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Workhorse Group ( (WKHS) ) has issued an announcement.
On August 15, 2025, Workhorse Group Inc. entered into a merger agreement with Motiv Power Systems, Inc., aiming to create a leading medium-duty electric truck OEM in North America. The merger, which involves an all-stock transaction, positions Motiv’s controlling investor as the majority owner of the combined company, while Workhorse shareholders retain a significant equity stake. The merger is expected to enhance the combined company’s financial profile and operational scale, allowing it to offer a broader portfolio of commercial electric vehicles at lower costs. The transaction also includes a $20 million sale leaseback of Workhorse’s Union City plant and a $5 million convertible note, providing liquidity to fund operations and repay existing debt. The merger is anticipated to drive cost synergies and strengthen the company’s market position in the electric vehicle industry.
The most recent analyst rating on (WKHS) stock is a Hold with a $15.63 price target. To see the full list of analyst forecasts on Workhorse Group stock, see the WKHS Stock Forecast page.
Spark’s Take on WKHS Stock
According to Spark, TipRanks’ AI Analyst, WKHS is a Neutral.
Workhorse Group’s overall stock score is primarily impacted by its poor financial performance, characterized by significant losses and high leverage. Technical analysis and valuation metrics further contribute to a low score, reflecting bearish trends and lack of profitability. The earnings call provides a slight positive offset with strategic initiatives and cost reductions, but the overall outlook remains challenging.
To see Spark’s full report on WKHS stock, click here.
More about Workhorse Group
Workhorse Group Inc. is an American technology company focused on pioneering the transition to zero-emission commercial vehicles. It is involved in the manufacturing of electric vehicles, particularly medium-duty electric trucks and buses, and operates a national dealer network.
Average Trading Volume: 3,378,643
Technical Sentiment Signal: Sell
Current Market Cap: $16.77M
See more insights into WKHS stock on TipRanks’ Stock Analysis page.