Nikola (NKLA) Enters Supply Deal with LG; Offers Resolution to Government-Led Probe

Nikola (NKLA) Stock Has Soared Today. Here's Why

November 8, 2021 10:14 AM EST

Nikola (NASDAQ: NKLA) share price is up over 6% today as two Wall Street analysts raised their price targets on the company following a long-term battery supply deal with LG Energy Solution.

Last week, Nikola decided that LG Energy agreed to provide the company with its battery cells starting from 2022. Moreover,... More

Nikola Corp. (NKLA) PT Raised to $11 at RBC Capital

November 5, 2021 6:24 AM EDT

RBC Capital analyst Joseph Spak raised the price target on Nikola Corp. (NASDAQ: NKLA) to $11.00 (from $9.00) while maintaining a Sector Perform rating.... More

UPDATE: BTIG Downgrades Nikola Corp. (NKLA) to Neutral

November 5, 2021 5:10 AM EDT

(Updated - November 5, 2021 6:50 AM EDT)

BTIG analyst Gregory Lewis downgraded Nikola Corp. (NASDAQ: NKLA) from Buy to Neutral.

The analyst comments "NKLA released earnings today (BMO), which helped push the stock up ~21% on the day and to its highest level since July. While we like the long-term story, the stock's recent run-up (up ~50% over the last month) has seen NKLA move toward our $16 PT;... More

Nikola to pay $125 million penalty in SEC settlement

November 4, 2021 9:23 AM EDT

(Reuters) - Nikola Corp said on Thursday it was working with U.S. regulators to pay a $125 million penalty to settle a charge against its founder, as the electric-truck maker works on ramping up production.

The U.S. Securities and Exchange Commission (SEC) had charged Trevor Milton for using social media to repeatedly mislead investors about the company's technology and capabilities, reaping "tens of millions of dollars" as a result of his misconduct.

Shares of... More

Nikola (NKLA) Reserves $125M for SEC Settlement

November 4, 2021 9:18 AM EDT

Nikola (NASDAQ: NKLA) provided an update on the SEC investigation. The company notes it and the Staff of the Division of Enforcement at the SEC have been engaged in discussions regarding a resolution of the SECs investigation. The company expects that, if approved, the... More

Nikola (NKLA) Tops Q3 EPS by 5c

November 4, 2021 9:01 AM EDT

Nikola (NASDAQ: NKLA) reported Q3 EPS of ($0.22), $0.05 better than the analyst estimate of ($0.27).

For earnings history and earnings-related data on Nikola (NKLA) click here.

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