Fisker Stock Plunges On Report The EV Manufacturer Is On Brink Of Bankruptcy
Portfolio Pulse from Erica Kollmann
Fisker Inc. (NYSE:FSR) shares dropped after hours following a Wall Street Journal report about the company's potential bankruptcy filing. The company, facing over $1 billion in debt and significant losses, has hired restructuring advisers. This news comes after a recent negative review of Fisker's Ocean SUV by tech YouTuber Marques Brownlee and a 15% workforce reduction.
March 13, 2024 | 9:06 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Fisker Inc. shares plummeted after a report suggested it's preparing for a possible bankruptcy filing, amid financial difficulties and negative product reviews.
The news of a potential bankruptcy filing, coupled with the company's existing financial struggles, significant debt, and recent negative publicity from a prominent tech reviewer, is likely to erode investor confidence and drive the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100