WKHS stock draws traders as EV orders grow and AI pivot emerges. TIM BOHEN - UPDATED OCT. 30, 2026, 8:33 AM ET Summarize this article Workhorse Group Inc. stocks have been trading up by 18.38 percent amid strong investor optimism and positive industry sentiment Key takeaways. * Follow-on order landed for 200 W56 fully electric step vans to be leased to last-mile delivery providers through KTC. * New 200-unit Gateway Fleets deal builds on a prior 100-unit W56 order, with deployments running from 2H 2027 into 2028, expanding Workhorse's production backlog. * Partnership with UK-based RHAELM launches Workhorse into the modular AI data center market via its new TerraPod platform. * RHAELM will pay $10M for a full-scale TerraPod manufacturing unit and signed a non-binding LOI that includes a contingent 150-system order and a U.S. right of first refusal. Live Update At 08:32:43 EDT: On Friday, October 30, 2026 Workhorse Group Inc. stock [NASDAQ: WKHS] is trending up by 18.38%! Discover the key drivers behind this movement as well as its expert analysis in the detailed breakdown below. Quick financial overview. WKHS is still a turnaround story, and the numbers show why traders treat it as a speculative trading vehicle, not a steady compounder. Revenue over the last year sits around $21.2M, but margins are deeply negative, with profit margins worse than -1,000%. That means Workhorse Group Inc. is spending far more than it brings in, a classic early-stage, high-burn profile. On the balance sheet, WKHS carries about $110.1M in assets but only $7.2M in equity, with leverage ratios north of 15 and long-term debt near $35.9M. A current ratio of 1.3 suggests WKHS can cover near-term bills, but a quick ratio of 0.3 points to tight liquidity once inventory is stripped out. The company raised roughly $33.3M from financing in the latest quarter, which is plugging the cash burn rather than funding surplus growth. On the chart, WKHS has slipped from the low $3s to the mid-$2s in recent sessions. The daily candles show a slow grind lower from about $3.05 to roughly $2.55, with tight intraday ranges. That tells traders momentum has cooled, but the stock is still liquid enough for reactive day and swing trading when news hits. Why traders are watching WKHS right now. WKHS is back on radar because the story just got more complex - and more interesting. On one side, Workhorse Group Inc. is finally stacking real orders for its core W56 electric step van. On the other, WKHS is trying to tap the AI data center boom with its new TerraPod platform. The Gateway Fleets news matters for anyone trading WKHS. A follow-on order for 200 W56 vans, on top of a prior 100-unit deal, shows the customer liked what it saw and wants more. Those 300 total units will be leased to last-mile delivery providers through KTC, which turns the W56 from a concept into a working product tied to real-world delivery routes. Deployments stretched from the second half of 2027 into 2028 give Workhorse Group Inc. something most early EV names lack - a multi-year production backlog. That kind of backlog can help WKHS plan capacity, manage costs, and argue for better financing terms. Traders watching the tape know repeat customers are one of the strongest signals of product-market fit in commercial EVs. Then comes the twist: AI data centers. Workhorse Group Inc. is partnering with UK-based RHAELM on TerraPod, a modular platform targeting AI data center builds. RHAELM is putting $10M down for a full-scale manufacturing-spec TerraPod and has signed a non-binding letter of intent outlining a contingent 150-system supply path plus a U.S. right of first refusal. For WKHS, that's potential entry into an entirely new, higher-margin infrastructure market tied to AI demand, even if the LOI still needs to convert into firm, scheduled orders. For active traders, the blend of EV fleet orders and AI infrastructure optionality gives WKHS multiple headline drivers - exactly the kind of setup that can spark volume when the next press release drops. Conclusion. WKHS remains a high-risk, high-volatility name, but the narrative is not just "struggling EV maker" anymore. Workhorse Group Inc. now has two pillars that traders can track: the W56 delivery van ramp and the TerraPod AI data center bet. The 300-unit combined W56 commitment from Gateway Fleets, spread across 2027 and 2028, gives WKHS some revenue visibility in its core electric truck niche. It also serves as validation that fleet customers are willing to double down, not walk away. At the same time, the RHAELM TerraPod deal shows Workhorse Group Inc. is thinking beyond delivery vans. A $10M manufacturing unit payment plus a contingent 150-unit LOI - and a U.S. right of first refusal - put WKHS next to one of the strongest megatrends in the market: AI infrastructure build-out. The LOI is non-binding, so disciplined traders will treat it as upside optionality, not guaranteed cash flow. Financially, WKHS is still burning cash, highly leveraged, and posting heavy losses. That combination makes risk management non-negotiable. As Tim Sykes often says, "Trade like a sniper, not a machine gun - wait for your best setups and cut losses quickly." As Tim Bohen, lead trainer