Nikola CorpNKLA
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 Q2 SEC filings by fund managers ($100M+ AUM)
5.6% more ownership
Funds ownership: 24.83% [Q1] → 30.42% (+5.6%) [Q2]
5% more call options, than puts
Call options by funds: $65M | Put options by funds: $62.1M
46% less funds holding
Funds holding: 285 [Q1] → 153 (-132) [Q2]
67% less capital invested
Capital invested by funds: $346M [Q1] → $112M (-$233M) [Q2]
81% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 162
95% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 115
100% less funds holding in top 10
Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
DA Davidson Michael Shlisky 58% 1-year accuracy 11 / 19 met price target | 160%upside $10 | Neutral Maintained | 12 Aug 2024 |
Financial journalist opinion
Based on 11 articles about NKLA published over the past 30 days