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Why Nikola Stock Is Up 10% Today

TheMotleyFool

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Shares in Nikola (NASDAQ: NKLA) were up as much as 10% today, and remained 9% above Wednesday's closing price as of 2 p.m. EST.

Many names in the renewable energy sector jumped yesterday after the Democrats took effective control of the Senate, but Nikola stock didn't really participate, with just a 1% gain.

Much of Nikola's promise lies in the build-out of a hydrogen fueling infrastructure. President-elect Biden has been outspoken in his support of renewable energy, and yesterday's Democratic sweep of the two Georgia Senate seats now gives that agenda more likelihood of success.

Source Fool.com

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