Written by Cláudio Afonso | LinkedIn | X
Nikola announced on Tuesday that will publish its financial results from the second quarter on August 9 followed by a conference call scheduled for 10:30 a.m. eastern time.
In the second quarter of the year, the company sold 72 units of its Class 8 Nikola hydrogen fuel cell truck with first half of 2024 sales reaching 112 units.
Starting August 1st, retail and institutional shareholders can submit and upvote questions on the Say platform, with the most popular ones being addressed by management during the conference call.
Fidelity’s Small Cap Index Fund has recently filed a new form revealing that it has increased its stake in Nikola by 16.50 percent after adding 1,038,350 shares in April.
Nikola shares surged 16.69 percent on Monday closing at $10.49 following the recently announced second quarter delivery numbers that beat analysts’ expectations. Based on Monday’s closing price, the present value of the Fidelity’s position in Nikola stands at $76.70 million.
As of today, the company has a total of 415 institutional shareholders holding 341,400,898 shares with the Vanguard Group and BlackRock Inc. being among the largest shareholders holding 80.2 million and 63.5 million shares, respectively.
Earlier this year, institutional ownership reached a new record high with institutions holding more than 450 million shares, according to data from Fintel.
Later this week, the company will host a hiring event at its factory in Coolidge, Arizona, as part of its expansion plans.
Nikola is also seeking more deals to supply its electric trucks. Wayfair is testing Nikola’s trucks in California, according to Anna Vinogradova, Head of Global Sustainability and ESG at Wayfair.
“Wayfair is piloting heavy-duty EV trucks with WattEV, Inc. in California. We’re testing these vehicles for more sustainable middle-mile deliveries and evaluating the operational impacts of switching from diesel to electric trucks,” Vinogradova said.
Last Thursday, Nikola announced that Walmart Canada has integrated the first Nikola hydrogen fuel cell electric semi-truck into its fleet. Walmart Canada is the first retail fleet in North America to operate a hydrogen fuel cell electric truck.
In a new interview for the “Future Says” podcast, Nikola’s Global Head of Supply Chain Management, Pedro Garcia, anticipated that additional safety regulations will be implemented, necessitating industry-wide compliance and adaptation.
Written by Cláudio Afonso | LinkedIn | X
