Fisker (FSR)

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3 EV Stocks to Dump Before They Drive Off a Cliff
InvestorPlace· 2024-02-02 11:40
As vehicle electrification continues to fall out of favor as a popular investing trend, it’s well worth figuring out what are the top EV stocks to avoid. Even if EV proliferation is set to continue, and the industry is well-positioned to experience a resurgence in growth once interest rates come back down, it’s questionable whether all names in the space are poised to make a comeback.U.S. market leaders like Tesla (NASDAQ:TSLA) could stage one via the launch of new, lower-priced vehicle models. Smaller Amer ...
Why Investors Should Avoid These 3 Struggling EV Stocks
InvestorPlace· 2024-02-01 05:34
As the bull market charges ahead, savvy investors are effectively optimizing their portfolios, making it imperative to scrutinize the electric vehicle (EV) sector, once hailed as a paragon of portfolio growth. Currently, the industry is navigating through a tempestuous phase, branding certain struggling EV stocks as remarkably unattractive.EV pioneer and industry leader Tesla (NASDAQ:TSLA), previously the vanguard of the sector, is marking its most abysmal start to a year, a sentiment resonating industry-wi ...
Why Fisker Stock Suddenly Dropped 6% on Wednesday
The Motley Fool· 2024-01-31 18:11
Shares of Fisker (FSR -4.46%), the Californian electric car maker that builds its EVs in Austria, tumbled 6.2% through noon ET on Wednesday.To figure out why, just look at what's happening right next door to Fisker's manufacturing plant, in Germany.Car sales in America and GermanyFisker is not a large EV company -- yet. In all of 2023, the company says it sold only about 4,700 units of its Fisker Ocean electric SUV around the world. But already, the company is selling in at least a dozen countries: Austria, ...
Fisker Welcomes Dealers From Across North America to Its First Open House and Signs First US Dealer Partner
Businesswire· 2024-01-31 11:30
Fisker Inc., driven by a mission to create the world’s most emotional and sustainable electric vehicles, welcomed dealers who traveled from across North America to the company’s Manhattan Beach, CA headquarters on Tuesday, January 30, for the company’s first Open House. On January 4, 2024, Fisker announced that it would engage in a strategic shift from direct sales to customers in North America to an innovative Dealer Partnership model. The model combines the goal of offering its customers no-haggle pricing ...
Is Fisker (FSR) Stock the Next Tesla? Or the Next Mullen?
InvestorPlace· 2024-01-30 18:50
Shares of electric vehicle startup Fisker (NYSE:FSR) surged 20% last week after the firm revealed it had refinanced $185.5 million of convertible debt. One-third of the company’s liabilities disappeared overnight after its primary backer agreed to convert the debt into 159 million new equity shares.This comes as welcome news to fans of the firm. Convertible debt is often known as “death spiral financing” since declining share prices can trigger a self-fulfilling cycle of even lower prices. And Wednesday’s n ...
Here's why Investors Are Suddenly Thrilled About Fisker Stock
The Motley Fool· 2024-01-30 00:02
Before the stock market opened for trading on Monday, it's safe to say few investors or pundits believed struggling electric vehicle (EV) maker Fisker (FSR 13.55%) would have a banner day. Yet that's exactly what happened; the company's share price vaulted nearly 14% higher on Monday to put it within striking distance of the psychologically important $1 per-share level.Much of this had to do with Fisker's latest news about its sales efforts, while bargain-hunting throughout the EV sector also played a role. ...
Why Are EV Stocks Up Today?
InvestorPlace· 2024-01-29 20:30
Today’s been a rather notable one for a range of electric vehicle (EV) stocks. Notably, U.S. EV leader Tesla (NASDAQ:TSLA) has surged in today’s session and could see its biggest upside day of the year. This follows a string of daily losses investors have been bemoaning to kick off 2024. That said, other smaller-cap EV names are also seeing impressive upside today, spurring investor interest in the sector once again. Lucid Motors (NASDAQ:LCID), Nikola (NASDAQ:NKLA) and Fisker (NYSE:FSR) are among the EV sto ...
FSR Stock Alert: Fisker Doubles Down on Dealership Strategy
InvestorPlace· 2024-01-29 20:04
Fisker (NYSE:FSR) stock is in the green after the electric vehicle (EV) company announced that it would host a dealer open house at its Manhattan Beach headquarters on Jan. 30 in order to advance its dealership partner model. Fisker currently has over 120 dealers in the U.S. and Europe that have expressed interest in its new dealer partnership strategy and expects to announce dealer commitments soon. That’s up from over 100 dealers as of Jan. 23. The company has already signed its first European dealer afte ...
Why Fisker Stock Shot Higher Today
The Motley Fool· 2024-01-29 17:54
Electric vehicle (EV) maker Fisker (FSR 8.42%) has been putting a large effort into promoting its new sales strategy as it shifts to a dealer network model. Investors seem to be buying into the plan, too.Today, after Fisker announced it will host a dealer open house tomorrow, shares surged as much as 17.5%. As of 12:15 p.m. ET, the stock was still holding on to a gain of 7.7%.Focusing on cash flowFisker says it now has more than 120 dealers in North America and Europe interested in partnering with the EV st ...
Where Will Fisker's Stock Price Be in 2 Years?
The Motley Fool· 2024-01-29 15:50
Fool.com contributor Parkev Tatevosian lets you know where he thinks Fisker's (FSR 11.51%) stock price will be in 2025. *Stock prices used were the afternoon prices of Jan. 26, 2024. The video was published on Jan. 28, 2024. ...