Shares of electric truck maker Nikola (NASDAQ: NKLA) were up 8% as of noon EST Tuesday.
The stock has gained more than 20% since the start of the year.
So far in 2021, Nikola has started to turn around negative sentiment that led to a turbulent year for the stock in 2020. Some reported progress surrounding its new factory and battery-electric trucks has begun to give investors more confidence. Today, Plug Power (NASDAQ: PLUG) and French automaker Renault (OTC: RNSDF) announced a partnership in the hydrogen fuel cell sector that helps legitimize Nikola’s plans for utilizing that technology.