Shares of Nikola (NASDAQ: NKLA) soared by greater than 15% Thursday morning. The inventory acquired a lift from some company-specific information in addition to recent publicity for hydrogen as a transportation gas.As of 11:10 a.m. ET right now, Nikola inventory remained greater by 10.6%. That helped the share value exceed the $1 stage that’s essential for sustaining a inventory alternate itemizing.Hydrogen and the OlympicsYesterday, Nikola introduced plans for a brand new hydrogen fueling station from its HYLA power model to be inbuilt Western Canada. The brand new station would be the Province of Alberta’s first industrial hydrogen fueling station and the primary in what Nikola and its companions plan to be a fueling community to help the usage of hydrogen-fueled heavy vehicles.That follows an announcement final week marking the opening of the corporate’s first HYLA refueling station in Southern California. It started working final month with the power to gas as much as 40 Nikola hydrogen fuel-cell electrical vehicles day by day. The corporate plans to have a complete of 14 refueling stations in operation by the tip of the 12 months.The stations are obligatory infrastructure to help progress in gross sales of Nikola’s hydrogen-fueled Class 8 vehicles. However traders right now may be reacting extra to information that industrial gasoline firm Air Liquide will likely be showcasing hydrogen fueling stations on the Paris Olympics this summer time. Because the official supporter for hydrogen gas, the corporate is highlighting a community of stations capable of fill 500 hydrogen-powered automobiles on the Olympic Video games.Buyers possible see that help as an indication of legitimacy for Nikola and its plans to develop the usage of its hydrogen vehicles in North America. The corporate and its shareholders certainly welcome the high-profile use of hydrogen introduced by Air Liquide right now.Do you have to make investments $1,000 in Nikola proper now?Before you purchase inventory in Nikola, think about this:The Motley Idiot Inventory Advisor analyst crew simply recognized what they imagine are the 10 greatest shares for traders to purchase now… and Nikola wasn’t one among them. The ten shares that made the reduce might produce monster returns within the coming years.Story continuesStock Advisor offers traders with an easy-to-follow blueprint for fulfillment, together with steerage on constructing a portfolio, common updates from analysts, and two new inventory picks every month. The Inventory Advisor service has greater than tripled the return of S&P 500 since 2002*.See the ten shares*Inventory Advisor returns as of March 25, 2024Howard Smith has positions in Nikola. The Motley Idiot has no place in any of the shares talked about. The Motley Idiot has a disclosure coverage.Why Nikola Inventory Soared In the present day was initially revealed by The Motley Idiot