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A complete analysis of Workhorse Group (WKHS) and whether the astronomical price increase from $2 to $20 between April to July was justified! Should you buy this stock?

Workhorse Group is a relatively young company within the Electric Vehicle segment, looking to specialise as a manufacturer of light trucks and more specifically, the "last mile delivery" leg of transportation. It is actually very different to Nikola Motor (NKLA) & Hyliion (SHLL), who both aim to compete in the class 8 truck space, and even Tesla (TSLA) and NIO (NIO) are currently more geared towards the retail segment. Workhorse will likely only serve delivery companies such as FedEX, DHL and UPS and if it can win the current bidding war, USPS could become its PRIMARY customer base.

USPS currently operates an entire fleet of approximately 180,000 Grumman Long Life Vehicles, all commissioned between 1987 and 1994 and are thus extremely old at this point in time. Workhorse is looking to provide USPS with replacement vehicles and modernise its entire fleet with environmentally friendly EVs. Unfortunately it is currently engaged in an RFP process with three other companies - Mahindra, Karsan and another US company, Oshkosh. It remains to be seen who will emerge, but we may get a resolution in only a few short months!

Workhorse is also developing promising drone technology known as Horsefly, which can be used to supplement doorstep deliveries. The drones can be controlled remotely via a touch screen operated by drivers, and can even be tracked by customers using a phone app.

This video aims to provide greater detail surrounding the fundamentals of Workhorse and ultimately, whether or not the stock is worthy of a buy given it has already run up so much since April.

Timestamps
0:00 Intro
0:44 Tesla sets the stage for all EV companies
1:28 The automotive industry is BIG BUSINESS
2:44 A quick look at Nikola Motor (NKLA)
3:23 A quick look at Hyliion (SHLL)
3:50 A quick look at NIO (NIO)
4:25 Introduction to Workhorse (WKHS)
5:08 Workhorse price increased 1000% in 3 months
6:10 Workhorse secures $70 million funding
7:24 Workhorse joins the Russell 3000 Index
8:21 A look at Workhorse's Income Statement
8:42 Workhorse reports 1Q2020
9:05 A look at Workhorse's Balance Sheet
9:31 Insane PE and PS Ratios
10:08 The bid to replace USPS' mail delivery trucks
11:05 9 billion dollar revenue potential
11:48 Four companies in the bidding process
13:22 Workhorse partners up with UPS
13:47 The Horsefly drone in action
14:35 Summing up Workhorse
16:52 Outro

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