including online voting, attending the virtual meeting, or returning a proxy card [6][7]. - It is emphasized that all shareholders, regardless of the number of shares owned, have the opportunity to change their votes if they previously voted against any proposals [7]. Company Overview - Workhorse Group, Inc. is focused on the transition to zero-emission commercial vehicles, designing and building vehicles in the United States for last-mile delivery and medium-duty operations [8].
Workhorse and Motiv CEOs Post Video Highlighting Benefits of Compelling Transaction and Encouraging Workhorse Shareholders to Vote FOR All Proposals
Globenewswire· 2025-10-20 12:00
Core Points - Workhorse Group, Inc. is focused on transitioning to zero-emission commercial vehicles and has released a video highlighting the benefits of its transaction with Motiv [1][2] - Shareholders are encouraged to vote in favor of all proposals at the upcoming Annual Meeting scheduled for November 12, 2025 [2][3] Company Overview - Workhorse Group Inc. designs and builds zero-emission vehicles in the United States, specifically for last-mile delivery and medium-duty operations [4] - The company operates from the Workhorse Ranch in Union City, Indiana, and aims to expand its range of specialized applications [4] Shareholder Engagement - Shareholders of record as of September 18, 2025, are eligible to vote, and the company emphasizes the importance of every vote regardless of the number of shares owned [3] - Detailed voting information and strategic benefits of the transaction can be found on the company's dedicated voting website [3][4]
Workhorse Shareholders: Vote Today FOR Compelling Combination with Motiv
Globenewswire· 2025-10-16 12:00
Core Viewpoint - Workhorse Group, Inc. is urging shareholders to vote in favor of all proposals, particularly the merger with Motiv Electric Trucks, at the upcoming Annual Meeting scheduled for November 12, 2025 [2][4][8]. Group 1: Merger with Motiv - The merger with Motiv is an all-stock transaction aimed at creating a leading North American medium-duty electric truck OEM [4]. - Shareholders are informed that voting for the merger is essential to access financial resources and participate in the potential upside of the combined company [7][16]. - If the merger does not go through, Workhorse will remain an independent company, likely facing liquidity issues and potential restructuring [7][16]. Group 2: Voting Process - There are nine proposals that shareholders need to vote on at the Annual Meeting, and approval of all is necessary for the merger to proceed [7][16]. - Shareholders can vote through various methods, including attending the meeting virtually, voting online, or returning a proxy card [16]. - The deadline for votes is set for the Annual Meeting on November 12, 2025, and all eligible shareholders are encouraged to participate [16][15]. Group 3: Importance of Voting - The company emphasizes that every vote counts, regardless of the number of shares owned, and urges shareholders to vote as soon as possible [13][15]. - The communication highlights the potential long-term growth opportunities that could arise from the merger, reinforcing the importance of shareholder participation [7][8].
Markets Rebound As Vance Plays Good Cop; Says 'Willing To Be Reasonable' With China
ZeroHedge· 2025-10-12 15:22
Core Viewpoint - The escalating trade tensions between the US and China have led to significant market reactions, with President Trump's proposed tariffs causing turmoil, prompting Vice President Vance to attempt to stabilize the situation through diplomatic messaging [1][2][4]. Group 1: US-China Trade Relations - President Trump has threatened to impose an additional 100% tariff on Chinese exports, which has been met with strong opposition from Beijing, accusing the US of escalating tensions [1][2]. - The Chinese commerce ministry stated that the US has introduced new restrictions against China since the last trade talks, including placing Chinese companies on a trade blacklist [2]. - Vice President Vance emphasized the need for China to choose a reasonable path in the trade dispute, asserting that the US holds more leverage but is open to negotiation [4][5]. Group 2: Market Reactions - Following Vance's comments, US Trade Representative Greer expressed optimism that markets would stabilize, indicating that the Chinese may have overstepped in their actions [6][8]. - The crypto markets, particularly Ethereum, saw significant gains in response to the comments made by US officials, reflecting a positive market sentiment [6]. - The Dow Jones was reported to be trading up around 155 points, indicating a recovery in market confidence [12].