Why Nikola Stock Is Hauling Higher Today
Shares of electric-heavy-truck start-up Nikola (NASDAQ: NKLA) were surging on Monday morning, after the company announced that it had received an order for electric garbage trucks from waste-hauling giant Republic Services (NYSE: RSG). As of 11:15 a.m. EDT, Nikola's shares were up about 12% from Friday's closing price. Nikola said in a statement that Republic Services has agreed to purchase at least 2,500 battery-electric garbage trucks, with an option to increase the order to 5,000 trucks in time.
