Nikola Corp (NASDAQ:NKLA) shares are in focus today after the zero emissions transportation and energy solutions provider noted that orders for the class 8 Nikola hydrogen fuel cell EVs have crossed the 200 mark.
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The 202 orders for the heavy-duty trucks come from 18 end customers and deliveries are expected to commence later this year. The truck boasts a ~500-mile range with a fueling time of about 20 minutes.
Separately, the company has bagged another grant worth $16.3 million for its seven open-network hydrogen refueling stations. This takes the company’s total grant wins to $58.2 million in the past 30 days.
Further, Nikola is also slated to announce second-quarter numbers on August 4 and is largely anticipated to post a net loss per share of $0.22 on revenue of ~$15 million for the quarter. In the year-ago period, it had incurred a net loss per share of $0.25, surpassing estimates by $0.02.
Overall, the Street has a $4 consensus price target on Nikola alongside a Hold consensus rating. Shares of the company have surged nearly 113% over the past month alone.
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