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Here's Why Nikola Stock Jumped Again Today

TheMotleyFool

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Here's Why Nikola Stock Jumped Again Today: https://g.foolcdn.com/editorial/images/742001/jb-hunt-nikola-zero-emission-trucks50-copy.png

Shares of electric heavy truck maker Nikola (NASDAQ: NKLA) continued their remarkable run today. The stock has rocketed higher by almost 300% since the end of May and jumped as much as another 15.4% this morning. The stock had settled back to a gain of 13.2% as of 10:15 a.m. ET.

Today's surge comes after the company announced an agreement with J.B. Hunt Transport for the sale of 13 Nikola electric trucks to the trucking company. With a market cap of more than $20 billion, J.B. Hunt is likely the largest company Nikola has announced as a customer to date. The order consists of 10 battery electric Class 8 trucks along with three hydrogen fuel cell-powered vehicles. Initial delivery is expected as soon as August.

Source Fool.com

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