Why Fisker Stock Shot Higher Today
Fisker (US:FSR) The Motley Foolยท2024-01-29 17:54Electric 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 ...