Nikola (NASDAQ:NKLA) stock rose more than 25% today on reports that the electric vehicle (EV) maker had wholesaled 72 Class 8 Nikola hydrogen fuel cell trucks in its fiscal second quarter. This is above even the high end of previous guidance to wholesale 60 units. Shares of NKLA stock ended today up by 17%. Interestingly, Nikola also recently posted an encouraging job listing on its website. The company faced tremendous backlash for the disingenuous advertisement ending with Milton's firing. In fact, in Dec ...

Additionally, NKLA stock — along with other players in the electric vehicle (EV) ecosystem — suffered from high interest rates. The rise in borrowing costs strained consumer budgets, leading to reduced sector demand. Even with today's pop, NKLA lost about 66% of its market value since the start of this year. Interestingly, though, NKLA stock carries a consensus moderate buy rating among Wall Street analysts. Last month, Nikola announced a 1-for-30 reverse stock split to regain listing rule compliance. Embat ...

The beaten-down electric and hydrogen truck maker exceeded second-quarter delivery targets. The rally was fueled by the company's disclosure of hydrogen truck deliveries for the second quarter, which greatly exceeded expectations. With Nikola's past problems and loss-making financials having beaten the stock down to very low levels, it's no wonder the good news sparked a reversal. In the second quarter, Nikola reported 72 HYLA Class 8 hydrogen-powered truck deliveries to wholesalers. That was well above the ...

PHOENIX, July 2, 2024 /PRNewswire/ -- For Q2 2024, Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, wholesaled 72 Class 8 Nikola hydrogen fuel cell trucks, above the high end of truck sales guidance of 60 units. For the first half of 2024, Nikola wholesaled 112 hydrogen fuel cell trucks. "We have maintained our 2024 momentum with solid wholesale numbers, new customers such as Walmart Canada, and repeat cus ...

Plug Power (PLUG -5.29%) and Nikola (NKLA -4.21%) represent two different ways to invest in the nascent hydrogen power market. Plug Power sells hydrogen fuel systems for electric forklifts and other warehouse equipment, while Nikola develops semitrailer trucks that run on electric batteries and hydrogen fuel cells. But today, Plug Power and Nikola only trade at about $2 and $10, respectively. Let's see why these hydrogen stocks ran out of fuel -- and which one could be the better turnaround play. | --- | -- ...

A big EV investment and reverse stock split have investors interested in Nikola stock today. Big news in the electric vehicle (EV) sector led to gains in several names today. Electric heavy truck maker Nikola (NKLA 3.58%) was one of them. Shares jumped as much as 16% in early Wednesday trading. The stock lost most of those gains, but still traded higher by 3.4% on the day as of 3:30 p.m. ET. There were two news items that investors were likely balancing as they traded shares in the struggling EV stock today ...

Beleaguered electric vehicle (EV) manufacturer Nikola (NASDAQ:NKLA) found itself in the news for the wrong reasons. On June 20, the company announced that its board of directors unanimously approved a reverse split of NKLA stock at a 1-for-30 ratio. It was supposed to take effect following the close of business Monday, with shares trading on a post-reverse-split basis today. Unfortunately for NKLA stock stakeholders, industry publication EV reported that Nasdaq exchange operators halted trading of the equit ...

Shares of the pioneer in zero-emission trucks have depreciated by 32.19% over the course of the past month, underperforming the Auto-Tires-Trucks sector's loss of 4.91% and the S&P 500's gain of 2.73%. For the full year, the Zacks Consensus Estimates project earnings of -$0.37 per share and a revenue of $117.75 million, demonstrating changes of +53.16% and +224.57%, respectively, from the preceding year. Based on our research, we believe these estimate revisions are directly related to near-team stock moves ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Nikola's going with the maximum reverse stock split it can perform. That's because one detail from the announcement didn't provide any new confidence among investors. Investors reacted negatively because it signals that Nikola's board doesn't have a large amount of confidence that the underlying business can help raise the stock price. The ultimate reason for the split was to get in compliance to remain listed on the Nasdaq Stock Market. Stocks can't trade below the $1 per share level for an extended period ...