Wedbush remains sidelined on Nikola (NKLA) as CEO change overshadows positive 2Q
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Vinfast to list in on Nasdaq next week as 'VFS'
August 11, 2023 2:54 PM EDTSpecial Acquisitions Company, Black Spade (NYSE: BSAQ) voted Thursday to merge with electric automaker, VinFast, allowing the Vietnamese company to list on the Nasdaq platform in the US.
In a joint statement with Black Spade, the automaker revealed that it would list on the Nasdaq and begin trading under the ticker symbol VFS "on or around... More
DA Davidson cuts estimates on Nikola (NKLA) as company tackles cash burn
August 7, 2023 10:42 AM EDTDA Davidson reiterated a Neutral rating on EV maker, Nikola Corp. (NASDAQ: NKLA) and cut their 12-month price target on the stock to $2.50 (From $3.00) following the automakers 2Q earnings release and conference calls with management.
Analyst Michael Shlisky believes that the company is on track to decrease its cash burn to $400 million per year by the year's end. The provided guidance on implied exit run rates offers some insight into the cost... More
Nikola Corp. (NKLA) PT Lowered to $2.50 at DA Davidson
August 7, 2023 4:46 AM EDTDA Davidson analyst Michael Shlisky lowered the price target on Nikola Corp. (NASDAQ: NKLA) to $2.50 (from $3.00) while maintaining a Neutral rating.... More
