Stockchase Research Editor: Michael O'Reilly With the Biden Administration already planning to make EV standard in the Federal auto fleet, this space will benefit. NKLA has a large short position against it, which could also put it into the GameStop short squeeze candidate category. They already have deals in place with GM to supply batteries and other components and NKLA plans to release a hydrogen fuel cell model in 2023. The company has increased its cash position to over $800 million over the past year. We would purchase this with a stop-loss at $13, looking to achieve $36 -- over 50% upside potential. Yield 0% (Analysts’ price target is $35.86)
Stockchase Research Editor: Michael O'Reilly With the Biden Administration already planning to make EV standard in the Federal auto fleet, this space will benefit. NKLA has a large short position against it, which could also put it into the GameStop short squeeze candidate category. They already have deals in place with GM to supply batteries and other components and NKLA plans to release a hydrogen fuel cell model in 2023. The company has increased its cash position to over $800 million over the past year. We would purchase this with a stop-loss at $13, looking to achieve $36 -- over 50% upside potential. Yield 0% (Analysts’ price target is $35.86)
Sell, because Nikola looks like a business plan, not a business. On Tuesday, it partnered with GM to place its fuel cells and offer battery technology into GM's trucks. The market loved the deal, though the stock has pulled back since, based on a scathing short-seller report that accuses fraud, that cars using these batteries doesn't work. Nikola denies all allegations and will sue the short-seller. Why not show a vehicle that is using Nikola technology to disprove allegations? Nikola is so early in its development, so you're betting on management.
Sell, because Nikola looks like a business plan, not a business. On Tuesday, it partnered with GM to place its fuel cells and offer battery technology into GM's trucks. The market loved the deal, though the stock has pulled back since, based on a scathing short-seller report that accuses fraud, that cars using these batteries doesn't work. Nikola denies all allegations and will sue the short-seller. Why not show a vehicle that is using Nikola technology to disprove allegations? Nikola is so early in its development, so you're betting on management.
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 4
Total Signals / Votes : 5
Nikola Inc. is a American stock, trading under the symbol NKLA-Q on the NASDAQ (NKLA). It is usually referred to as NASDAQ:NKLA or NKLA-Q
In the last year, 5 stock analysts published opinions about NKLA-Q. 1 analyst recommended to BUY the stock. 4 analysts recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. Read the latest stock experts' ratings for Nikola Inc..
Nikola Inc. was recommended as a Top Pick by Jim Cramer - Mad Money on 2021-04-14. Read the latest stock experts ratings for Nikola Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
5 stock analysts on Stockchase covered Nikola Inc. In the last year. It is a trending stock that is worth watching.
On 2021-04-22, Nikola Inc. (NKLA-Q) stock closed at a price of $11.77.
