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1 min read
Nikola's stock-price target cut in half at Wedbush as the firm questions the electric automaker's ability to hit its ambitious forecasts
Shares of Nikola slipped 6.1% Monday morning as Wedbush reiterated its "neutral" rating for the ele…
Emily Graffeo
2 mins read
Nikola maintained at 'sell' by CFRA amid supplier issues and potential 'legal risks'
CFRA senior equity analyst Garrett Nelson maintained Nikola at "sell" and placed a $12 price target…
Will Daniel
2 mins read
Nikola could fall 30% as 'ambitious' profit forecasts and Tesla's first-mover advantage weigh on valuation, CFRA analysts say
CFRA analyst Garret Nelson initiated coverage on Nikola with a "sell" rating and a $15 price target…
Will Daniel
2 mins read
Nikola dives 17% after CEO offers murky commentary on GM deal ahead of December 3 deadline
Russell also stopped short of reassuring that Nikola founder Trevor Milton won't dump shares once h…
Ben Winck
2 mins read
Nikola surges 29% as GM backs EV regulations and investors speculate a deal between the two companies is near
Electric vehicle companies will likely benefit from GM's plans to increase spending on EVs and work…
Emily Graffeo
2 mins read
Nikola surges 13% after GM president reiterates confidence in partnership plans
The two companies are still in talks, and GM president Mark Reuss said he sees "great efficiencies"…
Ben Winck
2 mins read
Nikola dives 30% after founder Trevor Milton steps down as executive chairman
Nikola has traded with massive volatility in recent weeks since Hindenburg Research accused the aut…
Ben Winck
2 mins read
Nikola sinks another 18% as Citron Research calls it a 'total fraud' and investors shun a rebuttal of the original short-seller report
Nikola fired back at Hindenburg Research in a Friday statement, deeming its report "a hit job for s…
Ben Winck
1 min read
Lordstown Motors falls 12% after EV company reveals SEC is reviewing accusations from short-seller
The EV start-up tumbled after revealing it received "requests for information" from the SEC regardi…
Emily Graffeo
2 mins read
Tesla competitor Nikola sinks 17% after debut earnings report misses forecasts and analyst call turns contentious
"Is this all we get?" Paul Coster of JPMorgan asked. Jeff Osborne, an analyst at Cowen, said Nikola…
Ben Winck
2 mins read
Nikola tumbles as first Wall Street 'sell' rating projects another 29% plunge over next 12 months
Wedbush said it sees risks skewing to the downside for Nikola after a "Twilight Zone-like few weeks…
Ben Winck
2 mins read
JPMorgan stands by Nikola 'buy' rating following chairman Trevor Milton's departure
JPMorgan is also cutting its 2021 year-end price target for the electric-truck company to $41 per s…
Emily Graffeo
4 mins read
US stocks close mixed as tech slump overshadows Fed's plans for long-term support
Central bank policymakers signaled on Wednesday near-zero interest rates would last through 2023 to…
Ben Winck
2 mins read
Nikola soars 22% after securing order for 2,500 electric garbage trucks
The deal completes Nikola's goal to secure a major order before the end of 2020. The firm's last la…
Ben Winck
2 mins read
Tesla competitor Nikola Corp sees market value soar past car giants Ford, Fiat Chrysler
Based on Nikola's 402.9 million shares outstanding, the EV manufacturer had a market valuation as h…
Matthew Fox
2 mins read
Nikola could sink 27% due to daunting operational headwinds and insider selling, CFRA says
CFRA analyst Garret Nelson reiterated his "sell" rating on shares of Nikola on Thursday and lowered…
Will Daniel
2 mins read
US stocks rise as record-setting stimulus rally continues
The US House of Representatives voted on Monday to increase the $600 direct payments to $2,000, sen…
Emily Graffeo
2 mins read
Nikola soars 16% after JPMorgan says it sees 'less drama-filled' year ahead for EV company
"We expect Nikola to post a video of a functioning Tre in January," JPMorgan said, adding that it s…
Matthew Fox
2 mins read
Nikola's 25% dive is a good buying opportunity because the company's decision to abandon the Badger pickup means it can focus more on semi trucks, JPMorgan says
General Motors' more modest commitment to Nikola will likely weigh on investor sentiment in the sho…
Matthew Fox
2 mins read
Tesla competitor Nikola is doomed to fall 40% in a month, a famed short-seller says
Andrew Left pointed to Nikola CEO Trevor Milton's sale of shares at $10, suggesting that Milton mig…