Nikola’s Truck business unit develops and commercializes battery hydrogen-electric and battery-electric semi trucks to the trucking sector. The Energy business unit develops and constructs a network of hydrogen fueling stations, and it offers battery electric vehicle (BEV) charging solutions for its fuel cell electric vehicle and BEV customers, as well as other third-party customers. The company also assembles, integrates, and commissions its vehicles in collaboration with its business partners and suppliers.
Recently, Nikola said it received a Zero Emission Powertrain executive order from the California Air Resources Board for its truck. That means that the vehicle meets the emissions standards required for zero-emission powertrains to be sold in California.
BTIG Research has set a $12 target price, though the consensus target is down at $6.44. Nikola stock traded at $2.18 on Friday.
Peloton
This cycling and exercise platform was a huge pandemic winner but has been hammered this past year. Peloton Interactive Inc. (NASDAQ: PTON) operates interactive fitness platforms in North America and internationally. The company offers connected fitness products with touchscreens that stream live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread and Peloton Tread+ names.
The company also provides connected fitness subscriptions for various household users and access to various live and on-demand classes. Its Peloton Digital app for connected fitness subscribers provides access to its classes. As of June 30, 2022, it had approximately 6.9 million members. The company markets and sells its interactive fitness products directly through its retail showrooms and online.
Peloton announced a partnership with Dick’s Sporting Goods to sell its exercise bikes through the retail giant. Peloton’s exercise hardware (minus its new rowing machine) were to be available for sale at 100 Dick’s Sporting Goods locations in time for the holidays.
Peloton Interactive stock has a $14 target price at Bank of America Securities. The consensus target is $13.39, and shares traded on Friday at $8.65.
Snap
Shares of this once red-hot social media company have been absolutely destroyed and offer aggressive investors some huge upside potential. Snap Inc. (NYSE: SNAP) actually operates as a camera company in North America, Europe and elsewhere.
The company offers Snapchat, a camera application with various functionalities, such as Camera, Communication, Snap Map, Stories and Spotlight that enable people to communicate visually through short videos and images.
Snap also provides Spectacles, an eyewear product that connects with Snapchat and captures photos and video from a human perspective. Its advertising products include AR ads and Snap ads, comprised of a single image or video ads, story ads, collection ads, dynamic ads and commercials.
New Street just started coverage this week, and its $12 target tops the $11.63 consensus target. Snap stock traded at $9.25 on Friday.
These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. While not suited for all investors, they are not penny stocks with absolutely no track record or liquidity.
Originally published at 24/7 Wall St.
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