Why Is Nikola's Stock Trading Higher Again Today?

Nikola Corporation NKLA shares are trading higher after the company reported better-than-expected EPS results.

Nikola reported first quarter adjusted earnings per share results of $(0.14), which beat the $(0.27) analyst estimate.

Nikola Corporation designs and manufactures battery electric and hydrogen-electric vehicles. It operates in two business units, truck and energy.

Nikola's stock was trading 9.1% higher at $11.07 at the time of publication. The stock has a 52-week high of $93.99 and a 52-week low of $9.37.