Long anticipated, Nikola Motors [Nasdaq: NKLA] finally goes public. In order to get a foot in the door early, the truck maker used a reverse merger. Investors acquired a public shell company, a special type of investment vehicle.
The surprising takeover of the Canadian competitor Hydrogenics will also have a positive impact on Ballard Power’s stock market valuation: Both companies have been frontrunners in FC development for many years. Their activities overlap in rail vehicles and trucks. They are both absolutely tops: Hydrogenics with Alstom and Ballard with CRRC and Siemens. Ballard also has many other activities in the major markets of the future, such as the use of fuel cells in drones.