NAS:NKLA (USA) Also Trade In: Germany UK

Nikola Corp $ 30.32 -4.18 (-12.12%)

Volume:
23,412,137
Avg Vol (1m):
24,171,533
Market Cap $:
11.65 Bil
Enterprise Value $:
10.74 Bil
P/E (TTM):
0.00
P/B:
10.61
Warning! GuruFocus has detected 2 Severe warning signs with NKLA. Click here to check it out.
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Nikola Corp News and Headlines -

GuruFocus Articles Total 22
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A look at the hedge fund's top investments based on recent filings

One of the world's most successful hedge funds is ValueAct Capital. The firm, which managed around $16 billion at the end of 2019, has returned 14.1% per annum for investors since its inception in 2000.

Managed by founder Jeff Ubben until the beginning of this year, ValueAct followed a strategy that has been labeled a "Mr. Nice Guy" style of activist investing. Unlike other activists, which may have been more aggressive in pushing for change at companies, ValueAct favored working with management behind the scenes to improve operational performance without engaging in explosive confrontations.

ValueAct holdings

The last time

148 Views    Rupert Hargreaves    2020-11-18 17:16
Focusing on engineering over marketing has put Daimler ahead in the race for hydrogen-powered semi trucks

Nikola Corp. (NKLA) has seen its fortunes fade over the past month amid reports that it faked a marquee demonstration of its hydrogen fuel-cell semi truck, which has threatened a crucial partnership with General Motors Co. (NYSE:GM) and resulted in the ouster of its founder.

Yet, while Nikola is flailing, hope remains for the fuel cell technology that put it on the investor map. Indeed, Daimler AG (XTER:DAI) has been busily developing a fuel cell semi truck of its own, one that it hopes will power whole fleets

496 Views    John Engle    2020-10-21 14:14
The fuel cell truck startup's future may rest in GM's hands

Nikola Corp. (NKLA) has certainly had a wild ride. After its June 4 initial public offering, the startup automaker, which designs electric trucks powered by hydrogen fuel cells, saw its stock buoyed up by widespread market euphoria in the days following its public market debut. Peaking at $93.99 per share, Nikola's market capitalization actually surpassed that of the venerable Ford Motor Co. (F) for a time.

Despite having cooled off significantly in the weeks following its IPO, Nikola's stock remained a hot topic of interest throughout the summer. The Sept. 8 announcement of a manufacturing partnership

403 Views    John Engle    2020-10-20 14:37
Tesla and SPACs reaching for all options

With electric vehicle demand predicted to rise dramatically on the heels of the pandemic and clean energy trends, there has been a recent boom in negotiations surrounding producers of lithium-ion batteries and the components used to power them. Tesla Inc. (TSLA) is reportedly in talks with BHP Group Ltd. (BHP) for their nickel supplies and Romeo Power, an industry-leading battery manufacturer, has entered into a definitive agreement with RMG Acquisition Corp. (RMG), a special purpose acquisition company.

SPACs attack

Late last week, reports began to surface that Romeo Power, a company that offers market-leading energy density in its lithium-ion

547 Views    Graham Griffin    2020-10-08 19:45
Badger passenger truck could short out

Alternatively fueled vehicle startup Nikola Corp. (NKLA) finds itself deep in negotiations with General Motors Co. (GM) as the future of the Badger pickup truck initiative swings in the balance.

At the beginning of September, the fresh-faced Nikola found itself coming to an agreement with automotive giant GM to take an 11% stake in the company and help build the newly announced Badger pickup truck. In exchange for both development and manufacturing, General Motors was set to receive $2 billion in approximately 48 million new shares valued at $41.93 each.

Shortly after the announcement, negative allegations of fraud from a

366 Views    Graham Griffin    2020-10-02 20:34
Investors need to be on the lookout for this warning sign

In some ways, public markets have become a lot safer to invest in over the last century. Regulators now mandate quarterly financial disclosures and earnings announcements in most developed countries. The average investor now has more access to information than ever before. This is a real change in financial history. When Benjamin Graham, was is considered to be the father of value investing, was writing "Security Analysis," the prevailing view was that no prudent investor should invest in common stocks. Why would you risk your hard-earned money on a security that offers no legal guarantee of a future payment

966 Views    Stepan Lavrouk    2020-10-02 18:16
Markets mixed, shares of Fluor fall as it restates 2019 results

US Markets

U.S. stocks were mixed on Friday, with global concerns about new record cases of Covid-19. The Dow advanced 0.15% to 26,775, the S&P 500 index lost 0.10% to 3,243 and the Nasdaq Composite Index was up 0.01%, to 10,672.

