What's Going On With Nikola Shares?

Nikola Corporation NKLA shares are trading higher Thursday. The company will report its second-quarter financial results on Friday before markets open.

What To Know:

NKLA shares are up nearly 65% in the last five days and are moving higher on above-average trading volume, according to Benzinga Pro.

Nikola announced on Wednesday, via the HYLA brand, that it has surpassed 200 sales orders for the Class 8 Nikola hydrogen fuel cell electric vehicles. The 202 sales orders for the heavy-duty EV trucks represent 18 end customers.

Nikola will report its second-quarter financial results on Friday before the markets open and will hold a conference call to discuss the results at 10:30 a.m. ET the same day. The company is expected to report a loss of 22 cents per share and revenue of $15.43 million, according to estimates from Benzinga Pro.

Nikola also has a shareholder meeting Thursday. The company will hold a vote to approve a proposal to increase the number of authorized shares of its common stock. 

Check This Out: Nikola Has 2 Key Events This Week: Here's A Roadmap For EV Investors To Navigate The Days Ahead

NKLA Price Action: According to Benzinga Pro, Nikola shares are trading 14.1% higher at $3.45 at the time of publication.

Image: Courtesy of Nikola Corporation