Wall Street is somewhat divided on WKHS shares, a circumstance reflected in the Moderate Buy analyst consensus rating. As the company hits the drawing board and comes out with a new game plan, investors can reconsider the stock likely at lower levels. The company still has other contracts and the lack of the USPS deal could open up other opportunities.įor now though, investors should just watch the stock from the sidelines as a listed market valuation of $2 billion is very rich for a company missing 2020 targets and losing out on a major contract.
The key investor takeaway is that Workhorse isn’t done as a growth story in the EV delivery van space. Analysts will have to cut estimates for Workhorse reaching annual revenues topping $1 billion. Most of those revenues should be solid considering these revenue targets were based on non-USPS orders, but the business upside into 2023 and beyond will be questioned here. Now the market will have to focus solely on the backlog of up to 8,000 EV orders currently on the books.Īnalysts have Workhorse producing 2021 revenues of $139 million and 2022 revenues of $311 million as the company grows from less than 300 vehicle deliveries in 2020. Investors had thought the USPS would split up the order to multiple manufacturers so losing the complete order was a shock. Novavax Stock 5 Year Forecast Novavax stock Forecast Stock Nikola 2021 The Massey Ferguson MF 5610 is a 4WD tractor with a maximum power of 129 kW It is expected to reach an all-time high of 0,000, to as much as 0,000 based on the predictions of experts 71 billion during 2022-2026, decelerating at a CAGR of 16 71 billion during 2022-2026, decelerating. The company would’ve needed to increase the manufacturing output nearly 10x to reach the original hope of a contract for 180,000 vehicles. Over a decade, Workhorse would only produce 18,000 vehicles at this rate. 19 by For Ford Motor Company stock forecast for 2030, 12 predictions are offered for each month of 2030 with average Ford Motor Company stock forecast of. For 2021, the company only set a production volume target of 1,800 vehicles after failing to even meet a target of 300 vehicles in 2020.
Workhorse stock forecast 2030 full#
Workhorse always faced an uphill road for the full USPS deal considering the company lacked the manufacturing capacity to produce thousands of EVs a year. Oddly, the USPS doesn’t plan to replace all of the mail delivery vehicles over the next decade and the press release leaves the option for fuel-efficient internal combustion engines as part of the fleet going forward. The USPS lists the full Postal Service fleet at 230,000 vehicles with 190,000 mail delivery vehicles. The company will invest $482 million to finalize a production design and manufacturing facility to eventually assemble from 50,000 to 165,000 EVs in the next 10 years. On February 23, the USPS announced a deal with Oshkosh to replace the existing delivery fleet over the next decade with a Next Generation Delivery Vehicle (NGDV).
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