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Oct. 14, 2021, 8:33 a.m. EDT

Nikola's stock rallies after lease agreement with PGT Trucking on 100 FCEVs

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By Tomi Kilgore

Shares of Nikola Corp. /zigman2/quotes/208704275/composite NKLA -0.10% rallied 3.4% in premarket trading Thursday, after the electric truck maker announced a collaboration agreement with PGT Trucking Inc. that includes the leasing of 100 Nikola Tre heavy-duty fuel cell electric vehicles (FCEV). The lease with PGT, a flatbed transportation company, includes scheduled maintenance and hydrogen fueling services. Deliveries of the FCEV to PGT are expected to begin in 2023, which is when production is expected to commence at Nikola's Coolidge, Arizona facility. Nikola's stock has slumped 25.6% year to date through Wednesday, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.90% has gained 16.2%.

/zigman2/quotes/208704275/composite
US : U.S.: Nasdaq
$ 10.22
-0.01 -0.10%
Volume: 15.21M
Nov. 30, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$4.16 billion
Rev. per Employee
$211.11
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/zigman2/quotes/210599714/realtime
US : S&P US
4,567.00
-88.27 -1.90%
Volume: 4.07B
Nov. 30, 2021 4:57p
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