Nikola Corp
NKLA

$5.26

6.73%

Market Cap: $266M

About: Nikola Corp is a technology innovator and integrator, working to develop inventive energy and transportation solutions. It works on a business model that enables customers and fleets to integrate next-generation truck technology, hydrogen fueling and charging infrastructure, and related maintenance. It operates in two business units: Truck and Energy. The Truck business unit and Energy business unit. The Truck business unit is engaged manufacturing and selling FCEV and BEV trucks that provide, environmentally friendly, cost effective solutions to the trucking sector. The Energy business unit is engaged in developing and constructing a network of hydrogen fueling stations to meet hydrogen fuel demand for the Company's customers.

Employees: 870

Consumer Discretionary Motor Vehicles & Passenger Car Bodies

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

5.56% more ownership

Funds ownership: 24.83% [Q1] → 30.38% (+5.56%) [Q2]

5% more call options, than puts

Call options by funds: $65M | Put options by funds: $62.1M

48% less funds holding

Funds holding: 285 [Q1] → 149 (-136) [Q2]

67% less capital invested

Capital invested by funds: $346M [Q1] → $112M (-$233M) [Q2]

83% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 163

95% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 114

100% less funds holding in top 10

Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]

See Fund Rankings

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$10

90%

upside

Avg. target

$20

280%

upside

High target

$30

470%

upside

2 analyst ratings

0 positive

0%

2 neutral

100%

0 negative

0%

DA Davidson Michael Shlisky 23% 1-year accuracy 5 / 22 met price target	90%upside $10	Neutral Maintained	12 Aug 2024
DA Davidson Michael Shlisky 23% 1-year accuracy 5 / 22 met price target	470%upside $30	Neutral Maintained	12 Jun 2024

See Analyst Rankings

Financial journalist opinion

Based on 20 articles about NKLA published over the past 30 days

The Motley Fool

Shares of Nikola Plunged Again This Week. Here's Why.

Nikola insiders keep selling stock. The business is in a poor place.

Shares of Nikola Plunged Again This Week. Here's Why.

The Motley Fool

3 Electric Vehicle (EV) Stocks That Could Make You a Millionaire

You probably won't be buying a vehicle made by Nikola, but there's little doubt the market has a growing need for them. While Rivian Automotive may be unprofitable right now, there's a light at the end of the tunnel.

3 Electric Vehicle (EV) Stocks That Could Make You a Millionaire

The Motley Fool

Renewable Energy Stocks Plunge as Reality Bites the Industry

The failure of renewable energy companies like SunPower and Fisker has made investors question the viability of some of these companies. Falling stock prices make the financing problem worse, causing a downward spiral that's difficult to get out of.

Renewable Energy Stocks Plunge as Reality Bites the Industry

TOM SCHMITT NAMED CHIEF COMMERCIAL OFFICER OF NIKOLA CORPORATION

Skilled transportation executive positioned to further company focus on zero-emissions trucking and hydrogen infrastructure solutions PHOENIX , Aug. 27, 2024 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced the appointment of accomplished transportation executive Thomas "Tom" Schmitt as Chief Commercial Officer (CCO) of Nikola Corporation. As CCO, Schmitt will align Nikola's commercial efforts to scale the company's business.

TOM SCHMITT NAMED CHIEF COMMERCIAL OFFICER OF NIKOLA CORPORATION

Nikola stock: short interest, falling wedge, points to a short squeeze

Nikola (NKLA) stock price continued its sell-off even after the company published encouraging financial results and the Federal Reserve pointed to potential rate cuts in September. It has crashed by over 22% in the last 30 days, bringing the year-to-date losses to 71% and its market cap to $379 million.

Nikola stock: short interest, falling wedge, points to a short squeeze

The Motley Fool

Why Nikola Stock Crashed 10% This Morning

Nikola announced plans to sell at least $80 million in convertible debt this morning. Total sales of debt, convertible debt, and equity could reach $500 million.

Why Nikola Stock Crashed 10% This Morning

Nikola's stock falls as EV maker looks to raise money via convertible-debt deal

Nikola Corp. plans to raise money through a convertible-debt offering as it looks to scale its electric-vehicle business.

Nikola's stock falls as EV maker looks to raise money via convertible-debt deal

The Motley Fool

Nikola Stock: Buy, Sell, or Hold?

Nikola's Q2 earnings exceeded analysts' expectations. Its fuel-cell powered truck deliveries are increasing as it works through its recall of battery electric vehicles.

Nikola Stock: Buy, Sell, or Hold?

Nikola's Hydrogen-Powered Semis Are Turning Its Fortunes Around

Nikola has had a rocky few years. It's worked to survive the reputational harm and share price crash that resulted from the lies of its founder (that earned him a four-year prison sentence).

Nikola's Hydrogen-Powered Semis Are Turning Its Fortunes Around

Nikola Stock After Q2 Earnings: Finally Cheap Enough To Buy

Nikola stock has seen a sharp drop-off over the last 12 months due to persistent doubts about its long-term viability, but recent Q2 earnings show signs of a turnaround. The company's focus on hydrogen fuel-cell trucks in California presents a unique opportunity for growth in the zero-emissions trucking industry. Despite competition from Tesla and limited hydrogen infrastructure in the US, Nikola's strategic positioning in California and potential international expansion offer significant upside potential for investors.

Nikola Stock After Q2 Earnings: Finally Cheap Enough To Buy

See News Rankings