#8 - Fisker (NYSE:FSR)
The last stock on our list is perhaps the most speculative. Fisker (NYSE:FSR) is spearheaded by Henrik Fisker. The company is planning to launch its first vehicle, the Ocean in late 2022. The company currently has approximately 17,300 reservations which require a $250 non-binding deposit.
Fisker recently signed an agreement with Magna International (NYSE: MGA) to manufacture the Ocean at Magna’s facilities in Graz, Austria. If the Ocean launches as scheduled, the $37,499 vehicle will also be available via a month-to-month lease.
The company also recently pledged $10 million to support the expansion of vehicle charging in Europe. The investment will ensure that Fisker can provide its customers with one year of free charging on the company’s (Allego) network.
Like Lucid, Fisker doesn’t yet have a vehicle in production and there’s a lot that can go wrong. And to be fair, short interest remains uncomfortably high at over 22% as of mid-July. Still, it appears that institutional investors are warming up to Fisker and that may lend itself to more realistic price discovery
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)
The global shortage in semiconductor chips has weighed down some of the top EV stocks in 2021. While that situation will continue to weigh on stocks for several quarters if not a full year of earnings, it’s not a forever situation.
EV companies stand to make billions, if not trillions, in revenue. And industry analysts note that the sector could grow at a compound annual growth rate (CAGR) between 35% to 45% for the next two to three decades.
That’s right, decades. That’s a big opportunity for the right investors. Investors with foresight, who have the stomach to ride out some volatility.
However, like many sectors, quality matters. The names that are on this list today may not have been here six months ago. And six months from now, there may be other companies that rise to prominence.
Your goal as an investor is to reward the manufacturers who deliver on their promises and reward you as a shareholder. The companies in this presentation are likely to do just that.
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