Nikola Corporation (NKLA) Quote

What about Nikola? Nikola is already doing this.

Volvo to receive $208M to accelerate heavy-duty electric truck production
The funds will modify plants in Maryland, Pennsylvania and Virginia, where Mack and Volvo will produce new equipment or powertrain components.
Published July 18, 2024
https://www.truckingdive.com/news/volvo-funding-domestic-manufacturing-conversion-plants/721392/

Key quote:

Facilities will be upgraded and move toward mixed model assembly, allowing for scalability and flexibility, according to Pennsylvania Sen. Bob Casey. "The upgrades enable a novel manufacturing approach that will significantly increase the production capacity potential of battery electric vehicles (BEV)/fuel cell electric vehicles (FCEV),” a project summary said, noting how the changes will help improve BEV and FCEV production processes.

article July 25, 2024 : California will host a billion-dollar 'hydrogen hub.' What it means for our energy future (Los Angeles Times)

https://www.yahoo.com/news/california-host-billion-dollar-hydrogen-100030617.html

they have stated numerous times in earnings report Q&A tha they wil have 12 months cash on hand, so each quarter we expect a capital raise for the quarter a year ahead

Numbers match as well as they have a good handle on their cash needs (unlike some other stocks I follow!)

Limited pool of first-come, first-served incentives available.
https://www.nikolamotor.com/incentives

UP TO $288,000* PER TRUCK AVAILABLE
In California state incentives.

UP TO $385,000* PER TRUCK AVAILABLE
In Texas state incentives.


UP TO $185,000* PER TRUCK AVAILABLE
In New York state incentives.

From the article is NKLA the next FISKER

... Over the past 12 months Nikola posted a negative operating cash flow of nearly $432 million, with only $378 million in cash at the end of the first quarter ...

OK - while I wonder if that 378 cash is timed 100% to the 432 CASH loss (CASH FLOW) --- this does not seem as bad as i might have thought a year ago

NKLA is selling trucks ---- as a guess without looking it up --- say 100 Million. ADDED revenue over the next 12 months (at 400K a truck that is ONLY ? 125 trucks ??

if the cash (cash !!) burn continues at 432 over next 12 months then the 378 cash plus 100 million ADDDED new income puts cash in the green ---- by 46 million (say 30M is needed for this volume)

all from one set of numbers --- but using OLY 125 trucks over 12 months --- the math on 250 trucks is far better

all based on a ton of assumptions and unknowns - but cash burn (not GAAP loss) is not far from an achievable bridge with cash on hand and income for 12 months --- then ? is NKLA up to 500 trucks for next 12 months - 200 Million in income (nothing IMO stops one more capital raise but one more may do it)

It's a good video as it discusses more the use of eFuel engines like methane made from captured CO2 and hydrogen being used in. more traditional ICE engines, along with Hydrogen ICE engines etc. Not just the fuel cell use.

I am pretty sure Iveco use Bosch FC in their FCEV trucks as will others.

Bosch are definitely covering all avenues and many other parts of the hydrogen infrastructure especially the BOP metering/filtering etc

would love Bosch to have ADR shares or something to buy in the USA

did not watch - must run out

Bosch is GRRRREAT

question --- does IVECO use BOSCH as well ? I assume so

I can believe that some market push by NKLA IVECO with BOSCH as a non equity PARTNER (i.e. organic !!) could control the market for H trucks for years

yes

IMO that added dilution is priced in --- (although it will go down on the news)

if the ramp up of production and sales is fast enough ---- ??? -- that capital raise could well be the last until say 2027 when NKLA needs a SECOND factory to meet exploding demand and can raise capital at 90 or more a share

Repost from PLUG board, courtesy of B_B!

