Nikola stock rises on additional grant for hydrogen infrastructure in California

Nikola Corp.

stock was up 7% in premarket action on Tuesday after the electric vehicle maker said it won an additional $16.3 million grant to support seven hydrogen refueling stations under its Hyla brand. Including the latest dollar boost, Nikola said it has now received $58.2 million in awards to build the hydrogen stations in California’s South Coast Air Quality Management District, the San Diego County Air Pollution Control District, and Mojave Desert Air Quality Management District.

stock was up 7% in premarket action on Tuesday after the electric vehicle maker said it won an additional $16.3 million grant to support seven hydrogen refueling stations under its Hyla brand. Including the latest dollar boost, Nikola said it has now received $58.2 million in awards to build the hydrogen stations in California’s South Coast Air Quality Management District, the San Diego County Air Pollution Control District, and Mojave Desert Air Quality Management District.

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