Nikola Corp. (NKLA) PT Lowered to $1.50 at Deutsche Bank, Lowers Delivery Expectations by Roughly 27%
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BTIG keeps Nikola (NKLA) at Neutral post Q4, 'NKLA poised to increase truck sales throughout 2024, but we wait on continued execution'
February 22, 2024 4:57 PM EST(Updated - February 22, 2024 4:58 PM EST)
BTIG analyst Gregory Lewis reiterated a Neutral rating on Nikola Corp. (NASDAQ: NKLA), following the company's Q4 report earlier today.
The analyst commented: "NKLA's stock was down ~0.1% on the day after reporting 4Q23 earnings (BMO) with revenue of ~$11.5M which was below consensus of ~$13M (BTIG ~$12M) but within the guidance range of $11.25M-$18.75M. We note NKLA pre-announced (January 4th) volumes of ~35 FCEV... More
Nikola sets big delivery target after first revenue from hydrogen big rigs
February 22, 2024 8:57 AM EST(Reuters) - Nikola set a target to deliver as many as 350 hydrogen-powered fuel cell electric trucks in 2024, after cost controls and its first revenue from the vehicles helped the startup post a smaller loss for the fourth quarter.
The company also said on Thursday it was on track to return its first re-worked battery-electric trucks back to users by the end of the current quarter, after some trucks powered by the technology... More
Nikola (NKLA) Tops Q4 EPS by 2c, Misses on Revenue, Delivers 35 Hydrogen Trucks
February 22, 2024 8:56 AM EST(Updated - February 22, 2024 8:57 AM EST)
Nikola (NASDAQ: NKLA) reported Q4 EPS of ($0.11), $0.02 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $11.53 million versus the consensus estimate of $13.15 million. The company produces 42, and delivered 35 hydrogen fuel cell electric... More
