NKLA - Nikola To Gain From State Or Federal Incentive Programs In New Geographies Analyst Sees New CFO Under CEO Steve Girsky | Benzinga
Baird analyst initiated coverage on Nikola Corporation (NASDAQ:NKLA) with an Outperform rating and $2 price target.
According to the analyst, there is significant potential in the market for zero-emissions trucking, and Nikola has finally found the right management team to capitalize on the opportunity.
The company’s proprietary design and software are key differentiators vs traditional diesel trucks in the analyst’s view.
The analyst sees potential catalysts ahead for both the Truck and Energy businesses in the form of manufacturing improvements, customer and partnership announcements, and hydrogen infrastructure buildout for Nikola.
The analyst forecasts that the ...