EV Stocks Mixed in Morning Trading; Nikola Gained 5% While Canoo Fell Over 6%

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EV Stocks Mixed in Morning Trading; Nikola Gained 5% While Canoo Fell Over 6%

Tiger Newspress2023-08-07

EV stocks mixed in morning trading; Nikola Corporation gained 5% while Canoo Inc. fell over 6%.

D. A. Davidson analyst Michael Shlisky wrote Monday that the second quarter report contained “healthy servings of good and bad news.” The cash needed to build the business is falling. That’s a positive. Demand for Nikola’s hydrogen fuel cell-powered heavy-duty truck remains strong. That’s another positive. But full-year sales guidance was reduced and the company named a new CEO.

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SherryVJ
·2023-08-07
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