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 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
3 analyst ratings
DA Davidson Michael Shlisky 44% 1-year accuracy 12 / 27 met price target | 199%upside $4 | Neutral Maintained | 11 Nov 2024 |
TD Cowen Jeffrey Osborne 33% 1-year accuracy 6 / 18 met price target | 199%upside $4 | Hold Maintained | 1 Nov 2024 |
Baird Ben Kallo 44% 1-year accuracy 17 / 39 met price target | 646%upside $10 | Outperform Maintained | 1 Nov 2024 |
Financial journalist opinion
