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

Five US stocks that gained attention from retail traders and investors are Coinbase Global, Inc. (COIN), Intuitive Machines, Inc. (LUNR), Tesla Inc. (TSLA), JPMorgan Chase & Co. (JPM), and Nikola Corp. (NKLA). COIN shares rose after a US judge ruled that Ripple sales do not constitute an offer of investment contracts. LUNR shares fell despite a successful test run of its Nova-C lunar lander. TSLA shares rose amid reports of a new production plant in India. JPM shares rose ahead of its Q2 financial results. NKLA shares rose after announcing an agreement with BayoTech.

Portfolio Pulse from Benzinga Neuro

July 14, 2023 | 1:48 am

PepsiCo Inc reported better-than-expected Q2 results and raised FY23 outlook, leading to a positive impact on its stock. Energy shares fell by 0.9% while communication services shares climbed by 2.4%. Stocks of Jiuzi Holdings, Nikola Corporation, and Camtek Ltd rose significantly. However, Viasat, Cryoport, and First Wave BioPharma stocks fell due to various reasons.

Portfolio Pulse from Lisa Levin

July 13, 2023 | 6:39 pm

During Thursday's intraday session, several industrials stocks experienced significant movements. Gainers included Nikola (NKLA), Hyzon Motors (HYZN), Jayud Global Logistics (JYD), Pioneer Power Solutions (PPSI), Staffing 360 Solutions (STAF), and Rocket Lab USA (RKLB). Losers included iPower (IPW), Shengfeng Development (SFWL), Urban-gro (UGRO), Byrna Technologies (BYRN), SOS (SOS), and Nocera (NCRA).

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 5:37 pm

Nikola Corp (NASDAQ:NKLA) announced a strategic supply agreement with BayoTech for hydrogen supply for commercial fuel cell electric vehicle fleets. The agreement includes Nikola Class 8 hydrogen fuel cell electric trucks and BayoTech HyFill bulk hydrogen transport trailers. Nikola plans to acquire up to ten of BayoTech's transport trailers and BayoTech will purchase up to 50 Nikola Class 8 fuel cell EVs over the next five years. Nikola's stock price surged by 48.2% following the announcement.

Portfolio Pulse from Adam Eckert

July 13, 2023 | 5:35 pm

The article lists the stocks that gained and lost the most during Thursday's mid-day trading session. Progressive Corporation (NYSE:PGR) shares fell by 11.8% due to below-consensus Q2 results. Other notable losers include Viasat, Inc. (NASDAQ:VSAT) and Cryoport, Inc. (NASDAQ:CYRX). On the gainers' side, Synaptogenix, Inc. (NASDAQ:SNPX) and Jiuzi Holdings, Inc. (NASDAQ:JZXN) saw significant increases.

Portfolio Pulse from Lisa Levin

July 13, 2023 | 4:49 pm

Nikola Corporation and BayoTech have announced an agreement to advance reliable hydrogen supply for zero-emission commercial fuel cell electric vehicle fleets. This news has led to a surge in Nikola's shares on above-average volume.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 4:35 pm

The US producer price index (PPI) inflation dropped to 0.1% YoY in June, lower than expected. This has led to notable price shifts in various sectors. Investors are betting on the Fed raising rates once in July. Stocks that moved include Plug Power, which surged 8% after securing an order for a green hydrogen project; Progressive Corporation, which fell 10% due to lower-than-expected results; Nikola Corp., which rose 14% after a purchase plan by BayoTech; Cryoport, which plummeted 25% after lowering its revenue forecast; Carvana, which dropped 7% after a downgrade by JPMorgan; Viasat, which collapsed 30% due to a satellite deployment anomaly; and Palo Alto Networks, which rose 4% after a price target lift by JPMorgan.

Portfolio Pulse from Piero Cingari

July 13, 2023 | 3:47 pm

Several US stocks traded higher on Thursday, with notable gains for Nikola Corporation, Kingsoft Cloud Holdings, Sify Technologies, Camtek, HIVE Digital Technologies, Stratasys, TeraWulf, LanzaTech Global, Rocket Lab USA, MillerKnoll, Bicycle Therapeutics, SoundHound AI, ACM Research, Redfin Corporation, Agora, AVITA Medical, Affirm Holdings, Unity Software, Pilgrim's Pride Corporation, and Mesoblast Limited. Key drivers include partnerships, order momentum, merger offers, better-than-expected quarterly results, and analyst upgrades.

Portfolio Pulse from Lisa Levin

July 13, 2023 | 2:59 pm

Nikola Corporation (NKLA) and BayoTech, Inc. have announced a strategic supply agreement to advance reliable hydrogen supply for zero-emission commercial fuel cell electric vehicle fleets. The agreement includes Nikola Class 8 hydrogen fuel cell electric trucks, BayoTech HyFill™ bulk hydrogen transport trailers, and hydrogen produced at BayoTech's distributed network of hubs.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 11:56 am

The electric vehicle (EV) industry saw positive headlines last week, with most stocks rising. Tesla (TSLA) extended discounts for new inventory vehicles into Q3, raising concerns about weak demand and its impact on margins. However, Tesla's Cybertruck launch is creating buzz and is seen as a game-changer. Mercedes-Benz (MBGAF) will adopt Tesla's charging standard in 2025. Rivian (RIVN) reported better-than-expected Q2 deliveries and its stock soared over 48%. Fisker (FSR) produced only 1,022 Ocean SUVs, missing its target due to component shortages. Nikola (NKLA) adjourned its shareholder meeting again after failing to get approval to issue new stock. Audi, a subsidiary of Volkswagen (VWAGY), plans to open an EV production plant in Mexico.

Portfolio Pulse from Shanthi Rexaline

July 08, 2023 | 12:54 pm

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