Nikola Corp (NASDAQ: NKLA) is rallying on Wednesday after a Baird analyst issued a super bullish call in its favour.Nikola stock could hit $2.0 in 2024Copy link to sectionBen Kallo assumed coverage of the electric vehicles company this morning with an “outperform” rating. His $2.0 price target suggests a 200% upside on its previous close. The analyst is positive on Nikola stock primarily because he sees catalysts ahead not just for its trucks business but also for the energy segment.We see significant poten ...

Nikola Corp. drew fresh analyst coverage on Wednesday as Baird Equity Research initiated the electric-truck maker with an outperform rating, as the stock moved up. Nikola NKLA, +8.80% stock was gaining 9% after Baird analyst Ben Kallo set a price target of $2 a share for the company in a research note entitled, “When the going gets tough, the tough get going.”Nikola’s leadership, which took over in August when former General Motors Co. GM, -0.14% executive Steve Girsky became chief executive, marks a positi ...

Nikola (NKLA) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this pioneer in zero-emission trucks have returned -26.7% over the past month versus the Zacks S&P 500 composite's +2.4% change. The Zacks Automotive - Domestic industry, to which Nikola belongs, has lost 15.7% over this period. Now the key question is: Where could the stock be headed in the near term?While media r ...

Nikola's (NKLA -0.25%) stock has been nothing short of a catastrophe for its early investors -- with its share price down by a whopping 99.2% from its all-time high of around $80, reached in mid-2020. Over the last four years, this once-promising company has faced non-stop scandals and underperformance. But is Nikola doomed -- or can it turn its fortunes around in the next five years and beyond? Let's dig deeper. What went wrong for Nikola?Nikola was founded in 2014 and went public six years later. It aimed ...

PHOENIX, Jan. 23, 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 it will report is fourth quarter and full year ended December 31, 2023 financial results and business updates on Thursday, February 22, 2024. On that day, Nikola's management will hold a conference call and webcast at 10:30 a.m. ET (7:30 a.m. PT) to review and discuss the company's business and outlook.N ...

The latest trading session saw Nikola (NKLA) ending at $0.65, denoting a -0.06% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.22%. Meanwhile, the Dow experienced a rise of 0.36%, and the technology-dominated Nasdaq saw an increase of 0.32%.Heading into today, shares of the pioneer in zero-emission trucks had lost 26.38% over the past month, lagging the Auto-Tires-Trucks sector's loss of 7.68% and the S&P 500's gain of 1.61% in that time.The upcoming earnings release of ...

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One of last year’s most troubled companies isn’t showing signs of a turnaround. Electric truck maker Nikola (NASDAQ:NKLA) doesn’t have much further to fall after losing 72% of its value over the past six months. But this week, the company received a noncompliance notice from the Nasdaq for failing to trade above the required $1 per share threshold. This isn’t the first time the exchange has warned Nikola that it is in danger of being delisted. In late May 2023, the company received the same notice. It’s har ...

The countdown has officially started for Nikola (NASDAQ:NKLA), as Nasdaq provided the electric truck company with a non-compliance notice on Jan. 19 due to its shares closing below $1 for 30 consecutive trading days. Now, NKLA stock will have 180 calendar days, or until July 17, to close at or above $1 for at least 10 consecutive business days. NKLA has traded below $1 since Dec. 5.If Nikola is unable to achieve Nasdaq’s $1 requirement by July 17, it may be eligible for another 180-day calendar extension as ...

Shares of hydrogen and battery-electric truck maker Nikola (NKLA -6.57%) dropped 10% in December to end 2023 with a steep loss of 59.5%, according to data provided by S&P Global Market Intelligence.Nikola's order book for its Tre hydrogen fuel cell electric trucks is growing, but a recall of its battery-electric trucks is proving costly at a time when the company is already facing a cash crunch and raising money consistently.Nikola has plenty of problems at handNikola had previously estimated that it would ...