Why Shares of Nikola Are Up Today

Shares of Nikola (NASDAQ: NKLA) climbed 8% higher on Monday morning following some positive commentary on the company from analysts at J.P. Morgan. The year is ending on a sour note for Nikola, but some on Wall Street expect a more positive news flow surrounding the company in 2021.

Nikola packed a lot into 2020. The electric truck start-up made a well-received public debut early in the year, but the stock has collapsed in recent months on accusations it overhyped its products and following the resignation of founder and former executive chairman Trevor Milton.

Image source: Nikola.

Source Fool.com