NKLA - Why Nikola Shares Are Falling Today | Benzinga
Nikola Corporation (NASDAQ:NKLA) shares are trading lower in the premarket session on Thursday.
On April 9, Wolfe Research analyst Scott Group initiated coverage on Nikola with a Peer Perform rating.
The analyst highlighted substantial hurdles Nikola might encounter, especially in the medium run. They cited sparse charging infrastructure and steep hydrogen expenses as potential barriers to broad FCEV (fuel cell electric vehicles ) uptake.
While Nikola’s innovative strategies are acknowledged, Wolfe Research foresees ongoing financial challenges for the company.
In an exchange filing dated April 10, the company’s Chairman, Steven M. Shindler, wrote a note highlighting the contentious battle for board seats to stockholders.
“As you ...