Pacific NW Hydrogen Hub Launched with 1st Round of Federal Funds
Hub to Focus on Production, Distribution of ‘Green’ Hydrogen Made from Water
Jul 24, 2024 | Robert Mullin
The Pacific Northwest Hydrogen Association said it secured the first slice of a $1 billion DOE grant to develop a network of clean hydrogen suppliers and consumers across the region.
https://www.rtoinsider.com/83930-pacific-nw-hydrogen-hub-launched-federal-funds/

July 23, 2024
LPO Announces Conditional Commitment to IRG Erie to Build Pennsylvania Mechanical Plastics Recycling Facility that Will Help Lower Steelmaking Emissions

July 18, 2024
LPO Announces Conditional Commitment to Clean Flexible Energy to Build Utility-Scale Solar Generation and Storage in Puerto Rico

July 9, 2024
LPO Announces Conditional Commitment to ENTEK Lithium Separators to Build Indiana EV Battery Separator Manufacturing Plant
https://www.energy.gov/lpo/listings/lpo-news

Taking advice from Motley Fool is like taking advice from Fox fiction. Its a fools game.

Breaking News: Monumental Movement Coming From California’s ARCHES Hydrogen Hub.

The Hydrogen Podcast
1.25K subscribers
Posted Jul 25, 2024

In episode 333, The Arches hub signs with the doe. What are the details, and what does this mean for the future of US hydrogen development? I'll go over this news and give my thoughts on today's hydrogen podcast.

Bosch: Turning All Trucks Into... Nikola Trucks?

ExpovistaTV
32.4K subscribers
Posted Jul 24, 2024

At CES 2024, Bosch outlined its vision of hydrogen as a key element in reducing carbon emissions and highlighted the partnership with Nikola to develop hydrogen fuel cell powertrains for heavier vehicles. At the ACT Expo, Bosch expanded its focus to accelerating the transition to zero emissions for existing diesel trucks, introducing innovative solutions like eFuels and renewable fuels. Here are Bosch's strategic efforts to create a sustainable future for the trucking industry.

"The company's cash burn is still a large concern for investors. Nikola exited the first quarter of 2024 with roughly $378 million in cash and cash equivalents, but it also has a negative operating cash flow of $431.8 million over the past 12 months. It's almost certain that Nikola will have to raise additional capital to keep its vision alive."

Source : https://www.fool.com/investing/2024/07/25/1-ev-stock-to-load-up-on-and-2-to-dump-on-the-stre/

Hub?

production ?

green ?

(and separately - I hope TOYOTA keeps pushing on their H efforts ---- learning more and advancing technology that NKLA may then adapt adopt license - who cares

I recognize "we" are still in the stage where ANY more locations for H is GRRREAT

but does this company make them or "bought 30 H trailers" ????

World's First $12.6 Billion Hydrogen Hub Is Officially Here.

Visceral Ace
9.44K subscribers
Posted Jul 23, 2024

In this video, I explain California's new clean hydrogen hub that just received funding to accelerate hydrogen adoption for cars, trucks and industrial use!

Recent Linkedin post.
https://www.linkedin.com/posts/chris-castiglione_we-are-solving-the-biggest-problem-in-the-activity-7221580723940392960-SlFI/

The following article mentions Nikola partner Plug Power (PLUG), but I believe the same also applies to NKLA.

Forget Nvidia: Prominent Billionaires Are Selling It and Piling Into 2 Hypergrowth Stocks That Have Little to Do With Artificial Intelligence (AI)
By Sean Williams – Jul 23, 2024
https://www.fool.com/investing/2024/07/23/forget-nvidia-billionaires-sell-buy-hypergrowth-ai/

DNU, agree, I believe you are correct.

If I recall correctly ?

Toyota was a bit late to unveil its EV cars as its focus was mostly on H

Toyota has caught up on EV (best I see) -- but I have always thought it loves H and will continue R and D and road testing on H

Repost from FCEL board, courtesy of Hoghead7.

