Nikola's stock rallies after lease agreement with PGT Trucking on 100 FCEVs

Shares of Nikola Corp. NKLA, -0.09% rallied 3.4% successful premarket trading Thursday, aft the electrical motortruck shaper announced a collaboration statement with PGT Trucking Inc. that includes the leasing of 100 Nikola Tre heavy-duty substance compartment electrical vehicles (FCEV). The lease with PGT, a flatbed proscription company, includes scheduled attraction and hydrogen fueling services. Deliveries of the FCEV to PGT are expected to statesman successful 2023, which is erstwhile accumulation is expected to commence astatine Nikola's Coolidge, Arizona facility. Nikola's banal has slumped 25.6% twelvemonth to day done Wednesday, portion the S&P 500 SPX, +0.30% has gained 16.2%.