Nikola Stock Is Rising: What's Going On?
Portfolio Pulse from Vaishali Prayag
Nikola Corp. shares surged nearly 20% as the company prepares to report its third-quarter earnings. Analysts expect a loss of $2.35 per share and revenues of $37.23 million. Nikola recently reported selling 88 hydrogen fuel cell electric trucks in Q3, marking a record sales quarter.
October 28, 2024 | 6:54 pm
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Nikola's stock rose nearly 20% as it approaches its Q3 earnings report. The company reported record sales of 88 hydrogen trucks, aligning with its guidance. Analysts expect a loss of $2.35 per share and $37.23 million in revenue.
The significant rise in Nikola's stock price is driven by investor optimism ahead of its Q3 earnings report. The company has already reported record sales of hydrogen trucks, which is a positive indicator. The expected loss per share and revenue figures are crucial for investors, but the current stock surge suggests positive sentiment.
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