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Tag: Nikola

  • Nikola (NKLA) Stock Climbs With Record Truck Sales

    Nikola (NKLA) Stock Climbs With Record Truck Sales

    Nikola Corporation (NASDAQ: NKLA) stock is rising significantly this morning, indicating the excitement of investors after the firm revealed its hydrogen fuel cell truck sales.

    As of the last check, the price of NKLA stock has surged 9.46% to $5.09 on the US stock charts. The company’s great performance in the hydrogen fuel cell EV truck sector and its dedication to zero-emission technologies are credited with this growth.

    Record Sales Achievements

    Through its HYLA brand, Nikola (NKLA) successfully distributed 88 Class 8 hydrogen fuel cell electric trucks into wholesale markets in the third quarter of 2024. This figure is consistent with the company’s quarterly sales projection of 80–100 fuel cell units. After launching the vehicle in the fourth quarter of the previous year, Nikola has already sold 200 hydrogen fuel cell trucks wholesale in the first three quarters of 2024, bringing the total to 235.

    Infrastructure Growth and Dedication

    Despite facing broader market challenges, Nikola remains steadfast in its mission to develop solutions for a zero-emission future, progressing incrementally through each truck sold. The company has also made strides in enhancing its refueling infrastructure, launching its first U.S. dealer-based HYLA modular refueling station at Tom’s Truck Center in Santa Fe Springs, California.

    The plant is well situated close to one of the busiest truck routes in the country and is built to meet the increasing demand for electric vehicles that run on hydrogen. By the end of the year, Nikola hopes to have 14 refueling options, further demonstrating its dedication to satisfying client demands.

    Driving the Hydrogen Revolution

    Nikola’s initiatives in launching refueling stations and deploying resources are primarily driven by anticipated market demand. The company is dedicated to leading the hydrogen revolution by collaborating with key industry partners to enhance and expand the hydrogen supply chain.

    Through its ongoing development of the HYLA refueling network, Nikola (NKLA) emphasizes its commitment to addressing the increasing demand for hydrogen fuel cell electric trucks and facilitating the transition to a zero-emission transportation landscape.

  • The Three Best Hydrogen Stocks to Watch For in 2021

    The Three Best Hydrogen Stocks to Watch For in 2021

    Hydrogen technology is the next big thing that is part of the Go Green movement.

    In the recent few months, the emphasis on the use of hydrogen has increased with the greater significance of the technology in producing clean energy. Investors and analysts have been keenly following hydrogen stocks as they hold massive potential in the long-term.

    The key aspect to mention is the new US administration looks very focused and keen to work on clean energy development. For that reason, hydrogen will in the top priority list to be among the future tech to be used in the production of green and clean energy. We have already seen various organizations expanding their hydrogen ecosystem.

    So, it’s not surprising that hydrogen stocks are catching the headlines. The future lies in this technology. Let’s see the three best hydrogen stocks that hold the most potential.

    Bloom Energy (BE)

    Bloom Energy (BE) is a leading manufacturer and marketer of solid oxide fuel cells and is one of the first to join the hydrogen energy race. The company sees a bright future ahead with US President’s initiative for clean energy.

    Considering the fundamentals, Bloom Energy looks solid with its cash position of $416.7 million, as of September 30, 2020. Whereas, the company ended last year with a debt reduction of $180.1 million, which now stands at $527.1 million of debt. The cash is still lower than the total debt, but the decrease in its debt shows that the company is moving in the right direction.

    By the end of the last quarter of 2020, the company reported a revenue of $249.4 million, an increase of 16.8% year-over-year. Four different investor events coming up in March 2021, so investors should keenly observe what Bloom Energy has to offer—heading forward.

    Ballard Power Systems (BLDP)

    Ballard Power Systems (BLDP) is a developer and manufacturer of proton exchange membrane fuel cell products for markets and uses hydrogen as a fuel. Ballard shares have over 217% during the last year. The company has still much in power and has upside that can push the stock further this year.

    Ballard Power has some big plans for the long-term. The company anticipates its annual revenue to be around $5.2 billion by 2030. This reflects a CAGR of 46% from its 2020 expected revenue of $115 million. In the past five years, the company’s revenue has grown at an average rate of 21%.

    With the hydrogen market evolving, Ballard may have to increase its future outlook—if the market grows faster than expected. In that premise, the company has expected a 20% margin for its earnings before interest and taxes aren’t supported by a concrete plan. So, Ballard Power System (BLDP) is another key hydrogen stock to watch for in 2021.

    Nikola Corp. (NKLA)

    Nikola Corp. (NKLA) is a leading EV maker and a pioneer in the zero-emission concept. The company has jumped into the hydrogen fuel cell market. The company is popular for its hydrogen-powered truck, Nikola One, and has been part of several other hydrogen projects.

