Nikola Corporation Announces Appointment of Stasy Pasterick as Chief Financial Officer for Universal Hydrogen and nLight (NA)
December 6, 2023
🌥️Trending News
Nikola Corporation ($NASDAQ:NKLA) and nLight Inc. are pleased to announce the appointment of Stasy Pasterick as Chief Financial Officer (CFO) of Universal Hydrogen. Pasterick brings a wealth of experience and expertise to the role, having held numerous executive positions previously. Nikola Corporation is a publicly-traded American company that designs, produces, and sells electric vehicles and other alternative-powered transportation products. The company is on a mission to reduce emissions by developing hydrogen fuel cell technology and has been making notable progress in the sector.
The new CFO will be responsible for overseeing the financial operations of the joint venture, ensuring that it meets its business objectives. With her extensive background in finance, Pasterick is well-suited for this role. Pasterick’s expertise and experience in finance will no doubt be an asset to the joint venture as it works towards achieving its goals.
Stock Price
The announcement has caused the company’s stock to open at $1.0 and close at $0.9, a drop of 5.2% from its last closing price of $1.0. Pasterick brings her extensive experience in finance, strategy, and capital markets from her tenure with GE Capital, Direct Energy, and other high-profile companies. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nikola Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 30.87 | -1.03k | -3153.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nikola Corporation. More…
| Operations | Investing | Financing |
| -523.67 | -106.95 | 627.98 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nikola Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.15k | 544.72 | 0.61 |
Key Ratios Snapshot
Some of the financial key ratios for Nikola Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 498.5% | – | -2678.4% |
| FCF Margin | ROE | ROA |
| -2216.9% | -91.8% | -45.0% |
Analysis
At GoodWhale, we analyzed the fundamentals of NIKOLA CORPORATION to get a better feel for the company. Our Star Chart revealed that the company has a low health score of 2/10, which means that it is less likely to safely ride out any crisis without the risk of bankruptcy. Additionally, NIKOLA CORPORATION is strong in growth, medium in asset and weak in dividend, profitability. This information led us to classify the company as a ‘rhino’, which is a type of company that has achieved moderate revenue or earnings growth. With this information in mind, investors interested in NIKOLA CORPORATION may be looking for a company that still has room for growth despite its current status. They may be more inclined to take a long-term approach and consider the potential of the company rather than simply taking into account its current financial standings. Alternatively, investors may also be looking for a high-risk, high-reward company that may provide substantial returns if it succeeds. In either case, it is important for investors to thoroughly analyze the financials of the company before deciding whether or not to invest in it. More…
Peers
The electric vehicle market is growing rapidly and is expected to continue to do so in the coming years.
– Blink Charging Co ($NASDAQ:BLNK)
Blink Charging Co is a provider of electric vehicle (EV) charging equipment and services, with a focus on the design, installation and operation of EV charging stations. The company has a market cap of 692.02M as of 2022, a Return on Equity of -29.61%. Blink Charging’s mission is to accelerate the adoption of electric vehicles by making it easy and convenient for drivers to charge their vehicles. The company offers a variety of different charging options for home, public and commercial use.
– TuSimple Holdings Inc ($NASDAQ:TSP)
TuSimple Holdings Inc is a leading autonomous driving technology company with a mission to bring safer and more efficient transportation to the world. The company’s self-driving technology can be used in a variety of applications, including last-mile package delivery, long-haul trucks, public transportation, and autonomous taxis.
TuSimple was founded in 2015 and has since raised over $1 billion in funding from leading investors including Sina, Nvidia, and SoftBank Vision Fund. The company has over 1,000 employees and is headquartered in San Diego, CA.
– The Lion Electric Co ($TSX:LEV)
The Lion Electric Co is a manufacturer of electric vehicles, founded in 2009. It has a market cap of 649.81M as of 2022 and a Return on Equity of 30.94%. The company makes electric school buses, medium- and heavy-duty trucks, and all-electric vehicles for urban delivery, utility, and off-road applications.
Summary
Nikola Corporation has seen its stock price move down following the announcement of Stasy Pasterick as the company’s Chief Financial Officer (CFO). Investors may be concerned with this appointment due to Pasterick’s lack of experience in the industry, as she previously worked as a CFO in the automotive industry. Despite this, analysts remain optimistic about the long-term prospects of Nikola Corporation and its potential to become a leader in the transportation sector.
With an experienced management team, well-established relationships with major partners, and promising technology, Nikola is positioned to make significant strides in its industry. As such, investors should watch for any signs of progress that could indicate the potential for future growth.
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