Toyota And A Company Called Fuel Cell Energy Make A Case For Hydrogen
Capturing dangerous methane to make electricity and hydrogen makes the most sense.
BY MARK VAUGHN, PUBLISHED: MAY 07, 2024
https://www.autoweek.com/news/a60720918/toyota-and-fuel-cell-energy-make-case-for-hydrogen/

The Hydrogen Podcast Interview: Insights from OPW Clean Energy Solutions' Felipe Sperduti Machado

The Hydrogen Podcast
1.25K subscribers
Posted Jul 22, 2024

Join us on this episode of the Hydrogen Podcast as we delve into the future of hydrogen with Felipe Sperduti Machado, Senior Director of Hydrogen and Cryogenics at OPW Clean Energy Solutions. Felipe shares his extensive knowledge and experience in the hydrogen industry, discussing key accomplishments, challenges, and innovative solutions in hydrogen refueling and distribution.

Learn how OPW CES is paving the way for a cleaner energy future, and discover the exciting advancements in liquid hydrogen technology and infrastructure. Don't miss this insightful conversation that highlights the potential of hydrogen as a mainstream energy source and OPW CES's role in driving this transformation.

Key Moments:
0:00 - Introduction by Paul Rodden
1:08 - Felipe Sperduti Machado joins the podcast
1:20 - Felipe discusses his journey in the hydrogen industry
2:11 - Key accomplishments at OPW Clean Energy Solutions
2:58 - Overview of OPW CES and its mission
3:33 - Introduction to Acme Cryogenics and Rigo
4:37 - Challenges in liquid hydrogen distribution
6:03 - Addressing safety concerns in liquid hydrogen
7:20 - Importance of standardization in hydrogen refueling
9:13 - Technological advancements in hydrogen distribution
10:09 - Innovative solutions for liquid hydrogen refueling
11:50 - Enhancing capabilities with Acme Cryogenics and Rigo
12:43 - Ensuring reliability and efficiency in hydrogen infrastructure
14:00 - Success stories and significant impacts of OPW CES solutions
15:00 - Future trends and opportunities in heavy-duty transportation
15:54 - Preparing for the demands of a growing hydrogen economy
16:39 - Exciting collaborations and partnerships
17:27 - Key factors for hydrogen's success as a mainstream energy source
18:05 - Predictions for the hydrogen industry over the next decade
19:00 - Closing thoughts and where to find more information about OPW CES

Biden administration announces $4.3 billion in climate grants
By Valerie Volcovici
July 22, 2024
https://www.reuters.com/world/us/biden-administration-announces-43-billion-climate-grants-2024-07-22/

Key quote:
With the 2024 election looming and campaigning ramping up, the EPA and other federal agencies are scrambling to distribute grants earmarked by the 2022 Inflation Reduction Act. Former President Donald Trump and Republican lawmakers have eyed repeals of several IRA grant and loan programs.

Yup
I see this a few places --- each repeating sort of the same words

Hopefully today ? NIKOLA will do a news release with some specifics

(they may have been testing?)

Nikola Secures Talon Logistics as New Client for Hydrogen Fuel Cell Trucks

Hydrogen News
22.2K subscribers
Posted 13 hours ago

Repost from Stocktwits.

we ?
how many shares net long are you ?

and do you promise - cross your heart - to disappear when NKLA makes such announcement ?

Repost from PLUG board, courtesy of B_B!

California receives first $30m tranche of DOE hydrogen hub funding
By Charlie Currie on Jul 18, 2024

California has received the first $30m instalment of federal funding from the US Department of Energy (DOE) to develop its regional clean hydrogen hub (H2Hub).

Having been selected for a total of $1.2bn of H2Hub funding last October, the Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES) hub has signed a $12.6bn agreement with the DOE to build the hub.

Made up of the $1.2bn from the DOE, ARCHES said $11.4bn of public and private funding funds have been committed to build and expand clean energy infrastructure across the state.

Senior Advisor to Governor Gavin Newsom, Dee Dee Myers, said formally signing the DOE cooperative agreement was a “pivotal milestone” for the state’s drive to carbon neutrality.

“We are eager to put Californians to work building the future – a future powered by clean, renewable hydrogen that benefits all California’s residents,” she added.

