Nikola beat Wall Street expectations for second-quarter revenue and posted a smaller-than-expected adjusted loss on Friday, signaling an uptick in deliveries of its hydrogen big rigs as clients ramped up spending. Shares of the electric truck maker rose 17% in early trading.
Shares of Nikola Corp. extended their bounce on Friday after the maker of electric and hydrogen-fuel-cell trucks reported losses that narrowed sharply and revenue that more than doubled to beat expectations for the first time in nearly two years.
24/7 Wall St. Insights Electric vehicles (EVs) were supposed to be the next big thing.
Fisker had production issues and supply chain disruptions, and struggled to deliver vehicles. Nikola needed a recent reverse stock split to stay compliant on the Nasdaq Stock Market.
Nikola is nowhere close to breaking even on its electric semitrucks. The company is eating its metaphorical tail.
Do you like roller-coaster rides? If not, then you probably shouldn't invest in electric vehicle (EV) manufacturer Nikola (NASDAQ: NKLA ).
As the stock market navigates through 2024, certain stocks are showing signs that they might not be the best holdings for your portfolio. Here are three “ticking time bombs” that investors might consider as stocks to sell, to preserve capital and improve one's overall risk-adjusted returns.
Signs continue to mount that the demand for hydrogen fuel stocks will be quite strong in the coming years. One of the latest such developments was the strong Q2 delivery data provided by Hydrogen-powered truck maker Nikola (NASDAQ: NKLA ).
Nikola reported better-than-expected sales of its innovative trucks.
Last month, Nikola (NASDAQ: NKLA ) shares cratered in price, following the announcement and completion of a 1-for-30 reverse stock split. However, so far this month, Nikola stock has been bolting out of the stock market junkyard.
Nikola kept its stock from being delisted with a reverse stock split. Its business is gradually stabilizing after a tumultuous three years.
Nikola (NASDAQ: NKLA) stock price has rebounded sharply this month, making it one of the best-performing companies in Wall Street. It rose to a high of $11.80 on Monday, up by over 61% from its lowest point this year.