#5 - Fisker (NYSE:FSR)
A key selling point for Electrameccanica is that it’s starting to deliver vehicles. The same can’t be said of Fisker (NYSE:FSR) … yet. The company’s first foray into the EV space will be an electric SUV, the Ocean. The vision behind the Ocean, which is set by designer and Fisker CEO Henrik Fisker, is to make the Ocean, in part, out of recycled materials from the ocean.
Projection is not scheduled to begin until late 2022, and that’s one reason that the stock is down from its 2021 highs. However, the company has been steadily checking off the boxes. Earlier this year it signed an agreement with Magna International (NYSE:MGA) to outsource the manufacturing of the Ocean. Fisker also has 10,000 non-binding pre-orders.
And on November 17, 2021, a year to the date when production is scheduled to begin, the company will show off the Ocean at the L.A. Auto Show. Positive reviews could push FSR stock much closer to the $23.92 price target set by analysts.
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, 3 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $1.20 (1,237.8% Upside)
