Workhorse Group Shares Rise on IRS Credit Approval
Provided by
Dow Jones
By Dean Seal
Shares of Workhorse Group rose after the company said it has received approval from the Internal Revenue Service to be a qualified manufacturer for the Commercial Clean Vehicle Credit.
The stock was up 11% at 70 cents in early trading. Shares are still down by more than 50% so far this year.
The Cincinnati company said after the bell on Tuesday that the approval makes Workhorse customers eligible to receive up to a $40,000 credit for deliveries of Workhorse vehicles.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
September 13, 2023 10:55 ET (14:55 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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