Embattled commercial vehicle manufacturer Nikola (NASDAQ:NKLA) continues to march forward with its difficult recovery process. It provided stakeholders with a substantive piece of good news, delivering 72 hydrogen fuel cell trucks, beating its own high-end guidance of 60 units. While NKLA stock remains a speculative investment, the underlying company’s shift away from battery-powered vehicles appears to be paying off.According to the accompanying press release, Nikola wholesaled 112 of its hydrogen fuel cel ...

The beaten-down electric and hydrogen truck maker exceeded second-quarter delivery targets.Shares of electric and hydrogen-fueled truck maker Nikola (NKLA 13.52%) rallied over 26% at one point today, before settling into a 16% gain as of 1:13 p.m. ET.The rally was fueled by the company's disclosure of hydrogen truck deliveries for the second quarter, which greatly exceeded expectations. With Nikola's past problems and loss-making financials having beaten the stock down to very low levels, it's no wonder the ...

PHOENIX, July 2, 2024 /PRNewswire/ -- For Q2 2024,  Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, wholesaled 72 Class 8 Nikola hydrogen fuel cell trucks, above the high end of truck sales guidance of 60 units.  For the first half of 2024, Nikola wholesaled 112 hydrogen fuel cell trucks. Nikola hydrogen fuel cell Class 8 semi-truck "We have maintained our 2024 momentum with solid wholesale numbers, ...

Which of these struggling hydrogen-driven companies is a better buy right now?Plug Power (PLUG -5.29%) and Nikola (NKLA -4.21%) represent two different ways to invest in the nascent hydrogen power market. Plug Power sells hydrogen fuel systems for electric forklifts and other warehouse equipment, while Nikola develops semitrailer trucks that run on electric batteries and hydrogen fuel cells.Both stocks initially attracted a stampede of bulls. Plug Power went public at a reverse split-adjusted IPO price of $ ...

A big EV investment and reverse stock split have investors interested in Nikola stock today.Big news in the electric vehicle (EV) sector led to gains in several names today. Electric heavy truck maker Nikola (NKLA 3.58%) was one of them. Shares jumped as much as 16% in early Wednesday trading.The stock lost most of those gains, but still traded higher by 3.4% on the day as of 3:30 p.m. ET. There were two news items that investors were likely balancing as they traded shares in the struggling EV stock today.O ...

Beleaguered electric vehicle (EV) manufacturer Nikola (NASDAQ:NKLA) found itself in the news for the wrong reasons. On June 20, the company announced that its board of directors unanimously approved a reverse split of NKLA stock at a 1-for-30 ratio. It was supposed to take effect following the close of business Monday, with shares trading on a post-reverse-split basis today.Unfortunately for NKLA stock stakeholders, industry publication EV reported that Nasdaq exchange operators halted trading of the equity ...

Nikola (NKLA) ended the recent trading session at $0.35, demonstrating a -1.82% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.31%. Meanwhile, the Dow experienced a rise of 0.67%, and the technology-dominated Nasdaq saw a decrease of 1.09%.Shares of the pioneer in zero-emission trucks have depreciated by 32.19% over the course of the past month, underperforming the Auto-Tires-Trucks sector's loss of 4.91% and the S&P 500's gain of 2.73%.Investors ...

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Nikola's going with the maximum reverse stock split it can perform.Nikola (NKLA -29.30%) has been working to grow a customer base for its hydrogen-fueled electric trucks. The company, in fact, announced a large order for the electric vehicles (EVs) last month.But investors haven't been impressed and Nikola stock has struggled. That has led to a dwindling stock price and now a decision to perform a reverse stock split. The details for a reverse stock split were provided this week, but investors already knew ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...