Nikola Corp (NKLA)

• Market cap: $71.4M
• 1 day: -27.78%
• 5 days: -31.85%
• 1 month: -27.16%
• 3 months: -78.72%
• 6 months: -91.46%
• Year to date: -34.50%
• 1 year: -95.67%
• 5 years: -99.92%
• 10 years: -99.92%
• Sector: Consumer Discretionary
• Industry: Motor Vehicles & Passenger Car Bodies

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

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

5% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 37

6% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 33

2% less funds holding

Funds holding: 156 [Q2] → 153 (-3) [Q3]

8.63% less ownership

Funds ownership: 30.77% [Q2] → 22.14% (-8.63%) [Q3]

21% less call options, than puts

Call options by funds: $68.8M | Put options by funds: $87.6M

55% less capital invested

Capital invested by funds: $114M [Q2] → $51M (-$62.7M) [Q3]

Research analyst outlook

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

• Low target: $4 373% upside
• Avg. target: $6 610% upside
• High target: $10 1,083% upside

3 analyst ratings

• positive: 1 33%
• neutral: 2 67%
• negative: 0 0%

DA Davidson Michael Shlisky 50% 1-year accuracy 13 / 26 met price target	373% upside $4	Neutral Maintained	11 Nov 2024
TD Cowen Jeffrey Osborne 28% 1-year accuracy 5 / 18 met price target	373% upside $4	Hold Maintained	1 Nov 2024
Baird Ben Kallo 45% 1-year accuracy 17 / 38 met price target	1,083% upside $10	Outperform Maintained	1 Nov 2024