One of the seven selected DOE H2Hubs, ARCHES plans to leverage California’s 16 green hydrogen projects, two blue hydrogen schemes, two existing hydrogen pipelines and vehicle refuelling infrastructure to establish 220,000 direct jobs.

https://www.h2-view.com/story/california-receives-first-30m-tranche-of-doe-hydrogen-hub-funding/2112503.article/

WTM - Aren't we supposed to be announcing NEW / BIG DEALS ?

It looks like the Growth Trend is heading in the WRONG Direction. Aren't some of these cancelled projects part of the National Hydrogen Hub System?

Not mentioned in the article, but FFI has shuttered their North American offices.

since "my phone" knows "I read NIKOLA" - today it gave me a short short article (likely new but forgot to check date)

that ?French Bank sold it NKLA shares

(although it had cleaned house and bought back before ----- and I wonder if they voted with management or against it)

Repost from PLUG board, courtesy of B_B!

Labor’s hydrogen dream stalls as Fortescue slims down H2 vision
Peter Ker and Angela Macdonald-Smith Jul 17, 2024

Fortescue will cut 700 jobs and slow its push into green hydrogen in a blow to the Albanese government’s plan to make Australia a hydrogen superpower supported by more than $8 billion of taxpayer-funded incentives.
Fortescue chairman Andrew Forrest said low carbon “green” hydrogen still had a bright future, but his immediate focus would shift to renewable electricity as he jettisoned a target for Fortescue to produce 15 million tonnes of green hydrogen by 2030.
…..
https://www.afr.com/companies/mining/fortescue-puts-hydrogen-on-backburner-with-700-jobs-cut-20240717-p5jufj

Reposts from Stocktwits.



There have been more sightings of a 4Gen Nikola FCEV truck by J.D. Son on the road. It looks like these sightings are becoming more frequent!#NKLA #HYLA #Fuelcell #EV #Hydrogen #H2 #follownone #CleanEnergy #ZeroEmission pic.twitter.com/zNyTm7TZaY— H2Now (@HydrogenH2Now) July 17, 2024

Our President of Energy, Ole Hoefelmann, recently caught up with @EdmontonGlobal! Catch a sneak peek below and stay tuned for the full interview.#FollowNone #NKLA https://t.co/fuGKfPKI26— Nikola Corporation (@nikolamotor) July 16, 2024

The Nasdaq is down 500 points!

What is going on with PPS?

$47 billion in charging infrastructure needed by 2040 as Canada pushes for greener trucks
July 5, 2024
https://www.trucknews.com/sustainability/47-billion-in-charging-infrastructure-needed-by-2040-as-canada-pushes-for-greener-trucks/1003186895/

The number of zero-emission medium- and heavy-duty vehicles (MHDVs) is projected to reach 414,000 by 2030 and 2.4 million by 2040 to meet the federal target of 100% zero-emission MHDVs by 2040, according to the study on the country’s EV charging infrastructure, recently released by Natural Resources Canada. While the adoption of zero-emission MHDVs in Canada is currently in its early stages, it is expected to grow rapidly over the next decade.

Public MHDV charging demand is expected to grow from nearly zero today to 41,000 ports by 2030, 120,000 by 2035, and 275,000 by 2040, the study reads, adding that battery EVs are expected to dominate the zero-emission MHDV market, with numbers reaching 414,000 in 2030 and 2.4 million by 2040.

. . .

Repost from Stocktwits board.

"all decisions now in hands of 9 People - lifetime appointments."

More like 6. The future of the USA in the hands of 6 unelected crooks in robes.

could not read all of it

yup

the court tossed out agency knowledge and expertise AND BIAS? and put their bias and knowledge and expertise on drugs and H and you name in its place (death for now of Chevron and hail the MQD all hail the SCOTUS Kings)

could help move the regulation to more blue H -- GRRREAT

but

could help kill it and manipulate it in many anti H ways too

all decisions now in hands of 9 People - lifetime appointments

Diesel demand drops while commercial EV, electric semi markets grow
Jul 15 2024
https://electrek.co/2024/07/15/diesel-demand-drops-while-commercial-ev-electric-semi-markets-grow/

OPINION | US hydrogen tax credits | Why a recent Supreme Court ruling is likely to have a 'chilling effect' on H2 investment
Time-consuming litigation is now inevitable, and the chances that hydrogen producers can overturn the much-criticised 45V regulations have significantly increased, write senior lawyers Barbara de Marigny and Jon D Feldhammer
16 July 2024
https://www.hydrogeninsight.com/analysis/opinion-us-hydrogen-tax-credits-why-a-recent-supreme-court-ruling-is-likely-to-have-a-chilling-effect-on-h2-investment/2-1-1678275

Posted 1 hr ago.

