Fisker scales back production to divert cash for working capital
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Evercore ISI downgrades Fisker (FSR) to In-Line
December 4, 2023 8:28 AM ESTEvercore downgraded Fisler Inc. (NYSE: FSR) to an In-Line rating (from Outperform) with a 12-month price target or $2.00 on the stock after the electric auto maker reduced their production forecasts from 13-17K units down to 10k units.
Evercore analysts believe that Fiskers upcoming... More
Fisker (FSR) releases business update, prioritizing deliveries and advancing partnership discussions
December 1, 2023 8:59 AM ESTFisker Inc. (NYSE: FSR) announced Friday that the electric car maker has implemented a new strategy aimed at optimizing deliveries in the US and Europe, overcoming early logistics hurdles and sustaining an increasing pace of deliveries.
On Thursday, Nov. 30, Fisker had 123 vehicles either delivered or in transit to customers.
Our teams have worked hard to overcome some early delivery challenges and are now setting an impressive pace as we prepare to close out 2023, said CEO Henrik Fisker.
This is yielding considerable revenue as we ramp up our business. I... More
