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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Nikola Corporation    NKLA

NIKOLA CORPORATION

(NKLA)
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Electric trucks may soon challenge diesel if charging hurdle cleared, study shows

04/08/2021 | 11:03am EDT

STOCKHOLM (Reuters) - Electric heavy trucks will soon be able to compete economically with diesel trucks as battery technology rapidly improves, a study by Sweden-based think tank the Stockholm Environment Institute (SEI) showed on Thursday.

A green shift in the transport sector, which generates roughly a quarter of global carbon dioxide emissions, is seen as important to help align with globally agreed climate goals.

Battery-powered trucks have often been dismissed as too costly to replace diesel trucks in many capacities, with batteries too heavy for long-haul freight.

But researchers at SEI said a tipping point was now in sight.

"Battery technology is very close to a threshold that makes electric trucks feasible and economically competitive. All that is missing is one companion component: fast charging," said Bjorn Nykvist, senior researcher at SEI.

The study, which evaluated costs, energy use, and battery pack weight, showed that the availability of fast, high-capacity charging was key, as that meant truck batteries could be kept relatively small and light.

This should be an incentive to the private sector and policy makers to focus on making charging infrastructure more available, said co-author Olle Olsson.

"In many settings, electric freight trucks can play an important role in reducing emissions from heavy transport," he said.

Research by Capgemini Invent, part of Capgemini Group, recently showed that electric trucks are among 55 clean technologies that can help the European Union reach its goal of climate neutrality by mid-century.

General Motors Co and electric truck startup Nikola Corp said last year they would join forces to build electric pickup trucks and fuel cell commercial trucks to take on Tesla Inc.

Volvo Trucks, Sweden's AB Volvo's main truck brand, aims to sell a complete range of electric, heavy-duty trucks in Europe starting this year.

(Reporting by Helena Soderpalm; editing by Niklas Pollard)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AB VOLVO 0.41% 208 Delayed Quote.6.71%
NIKOLA CORPORATION -7.50% 11.84 Delayed Quote.-22.41%
TESLA, INC. 3.69% 701.98 Delayed Quote.-0.52%
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Financials (USD)
Sales 2021 17,8 M - -
Net income 2021 -589 M - -
Net cash 2021 943 M - -
P/E ratio 2021 -8,25x
Yield 2021 -
Capitalization 4 641 M 4 641 M -
EV / Sales 2021 207x
EV / Sales 2022 15,8x
Nbr of Employees 450
Free-Float 36,9%
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Technical analysis trends NIKOLA CORPORATION
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Mean consensus HOLD
Number of Analysts 7
Average target price 27,17 $
Last Close Price 11,84 $
Spread / Highest target 297%
Spread / Average Target 129%
Spread / Lowest Target 26,7%
EPS Revisions
Managers and Directors
NameTitle
Mark A. Russell President, Chief Executive Officer & Director
Kim J. Brady Chief Financial Officer
Stephen J. Girsky Chairman
Dane Davis Chief Technology Officer
Isaac Sloan Chief Information Officer & Software Architect
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1st jan.Capitalization (M$)
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