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2021-06-24

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Nikola rallies after disclosing hydrogen project investment

Nikola is up 5.43% in early trading to lead the electric vehicle manufacturing sector of 24 different names.Earlier in the day, the company disclosed a$50Minvestment in a clean hydrogen project in Indiana.Nikola says the investment is anticipated to give it a "significant hydrogen hub" with the ability to offtake approximately 50 tons a day. The hub is targeted to supply future dispensing stations within an approximate 300-mile radius.Nikola has a bit of a history of moving higher off hydrogen u

Nikola rallies after disclosing hydrogen project investment

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The hub is targeted to supply future dispensing stations within an approximate 300-mile radius.Nikola has a bit of a history of moving higher off hydrogen u","content":"<p>Nikola&nbsp;is&nbsp;up 5.43%&nbsp;in early trading to lead the electric vehicle manufacturing sector of 24 different names.</p>\n<p><img src=\"https://static.tigerbbs.com/2a29a0cee25d5f1febc6d57ac5cde1a7\" tg-width=\"658\" tg-height=\"440\"></p>\n<p>Earlier in the day, the company disclosed a$50Minvestment in a clean hydrogen project in Indiana.</p>\n<p>Nikola says the investment is anticipated to give it a \"significant hydrogen hub\" with the ability to offtake approximately 50 tons a day. The hub is targeted to supply future dispensing stations within an approximate 300-mile radius.</p>\n<p>Nikola has a bit of a history of moving higher off hydrogen updates and lower off production news. Shares of Nikola broke above $18 today for the first time in two weeks. 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