Fisker Expansion In Full Force, Taps New European Markets
Portfolio Pulse from Lekha Gupta
Fisker Inc (NYSE:FSR) has expanded into three new European markets - Belgium, the Netherlands, and Switzerland. The company plans to establish retail locations and service centers in these regions, with deliveries starting by the end of September. Fisker also released information on the Fisker Alaska pickup truck, which will be built in the U.S. and has an estimated base price of $45,400. The company reported Q2 FY23 sales of $825,000, missing the analyst consensus of $20.40 million, but beating the EPS loss estimate.
August 28, 2023 | 11:28 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Fisker's expansion into new European markets and the release of the Fisker Alaska pickup truck could potentially boost its revenues. However, the company's Q2 FY23 sales missed analyst consensus, which could negatively impact investor sentiment.
Fisker's expansion into new markets and the release of a new product could potentially increase its revenues and market share. However, the company's lower-than-expected Q2 FY23 sales could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100