Breaking News
felene vodka
Home / Market News / Nikola’s Q3 results ‘uneventful,’ and some clarity still needed: Deutsche Bank

Nikola’s Q3 results ‘uneventful,’ and some clarity still needed: Deutsche Bank

Posted by: Market Watch in Market News November 10, 2020

Nikola Corp.’s third-quarter results were “uneventful” and likely did little to change investor sentiment toward the stock “until there is clarity on critically needed partnerships,” including one with General Motors Co. on fuel cells and batteries, analysts at Deutsche Bank said in a note Tuesday. “The uncertainty around the partnerships and the technical factors continue to keep us on the sidelines,” the analysts said, keeping their hold rating on the stock. “We do believe Nikola could offer investors a rare pure way to invest in zero-emission commercial trucks, whose adoption is poised to take off, driven by global regulations.” Nikola late Monday reported a narrower-than-expected third-quarter loss and said its talks with General Motors Co. are continuing. Nikola shares have gained more than 78% so far this year, compared with gains around 10% for the S&P 500. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Read Full Story

Latest posts by Market Watch (see all)
Risk Disclaimer - By using this web site you agree to its terms and conditions. All materials, including but not limited to articles, directories, photos, lists, etc., on this website are the sole property of ForexTV or the respective copyright holders and are intended for informational/educational purposes using hypothetical and sometimes anecdotal illustrations. The unauthorized use of any and all materials is prohibited and restricted by copyright law. Any use of materials on this site must be approved in advance by ForexTV. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Forex (or FX or off-exchange foreign currency futures and options) trading involves substantial risk of loss and is not suitable for every investor. The value of currencies may fluctuate and investors may lose all or more than their original investments. Risks also include, but are not limited to, the potential for changing political and/or economic conditions that may substantially affect the price and/or liquidity of a currency. The impact of seasonal and geopolitical events is already factored into market prices. The leveraged nature of FX trading means that any market movement will have an equally proportional effect on your deposited funds and such may work against you as well as for you. Past results are no indication of future performance. Information contained this web site is intended for informational purposes only and was obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted.

© Copyright ForexTV 2021, All Rights Reserved.