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

2.53

Mkt cap

142M

Volume

8.5M

High

2.57

P/E Ratio

-0.24

52-wk high

34.50

Low

2.32

Div yield

N/A

52-wk low

2.16

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 1:18 pm

U.S. stock futures were lower, with Nasdaq futures down 0.2%. Intel Corporation shares fell 4.8% in pre-market trading after announcing a new financial framework for its foundry business. Other stocks like Mesoblast Limited, Fractyl Health, Inc., Nikola Corporation, Nuvation Bio Inc., Shinhan Financial Group Co., Ltd., XPeng Inc., and Li Auto Inc. also recorded losses in pre-market trading.

Portfolio Pulse from Avi Kapoor

April 03, 2024 | 9:36 am

In Tuesday's after-market session, several industrials stocks saw movements. Pineapple Energy, Surf Air Mobility, and Microvast Holdings were among the gainers with their stocks increasing due to recent Q4 earnings reports. Conversely, Velo3D, Zoomcar Holdings, and Controladora Vuela were among the losers. The movements reflect the market's reaction to the latest earnings and company valuations.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 8:31 pm

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 2:58 pm

Nikola Corp (NASDAQ:NKLA) shares rose after announcing legal action against EMBR Motors and individuals involved in a takeover attempt following the sale of the Badger electric pickup truck assets. Nikola accuses EMBR and associates of violating an agreement by involving Nikola's disgraced founder, Trevor Milton. The company's FY23 revenue declined by 28.62%, influenced by various factors including the macroeconomic environment. Nikola's stock was up 5.77% at $1.10.

Portfolio Pulse from Adam Eckert

April 01, 2024 | 2:22 pm

Five industrials sector stocks are identified as overbought based on their RSI values, indicating potential short-term performance concerns. Nikola Corporation, Graham Corporation, BrightView Holdings, Thermon Group Holdings, and Air Lease Corporation have all seen significant price increases recently, pushing their RSI values above the typical overbought threshold of 70. This could signal a warning to momentum investors about the possibility of a downturn.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 12:10 pm

The electric vehicle (EV) sector experienced mixed sentiments despite the broader market's record high. Tesla faced reduced delivery targets and price target cuts due to demand issues, while promoting a free trial of its full-self driving software. Fisker announced significant price reductions for its EVs amid bankruptcy rumors. Nikola teased the return of its battery EV trucks and announced the opening of a hydrogen refueling station. Canoo acquired assets from bankrupt Arrival Automotive. BYD aims for a 20% sales growth in 2024. The KraneShares Electric Vehicles ETF saw a weekly decline.

Portfolio Pulse from Shanthi Rexaline

March 30, 2024 | 12:21 pm

In Friday's intraday session, several industrials stocks experienced significant movements. Vast Renewables, NeoVolta, SolarMax Technology, Nikola, Nuvve Holding, and Li-Cycle Holdings were among the gainers, with increases ranging from 13.35% to 33.1%. On the downside, Primech Holdings, Urban-gro, MillerKnoll, Ryde Group, Shimmick, and ShiftPixy saw declines between 9.28% and 67.3%. Notably, earnings reports influenced some of these movements.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 4:30 pm

Nikola Corp. (NASDAQ:NKLA) announced the return of its battery-electric trucks, dubbed BEV 2.0, after a recall due to fire incidents. The upgraded trucks feature improved battery packs and other enhancements. Deliveries are expected to restart in late Q3 or early Q4 2024, with at least 100 trucks planned for delivery this year. Nikola shares surged 14.4% following the announcement.

Portfolio Pulse from Anan Ashraf

March 29, 2024 | 9:01 am

Kodiak Sciences Inc. shares fell by around 20% after reporting a wider-than-expected Q4 loss. Other stocks showed significant movement, with Avalo Therapeutics leading gainers with a 430% jump after acquiring a Phase 2-ready anti-IL-1β mAb and announcing a private placement financing. Losers included Primech Holdings, falling 46.7% after issuing financial updates. The market saw a mix of positive and negative movements across various sectors.

Portfolio Pulse from Avi Kapoor

March 28, 2024 | 6:08 pm

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