#3 - Fisker (NYSE:FSR)
Fisker (NYSE:FSR) may be an example of buying the designer rather than the car. One of the reasons that Fisker generated excitement as it went public was the company’s founder, the visionary designer, Henrik Fisker.
The company is developing an electric SUV, the Ocean. The differentiating feature of Fisker’s offering will be that the Ocean will be made, in part, out of recycled materials from the ocean. And the company has 10,000 non-binding pre-orders.
Plus, the company has an agreement with Magna International (NYSE:MGA) to outsource the manufacturing of the Ocean. This may leave investors concerned about sacrificing some of the sustainable features that would make the car unique in the name of efficiency, but that’s a story for another day.
Investors will have to wait to see revenue. But that’s true for many of these EV stocks. However, the stock has come down by about 33% from its post-IPO surge making the shares far more attractive.
About Fisker
Fisker Inc develops, manufactures, markets, leases, or sells electric vehicles. It operates through three segments: The White Space, The Value Segment, and The Conservative Premium segments. The company is also involved in asset-light automotive business. In addition, it offers fisker flexible platform agnostic design, a process that develops and designs electric vehicles in specific segment size.
Read More - Current Price
- $0.09
- Consensus Rating
- Reduce
- Ratings Breakdown
- 0 Buy Ratings, 4 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $1.30 (1,349.3% Upside)
