Reported strongest topline in the history of the company, Q2 2024 revenue was $31.3M, up 318% from Q1 Wholesaled 72 hydrogen fuel cell electric vehicles in Q2, exceeding the high-end of guidance, up 80% from Q1 Created alternative revenue streams with our initial sale of regulatory credits BEV "2.0" recall program on track for completion by year-end 2024 PHOENIX, Aug. 9, 2024 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zeroemissions transportation and energy supply and infrastructu ...

New station marks major step towards decarbonizing Canada's busiest commercial transport sector Notable guests in attendance at a special launch event included Hon. Doug Ford, Premier of Ontario, Hon. Sam Oosterhoff, Associate Minister of Energy-Intensive Industries of Ontario and other provincial and federal dignitaries, as well as notable business leaders within the energy, retail and transportation industry such as Walmart Canada, Canadian Tire and Loblaws. Together with partners such as the Canadian Hyd ...

Fisker won't be the last EV maker that shutters its doors, but is Nikola lining up to be the next one? Being at the cutting edge of an industry revolution can come with massive rewards, and also massive risk. That's never been more clear than within the electric vehicle (EV) industry, as Tesla has proven a first-mover advantage can power a company's stock higher for years. At the other end of that spectrum is Fisker, which crumbled under the weight of massive cash burn and consistent production problems. Fi ...

Do you like roller-coaster rides? If not, then you probably shouldn't invest in electric vehicle (EV) manufacturer Nikola (NASDAQ:NKLA). There's actually some positive news to report about Nikola, but if you buy Nikola stock, be ready for a thrill ride that might not end well for you. Some Good News About Nikola Furthermore, Nikola "wholesaled 112 hydrogen fuel cell trucks" during 2024's first half. Therefore, Nikola CEO Steve Girsky feels that the company has maintained its "2024 momentum" so far. Maybe Wa ...

Some stocks on this list have high valuations that do not align well with their fundamental performance. For instance, companies with declining growth rates, increasing competition, or poor financial health can be risky bets that should be weighed on the chopping block as potential stocks to sell. Whatever one's bear thesis is, it's important to take action on these stocks to sell quickly. Periodic reviews of one's investments is crucial, and the three companies on this list may be valid candidates to drop ...

Meanwhile, in Australia, Climate Impact Corporation intends to develop a huge 20 gigawatts of green hydrogen initiatives. The firm plans to partner with GE Vernova (NYSE:GEV) for the projects. Here are three top hydrogen fuel stocks that can soar as the demand for green hydrogen surges. Similarly, deployments of the company's electrolyzers are rapidly ramping up. As a result, I believe that this business will generate huge profits over the long-term as its revenue surges and its costs drop. Electrolyzers ar ...

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Yet while this latest rally could carry on for several weeks, don't assume that shares will keep charging back up to past split-adjusted price levels. While the Nikola Q2 deliveries news came out last week, this news has made an even larger impact on NKLA's price performance this week. Shares surged just 8.65% on the date of the deliveries announcement, but on July 8, this same news was likely the main driver behind its nearly 17% rally that day. Second, NKLA is a heavily shorted stock, with around 21.52% o ...

This electric semi-truck maker faces a lot of near-term challenges. Why did Nikola's stock plummet more than 99%? Nikola went public by merging with a special purpose acquisition company (SPAC) on June 3, 2020. It attracted a lot of attention because it was carving out a niche in battery-powered (BEV) and hydrogen-powered (FCEV) electric semi-trucks. Nikola's founder and former CEO Trevor Milton, who handed the reins over to Mark Russell right before its public debut, was also convicted of securities and wi ...

Nikola Corporation's mission is clear: pioneering solutions for a zero-emissions world. As an integrated truck and energy company, Nikola is transforming commercial transportation, with our Class 8 vehicles, including battery-electric and hydrogen fuel cell electric trucks, and our energy brand, HYLA, driving the advancement of the complete hydrogen refueling ecosystem, covering supply, distribution and dispensing. Nikola headquarters is based in Phoenix, Arizona with a manufacturing facility in Coolidge, A ...