with StocksToTrade says, "A good trade setup checks all the boxes - volume, trend, catalyst. Don't trade if you're missing pieces of the puzzle.". For WKHS, that means respecting both the bullish catalysts and the balance-sheet stress, using the volatility for education and research-driven trading - never blind hope. This is stock news, not investment advice. StocksToTrade News delivers real-time stock market updates tailored to highlight the key catalysts driving short-term price movements. Its coverage is designed for active traders and investors who thrive in fast-moving markets, with a focus on volatile sectors like penny stocks, AI stocks, Robinhood stocks and other momentum plays. From earnings reports and FDA approvals to mergers, new contracts, and unusual trading volume, StocksToTrade, Inc. break down the events that can spark significant price action. Looking to level up your trading game? Explore StocksToTrade, the ultimate platform for traders. With powerful tools designed for swing and day trading, integrated news scanning, and even social media monitoring, StocksToTrade keeps you one step ahead. Once your watchlist is set, take the next step and trade with confidence using StocksToTrade's robust platform. Don't miss out - grab your 14-day trial for just $7 and experience the edge you need to thrive in today's fast-paced markets. Why top traders call it "money Monday" If you hate Mondays... That's probably because you don't know about MONEY MONDAYS. Most traders don't know this but... There's a unique kind of trade you can make every Monday morning... That often delivers more gains in 1 day than most people see in a year. Like on one recent Monday... When you could have ridden MSS for a +149% in one day. Even with a small $1,000 starting stake... that's almost $1,500 profit potential! Of course, I can't promise you future returns or against losses... But it's almost that time again. Will you join StocksToTrade, Inc.?

Workhorse enters modular AI infrastructure market through foundational TerraPod(TM) partnership with uk-based RHAELM. Initial Agreement to develop a full-scale TerraPod manufacturing spec unit. Non-Binding LOI to further expand the partnership, including a Supply agreement and contemplated contingent initial order for 150 TerraPod systems WIXOM, Mich. and LONDON, Oct. 29, 2026 (GLOBE NEWSWIRE) - Workhorse Group, Inc. (Nasdaq: WKHS) ("Workhorse") and Rhaelm Holdings Limited ("RHAELM"), a UK-based developer of vertically integrated AI infrastructure, today announced a strategic partnership to jointly commercialize TerraPod(TM) Workhorse's new modular data center platform. The partnership pairs Workhorse's U.S. engineering and manufacturing capabilities with RHAELM's global energy partnerships and AI customer relationships. Workhorse and RHAELM have entered into a Manufacturing Spec Unit Purchase Agreement (the "Spec Unit Agreement"), under which RHAELM will pay Workhorse $10 million to build a full-scale TerraPod manufacturing spec unit at Workhorse's Union City, Indiana facility. The companies also signed a non-binding Letter of Intent that sets a path to sign a definitive Supply Agreement, which is framed to include a first order provision for 150 TerraPod systems. The companies are targeting execution of the Supply Agreement by December 31, 2026. Demand for AI compute is growing faster than traditional data centers can be built. TerraPod is being designed to help speed time-to-market for new data centers with factory-built, modular units that will bring compute, power distribution, cooling, communications, systems control and fire suppression together into rapidly deployable integrated systems. TerraPod systems will be built on a production line rather than a construction site and designed to be sited on deployment-ready foundations, produced at scale and put into commercial use far faster than conventional facilities. RHAELM is working with partners in a blueprint collaboration to set reference design requirements for its modular compute offering and related standards, and through this relationship, the companies intend for TerraPod to be developed as a modular physical platform designed to meet those standards. "As industry leaders in AI compute and infrastructure continue to develop standardized requirements, we believe the modular data center industry is approaching its 'Model-T' moment," said Scott Griffith, Chief Executive Officer of Workhorse. "Our partnership announcement with RHAELM goes beyond acting as a launchpad for our TerraPod product; we believe it's the beginning of an era of mass production of the systems that will enable rapid deployment of cost-effective, secure and highly distributed AI compute capabilities." Three Phase Partnership The companies have deliberately structured the partnership in stages, with an initial commitment starting immediately and a non-binding framework laying the groundwork for further planned expansion. Phase 1: Build the reference unit. Under the Spec Unit Agreement, Workhorse will build a TerraPod manufacturing spec unit, consistent with the standard modular data center blueprint being developed by RHAELM and its partners. The unit will serve as a physical reference for