What's Going On With Fisker Stock?
Portfolio Pulse from Adam Eckert
Fisker Inc (NYSE:FSR) has announced that it is increasing its production of the Fisker Ocean from around 180 units per day to approximately 300 units per day in Q4. The company has built 3,123 vehicles so far and expects U.S. deliveries to accelerate this month. Despite the production update, Fisker's shares are down more than 15% year-to-date.
September 07, 2023 | 2:04 pm
News sentiment analysis
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NEUTRAL IMPACT
Fisker Inc is increasing its production, which could potentially lead to increased revenues. However, the company's stock is currently down more than 15% year-to-date.
Fisker's decision to increase production could potentially lead to increased revenues, which would typically be a positive sign for investors. However, the company's stock is currently down more than 15% year-to-date, indicating that the market may not be responding positively to this news. This could be due to a variety of factors, including broader market trends or specific concerns about Fisker's business model or prospects.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100