Nikola

Nikola Corp. engages in the provision of zero-emissions transportation and infrastructure solutions. It designs and manufactures battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems and hydrogen fueling station infrastructure. The company was founded by Trevor Milton in 2015 and is headquartered in Phoenix, AZ.

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Nikola advances hydrogen supply and truck development, eyes profitability by 2024

Nikola's Q4 2022 earnings call highlighted progress in hydrogen supply, truck development, and financial outlook. The company aims for profitability in 2024, focusing on FCEV volume and energy business profitability.

Nikola shifts focus to hydrogen trucks, eyes positive EBITDA by 2025

Nikola's Q1 performance reflects a strategic shift towards hydrogen fuel cell trucks and positive momentum in retail sales.
The company faces challenges in margin improvement, transitioning production focus, and financial sustainability.
Opportunities lie in capital raising, market expansion through partnerships, and leveraging leasing trends for customer acquisition.
Overall, Nikola's focus on zero emissions trucks and energy solutions positions it well for future growth and market leadership.

Nikola reduces cash burn, aims for profitability by 2025

Nikola is making progress in reducing cash burn, increasing cash position, and improving financial performance.
Strategic partnerships, focus on zero-emission vehicles, and efficiency gains position the company for long-term sustainability.
Challenges include the need for additional capital, operational efficiency, and meeting financial targets for profitability.
Opportunities lie in the growing demand for zero-emission vehicles, government support, and cost optimization strategies.

Nikola reports strong Q3 performance, aims for profitability and growth

Nikola Corporation demonstrates strong market performance and operational progress in Q3 2023, with significant demand for zero-emission trucks and strategic hires to drive success.
While facing supply chain challenges and transparency concerns, Nikola's focus on operational optimization and market acceptance presents opportunities for growth and profitability.
Guidance for Q4 delivery targets and production capacity showcase Nikola's commitment to meeting market demand and achieving financial milestones.
Overall, Nikola's financial stability, market positioning, and focus on sustainability position the company for future success in the zero-emission trucking industry.

Nikola excels in Q4, targets growth with hydrogen trucks

Nikola's Q4 2023 earnings call highlighted strong performance, market leadership in hydrogen fuel cell trucks, and strategic guidance for 2024. The company addressed challenges such as supply chain issues and emphasized opportunities for growth through revenue optimization and market differentiation.

Nikola exceeds Q1 expectations, focuses on growth and profitability

Nikola Corporation's Q1 2024 earnings call highlighted progress in executing plans with real trucks on roads, exceeding expectations with 40 hydrogen fuel cell electric truck sales.
While facing challenges like supply constraints and financial losses, the company is strategically focusing on customer acquisition, profitability, and expanding its hydrogen ecosystem.
Opportunities lie in engaging national accounts, adjusting pricing strategies, and developing partnerships to drive sales and increase market relevance.
The management's commitment to zero emissions, emphasis on volume growth, and proactive stance towards operational challenges position Nikola for growth amidst a competitive market landscape.

Nikola surpasses Q2 targets, eyes growth through strategic partnerships

Nikola Corporation's Q2 performance exceeded expectations, driven by strong truck wholesaling and CARB credit monetization. While facing competition from EV trucks, the company's strategic focus on partnerships and cost optimization positions it for growth. Addressing challenges related to political risks and cash management is crucial for Nikola's future success.

Nikola dominates North American fuel cell truck market in Q3

Nikola Corporation demonstrated strong sales performance in Q3 2024, leading the market with record hydrogen fuel cell electric truck sales. Despite financial challenges, the company remains focused on expanding its dealer network and improving unit economics. Opportunities lie in strengthening customer relationships, seeking capital partners, and exploring profitability avenues.

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Republic Services

The undoing of Nikola continues. Today, the company announced the termination of its contract with Republic Services for 2,500 garbage trucks.

Nikola's stock crashes after announcing cancelation of contract with Republic Services for 2,500 garbage trucks

Nikola shares were down about 5% during pre-market trading after the company announced the partnership had been discontinued.

Nikola and Republic Services terminate partnership on garbage trucks

Shares of Nikola Corp slumped 3.2% in premarket trading Wednesday, after the electric vehicle maker said it has discontinued its collaboration with Republic Services Inc. on developing garbage trucks, leading to the cancellation of an order for 2,500 trucks. "After considerable collaboration and review, both companies determined that the combination of the various new technologies and design concepts would result in longer than expected development time, and unexpected costs," the companies said in a statement.

Nikola's stock drops after order for 2,500 electric garbage trucks has been cancelled

PHOENIX, Dec. 23, 2020 /PRNewswire/ -- Nikola Corporation (NASDAQ: NKLA) announced today that Nikola and Republic Services (NYSE: RSG) have discontinued their collaboration on refuse truck development. The goal of the collaboration was to design and build an industry-first fully...

Nikola and Republic Services End Collaboration on Refuse Truck

PHOENIX, Dec. 23, 2020 /PRNewswire/ -- Nikola Corporation (NASDAQ: NKLA) today announced that it has appointed Mary L. Petrovich as a new independent director and has expanded Pablo Koziner's role within the Nikola executive leadership team. Petrovich is an accomplished business leader...