equipment fitment, service access and assembly sequence. This approach enables RHAELM and its commercial partners, equipment suppliers and prospective customers to view, interact with and refine the design before committing the capital needed to deliver final prototypes and ultimately begin production. Phase 2: Sign the Supply Agreement. The companies also have created a framework for expansion of the relationship through a Supply Agreement that they are targeting for execution by year-end 2026. Under the contemplated framework, the Supply Agreement would allow for expanded joint engineering efforts, a structure for milestone-based prepayments toward a first order, and a U.S. right of first refusal giving Workhorse the opportunity to supply modular data center units for all future RHAELM projects in the United States. Phase 3: Scale to production. The Letter of Intent also expresses the companies' intention that once the Supply Agreement is signed and RHAELM accepts the co-developed platform, RHAELM would place an initial order for production of 150 TerraPod systems, subject to definitive documentation and required internal approvals. The companies also intend to have Workhorse become an official modular data center supply-chain provider to the RHAELM blueprint collaboration, subject to the consents of its consortium partners. This could give TerraPod access to RHAELM's prospective global project pipeline, serving the world's AI builders. Workhorse believes TerraPod production can begin in late 2027 or early 2028. "This 'walk-before-you-run approach' is designed to streamline and accelerate time to full production, while also providing a structure that puts our teams together on initial work right now," said Griffith. "Just as important, this structure gives us a seat at the table with RHAELM and a highly complementary set of partners as the industry standardizes modular designs. We believe the Supply Agreement we are targeting by year-end will chart the course to full scale production and give us a clear pathway to significant future commercial volume for TerraPod." "AI's limiting factor today isn't ambition, it's power and compute," said Bradd Lewis, CEO, RHAELM. "We partner with generators that already hold committed capacity, and as standardization continues, turning that power into compute moves from the field to the factory. In Workhorse, we have the manufacturing partner to make that happen. Together, we believe we can deliver AI compute at scale, years ahead of the conventional timeline." ABOUT RHAELM RHAELM converts power into compute at speed and scale, powering the potential of AI. The company partners with power generators that hold committed capacity and builds AI infrastructure behind the meter, bringing power, compute and capital together in one integrated project. The result is AI compute at scale, years ahead of the conventional timeline. Headquartered in London, RHAELM is developing projects globally. ABOUT WORKHORSE GROUP Headquartered in the Detroit area, Workhorse Group Inc. (Nasdaq: WKHS) is an American industrial technology company that designs, engineers, and produces the intelligent industrial machines that are the lifeblood of modern economies. From its manufacturing facility in Union City, Indiana, Workhorse applies its electrification, high-voltage systems integration, ruggedized platform manufacturing and distributed energy capabilities to its electric commercial vehicles and modular AI infrastructure products. More information is available at www.workhorse.com. Media Relations Contacts: Workhorse John Williams, Chief Communications Officer +1-206-660-5503, [email protected] Ingrid Salte, Global Head of Communications [email protected] FORWARD-LOOKING STATEMENTS All statements other than statements of present or historical fact contained in this press release are "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, including Workhorse's or its management team's current expectations, objectives, beliefs, intentions or strategies regarding the future. These statements may include, but are not limited to, statements concerning the development, production readiness and potential commercialization of the TerraPod modular data center platform; the development, completion and acceptance of the manufacturing spec unit and the payment of consideration by RHAELM under the Spec Unit Agreement; the negotiation, execution and timing of a definitive Supply Agreement; the contemplated contingent initial order for 150 TerraPod systems, any first-order prepayment and the U.S. right of first refusal; Workhorse's potential admission to the blueprint collaboration as a supply-chain provider; anticipated production timing and volumes; and potential future commercial production and deployment of modular data center systems. Readers are cautioned not to put undue reliance on forward-looking statements and Workhorse cautions you that these forward-looking statements are subject to numerous risks and uncertainties, many of which are difficult to predict and many of which are beyond the control of Workhorse, including the following factors: the Letter of Intent described in this press release is non-binding, and there can be no assurance