Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
- Analyst Ratings
Upturn AI SWOT - About
NKLA 
Nikola Corp (NKLA)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
04/01/2025: NKLA (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -67.57% | Avg. Invested days 23 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 15.46M USD | Price to earnings Ratio - | 1Y Target Price 18 |
Price to earnings Ratio - | 1Y Target Price 18 | ||
Volume (30-day avg) 10929075 | Beta 1.97 | 52 Weeks Range 0.09 - 32.40 | Updated Date 04/3/2025 |
52 Weeks Range 0.09 - 32.40 | Updated Date 04/3/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -12.34 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) -577.31% |
Management Effectiveness
Return on Assets (TTM) -30.86% | Return on Equity (TTM) -129.18% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 165755210 | Price to Sales(TTM) 0.2 |
Enterprise Value 165755210 | Price to Sales(TTM) 0.2 | ||
Enterprise Value to Revenue 2.19 | Enterprise Value to EBITDA -1.69 | Shares Outstanding 84467800 | Shares Floating 60535330 |
Shares Outstanding 84467800 | Shares Floating 60535330 | ||
Percent Insiders 3.19 | Percent Institutions 37.59 |
Analyst Ratings
Rating 3.29 | Target Price 12.4 | Buy - | Strong Buy 1 |
Buy - | Strong Buy 1 | ||
Hold 6 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Nikola Corp
Company Overview
History and Background
Nikola Corporation was founded in 2014 with the goal of developing zero-emission transportation solutions, primarily focusing on hydrogen fuel cell and battery-electric vehicles. Initially focused on electric trucks and hydrogen infrastructure, the company has faced challenges and strategic shifts since going public in 2020.
Core Business Areas
- Trucks: Development and manufacturing of battery-electric and hydrogen fuel cell electric trucks, including Class 8 semi-trucks.
- Energy: Developing hydrogen production, storage, and dispensing infrastructure to support its fuel cell vehicle ecosystem.
Leadership and Structure
The company is led by Steve Girsky (CEO). The organizational structure consists of functional departments such as engineering, manufacturing, sales, and finance.
Top Products and Market Share
Key Offerings
- Nikola Tre BEV: Battery-electric Class 8 semi-truck. Market share is still developing and represents a small percentage of the overall Class 8 market. Competitors include Tesla (TSLA), Freightliner (Daimler Truck AG), and Volvo Trucks.
- Nikola Tre FCEV: Hydrogen fuel cell electric Class 8 semi-truck. This product is in the early stages of commercialization. Competitors include Hyundai and other companies developing hydrogen fuel cell trucks.
- HYLA: Hydrogen fueling solution and infrastructure. Early market entry, limited data available. Competitors include Plug Power (PLUG) and Linde (LIN).
Market Dynamics
Industry Overview
The trucking industry is undergoing a significant shift towards electrification and alternative fuels, driven by environmental concerns and regulatory pressures. The market is competitive and rapidly evolving.
Positioning
Nikola is positioned as an innovator in the zero-emission trucking space, but faces challenges in scaling production, building infrastructure, and establishing market share. It's a smaller player compared to established truck manufacturers.
Total Addressable Market (TAM)
The total addressable market (TAM) for zero-emission trucks is estimated to be in the hundreds of billions of dollars. Nikola is positioning itself to capture a portion of this TAM through its truck sales and hydrogen infrastructure, though facing competition from other large players.
Upturn SWOT Analysis
Strengths
- Focus on zero-emission technology
- Partnerships with established automotive suppliers
- Development of hydrogen fuel cell technology
Weaknesses
- Limited production capacity
- High cash burn rate
- Dependence on external funding
- History of controversy and executive turnover
Opportunities
- Government incentives for zero-emission vehicles
- Growing demand for sustainable transportation solutions
- Expansion of hydrogen infrastructure
- Advancements in battery and fuel cell technology
Threats
- Intense competition from established truck manufacturers
- Supply chain disruptions
- Fluctuations in hydrogen fuel prices
- Regulatory uncertainty
- Economic downturn
Competitors and Market Share
Key Competitors
- TSLA
- PCAR
- HYMTF
- WKHS
Competitive Landscape
Nikola faces intense competition from established truck manufacturers with greater resources and production capabilities. Its success depends on its ability to execute its strategy and differentiate itself through its technology and hydrogen infrastructure.
Major Acquisitions
Romeo Power
- Year: 2022
- Acquisition Price (USD millions): 144
- Strategic Rationale: Vertical integration of battery pack production to reduce costs and secure battery supply for electric trucks.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been limited due to delays in production and infrastructure development.
Future Projections: Analyst projections vary widely, but generally anticipate significant revenue growth as production scales up and hydrogen infrastructure is deployed. However, profitability remains a key uncertainty.
Recent Initiatives: Recent initiatives include focusing on the production and delivery of its Tre BEV and FCEV trucks, expanding its hydrogen infrastructure, and securing partnerships with fleet operators and energy companies.
Summary
Nikola is a company with a bold vision in the zero-emission trucking space, but it faces significant execution risks and intense competition. While its technology and hydrogen infrastructure plans offer potential, it needs to demonstrate successful production scaling and cost management. Financial stability remains a key concern. Investors should closely monitor progress on production goals, infrastructure development, and cash burn rate.
Similar Companies
BLDP
Ballard Power Systems Inc
BLDP
Ballard Power Systems Inc
FCEL
FuelCell Energy Inc
FCEL
FuelCell Energy Inc
PLUG
Plug Power Inc
PLUG
Plug Power Inc
TSLA
Tesla Inc
TSLA
Tesla Inc
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Investor Presentations
- Press Releases
- Analyst Reports
- Industry Publications
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Investment decisions should be made based on individual research and consultation with a qualified financial advisor. Market share and financial data are estimates and subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Nikola Corp
Exchange NASDAQ | Headquaters Phoenix, AZ, United States | ||
IPO Launch date 2018-06-11 | President, CEO, Principal Financial & Accounting Officer and Director Mr. Stephen J. Girsky | ||
Sector Industrials | Industry Farm & Heavy Construction Machinery | Full time employees 870 | Website https://www.nikolamotor.com |
Full time employees 870 | Website https://www.nikolamotor.com | ||
Nikola Corporation operates as a technology innovator and integrator that develops energy and transportation solutions in the United States and internationally. The company operates in truck and energy units. It commercializes battery electric vehicles (BEV) and hydrogen fuel cell electric vehicles (FCEV) to the trucking sector. In addition, it develops a network of hydrogen fueling stations; and offers BEV charging solutions for its FCEV and BEV customers, as well as other third-party customers. Further, its products include Nikola Tre Class 8 truck and the Nikola's Class 8 FCEV. Additionally, the company assembles, integrates, and commissions its vehicles in collaboration with its business partners and suppliers. Nikola Corporation founded in 2015 and is headquartered in Phoenix, Arizona. On February 19, 2025, Nikola Corporation, along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.
Upturn is now on iOS and Android!
Experience Upturn on your mobile. Install it now!
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.