Gainers

• AAR Corp (AIR) +10%

• Norwegian Cruise Line Holdings Ltd. (NCLH) +7.5%

• Nikola Corporation (NKLA) +5.6%

• Walmart (WMT) +0.3%

Losers

• Under Armour, Inc. (UA) -5.5%

• Rite Aid (RAD) -4.7%

• Alibaba Group (BABA) -1.7%

• Twitter (TWTR) -0.8%

Global Markets

The main European stock markets traded in the red. The UK's

119 Views    Omar Venerio    2020-09-25 14:15
New products and new alliances could help the automaker get past a decade of disappointing results

With lots of attention focused on Tesla (TSLA) and Nikola (NKLA) these days, investors might forget about the former big three of American auto manufacturing. Ford Motor Co. (F) is one of them and has been trying to remake itself over the past decade. The need for change will come as no surprise to anyone who has followed its share price:

Ford stock price chart

Yet, this is a company with a fat wallet and lots of plans for the next half-decade and beyond. According to the to second-quarter 2020 earnings release, Ford ended the quarter with

395 Views    Robert Abbott    2020-09-23 14:42
The electric automaker responds to a recent shortseller report

The future is very difficult to forecast, but one trend that seems very likely to continue is the expansion of the electric car market. The biggest auto manufacturers in the world have recognized this too, with industry giants like Ford (F), General Motors (GM) and Volkswagen (XTER:VOW3) all investing huge amounts of money into the space. Ford even recently announced an electric version of its best-selling F-150 pickup truck - perhaps the least likely candidate for an electric makeover.

Suffice to say, there are strong desires in the industry to "electrify" every type of vehicle imaginable. One notable

202 Views    Stepan Lavrouk    2020-09-16 18:57
Nasdaq up 21.7% year to date

The Dow Jones Industrial Average closed at 27,665.64 on Friday with a gain of 131.06 points or 0.48%. The S&P 500 closed at 3,340.97 for a gain of 1.78 points or 0.05%. The Nasdaq Composite closed at 10,853.55 for a loss of 66.05 points or -0.60%. The VIX Volatility Index was lower at 26.81 for a loss of 2.90 points or -9.76%.

For the week, the Nasdaq returned -4.1%, the S&P 500 was down -2.5% and the Dow Jones was down -1.7%. So far this year, the Nasdaq has a gain of 21.7%, the S&P 500 is up 3.41% and

57 Views    Julie Young    2020-09-11 21:08
Shares of both companies spike on deal to leverage strengths and cover weaknesses

On Tuesday morning, battery- and hydrogen-electric vehicle maker Nikola Corp. (NKLA) disclosed that automotive company General Motors (GM) entered into a subscription agreement on Thursday to purchase $2 billion worth of its common stock, or 47.7 million shares.

According to the agreement, which was filed with the Securities and Exchange Commission on Thursday, the purchase price of each share was set at $41.93, which was 16.1% above Thursday's closing price of $36.13.

In addition to the equity investment, which gives GM a stake of approximately 11% in the electric truck maker, GM will partner with Nikola in a "potential game

434 Views    Margaret Moran    2020-09-08 22:15
Increasing interest in these speculative vehicles serves as a red flag for investors

The increasing disconnect between U.S. stock prices and economic reality may seem surprising or even surreal to many investors. Not only did the recent "market crash" last for only a month, stock prices continue to rise even for companies that reported year-over-year declines, so long as they beat whatever the analyst community on Wall Street was predicting.

More than halfway through 2020, not only is the stock market thriving, we are also seeing a change in fortunes for special purpose acquisition companies, also known as SPACs or blank-check companies, which are highly speculative in nature as their success depends entirely

990 Views    Margaret Moran    2020-08-28 22:04
Hedge fund releases 2nd-quarter portfolio

ValueAct Holdings LP (Trades, Portfolio), the investment firm founded by Jeff Ubben in 2000, disclosed its portfolio for the second quarter last week.

Known for its activist investments, the San Francisco-based hedge fund concentrates on acquiring significant ownership stakes in companies it believes are fundamentally undervalued. The investment team seeks out-of-favor companies that are mispriced for a specific reason; ValueAct then works productively with management to maximize shareholder value. After stepping down as chief investment officer in July 2017, handing the reins to Mason Morfit, Ubben announced in June he left the firm to pursue social investing.

