Nikola might fireplace off capital elevate in again of the yr
JPMorgan weighed in on Nikola Company (NASDAQ:NKLA) with the corporate’s earnings report approaching.
The agency thinks the quarter typically tracked to expectations and expects the prior full-year steerage issued for income, margins and shipments to be reiterated.
Analyst Invoice Peterson was warned a possible capital elevate within the again half of the yr could possibly be required to fund the corporate’s 2023 marketing strategy. The elevate is seen as mandatory in a crucial yr for NKLA because it appears to be like to construct scale in its BEV enterprise and launch its FCEV providing.
“Whereas we may