that a definitive Supply Agreement will be entered into; the contemplated 150-unit contingent initial order is conditioned on RHAELM's acceptance of the platform, definitive documentation and required internal approvals by RHAELM and there is no guarantee that such conditions will be met, that the order will be placed or that it will be placed on terms consistent with Workhorse's expectations; Workhorse may not be able to successfully complete the manufacturing spec unit and/or the TerraPod systems, secure reliable sources of critical components, or retain or hire personnel necessary to support production of modular AI infrastructure products; changing technologies, regulatory requirements and competitive pressures may negatively affect the anticipated production or deployment of the systems; market adoption and customer demand for the TerraPod systems may not materialize as expected; the costs involved in developing and manufacturing the manufacturing spec unit and/or the TerraPod systems may exceed Workhorse's expectations and Workhorse may be unable to obtain sufficient funds from commercial partners or investors to offset such costs; and risks relating to macroeconomic conditions, global events, and geopolitical events, including but not limited to inflationary pressures, supply chain interruptions and changes in market conditions, and Workhorse's ability to manage these risks and uncertainties. Additional information concerning these and other factors that may impact the statements discussed in this press release and other factors related more broadly related to Workhorse's business, can be found in Workhorse's filings with the U.S. Securities and Exchange Commission, including its most recent reports on Form 10-K and Form 10-Q, all of which are available on the SEC's website at www.sec.gov. Forward-looking statements are not guarantees of future performance, speak only as of the date they are made, and Workhorse undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, the occurrence of future events, or otherwise, except as required by law.

Workhorse partners with Tristan Fleet Management to sell and service all-electric W56 step vans in Canada. GlobeNewswire Published Oct 22, 2026 Workhorse's First Canadian dealer partnership builds on 5 years of selling electric step vans in Canada DETROIT, Oct. 22, 2026 (GLOBE NEWSWIRE) - Workhorse Group, Inc. (NASDAQ: WKHS) ("Workhorse"), an American Industrial Technology company, today announced it has signed a dealer agreement with Tristan Fleet Management inc. ("Tristan"), to sell and service Workhorse vehicles in Canada. Tristan is a leading Canadian fleet management provider offering truck and trailer sales, parts, repair and maintenance, and 24/7 roadside and towing services. This agreement marks the first Canadian dealer partnership for Workhorse, building on years of electric step van deployments in Canada and underscoring the company's commitment to Canada as a growth region. Story continues below This advertisement has not loaded yet, but your article continues below. Tristan will offer the full line of Workhorse W56 electric step vans, including Standard Wheelbase (178") and Extended Wheelbase (208") models with two battery configurations. With cargo capacity up to 34 cubic meters (1,200 cubic feet), payload capacity up to 4,535 kg (10,000 lbs.), and a nominal range of 240 km (150 miles) per charge with the 210 kWh battery, the W56 lineup gives customers flexibility to choose the configuration that best meets their fleet's operational needs. Top Stories Interested in more newsletters? Browse here. "Canadian fleets need proven electric trucks that deliver on quality and performance in any condition," said James Griffin, Chief Revenue Officer at Workhorse. "The W56 has already proven itself on this front in real-world fleet service across Canada. Tristan's strong reputation, its extensive network, and ability to provide around-the-clock roadside support will be extremely valuable as Workhorse continues to grow our presence in the country." Workhorse has been selling and supporting electric trucks in Canada since 2021 through its partnership with Purolator, a Canadian-owned leading integrated freight, package and logistics solutions provider. Through this experience, Workhorse has deepened critical insights into how to design, engineer, and support electric trucks in some of the harshest operating environments. Workhorse is an approved supplier within the Canoe cooperative purchasing program, which delivers efficient procurement solutions to municipalities, public sector entities, and registered not-for-profit organizations. Story continues below This advertisement has not loaded yet, but your article continues below. "Our customers have been exploring electrification for some time now. With generous incentives from Écocamionnage, as well as the current extremely high cost of fuel, the business case for going electric has never been stronger," said Daniel Barbu, Tristan's Vice President and General Manager. "We're looking forward to helping Workhorse expand its customer base across Canada and supporting our customers meet their own goals for sustainability and vehicle performance." Tristan