Commercial batter EV maker, Nikola Corp (NASDAQ: NKLA) rose in morning trading at the time of writing on Monday after the company announced that the subsidiary of J.B. Hunt Transport Services (JBHT), J.B. Hunt Transport will purchase 13 Nikola zero-emission Class 8 trucks as the transportation company focuses on reducing its carbon emissions.
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The initial order will include 10 electric battery and three hydrogen fuel cell electric vehicles and delivery of the first vehicles is expected in August this year. These trucks will be located at facilities servicing J.B. Hunt’s key routes including in the greater Los Angeles and Phoenix areas. As a part of this deal, NKLA’s hydrogen arm, HYLA, will supply the hydrogen infrastructure.
Analysts are sidelined about NKLA stock with a Hold consensus rating based on one Buy and three Holds.