Nikola stock, in my mind, was simply one of the first to follow suit and build on the growing momentum in the sector. That's particularly true in the trucking segment, where fuel is one of the biggest expenses for fleet operators, and their corporate customers are seeking ways to shrink their carbon footprints. A rank of 38 means that 62% of stocks appear more favorable to our system. Stock Advisor launched in February of 2002.
But, if you ask me, this actually may be the best opportunity to invest in Nikola stock we’ve seen since its IPO. Nikola aims to change that. Home » Stocks » Nikola Stock » Nikola Stock: Is NKLA Stock Still a Good Investment? The stakes are incredibly high, and at its current valuation, even if Nikola executes perfectly, that wouldn't guarantee good returns for investors opening positions today. Milton, as a result of this attack, resigned. Stock Market Basics: How to Select the Best Tech Stocks in 2020, Why Buying the "Dogs of the Dow" Could Pay Off in 2020, Tech Stock Analysis: Top Tech Trends of 2020; Part 2, Tech Stock Analysis: Top Tech Trends of 2020; Part 1, Why Dow 30,000 Could Be a Conservative Target in 2020. But first we have to cover where NKLA stock is now and how it got there. Amidst all that drama, however, the pertinent question for you, dear reader, is whether Nikola stock is still a worthwhile buy? The primary reasons for that are access to fuel and range, but there are also operating benefits in terms of service and maintenance costs. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. I also think the odds are pretty good that Nikola will develop and sell battery-electric and hydrogen-electric trucks. A rank of 42 means that 58% of stocks appear more favorable to our system. The company first burst on to the scene earlier in 2020, when the Phoenix-based hybrid truck company announced it was set to deliver $10.0 billion in truck sales next year. Onto Innovation Inc: Chip Tech Stock to Benefit from 5G Acceleration, EVO Payments Inc: A High-Prospects Tech Stock for Your Portfolio, i3 Verticals Inc: Payment Solutions Stock Could Generate Great Returns, Akoustis Technologies Inc: Why This 5G Play Could Be a Hidden Gem, Perspecta Inc: Attractive Valuation Offers a Downside Buffer for IT Provider.
Marijuana Stocks Score a Long-Deserved Win. The company said it’s still dedicated to hitting set of milestones previously outlined, despite Milton’s exit, while denying many of the claims made in the report. NKLA is currently a HTB (Hard to Borrow) stock with short interest clocking a rate of about 40% currently. In a way, this may end up favoring Nikola stock in the long run. Terms of Service | Privacy Policy.
Nikola stock, meanwhile, is a perfect example of something I’ve been predicting for a while now. Trying to invest better?
I also expect it will neither be the first nor the only company to bring a zero-emissions truck to the mass market. NKLA Stock Analysis Overview . “Nikola, Honda and other companies who are looking to GM’s technology as a platform for their products, represent just one part of our overall EV strategy,” the company said. Competition will be fierce. That’s because the stock wasn’t likely to plunge so fast and so hard without some major catalyst like the report and Milton’s subsequent resignation. Portions of this content may be copyrighted by Fresh Brewed Media, Investors Observer, and/or O2 Media LLC.
Let's conquer your financial goals together...faster. What does Nikola bring to the table? This year has been anything but predictable. This sent NKLA shares reeling, losing about 40% in value over the past four months. And Nikola stock has since been playing catch-up. NKLA stock price. The company is developing heavy-duty vehicles that combine electric motors and hydrogen fuel cells, aiming squarely at competing with the diesel-powered machines that dominate the highways now.
Read Full Bio. Therefore, for a transportation fleet owner to make a change, there has historically needed to be a clear financial benefit. Jason can usually be found there, cutting through the noise and trying to get to the heart of the story. So instead of everyone saying that Nikola stock is overpriced, instead many are going to be focusing on Milton and his actions. That's a massive "if," and a long wait before we get an answer. A Fool since 2006, he began contributing to Fool.com in 2012. The potential to disrupt diesel in a way that other technologies have not been able to, because it can compete on fuel weight and range, and offers a drivetrain system that requires far less regular maintenance than combustion engines. Like learning about companies with great (or really bad) stories? This $1 Marijuana Stock on the Verge of Breakout. A tough industry to disrupt.
But are there more share price gains to come? Stock Price data may be delayed up to 15 minutes. Get the latest Nikola Corporation NKLA detailed stock quotes, stock data, Real-Time ECN, charts, stats and more.
GrowGeneration Corp: Up 590% Since March & Still Going? But the fact that GM seems committed to this deal despite all the controversy surrounding Nikola Corporation right now is a very good sign. (Source: “Nikola shares rise after company reconfirms strategy following founder Trevor Milton’s resignation,” CNBC, September 30, 2020. “Our overall goal is to put everyone in an EV and accelerate adoption.”.
“With support from our business partners and suppliers, we are focused on executing on our strategic initiatives and laying the groundwork to become a vertically integrated zero-emissions transportation solutions provider,” Nikola said in a press release. Nikola Stock: Is NKLA Stock Still a Good Investment? Now that Nikola has dipped so low, some bargain investors may be asking themselves, is the stock nearing a buy-low level? The high price target for NKLA is $79.00 and the low price target for NKLA is $15.00. Nikola stock seemingly came onto the scene out of nowhere, announcing that it planned to see huge revenue in the upcoming year off the sale of its electric trucks. With share prices plunging by dozens of points, investors are concerned about how to proceed. So now we have the background; where does that leave NKLA stock?
NKLA stock is volatile but offers investors one of the best ways to potentially double their money in 2020…if they can stomach the risk. One stock, however, has nearly matched 2020 when it comes to being unpredictable: Nikola Corporation (NASDAQ:NKLA).
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