In a report released today, Jeff Osborne from TD Cowen maintained a Hold rating on Nikola (NKLA – Research Report). The company’s shares opened today at $0.80.
According to TipRanks, Osborne is a 3-star analyst with an average return of 0.7% and a 42.14% success rate. Osborne covers the Technology sector, focusing on stocks such as Itron, SolarEdge Technologies, and First Solar.
Currently, the analyst consensus on Nikola is a Hold with an average price target of $1.00.
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Based on Nikola’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $425.76 million. In comparison, last year the company earned a revenue of $24.24 million and had a GAAP net loss of $236.23 million
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Nikola (NKLA) Company Description:
Nikola Corporation (NASDAQ:NKLA) focuses on providing zero-emission transportation solutions. It is engaged in manufacturing heavy-duty commercial battery and hydrogen fuel cell vehicles. Meanwhile, through its Energy business, Nikola provides charging and infrastructure support to its vehicles and third-party customers.
Read More on NKLA:
- California pushes electric trucks with restrictions at ports, NY Times reports
- Nikola, FirstElement Fuel announce 10-year agreement
- Nikola (NASDAQ:NKLA): What’s Next after Founder’s Four-Year Prison Sentence?
- Nikola founder Milton sentenced to four years in prison, Reuters reports
- Nikola founder Milton to face prison time after false claims, NY Times says
