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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 ...

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 ...