Streetbeat News

NKLA

Nikola Corporation

https://www.nikolamotor.com

Industry

Agricultural - Machinery

Nikola Corporation operates as a technology innovator and integrator that works to develop energy and transportation solutions. It operates through two business units, Truck and Energy. The Truck business unit develops and commercializes battery hydrogen-electric and battery-electric semi-trucks to the trucking sector. The Energy business unit develops and constructs a network of hydrogen fueling stations; and offers BEV charging solutions for its FCEV and BEV customers, as well as other third-party customers. The company also assembles, integrates, and commissions its vehicles in collaboration with its business partners and suppliers. Nikola Corporation is headquartered in Phoenix, Arizona.

Open

3.10

Mkt cap

184M

Volume

2.9M

High

3.14

P/E Ratio

-0.24

52-wk high

34.80

Low

2.98

Div yield

N/A

52-wk low

2.91

TD Cowen analyst Jeffrey Osborne has maintained a Hold rating on Nikola (NASDAQ:NKLA) but has significantly lowered the price target from $10 to $4.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 6:32 pm

Baird analyst Ben Kallo maintains an Outperform rating on Nikola (NASDAQ:NKLA) but lowers the price target from $14 to $10.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 11:49 am

Nikola Corp. has yet to return 81 of the battery electric trucks it recalled last year due to fire incidents. The company has returned 78 trucks and aims to deliver at least 100 BEVs this year. Nikola reported Q3 revenue of $25.18 million, missing analyst estimates, and a larger-than-expected loss per share. The stock closed down 7% and is down 84.3% year-to-date.

Portfolio Pulse from Anan Ashraf

November 01, 2024 | 10:16 am

Nikola Corp reported Q3 earnings with a revenue miss at $25.18 million and an EPS miss with a loss of $2.75 per share. The company delivered 88 FCEVs, a 22% increase quarter-over-quarter, and saw a 78% increase in FCEV fleet adoption. Despite the misses, Nikola reiterated its guidance for FCEV volume and HYLA fueling solutions by year-end.

Portfolio Pulse from Adam Eckert

October 31, 2024 | 1:43 pm

Nikola Corporation reported 88 wholesale deliveries of hydrogen fuel cell electric trucks in Q3, marking a 22% increase quarter-over-quarter. The company reiterated its year-end volume guidance of 300-350 FCEVs.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 1:08 pm

Nikola reported a Q3 2024 adjusted EPS of $(2.75), missing the $(2.35) estimate, and sales of $25.181M, missing the $37.230M estimate. Despite the misses, sales increased by 1.55K% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 1:07 pm

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.

Portfolio Pulse from Vaishali Prayag

October 28, 2024 | 6:54 pm

DHL Supply Chain and Diageo are set to deploy two Nikola-manufactured Class 8 hydrogen fuel cell electric trucks at the Diageo campus in Illinois. These will be the first of their kind to operate daily in the state, supported by a HYLA modular refueler.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 1:30 pm

The EV sector faced a challenging week with most stocks declining. Tesla's 'We, Robot' event disappointed investors, leading to a 9% stock drop. Lucid exceeded Q3 delivery estimates, while GM revised its battery strategy. XPeng launched a new AI-defined sedan.

Portfolio Pulse from Shanthi Rexaline

October 12, 2024 | 7:45 pm

GTS Group, a Southern California-based dealership, has joined the Nikola dealership network. They will sell and service Nikola's Class 8 zero-emission trucks through their new 'NGT' division.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 12:49 pm

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