Why Shares of Nikola Raced Higher on Thursday

With the close of yesterday's trading session, Nikola's (NASDAQ: NKLA) stock had fallen nearly 4% through the week. Investors, however, are taking a U-turn today, choosing to hitch a ride with the manufacturer of hydrogen fuel cell-powered trucks as the company announced a partnership with TC Energy (NYSE: TRP) to develop hydrogen production facilities.

As of 10:45 a.m. EDT, shares of Nikola are up 5.9%, having slightly retreated from their 7.5% gain earlier in the day.

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Source Fool.com