Maxim Group Initiates Coverage on Workhorse Group Inc to Neutral

Maxim Group Initiates Coverage on Workhorse Group Inc(NASDAQ:WKHS). The shares have been rated Neutral. The rating by Maxim Group was issued on Jun 7, 2016.

Several Insider Transactions has been reported to the SEC. On Feb 24, 2016, Stephen D Baksa (10% owner) purchased 235,462 shares at $273,563.59 per share price.Also, On Sep 30, 2015, Joseph Theodore Jr Lukens (10% owner) purchased 7,548,698 shares at $350,000.00 per share price.

Workhorse Group Inc. formerly AMP Holding Inc. is a development-stage company. The Company designs develops manufactures and sells medium-duty trucks with powertrain components under the Workhorse chassis brand. Its products include trucks comprising Powertrain and Chassis. Powertrain includes E-GEN and AMP E-100. E-GEN is an electric drive that has a gasoline/propane or Compressed Natural Gas (CNG) engine that functions as an auxiliary generator. AMP E-100 is the second generation full electric power-train. Chassis include W88 W22 W42 and W62.The W88 chassis is designed to meet the needs of a range of customers. The W22 chassis is designed to meet the needs of the recreational vehicle market for weight ratings up to 26000 Gross Vehicle Weight (GVW). The W42 chassis is designed for the 12000 to 14500 GVW vehicle market. The W62 chassis is designed for the 19500 to 23500 GVW vehicle market.

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