Over 1 Year Ago
2 Min Read

NKLA is up 5%. Find out why the stock hopped up today.

 Nikola Corporation (NKLA) is trading 5% higher at $5.3 today. While the Industrials sector is having a glum day in general, the company is outpacing it's peers.

- Nikola has been upgraded from a Hold to a Buy by BTIG
- Analyst Gregory Lewis sees a major upside in the stock, with a $12 price target
- Lewis expects concerns about energy security and rising commodity prices to help boost the adoption of hydrogen
- The Inflation Reduction Act and high natural gas prices in the U.S. should help the maker of hydrogen fuel cell-powered trucks
- The trial of former Nikola CEO Trevor Milton began this week in Manhattan, on charges of misleading investors and defrauding a Utah Ranch owner

Nikola Corporation has been trading between a 52-week high of $15.56 and a 52-week low of $4.42. The stock has a market cap of $2.3 Billion.

Nikola Corporation is globally transforming the transportation industry. As a designer and manufacturer of zero-emission battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen station infrastructure, Nikola is driven to revolutionize the economic and environmental impact of commerce as it is known today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona.

As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

derprondo - 10 upvotes - source
I don't know all of them, but here they are by quadrant. Respond if you know one of the unknowns and I'll update. These will be in the following order within each quadrant: 1 2 3 4 Top left quadrant: * Elizabeth Holmes - The CEO of Theranos * Simon Leviev - The Tinder Swindler * Andrew Tate - Some douche * Do Kwon - Luna craptoe Top right Quadrant: * Adam Neumann - WeWork * Billy McFarland - Fyre Festival guy * Anna Sorokin - Aka Anna Delvy (Netflix "Inventing Anna") * If you don't know just GTFO Lower Left: * Trevor Milton - Former CEO of NKLA * Unknown * Harvey Weinstein * Bernie Madoff Lower Right: * Unknown * Unknown * Unknown * Unknown

plasticbots - 1 upvotes - source
nkla 5p 10/21

VisualMod - 1 upvotes - source
>Nikola rises as BTIG upgrades to 'buy' on accelerating hydrogen adoption $NKLA ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-09-14 ^06:04:11 ^EDT-0400

Raii-v2 - 0 upvotes - source
We still investing in NKLA? I hear they’re coming out with a new concept! CALLS?