Why EV Manufacturer Fisker Shares Are Rising Today
Portfolio Pulse from Nabaparna Bhattacharya
Fisker Inc. (NYSE:FSR) shares are up after a positive December 2023 business update. The company reported a 300% increase in deliveries from Q3 to Q4, with total deliveries around 4,700, primarily of the Fisker Ocean One launch edition. Fisker produced 10,142 Fisker Oceans in 2023 and began customer deliveries in June, with significant numbers in September and October. The company has expanded to 12 markets, opened four flagship Lounges, and plans to announce a sales and delivery acceleration plan in January 2024. Fisker will also increase test-drive events, which have boosted sales. Shares rose 10.6% to $1.67 in premarket trading.
December 29, 2023 | 1:53 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Fisker Inc. shares are rising due to a positive business update showing significant growth in vehicle deliveries and expansion plans.
The substantial increase in deliveries and the announcement of future plans for sales and delivery acceleration are strong indicators of growth, which typically have a positive impact on investor sentiment and stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100