24/7 Market News Snapshot 15 August, 2025 – Workhorse Group, Inc (NASDAQ:WKHS)
DENVER, Colo., 15 August, 2025 (www.247marketnews.com) – (Nasdaq:WKHS) are discussed in this article.
Workhorse Group, Inc. (Nasdaq:WKHS) opened trading today at $1.75 and has seen a notable increase, currently trading at $2.033, reflecting a surge of 14.86%. This uptick follows a previous session close of $1.770, indicating strong bullish momentum bolstered by positive market sentiment surrounding electric vehicle developments. With a trading volume of 2.22 million shares, investor interest appears to be heightened as the stock approaches potential resistance levels near $2.05, while support can be identified at $1.80. The increased volume suggests further upward momentum could materialize if favorable market conditions persist.
In tandem with this trading activity, Workhorse has reported impressive financial results for the second quarter of 2025, showcasing its commitment to advancing zero-emission commercial vehicles. During this quarter, the Company shipped a record 32 W56 step vans, a milestone attributed to robust demand and strong customer feedback. CEO Rick Dauch highlighted the significance of these results, stating, “Our results reflect our ongoing dedication to delivering high-quality vehicles that meet the needs of the last-mile delivery market.”
Moreover, Workhorse is set to significantly enhance its market position through a definitive merger agreement with Motiv Electric Trucks, targeting the creation of a leading medium-duty electric truck OEM in North America. This merger is expected to yield operational efficiencies, expand product lines, and lower total costs for customers. The second quarter sales reached $5.7 million, a substantial increase from $0.8 million in the prior year, emphasizing the successful ramp-up of W56 production.
With a solid cash position and proactive measures improving financial stability, Workhorse is strategically positioned for future growth, aligning with ongoing discussions within its dealer network. The Company remains dedicated to transforming the commercial vehicle landscape through innovative electric solutions, fostering a greener and more efficient future in transportation.