|Bid||10.49 x 1100|
|Ask||10.50 x 800|
|Day's range||10.38 - 11.24|
|52-week range||10.38 - 93.99|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||07 May 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||19.33|
The deal is with Total Transportation Services in Southern California, but don't expect to see the trucks hauling goods just yet.
Shares of Nikola (NASDAQ: NKLA) continued their downward drift last month as the special purpose acquisition company (SPAC) bubble continued to deflate, dragging down the maker of hydrogen and electric vehicles. Nikola's head of fuel cell development stepped down at the beginning of the month, weighing on the stock, but investors did receive some good news when the company said it would begin installing hydrogen fueling stations in California. According to data from S&P Global Market Intelligence, the EV stock finished April down 17%.
Shares of the Phoenix, Arizona-based company surged 7.5% in premarket trading after the announcement. Total Transportation is a large player at the ports of Los Angeles and Long Beach in southern California, which see up to 14,000 trucks on location in a month. "The LOI is for 100 zero-emission trucks beginning with a four-truck pilot slated to start in the first half of 2022 and consisting of two BEVs and two FCEVs," said Nikola.