I think it makes a difference based on cash flow

The initial boost for a Biden election was logically related to the BIG cash and other incentives that followed. IMO that was real

However - looking back - too many start ups and (companies like the 100,000 brag) went up when there was no reach to profitability . So they fell -- other than some few

If Biden is re-elected - incentives to STOP using Diesel Trucks like we see in CA might become National
Money to companies like NKLS or maybe HYLA or a partner of NKLA may arrive

DJT will shut it all down --- even though right now we produce more oil per day/week than ever and will need less and less - regardless of who gets elected. Indeed - some oil company analysts fear that a DJT push on drilling will then hurt - big time - down stream if there is a gusher of exploration on decreasing demand for oil-gas

DNU, a great question, one that I've been tempted to post myself, but hesitated because I want to stay out of political issues. Many green energy (including hydrogen) stocks I invested in, experienced a tremendous boost when Biden was elected, but have since lost all the gains and are now actually significantly lower, some went bankrupt, others are on the verge. That's the reason why I'm not sure who would be better, or if it would make any difference at all.

Thank you

From their website --- further reason I am suspect about anything impactful for many years (bold is me if it works)

We are planning a national fueling network and local networks where the hydrogen comes to you. No worries about range or finding hydrogen, and all at an affordable price. When you sign up for a hydrogen fuel subscription, we will convert the semi or car you have and love to run on hydrogen at no up front cost. Sign up below for a reservation and we will contact you when our service is available in your area. Pricing for hydrogen is comparable to gas or diesel.

In your opinion

Is that good ?

It is lots of support for H but is it not mostly for clean/green H

(and I assume DJT would kill it all if he could)

DNU, the post was referring to the following quote:

"For a limited time, Odin is offering no out of pocket cost conversions when qualifying customers sign up for fuel subscription programs. With over 100,000 trucks already enrolled, you can learn more and make your reservation at www.odinenergygroup.com."
Source https://hydrogen-central.com/odin-energy-solutions-partners-with-locatorx-to-provide-real-time-visibility-for-its-new-hydrogen-fueling-network/

Definitely, it's companies/customers making projections, how long it's going to take to get there, I don't know.

Repost from PLUG board, courtesy of B_B!

US on Verge of Clean Hydrogen Boom as Dollars Flow
Jul 15, 2024
…..
A final ruling on the 45V guidance is expected by the third quarter of 2024.
…..
U.S. presidential elections in November present further political risk and Ben King, Associate Director with Rhodium Group’s Energy & Climate practice, says the Biden administration will be keen to see the guidelines adopted by federal authorities by “late summer at the absolute latest”.
…..
https://img03.en25.com/Web/FCBusinessIntelligenceLtd/%7B59e314b7-52b3-4220-aabf-01e473911ac0%7D_6590_Clean_Hydrogen_Whitepaper_V1.pdf

?
when
If ONLY NKLA is out there with sold H trucks - that is one hell of a goal for them ?

so I ask

is either company a listed company?

glad to see it but boy oh boy - it sounds like its many years away -- again 112 trucks are out there

Another post from PLUG board courtesy of B_B!

