Shares of electric car manufacturing hopeful Fisker (FSR -5.54%) tumbled 4.5% through 11:50 a.m. ET this morning, erasing much of the gains won on Monday after Fisker announced a deal to convert about $185 million of its half-billion-dollar debt load into equity -- lowering its interest costs in the process.Investors liked that news, bidding Fisker stock up nearly 18% on Monday. They're less happy with today's news, though: British banker Barclays just cut its price target on Fisker stock by 75%.Barclays ba ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

After an explosive Monday, Fisker (FSR -2.48%) stock rose even higher Tuesday morning, surging 10.8% within minutes of the market's opening. After announcing a new agreement with an institutional investor yesterday that could free up some cash for the electric vehicle (EV) maker, Fisker is trying harder to reinstate investors' faith with an important business update today.Fisker has reduced debt and expects to boost cash flowsFisker started delivering its Ocean SUVs in mid-2023 but has struggled to scale up ...

Fisker (NYSE:FSR) stock resisted the downtrend in electric vehicle (EV) stocks, promising to deliver its unsold 2023 inventory by the end of the first quarter. The move will free up about $290 million. The cash can come in because an institutional investor waived previous claims concerning the delivery of its September 10Q report and the company’s cash balances.But this isn’t Tesla (NASDAQ:TSLA). A gain of 17% on Jan. 22 and a further 12% gain in overnight trading brought Fisker’s stock price to $1.04 per s ...

Fisker Inc. provided an update on recent business activities. The recently announced Dealership Partner model is gaining momentum; over 100 dealers in the United States, Canada, and Europe have expressed interest in becoming a Fisker Dealer partner. The company will host a dealer event at its headquarters the week of January 29. Based on a combination of direct sales and the new dealer initiative, Fisker expects to sell all its remaining 2023 vehicles before the end of the first quarter. A delivery update w ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Shareholders of electric-vehicle (EV) maker Fisker (FSR 10.97%) haven't had much to smile about in recent months. The company has experienced numerous headwinds since it began producing and delivering its first vehicle, the fully electric Ocean SUV.The company has changed its sales and distribution model due to high costs and delivery issues from its contractor's manufacturing facility in Europe. It also recently acknowledged a National Highway Traffic Safety Administration (NHTSA) scrutinization of braking ...

Fisker (NYSE:FSR) stock is surging higher after the company announced that it had enacted an amendment and waiver agreement with an institutional investor that owns its 0% senior secured convertible notes due in 2025. On July 10, the two parties agreed to enter into a Securities Purchase Agreement in which the investor would purchase $510 million of convertible notes, which is a form of debt. The first change stipulates that, if Fisker decides to collaborate with a strategic original equipment manufacturer ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Fisker (FSR 23.29%) stock is going parabolic today. Shares of the stock were up 34% as of 9:45 a.m. ET Friday and had shot up a jaw-dropping 40.5% at its highest point in trading as of this writing. The electric vehicle (EV) start-up is struggling to ramp up production and deliveries and is running short of cash. This morning though, an update from Fisker has lifted investors' hopes of a potential turnaround in the fortunes of the EV stock.Fisker may have saved itself some troubleIn a regulatory filing, Fis ...