Workhorse Lands Order For 100 EV Vans From Purolator

by | Mar 30, 2026 | General

Workhorse Group (NASDAQ:WKHS) shares are up on Monday after it disclosed a purchase order from Purolator.

The company is set to deliver 100 vehicles to the logistics provider, which reflects a growing demand for electric delivery solutions.

Details

Purolator’s latest order will double the number of Workhorse electric step vans in its fleet.

This marks an important milestone in their ongoing partnership. Workhorse plans to deliver the step vans throughout 2026.

This order builds on previous purchases and highlights Workhorse’s commitment to providing sustainable transportation solutions.

The company has already delivered over 1,100 vehicles that have collectively driven more than 20 million miles.

Unveils Budget-Friendly W56 Electric Van

Last week, Workhorse added a 140 kWh version of its W56 step van. The company positioned it as a lower-priced option with an estimated nominal range of 100 miles per charge at full payload. The price starts at $169,000 and includes a fully integrated composite body.

CEO Scott Griffith said the 140 kWh configuration came directly from customer feedback, better balancing range, durability, reliability, and performance while lowering the upfront cost for fleets.

Technical Analysis

The broader market is experiencing a positive trend, with the Consumer Discretionary sector gaining 1.20% today. This aligns with Workhorse’s performance, as the stock is moving higher while major indices like the S&P 500 are also up by 0.5%, indicating a favorable environment for the company.

Currently, Workhorse is trading 11.9% below its 20-day simple moving average (SMA) and 49.6% below its 100-day SMA, reflecting ongoing challenges in regaining upward momentum. Over the past 12 months, shares have decreased by 86.78%, and they are positioned closer to their 52-week low of $2.73 than their high of $67.32.

Earnings & Analyst Outlook

The countdown is on: Workhorse is set to report earnings on March 31, 2026 (confirmed).

  • EPS Estimate: -$8.88 (Down from 94 cents)
  • Revenue Estimate: $2.50 million (Up from $1.93 million)

WKHS Stock Price Activity: Workhorse shares were up 5.42% at $2.92 at the time of publication on Monday, according to Benzinga Pro data.

Photo via Shutterstock