Add news
Король и Шут - Девушка и граф (English/Japanese cover by Even Blurry Videos feat. ICHIGO TANUKI)
Moscow.media
March 2010
April 2010
May 2010June 2010July 2010
August 2010
September 2010October 2010
November 2010
December 2010
January 2011
February 2011March 2011April 2011May 2011June 2011July 2011August 2011September 2011October 2011November 2011December 2011January 2012February 2012March 2012April 2012May 2012June 2012July 2012August 2012September 2012October 2012November 2012December 2012January 2013February 2013March 2013April 2013May 2013June 2013July 2013August 2013September 2013October 2013November 2013December 2013January 2014February 2014March 2014April 2014May 2014June 2014July 2014August 2014September 2014October 2014November 2014December 2014January 2015February 2015March 2015April 2015May 2015June 2015July 2015August 2015September 2015October 2015November 2015December 2015January 2016February 2016March 2016April 2016May 2016June 2016July 2016August 2016September 2016October 2016November 2016December 2016January 2017February 2017March 2017April 2017May 2017June 2017July 2017August 2017September 2017October 2017November 2017December 2017January 2018February 2018March 2018April 2018May 2018June 2018July 2018August 2018September 2018October 2018November 2018December 2018January 2019February 2019March 2019April 2019May 2019June 2019July 2019August 2019September 2019October 2019November 2019December 2019January 2020February 2020March 2020April 2020May 2020June 2020July 2020August 2020September 2020October 2020November 2020December 2020January 2021February 2021March 2021April 2021May 2021
1234567891011121314151617
18
19
20
21
22
23
24
25
26
27
28
29
30
31
News Every Day |

Nikola's stock-price target cut in half at Wedbush as the firm questions the electric automaker's ability to hit its ambitious forecasts

Trevor Milton

Wedbush cut its Nikola price target in half Monday morning as its analysts questioned the electric automaker's ability to follow through on its ambitious forecasts in a timely manner.

"Overall we still believe the company's EV and hydrogen fuel cell ambitions are hittable in the semi- truck market, although we still have clear concerns that the execution and timing of these ambitious goals stay on track over the coming years,"a team of analysts led by Dan Ives said.

The firm cut its target from $25 to $13. Shares of Nikola fell as much as 6.1% Monday morning to $10.31. The electric automaker is down nearly 31% year-to-date.

The analysts noted that one of the major drivers of Nikola's stock price has been expectations that its investing into a hydrogen- powered battery. This type of battery and electricity is believed to be much more beneficial than the traditional battery electric motors in current electric vehicles use. Nikola currently has prototype trucks in Germany completed and its Arizona flagship factory build-out is right on schedule, so the automaker seems to be moving in the right direction to build out the battery, Wedbush said.

Right now though, Nikola is pre-revenue and needs to build up Wall Street credibility slowly, the analysts added.

"In a nutshell, NKLA is a "prove me" story looking ahead and the company laying out a tight and step by step roadmap that investors can clearly judge success/failure will be the key to success between now and 2023 in our opinion with the Street's skeptical view awaiting the next steps," said Wedbush.

Nikola has fallen nearly 89% since it went public last June and hit a whopping $93.99 a share. Last week, CFRA Research lowered their price target to $8 for Nikola and reiterated their "sell" rating due to "daunting operational headwinds" and consistent insider sales.

Read the original article on Business Insider




Read also

Yes, You Can Get Another Stimulus Payment If You Live Here

Jordan’s king says diplomacy under way to halt Israel’s military campaign

Bay Area police shooting videos follow same recipe; critics call it ‘slick marketing’





News, articles, comments, with a minute-by-minute update, now on Today24.pro



Today24.pro — latest news 24/7. You can add your news instantly now — here
News Every Day

The 2021 Ford Ranger Tremor Is Almost the Ranger We Want