The Hydrogen Tax Credit Rules Are Effectively Dead
The “three pillars” are crumbling.
EMILY PONTECORVO JULY 15, 2024

Few aspects of Biden’s climate law have spurred more controversy than the “three pillars” — a set of rules proposed by the Treasury Department for how to claim a lucrative new tax credit for producing clean hydrogen. Now, it appears, the pillars may be poised to fall.
…..
But lately, the campaign to dismantle the pillars has gotten both more forceful and more threatening. There’s the politically challenging hurdle that leaders of another federally-funded hydrogen program — the regional clean hydrogen hubs — have spoken out against the rules, arguing they threaten investment in hub projects and therefore job creation and economic development around the country. Then there’s the recent Supreme Court decision to overturn the precedent known as Chevron deference, which weakened agencies’ ability to defend their own rules and thereby emboldens any aggrieved parties to sue the Treasury if it keeps the pillars in place. Last week, 13 Democratic Senators, 11 of whom hail from states involved in the hubs, sent a letter calling on Treasury Secretary Janet Yellen to dramatically revise the rules or risk having them challenged in court.
…..
“They're losing advantage over other parts of the world,” Hector Arreola, a principal analyst for hydrogen and emerging technologies at Wood Mackenzie told me. Momentum to develop hydrogen projects has started to shift back to Europe, which has already finalized its own definition of what constitutes clean hydrogen, he said.
…..
It’s hard to imagine a path forward for the Treasury to keep the three pillars intact. Last week’s letter outlined the current state of play in stark terms. “Without significant changes to the draft guidance,” it said, “one of the most powerful job creation and emission reduction tools in the IRA will likely be hamstrung by future court challenges, Congressional opposition, and unfulfilled private sector investment.”
…..
“People can always sue today to challenge regulations,” Keith Martin, a renewable energy tax lawyer at the firm Norton Rose Fulbright told me. “It's just that the odds of success have increased.” The Supreme Court’s ruling undermines regulatory agencies’ authority to interpret federal statute.
Another hydrogen company that has been fighting the three pillars, Plug Power, has already claimed victory: It put out a press release last month declaring that it anticipates receiving the tax credit, despite the fact that the rules are still not final and its projects would likely not qualify under Treasury’s proposal. The CEO, Andy Marsh, told a hydrogen trade publication that he’s “certain” the rules will be loosened. (Plug Power didn’t respond to a request for clarification by press time.)
…..
There’s also a realpolitik argument here that the industry might want this all to be over more than it wants to kill the three pillars. “The number one thing people want is business certainty,” Esposito told me. “I don't think people want this to drag on for another two years.”
https://heatmap.news/economy/hydrogen-tax-credit-rules

Repost from PLUG board, courtesy of B_B!

With over 100,000 trucks already enrolled

Odin Energy Solutions Partners with LocatorX to Provide Real-Time Visibility for Its New Hydrogen Fueling Network
July 15, 2024

Odin Energy Solutions Partners with LocatorX to Provide Real-Time Visibility for Its New Hydrogen Fueling Network.

LocatorX, the trusted supply chain intelligence provider, today announced an exclusive agreement with Odin Energy Solutions to ensure real-time visibility for all of Odin’s hydrogen fueling stations throughout North America. Odin, providing America’s Leading Energy Solutions, is building a North American hydrogen fueling network to bring easy access to hydrogen everywhere in the United States and Canada at a price point less than diesel solutions over lifetime.
…..
Odin’s hydrogen conversion program supports the company’s mission to ‘make it easy to convert to a beautiful, clean future.’ By signing up for hydrogen fuel subscriptions at a cost less than diesel, Odin will convert diesel trucks to hydrogen or subsidize purchase of new purpose-built hydrogen trucks at little or no cost to carriers and qualifying independent truckers.
…..
Steven Minard, CEO of Odin Energy Solutions, commented:
Hauling up to 25% more freight, cheaper operation and maintenance, no more DEF, no vapor lock, no issues with cold weather start – hydrogen is just better.
…..
For a limited time, Odin is offering no out of pocket cost conversions when qualifying customers sign up for fuel subscription programs. With over 100,000 trucks already enrolled,
…..
https://hydrogen-central.com/odin-energy-solutions-partners-with-locatorx-to-provide-real-time-visibility-for-its-new-hydrogen-fueling-network/