357 Views    Sydnee Gatewood    2020-08-20 16:46
'The market is painting large portions of industries with the same broad brush, and I think it's creating investment opportunities'

There is a strange dichotomy in the stock market right now. The market is painting large portions of industries with the same broad brush, and I think it’s creating investment opportunities. Anything related to software-as-a-service (SaaS) is deemed a future winner, while anything related to the physical world is toast. In aggregate, this trend is directionally correct, but the market doesn’t do a great job at parsing out who the winners and losers might be from within those two broad groups. And there will be winners (and losers) in both groups. Some cloud software companies are incredible bargains relative to

168 Views    John Huber    2020-07-31 16:12
With insiders registered to sell the majority of shares, we estimate a lower target price

Nikola (NKLA) has been the darling of the stock market in the past three months. Since the IPO in the middle of April, Nikola’s stock has had a wild run, from $11.74 per share to nearly $80 per share. It is currently trading at almost $38 per share as of the writing of this article, with a total market valuation of more than $13.65 billion.

We at Global Hidden Gems estimate that Nikola should be worth about $13 per share. Here's why.

A disruptor in a large growing global market

Nikola is considered a disruptor in the global truck

480 Views    Hoang Quoc Anh    2020-07-28 15:12
The guru raised a record $4 billion for the blank-check company on July 22

Bill Ackman (Trades, Portfolio) is not new to making history. Earlier this year, the guru shorted the broad market to net a profit of over $2 billion and was quick to load up on high-quality stocks at the market bottom in late-March. So far, his track record during the current economic downturn is second to none in comparison to the performance of other investing gurus.

In his latest move, Ackman raised over $4 billion by publicly listing a special-purpose acquisition company (SPAC), commonly known as a blank-check company. This venture trades as Pershing Square

717 Views    Dilantha De Silva    2020-07-23 19:12
Clean trucking initiatives could boost EV profits

At the end of June, the California Air Resources Board, known as CARB, passed a new law that will likely further increase interests in electric and alternative fuels companies.

The new law, named the Advanced Clean Truck Regulation, is set to start in 2024 and is aimed at CARB’s goals of reducing greenhouse gas emissions by 40% and a 50% reduction in petroleum use by 2030. The law requires that an increasing percentage of manufacturer sales of medium to heavy-duty vehicles reach zero-emissions standards between 2024 and 2035.

CARB has found that the majority of these vehicles travel less

650 Views    Graham Griffin    2020-07-07 21:28
EV stocks trading close to 52-week highs

With the oil and gas industry in turmoil alongside the pandemic, several electric vehicle companies have seen record numbers over the last several weeks, including NIO Inc. (NIO), Nikola Corp. (NKLA), BYD Co. Ltd. (BYDDF) and Tesla Inc. (TSLA).

GuruFocus' 52-Week High screener places the vehicles and parts industry 16th overall, with 123 stocks trading within 10% of their 52-week highs. The majority of these EV companies are trading at least 50% above their 52-week lows.

NIO

June 25 saw NIO trading at $6.97 per share with a market cap of $7.98 billion. The company is currently showing two

483 Views    Graham Griffin    2020-06-25 21:37
Used car retailer reports 1st-quarter results

Shares of used car retailer CarMax Inc. (KMX) tumbled over 4% after posting first-quarter 2021 financial results before the opening bell on Friday.

Like many other dealerships and automakers, the Richmond, Virginia-based company has felt the effects of the coronavirus lockdown as it closed or reduced operations at roughly half its more than 200 stores. It also furloughed 15,500 employees, stopped store expansions, reduced inventory levels and halted its share repurchase program. The company also noted that more than 80% of the days in the quarter, which ended May 31, were negatively impacted by the “mix of store closures and

327 Views    Sydnee Gatewood    2020-06-19 16:04
There are remarkable similarities between the two upstart auto disruptors

Trevor Milton, founder and executive chairman of Nikola Corp. (NKLA), became the world’s newest billionaire this month as the company made its public market debut.

Under Milton’s leadership, Nikola has risen from startup obscurity in cell-powered vehicles to become a multi-billion-dollar enterprise on the verge of launching its first line of hydrogen fuel cell-powered trucks.

Nikola’s blowout IPO has thrown Milton into the spotlight, revealing some of his personality, character and leadership style. Intriguingly, Milton’s recent public statements, media interactions and investor communications display a remarkable similarity to those of another automotive entrepreneur: Elon Musk, CEO of Tesla Inc.

293 Views    John Engle    2020-06-19 14:03

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