NKLA News and Press, Nikola Corporation From 01/04/23

Summary Global electric car sales Nov. 2022 were an estimated 1million+. China sales up 50% YoY to 35% share. Europe up 26% YoY to ~28% share. US ~6% share. EV market news - By 2029, electric vehicles could account for a third of the North American market and about 26% of vehicles produ...

Summary Nikola Corporation and Hyzon Motors Inc. kickstarted 2023 with uncertainty over their respective futures. Both FCEV truck companies have suffered huge drawdowns over the last 12 months and are trading closer to Nasdaq's $1 minimum listing requirement. Whilst they both stand ...

Nikola Stock ( NASDAQ:NKLA ) On Friday, Nikola Corporation ( NASDAQ:NKLA ) announced that it has entered into a Securities Purchase Agreement to issue senior convertible notes with an initial principal amount of up to $125 million via a registered direct offe...

Hydrogen fuel cell truck making start-up Nikola (NASDAQ: NKLA) announced plans this morning to raise cash by selling up to $125 million in senior convertible notes (i.e., debt that is convertible into common stock). Nikola stock tumbled 4.8% through 11 a.m. ET on the news. The c...

With Nikola (NASDAQ: NKLA) shares down more than 75% in 2022, investors in the company have gotten used to seeing weeks with double-digit percentage drops like this one. Since last Friday's close, Nikola shares are down by 12% early on the final trading day of the week, according to data ...

Nikola Corporation ( NASDAQ: NKLA ) disclosed its entry into a Securities Purchase Agreement for the sale of up to $125M in initial principal amount of senior convertible notes in a registered direct offering on Friday. According to an SEC filing released on Friday, the compan...

Summary Philippe Laffont’s 13F portfolio value increased from $8.26B to $8.61B this quarter. They increased Uber Technologies, Nvidia, and PayPal Holdings while decreasing Tesla, Meta Platforms, Microsoft, and Snowflake. They also dropped Alibaba Group Holding. Their top thre...

Summary The Plug Power and Nikola collaboration benefits Plug Power in the form of new hydrogen liquefaction and green hydrogen supply agreements. This collaboration highlights the strong competitive positioning of Plug Power due to its vertical integration strategy. In addition, it...

Unless you’ve been living under a rock, hydrogen stocks have been gaining attention in recent years. This is due to the increasing demand for alternative energy sources. As a result, investors are looking for ways to capitalize on the potential of hydrogen-based technologies and projec...

Summary Worthington Industries is a long-term value creator in a cyclical industry. The company is seeing some tougher times, but underlying performance remains solid. I like the Worthington Industries business and its potential, certainly in anticipation of a 2024 split-up, which s...