|Bid||15.57 x 4000|
|Ask||15.94 x 3100|
|Day's Range||15.59 - 15.91|
|52 Week Range||5.26 - 16.02|
|Beta (5Y Monthly)||1.76|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.13 (0.86%)|
|Ex-Dividend Date||Apr 19, 2021|
|1y Target Est||17.64|
Nikola announced plans Wednesday to build out hydrogen infrastructure with CNH Industrial's IVECO and OGE in Germany.
Shares of Nikola Corp. jumped 3.7% in premarket trading Wednesday, after the battery-electric and hydrogen-electric vehicle maker announced a collaboration agreement with CNH Industrial N.V.'s IVECO and OGE to establish a business structure for the transportation of hydrogen. OGE operates a natural gas pipeline network in Germany. CNH shares slipped 0.6% ahead of the open. The collaboration is for transporting hydrogen through from production sources through a pipeline network to hydrogen fueling stations that support fuel-cell elective vehicles (FCEV). "We believe this collaboration, in particular, presents a very compelling long-term fueling distribution solution that we expect to advance industry and overall market adoption of FCEV technologies," said Pablo Koziner, Nikola's president of energy and commercial. Nikola shares have dropped 21.0% year to date, while CNH's stock has rallied 22.0% and the S&P 500 has gained 10.3%.
Nikola Corporation (NASDAQ: NKLA), IVECO and OGE today announced they have entered into a letter of intent for a collaboration to establish a business structure for transporting hydrogen via pipeline network from production sources to hydrogen fueling stations in support of fuel-cell electric vehicles (FCEVs). The collaboration is being launched with the intent to further define and formalize the roles and responsibilities of the parties and the required collaboration governance to enable execution of objectives to be stated in definitive agreements.