    At the beginning of 2021, the company obtained an innovative electric rate schedule with Arizona Public Service Company. Based on the following deal, Nikola will work on the development of hydrogen-based fueling solutions for the transportation industry.

    Analysts are mostly bullish on Nikola and if it continues to be successful with its hydrogen projects, it could become a potential investment option for hydrogen stock investors.

  • Auto Stocks to watch on Tuesday: Baidu is All Set to Jump in EV

    Auto Stocks to watch on Tuesday: Baidu is All Set to Jump in EV

    China’s BaiduInc is exploring producing its own electric vehicles and has held talks with automakers about the prospect, said 3 persons with knowledge of the case, the latest step in a battle between tech firms to build smart cars.

    China’s leading search engine, which also advances automated driving technologies and internet communication networks, explores contract production, one of the people said or creating a majority-owned venture with automakers.

    The project will move up from internet peers such as Tencent Holdings Ltd, Amazon.com Inc and Alphabet Inc, which have either developed auto-related technologies or invested in smart-car start-ups.

    NIO Limited (NYSE:NIO) shares were trading down -2.38% at $40.98 at the time of writing on Monday after reporting the pricing of the offering of 68,000,000 American depositary shares, each representing one Class A ordinary share of the Company, at a price of US$39.00 per ADS.

    NIO Limited (NYSE:NIO) share price went from a low point around $2.11 to briefly over $57.20 in past 52 weeks, though shares have since pulled back to $40.98. NIO market cap has remained high, hitting $60.13B at the time of writing, giving it price-to-sales ratio of more than 30.

    If we look at the recent analyst rating NIO, Goldman upgraded coverage on NIO shares with a Neutral rating and a $37.72 price target, which implies room for -3.26% downside momentum this year.

    Ford Motor Company (F) last closed at $8.91, in a 52-week range of $3.96 to $9.57. Analysts have a consensus price target of $8.94.

    Tesla Inc. (TSLA) stock soar by 4.89% to $639.83. The most recent rating by Jefferies, on December 11, 2020, is at a Hold.

    XPeng Inc. (NYSE:XPEV) Shares headed rising, higher as much as 6.45% following the declaration from the firm that that its P7 super-long range sports sedan was named the Car of the Year 2021 by the Xuanyuan Awards, China’s most prestigious badge of auto quality and innovation. The most recent rating by Deutsche Bank, on December 14, 2020, is at a Buy.

    Nikola Corporation (NASDAQ:NKLA) fall -6.87% after losing more than -$1.21 on Monday. The company on November 30, 2020 reported the signing of a non-binding Memorandum of Understanding (“MOU”) with General Motors for a global supply agreement related to the integration of GM’s Hydrotec fuel-cell system into Nikola’s commercial semi-trucks.

    Fisker Inc. (FSR) last closed at $15.59, in a 52-week range of $8.70 to $23.63 after declaring that it has signed agreements with Cox Automotive U.K. and Rivus Fleet Solutions to provide a range of after-sales services for the U.K. market. Analysts have a consensus price target of $24.00.

    Li Auto Inc. (LI) stock drop by -0.10% to $31.33. The most recent rating by Citigroup, on November 16, 2020, is at a Buy. On December 4, 2020, the company announced the pricing of follow-on public offering of American Depositary Shares.

    Kandi Technologies Group Inc. (NASDAQ:KNDI) Shares headed falling, lower as much as -7.67%.

    General Motors Company (NYSE:GM) fall -0.72% after losing more than -$0.3 on Monday. On November 30, 2020, the firm revealed it has signed a non-binding memorandum of understanding with Nikola Corporation for a global supply agreement to provide its Hydrotec fuel cell system for Nikola’s Class 7/8 semi-trucks.

    Workhorse Group Inc. (WKHS) last closed at $21.39, in a 52-week range of $1.32 to $30.99. Analysts have a consensus price target of $26.80.

    Electrameccanica Vehicles Corp. (SOLO) stock drop by -2.02% to $6.31. The most recent rating by ROTH Capital, on July 09, 2019, is at a Buy.

    Lordstown Motors Corp. (NASDAQ:RIDE) Shares headed falling, lower as much as -2.96%. The company on December 5, 2020 reported that the United States Securities and Exchange Commission has declared Lordstown’s registration statement on Form S-1 (File No. 333-250045). The most recent rating by Goldman, on December 11, 2020, is at a Buy.

    Fiat Chrysler Automobiles N.V. (NYSE:FCAU) rose 0.84% after gaining more than $0.14 on Monday. Alfa Romeo Announces 4C Spider 33 Stradale Tributo.

    Ayro Inc. (AYRO) last closed at $5.52, in a 52-week range of $1.80 to $10.60. On November 24, 2020, the company reported the Closing of $10.0 million registered direct offering.

    Niu Technologies (NIU) stock drop by -2.50% to $28.43. The most recent rating by Citigroup, on November 06, 2020, is at a Buy.