operates seven maintenance locations, five in Québec (Pierrefonds, Saint-Laurent, Saint-Zotique, Boucherville, and Valleyfield) and two in Ontario. In addition to its fleet services, Tristan is an authorized Vanguard trailer dealer and service center in Québec and a dealer for other major brands including Michelin, Cummins, WABCO and MAXON. Canadian fleet operators interested in the W56 should contact Tristan directly at 514-316-1112 ext. 112 or visit www.tristanfleet.com. About Workhorse Group Inc. Headquartered in the Detroit area with a commercial-scale manufacturing plant in Union City, Indiana, Workhorse (Nasdaq: WKHS) is an American Industrial Technology company specializing in electrification, high-voltage systems integration, mobility platforms, ruggedized mobile platform manufacturing, distributed energy systems, and deployable industrial infrastructure. We manufacture durable, reliable and high-performing vehicles and infrastructure for mission-critical applications deployed in the world's most demanding operating environments. More information is available at www.workhorse.com. This advertisement has not loaded yet. This advertisement has not loaded yet, but your article continues below. About Tristan Tristan is a fleet management partner and provider offering truck and trailer sales, parts, repair and maintenance, and 24/7 roadside and towing services. With seven maintenance locations in Québec and Ontario, Tristan is an authorized Vanguard trailer dealer and service center in Québec and a dealer for brands including Michelin, Cummins, WABCO and MAXON. Tristan is a woman-owned business. More information is available at www.tristanfleet.com. Media Relations Contacts: Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. These include statements regarding Workhorse's dealer relationship with Tristan Fleet Management Inc.; anticipated sales, service and support of Workhorse vehicles in Canada; the W56's expected qualification for, and the availability and amount of, incentives under Québec's Écocamionnage program; the expected total cost of ownership and operating savings of the W56 compared with gas-powered vehicles; anticipated fleet operator demand for electric vehicles; and Workhorse's plans to grow its presence in Canada. Some of these statements may be identified by the use of the words "plans", "expects" or "does not expect", "estimated", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", "targets", "projects", "contemplates", "predicts", "potential", "continue", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might", "will" or "will be taken", "occur" or "be achieved". Story continues below This advertisement has not loaded yet, but your article continues below. Forward-looking statements are based on the opinions and estimates of management of Workhorse as of the date such statements are made, and they are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Some factors that could cause actual results to differ include our ability to raise capital to fund our operations and to maintain access to our current debt facilities; our ability to achieve the expected synergies and/or efficiencies from our operations and as a result of the Motiv/Workhorse merger; our ability to reduce the cost to build our vehicles; our ability to hire and retain the workforce needed; the ability of Tristan Fleet Management Inc. to successfully market, sell and service our vehicles in Canada; our ability to obtain or maintain eligibility for government incentive programs, and the continued availability and terms of such programs; trade policies, tariffs and currency fluctuations affecting cross-border sales; changes in laws, regulations, technologies, the global supply chain, and macro-economic and social environments affecting our business, including demand for electric trucks, fuel prices and our cost of production; and our ability to maintain compliance with Nasdaq rules and otherwise maintain our listing of securities on Nasdaq. Story continues below This advertisement has not loaded yet, but your article continues below. Additional information on these and other factors that may cause actual results and Workhorse's performance to differ materially is included in Workhorse's periodic reports filed with the SEC, including Workhorse's Annual Report on Form 10-K for the year ended December 31, 2025 including those factors described under the heading "Risk Factors" therein, and Workhorse's subsequent Quarterly Reports on Form 10-Q. Copies of Workhorse's filings with the SEC are available publicly on the SEC's website at www.sec.gov or may be obtained by contacting Workhorse. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. These forward-looking statements are made only as of the date hereof, and Workhorse undertakes no obligation to update or revise the forward-looking statements except as required by law. This advertisement has not loaded yet. Quick Picks Gift yourself more peace of mind with ADT.Join the 15+ million people who trust ADT to protect the moments that matter this holiday season.ADT | Sponsored Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Conversation | All Comments Start the conversation Advertisement Powered by