Workhorse Group stock gains 1.02 percent as orders expand

Published on 10/04/2026 at 09:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Workhorse Group stock was last at USD 2.97 on October 2, 2026, as the company outlined a 200-truck expansion. Q2 revenue rose from USD 0.8 million to USD 3.6 million.

WKHS, US98138J5039, Illustration mit AI erstellt.

Workhorse Group (ISIN US98138J5039) stock was last at USD 2.97 on Nasdaq on October 2, 2026, up 1.02 percent from the prior session. The company outlined a 200-truck expansion with Gateway Fleets on September 30, giving the electric-truck maker a concrete growth milestone as investors weigh heavy losses against a larger vehicle pipeline.

Gateway expansion adds scale

According to Workhorse Group on September 30, 2026, the Gateway Fleets relationship is expanding by 200 trucks. The announcement strengthens the order narrative, but deliveries and production economics remain the key operational measures for the company.

The latest filing also set performance milestones tied to executive awards. StockTitan reported that the plan includes a USD 75.0 million annualized GAAP revenue threshold for two consecutive quarters and a USD 500.0 million average market capitalization threshold.

Revenue grows while losses deepen

Workhorse reported USD 3.6 million of revenue in Q2 2026, compared with USD 0.8 million a year earlier, while deliveries increased from 4 vehicles to 26. The same filing showed a USD 20.2 million net loss and diluted loss of USD 1.86 per share for the quarter ended June 30, 2026.

Cash generation remains a central constraint. Workhorse used USD 40.6 million in operating cash during the first half of 2026 and held USD 9.6 million in cash plus USD 0.7 million of restricted cash at June 30, 2026, according to StockTitan.

Analyst target stays near price

Financhill reported on October 1, 2026, that one Wall Street analyst had a Hold consensus and a USD 3.00 12-month price target. That target stood 1.0 percent above the USD 2.97 Nasdaq price, leaving the market's near-term assessment close to the latest quote.

Workhorse Group stock stays speculative

Workhorse Group stock last stood at USD 2.97 on Nasdaq on October 2, 2026, with a daily gain of 1.02 percent, market capitalization of USD 32.4 million and volume of 54,504 shares. The order expansion offers a measurable commercial milestone, while the Q2 loss and first-half cash use keep execution and financing central to the investment case.