NIKOLA CORPORATION

(NKLA)
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Delayed Nasdaq  -  05/27 04:00:00 pm EDT
7.190 USD   +6.05%
05/10Wedbush Adjusts Nikola's Price Target to $10 From $15 on 'Lower Multiple,' Maintains Neutral Rating
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05/05Nikola's Q1 Adjusted Loss Widens
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05/05TRANSCRIPT : Nikola Corporation, Q1 2022 Earnings Call, May 05, 2022
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FPT INDUSTRIAL AND NIKOLA TOGETHER AT CES 2022 TO REVOLUTIONIZE HEAVY ON-ROAD TRANSPORT

01/07/2022 | 12:24pm EDT

FPT Industrial, the world's largest producer of low-environmental impact industrial engines, and Nikola Corporation, a leading designer and manufacturer of heavy-duty commercial battery-electric vehicles (BEV), fuel-cell electric vehicles (FCEV) and energy infrastructure solutions, are present together at CES 2022, from 5 to 7 January 2022 at the Las Vegas Convention Center.

Sharing the common mission to revolutionize and decarbonize heavy on-road transport, the two sustainability-oriented companies started their partnership in 2019, and now present the exciting results in the On-road Innovation Area of the new FPT Industrial's stand at CES 2022 (booth #9643, North Hall).

The result of this collaboration as well as the star of the shared exhibition is the integrated electric axle suitable for heavy commercial vehicles (HCVs) - Class 8 trucks. Delivering high performance (840 kW), outstanding efficiency and full sustainability, the e-axle for HCVs was jointly developed for the BEV version of the Nikola Tre truck, whose joint production site with IVECO was inaugurated in September 2021 in Ulm (Germany). The first units of the Nikola Tre-exclusive e-axle are expected to be delivered to Nikola in 2022.

With a range of up to 560 km (350 miles) and dynamic performance, the Nikola Tre BEV truck will be an important step forward in making zero-emissions transportation possible for heavy-duty commercial trucking. FPT Industrial, IVECO and Nikola have adopted a modular approach in developing their electric offering, which is unique in the industry. The Nikola Tre platform will be capable of using either battery-electric technology or hydrogen powered fuel cell technology. With this approach, the partners are taking the long view, bringing both technologies on stream now to pursue BEV and FCEV in their offering in the next few years.

FPT Industrial is a brand of IVECO Group, dedicated to the design, production and sales of drives systems for On-Road and Off-Road vehicles, as well as marine and Power Generation applications. The company has more than 8,000 employees around the world, ten production plants and seven R&D centers. The FPT Industrial sales network is made up of 73 dealerships and about 800 service centers in almost 100 countries. The brand boasts an extremely vast range of products that includes six engine families with power that goes from 42 HP to 1,006 HP, transmissions with maximum torque from 200 Nm to 500 Nm and 2 to 32 ton gross axle weight (GAW) front and rear axles. FPT Industrial offers the most complete line-up of natural gas engines on the market for industrial applications, with power that goes from 50 to 460 HP. This vast range of products and the great attention dedicated to R&D make FPT Industrial a global leader in the industrial engines segment. For more information, go to www.fptindustrial.com.

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CILIBERTI Emanuela

Phone : +39 011 007 1798

press@fptindustrial.com

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LEPORE Fabio

Phone : +39 011 007 6720

press@fptindustrial.com

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(C) 2022 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
IVECO GROUP N.V. 1.02% 5.96 Delayed Quote.0.00%
NIKOLA CORPORATION 6.05% 7.19 Delayed Quote.-31.31%
All news about NIKOLA CORPORATION
05/10Wedbush Adjusts Nikola's Price Target to $10 From $15 on 'Lower Multiple,' Maintains Ne..
MT
05/05Nikola's Q1 Adjusted Loss Widens
MT
05/05TRANSCRIPT : Nikola Corporation, Q1 2022 Earnings Call, May 05, 2022
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05/05NIKOLA CORP MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF..
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05/05Nikola Corporation Reports Earnings Results for the First Quarter Ended March 31, 2022
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05/05NIKOLA : Q1 Earnings Snapshot
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05/05Earnings Flash (NKLA) NIKOLA CORPORATION Posts Q1 Loss $-0.21, vs. Street Est of $-0.25
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05/05Earnings Flash (NKLA) NIKOLA CORPORATION Posts Q1 Revenue $1.89M
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05/05Nikola Corporation Reports First Quarter 2022 Results
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05/02Nikola Says Antara Capital to Buy $200 Million of Convertible Senior Notes due 2026
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Financials (USD)
Sales 2022 110 M - -
Net income 2022 -689 M - -
Net cash 2022 461 M - -
P/E ratio 2022 -4,70x
Yield 2022 -
Capitalization 3 028 M 3 028 M -
EV / Sales 2022 23,3x
EV / Sales 2023 5,06x
Nbr of Employees 900
Free-Float 55,4%
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Mean consensus HOLD
Number of Analysts 9
Last Close Price 7,19 $
Average target price 10,86 $
Spread / Average Target 51,0%
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Managers and Directors
Mark A. Russell 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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