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Can a New CFO Save Nikola (NKLA) Stock?
InvestorPlace· 2024-03-04 19:16
While many pockets of the market are starting to feel like 2021 again (just check out the crypto rally we’re seeing lately), certain previous high-flyers haven’t felt the love to the same degree. Nikola (NASDAQ:NKLA) is one such company struggling to regain optimism. Shares of NKLA stock are down another 6% today and trading firmly at penny-stock levels.Today’s move comes after the company announced its new Chief Financial Officer. Thomas Okray will be taking over the position, which has been managed by Ste ...
3 EV Stocks to Eject Before the Hype Deflates
InvestorPlace· 2024-03-04 17:13
Electric vehicles are one of the most exciting trends in the technology space. EVs hold the promise to deliver a great driving experience for consumers while helping the world hit key environmental goals.However, the growth of the EV market will not necessarily be a straight line upward. There are peaks and valleys along the way, and right now the industry is in a downtrend. Between high-interest rates, falling government subsidies in some markets, and rising competition, EV makers are facing price wars and ...
Nikola stock forecast: buying NKLA is risky, shorting is riskier
Invezz· 2024-03-04 14:01
Nikola (NASDAQ: NKLA) stock price has moved sideways in the past few weeks as investors reflected on last month’s results and the company’s outlook. It has constantly remained below $1 and has retreated by over 16% this year. As a result, it has severely underperformed the broader market as the S&P 500 and Nasdaq 100 indices have surged to record highs.Dilution is still possibleCopy link to sectionNikola Corp has been a troubled company for years. It’s founder is expected to report to prison soon while the ...
THOMAS B. OKRAY NAMED CHIEF FINANCIAL OFFICER OF NIKOLA CORPORATION
Prnewswire· 2024-03-04 13:05
Experienced CFO primed to take on new opportunities with zero-emissions trucking and hydrogen infrastructure solutions PHOENIX, March 4, 2024 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced the appointment of an accomplished and highly regarded financial executive, Thomas "Tom" B. Okray, who has joined the company's executive team as Chief Financial Officer (CFO). Nikola ...
All You Need to Know About Nikola (NKLA) Rating Upgrade to Buy
Zacks Investment Research· 2024-03-01 18:01
Nikola (NKLA) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors often find ...
Nikola(NKLA) - 2023 Q4 - Annual Report
2024-02-27 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38495 Nikola Corporation (Exact name of registrant as specified in its charter) | Delaware | 82-4151153 | | --- | - ...
Nikola Corporation (NKLA) is Attracting Investor Attention: Here is What You Should Know
Zacks Investment Research· 2024-02-27 15:06
Nikola (NKLA) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this pioneer in zero-emission trucks have returned -9.1%, compared to the Zacks S&P 500 composite's +3.8% change. During this period, the Zacks Automotive - Domestic industry, which Nikola falls in, has gained 8.1%. The key question now is: What could be the stock's future ...
Nikola(NKLA) - 2023 Q4 - Earnings Call Transcript
2024-02-22 18:51
Nikola Corporation (NASDAQ:NKLA) Q4 2023 Results Conference Call February 22, 2024 10:30 AM ET Company Participants Dhillon Sandhu - Investor Relations Lead Steve Girsky - President, CEO Brian De Hoog - Corporate Controller Britton Worthen - Chief Legal Officer Conference Call Participants Mike Shlisky - D. A. Davidson Ben Kallo - Baird Jeff Kauffman - Vertical Research Partners Greg Lewis - BTIG Winnie Dong - Deutsche Bank Operator Good morning, and welcome to the Nikola Corporation Fourth Quarter and Full ...
Nikola sells abandoned electric Badger pickup truck program to friend of disgraced founder Trevor Milton
TechCrunch· 2024-02-22 18:11
Beleaguered electric trucking company Nikola has sold the Badger electric pickup truck assets it was once supposed to build with General Motors. The buyer? A new company called Embr Motors created by vehicle builder and television personality Dave “Heavy D” Sparks, one half of the former TV duo the Diesel Brothers.Embr now owns the intellectual property associated with the Badger pickup truck, as well as the assets related to Nikola’s abandoned off-road and personal water craft vehicles. It also owns the on ...
Nikola says its revenue more than doubled in Q4
Invezz· 2024-02-22 14:19
Nikola Corp (NASDAQ: NKLA) is trading up in premarket on Thursday after reporting a narrower-than-expected loss for its fiscal fourth quarter.How many vehicles did Nikola deliver in Q4Copy link to sectionThe electric vehicles company delivered 35 of its hydrogen fuel cell electric trucks in the recently concluded quarter. Nikola Corp opened its first HYLA hydrogen refueling station in Ontario, California this month (find out more). Steve Girsky – its chief executive said in a press release today:There are m ...