reports
- TMT Team
- Mahaut Arnaud
- Paul de Froment
- Thomas Mordelle
Ebusco: successful EUR36m rights issue
Ebusco has announced the successful completion of its EUR36m rights issue. This capital increase will allow the company to fund operations in the context of its Turnaround Plan, improve its working capital and repay bank guarantee credit facility. A further new share issuance at the issue price of
- Mahaut Arnaud
- Paul de Froment
- Thomas Mordelle
Nikola Corp: challenging way forward
We take advantage of Nikola Corp's Q3 results last week to process a model update, reviewing our sales and margin assumptions from 2024 onwards. We have decreased our group revenue forecasts, adopting a more gradual industrial ramp-up over the 2024-2030 period. While we acknowledge the progress mad
- Mahaut Arnaud
- Paul de Froment
- Thomas Mordelle
Nikola Corp: good pace in Q2
Last Friday, Nikola Corp published H1 2024 numbers showing better than expected revenue at USD38.8m (+16% vs cons. at USD33.5m, BGe at USD47.2m) but a slightly higher than expected adjusted EBITDA loss of USD213.4m (+3% vs cons. at -USD207.1m). This came on the back of a good pace of deliveries in
- Mahaut Arnaud
- Paul de Froment
- Thomas Mordelle
Nikola Corp: Factoring in the reverse stock split
Yesterday, following unanimous approval of a 1:30 reverse stock split by the Board on June 13, Nikola Corp began trading on a post-reverse stock split basis. As a result of the reverse stock split, shareholders have been allotted with one new ordinary share with a par value of USD0.003 for every 30
- Paul de Froment
- Sebastián Marroquin Mérida
- Thomas Mordelle
Nikola Corp: The dual e-trucking arm
Following the publication of our industry note entitled "Electrifying the future of on-road HDVs", we initiate coverage of Nikola Corp with a Buy rating and a price target of USD1.0.Founded in 2015, Nikola is a pioneering American designer and manufacturer of ZE HDV class 8 trucks, leveraging both
- Paul de Froment
- Sebastián Marroquin Mérida
- Thomas Mordelle
Electrifying the future of on-road HDVs
Road transport accounts for about 75% of transport emissions worldwide and is responsible for around 21% of total emissions. More than a third is directly related to medium and heavy-duty vehicles (MHDV) i.e. buses and trucks, the bulk of which relates to freight.With major economies gradually alig
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