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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Nikola Corporation    NKLA

NIKOLA CORPORATION

(NKLA)
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Real-time Estimate Quote. Real-time Estimate BATS EXCHANGE - 10/28 04:14:18 pm
19.5850 USD   -8.44%
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Nikola : talks with energy firms stalled after short-seller report - WSJ

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09/23/2020 | 06:09pm EDT
U.S. Nikola's logo is pictured at an event held to present CNH's new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin

Nikola Corp's talks with energy firms including BP PLC to build hydrogen-refueling stations have been stalled following a short-seller's allegations that the electric automaker misled investors, the Wall Street Journal reported.

Potential partners have been reluctant to move forward amid the heightened scrutiny, but a deal could still come together, the report said https://www.wsj.com/articles/nikolas-talks-with-major-energy-firms-stalled-following-short-seller-report-11600872115?mod=searchresults&page=1&pos=1 on Wednesday, citing people familiar with the matter.

Nikola and BP did not immediately respond to Reuters requests for comment.

The electric-truck maker's shares sank again on Wednesday, falling 26% to $21.15.

In a scathing report two weeks ago, short-seller Hindenburg Research said it had enough evidence to show Nikola and its founder Trevor Milton made false claims about the company's proprietary technology to form partnerships with automakers.

Following the allegations, Milton quit, but Nikola's Chief Financial Officer Kim Brady said on Tuesday the company has the backing of all its existing automotive partners.

Nikola has publicly rejected the accusations and has threatened to take legal action against Hindenburg.

(Reporting by Munsif Vengattil in Bengaluru; Editing by Arun Koyyur and Aditya Soni)


Stocks mentioned in the article
ChangeLast1st jan.
BP PLC -1.18% 193.82 Delayed Quote.-58.98%
NIKOLA CORPORATION -8.04% 19.67 Delayed Quote.0.00%
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Financials (USD)
Sales 2020 0,11 M - -
Net income 2020 -417 M - -
Net cash 2020 519 M - -
P/E ratio 2020 -19,2x
Yield 2020 -
Capitalization 8 106 M 8 106 M -
EV / Sales 2020 68 561x
EV / Sales 2021 92,9x
Nbr of Employees 256
Free-Float 37,5%
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Technical analysis trends NIKOLA CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Average target price 42,00 $
Last Close Price 21,39 $
Spread / Highest target 269%
Spread / Average Target 96,4%
Spread / Lowest Target -29,9%
EPS Revisions
Managers
NameTitle
Mark A. Russell President, Chief Executive Officer & Director
Stephen J. Girsky Chairman
Kim J. Brady Chief Financial Officer & Director
Dane Davis Chief Technology Officer
Isaac Sloan Chief Information Officer & Software Architect
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