J.B. Hunt Buys 13 Zero-Emission Trucks From Nikola, Focuses On Greener Future
Portfolio Pulse from Lekha Gupta
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) plans to buy 13 zero-emission Class 8 trucks from Nikola Corp (NASDAQ:NKLA) as part of its goal to reduce carbon emission intensity by 32% by 2034. The order includes ten battery-electric and three hydrogen fuel-cell electric vehicles, expected to be delivered in August 2023. The trucks will be used in key routes in the Los Angeles and Phoenix areas. Nikola's hydrogen subsidiary will provide the hydrogen and fueling infrastructure.
July 31, 2023 | 1:42 pm
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POSITIVE IMPACT
Nikola's sale of 13 zero-emission trucks to J.B. Hunt could boost its revenues and reputation in the zero-emission vehicle market.
The sale of 13 trucks to J.B. Hunt could boost Nikola's revenues and reputation in the zero-emission vehicle market. This could positively impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75
NEUTRAL IMPACT
J.B. Hunt's acquisition of zero-emission trucks from Nikola aligns with its carbon reduction goals. However, recent earnings missed market expectations, which may impact investor sentiment.
The acquisition of zero-emission trucks is a positive step towards J.B. Hunt's sustainability goals. However, the recent earnings miss could negatively impact investor sentiment in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100