Fisker To Sell Emission Credits To 'Major' Automaker Ahead Of 1st US Delivery
Portfolio Pulse from Anan Ashraf
Fisker Inc (NYSE:FSR) has agreed to sell emission credits to a major automaker ahead of its first US delivery of the all-electric Fisker Ocean SUV in June. The company expects to generate the maximum allowable emission credits per vehicle, helping other automakers avoid non-compliance penalties.
June 07, 2023 | 11:32 am
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Fisker Inc (NYSE:FSR) will sell emission credits to a major automaker, potentially generating additional revenue ahead of its first US delivery of the all-electric Fisker Ocean SUV in June.
The sale of emission credits to a major automaker will generate additional revenue for Fisker Inc (NYSE:FSR) and help other automakers avoid non-compliance penalties. This news is likely to have a positive short-term impact on FSR's stock price as it demonstrates the company's ability to capitalize on its emission credits and generate revenue ahead of its first US delivery of the all-electric Fisker Ocean SUV.
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