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Sept. 2, 2021, 8:29 a.m. EDT

Nikola's stock rallies after fuel-cell manufacturing agreements with Bosch

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By Tomi Kilgore

Shares of Nikola Corp. /zigman2/quotes/208704275/composite NKLA -1.88% ran up 4.6% in premarket trading Thursday, after the electric commercial truck maker announced agreements with the Germany-based Bosch Group of companies for Nikola Class 7 and Class 8 fuel-cell electric vehicles (FCEVs). As part of the agreements, Bosch will supply fuel-cell power modules and components for Nikola to assemble at its facility in Coolidge, Arizona. Nikola plans to expand the Coolidge facility by 50,000 square feet and add up to 50 jobs by 2023. Nikola expects to begin road testing of its Tre FCEV by the end of 2021. Nikola's stock has tumbled 41.3% over the past three months through Wednesday, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -2.27% has gained 7.5%.

/zigman2/quotes/208704275/composite
US : U.S.: Nasdaq
$ 10.46
-0.20 -1.88%
Volume: 7.51M
Nov. 26, 2021 1:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$4.26 billion
Rev. per Employee
$211.11
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/zigman2/quotes/210599714/realtime
US : S&P US
4,594.62
-106.84 -2.27%
Volume: 2.10B
Nov. 26, 2021 2:12p
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