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