Nikola jumps after Q2 hydrogen truck deliveries surge

Nikola

02/07/2024 18:43

** Shares of electric vehicle maker Nikola  NKLA.O  jump
~12% to $8.28
    ** Co says it delivered 72 Class 8 hydrogen-fuel cell trucks
to wholesalers in Q2, up 80% from Q1 and above its estimates of
50-60 trucks
    ** Adds it has delivered 112 hydrogen trucks in 1H24 
    ** 3 out of 7 brokerages rate NKLA "buy" or higher, 4 "hold"
    ** Including session's gains, shares down ~68% YTD 

 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com))