Nikola to buy battery supplier Romeo Power for $144 million
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/21/2026
- Wall St indexes advance with boost from chips, Iran optimism
- Intel soars after Trump says Apple agreed to work with chipmaker on US production
- Apple CEO warns price hikes 'unavoidable' as chip costs bite - WSJ
- Wall Street scrambles to lift Micron price targets ahead of earnings
- SanDisk and Micron surge as Apple confirms memory price pass-through
- Zelenskiy: best guarantee of Europe's future is fast-track EU membership for Ukraine
- Needham Starts NeoVolta (NEOV) at Buy
- Tesla acquires AI hardware company for up to $2 billion in stock
- Bel Fuse acquires dataMate ethernet business for $16 million
- Fed: Nine Of 18 FOMC Participants Pencil In 2026 Rate Hike
JPMorgan on Nikola Corp. (NKLA): 'there will likely be near-term margin headwinds from battery pack incentives paid to Romeo'
August 1, 2022 4:37 PM EDTJPMorgan analyst Paul Coster reiterated a Neutral rating and {REMOVEPT} price target on Nikola Corp. (NASDAQ: NKLA).
The analyst comments "Earlier today, Nikola announced plans to acquire Romeo Power (RMO, not covered) in a $144M all-stock deal. The transaction value implies a price of $0.74 per share, or a 34% premium to Romeos share... More
RBC Capital Offers the 'Industrial logic' on Nikola Corp. (NKLA) Buying Romeo (RMO)
August 1, 2022 12:40 PM EDTRBC Capital analyst Joseph Spak reiterated a Sector Perform rating and $8.00 price target on Nikola Corp. (NASDAQ: NKLA).
The analyst comments "Nikola is Romeo's largest production customer, so the transaction vertically integrates operations by bringing battery and BMS engineering capabilities and... More
