Nikola stock soaring more than 50% to highest in four months

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Nikola stock soaring more than 50% to highest in four months
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Shares of Nikola Corp. jumped 59% on Thursday on the heels of a hydrogen deal for the company’s trucks. The stock was poised to end at its highest since...

Shares of Nikola Corp.

jumped 59% on Thursday on the heels of a hydrogen deal for the company’s trucks. The stock was poised to end at its highest since March 3 and on pace for its largest one-day percentage increase since early June 2020. The EV maker earlier Thursday said it inked a deal with BayoTech Inc. in which BayoTech would buy up to 50 Nikola big-rig hydrogen fuel cell electric vehicles and Nikola would buy hydrogen from BayoTech’s Missouri and California hydrogen hubs.

jumped 59% on Thursday on the heels of a hydrogen deal for the company’s trucks. The stock was poised to end at its highest since March 3 and on pace for its largest one-day percentage increase since early June 2020. The EV maker earlier Thursday said it inked a deal with BayoTech Inc. in which BayoTech would buy up to 50 Nikola big-rig hydrogen fuel cell electric vehicles and Nikola would buy hydrogen from BayoTech’s Missouri and California hydrogen hubs.

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