Nikola rallies after disclosing quarterly record for hydrogen-powered Class 8 truck sales

Nikola Corporation (NASDAQ:NKLA) jumped in early trading after the company reported that it wholesaled 88 Class 8 Nikola hydrogen fuel cell electric trucks in Q3. The tally was noted to be firmly within the company’s truck sales guidance of between 80 and 100 fuel cell units for the quarter.

For the first three quarters of 2024, Nikola wholesaled 200 hydrogen fuel cell trucks, and 235 total since the truck went on sale in Q4 of last year.

“This is a record sales quarter for Nikola, with 88 hydrogen fuel cell electric trucks wholesaled to our dealers for end customers, as well as the addition of a first-ever U.S. dealer-based HYLA modular refueling station,” said Nikola CEO Steve Girsky.

“Despite overall market headwinds, Nikola remains focused on our mission to pioneer solutions for a zero-emission world, and we’re doing it one truck at a time.”

Shares of Nikola (NKLA) jumped 6.0% in premarket trading on Wednesday.