Mary Petrovich Named To Nikola Board of Directors

Nikola (NKLA) closed at $17.22 in the latest trading session, marking a +1.29% move from the prior day.

Nikola (NKLA) Outpaces Stock Market Gains: What You Should Know

Electric vehicle maker Nikola Corporation (NASDAQ: NKLA) is exploring a cheaper source of power supply through an agreement with utility company Arizona Public Service Co, Bloomberg reports. What Happened: If the agreement falls in place, Nikola plans to produce cheap hydrogen for its refueling station.

Nikola Seeks Cheap Power For Hydrogen Fueling Facilities In Arizona: Bloomberg

Arizona's largest utility wants state permission to sell cheap electricity to Nikola Corp. (NASDAQ: NKLA) so the startup electric truck maker can build hydrogen fuel stations for its Class 8 fuel cell trucks. Massive amounts of electricity are required to make hydrogen through electrolysis.

Nikola wants cheap electricity for Arizona hydrogen stations

Analysts at Evercore ISI say they are "cautiously optimistic" Nikola Corp. offers investors a good entry into the hydrogen industry, and rate the stock the equivalent of hold.

Evercore ISI starts covering Nikola stock at hold, says next year will be ‘vital'

Campbell Soup

GameStop

Netflix

Shopify

Zoom Video

The end of the year is a great time to re-balance a portfolio. Investors should start with these stocks to sell.

7 Stocks to Sell By December 31

Yahoo Finance users voted Nikola Corp. (NASDAQ: NKLA) as the worst company of the year. And it wasn't close.

Yahoo Finance zings Nikola as worst company of the year

With Nicola's GM partnership vastly reduced and plans for its pickup truck on ice, does the company have a future?

Can Nikola Survive Without Making the Badger Pickup?

Bloom Energy

QuantumScape

Investors are excited about alternative energy stocks -- but also nervous.

Why Nikola, Bloom Energy, and QuantumScape Stocks All Plunged on Friday

There are haters and absolute worshipers of NKLA stocks. Hardly any in-between opinion.

Nikola Stock Remains a Speculative Bet

Nikola still has multiple, positive catalysts, making NKLA stock attractive for some investors at its current levels. The post Why Certain Investors Should Buy Nikola Stock Now appeared first on InvestorPlace.

Why Certain Investors Should Buy Nikola Stock Now

Ford Motor Company

General Motors

Li Auto Inc.

Tesla

Workhorse Group

XPeng

Short interest moves among automakers' stocks were evenly mixed during the two-week reporting period that ended on November 30.

Electric Vehicle Stocks See Mixed Short Seller Action

Hyliion

While NKLA & HYLN aim to become distinguished carbon-free transportation solution providers, it would be better if investors give them time to prove their mettle instead of buying into the EV hype.

NKLA & HYLN Under the Lens: Is it Worth Betting on the Stocks Now?

Enviva Partners

Hawaiian Electric Industries

Morgan Stanley

Strayer Education

ValueAct Holdings L.P., the fund founded by Jeff Ubben in 2000, revealed in November its third-quarter portfolio.

ValueAct's Top 5 Sells in the 3rd Quarter

Those familiar with Nikola know about the General Motors overhang. That's not the only challenge weighing on the NKLA stock outlook.

Nikola Hopes Dashed By GM Add to Other Overhangs Clouding Picture

Plug Power

A new announcement from Nikola has investors feeling optimistic -- but a new Wall Street Journal report is ominous for fuel cell stocks.

Why Plug Power, Bloom Energy, and Nikola Stocks Popped Today

Shares in electric truck maker Nikola Corp were up 1.6% on Tuesday a day after its founder disclosed that he had sold fewer shares in the company than investors had feared.

Nikola gains ground after founder discloses share sales

Fisker Inc

Lordstown Motors

Many EV firms like Nikola (NKLA) and Hyliion (HYLN), among others, have gone public this year via reverse mergers with SPACs, a faster, simpler and less demanding process than traditional IPOs.

SPAC Merger Becomes the Trendiest EV IPO Route of 2020

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today's edition, truckload carriers hauling produce are enjoying rates that are abnormally high for December.

The Daily Dash: Red-hot produce rates; Nikola assembly plant moves forward

Trevor Milton plans to remain Nikola's largest shareholder even though restrictions on insider stock sales expired last month, Bloomberg reported Monday. Milton resigned as chairman in September over allegations of fraud and deceptive statements related to the company's success. But the founder remains positive of Nikola's eventual success, Bloomberg said, citing an email from Milton's spokesperson.

Nikola founder Trevor Milton plans to remain the automaker's largest shareholder despite being free to sell stock, report says

The biggest question surrounding last week's expiration of a lockup on early buyers of Nikola Corp. (NASDAQ: NKLA) shares focused on what Trevor Milton would do with his 91.6 million shares. The answer: Not much.

News for Nikola Stock (NKLA)