Fisker Stock Is Trading Higher Tuesday: What's Going On?
Portfolio Pulse from Adam Eckert
Fisker Inc's shares are trading higher after the company announced plans to ramp up deliveries to 300 vehicles per day in the U.S. and Europe. The company has so far delivered over 900 Fisker Ocean vehicles and manufactured 5,000. BofA Securities analyst John Murphy reinstated Fisker with a Buy rating and set a price target of $8.
September 26, 2023 | 12:41 pm
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POSITIVE IMPACT
Fisker's stock is trading higher due to the company's announcement of increased vehicle deliveries and a positive rating from BofA Securities.
The news of Fisker ramping up its vehicle deliveries indicates strong demand for its products, which is a positive sign for investors. Additionally, the Buy rating from BofA Securities further boosts investor confidence in the company, leading to a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100