Workhorse Group Inc. (NASDAQ: WKHS) continued to lose investors Wednesday, a day after it was left out of a multibillion-dollar U.S. Postal Service contract to make next-generation mail delivery vehicles.
The Postal Service awarded a 10-year contract to defense contractor and off-highway equipment manufacturer OshKosh Truck Corp. (NYSE: OSK) on Tuesday. Day traders and several analysts felt the contract was Workhorse’s to lose.
Workhorse “intends to explore all avenues that are available to...
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