Fisker: Precarious Situation [Seeking Alpha]
Fisker Inc. Class A (FSR)
Company Research
Source: Seeking Alpha
The company has paused production for six weeks to manage inventory levels and secure additional financing. Fisker's stock represents excessive risks, and its survival as an EV company is uncertain. Fisker Inc. ( NYSE: FSR is in a very precarious situation and it might even slide into bankruptcy which I think makes the stock uninvestable at the present time. Though the electric-vehicle manufacturer just announced a $150 million financing commitment from an investor, Fisker also announced that it was pausing production for six weeks in an attempt to manage inventory levels. The EV company has enough cash to survive until the end of the year, but Fisker's stock represents exceptionally high risks that I think are too great for the average investor. My stock classification for Fisker, taking into account the just announced financing commitment, is Sell. Fisker Is In A Bad Place Fisker rolled out its first electric-vehicle, the Fisker Ocean SUV, in 2023 and has since seen a
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FSR
News
- PRESS DIGEST- Wall Street Journal - March 26 [Yahoo! Finance]Yahoo! Finance
- Fisker Delisted by NYSE as EV Maker Races to Save Itself [Yahoo! Finance]Yahoo! Finance
- Fisker trading suspended by NYSE [TechCrunch]TechCrunch
- Fisker stock: NYSE suspends trading, starts delisting process [Yahoo! Finance]Yahoo! Finance
- Lucid gets a lifeline. [Verge, The]Verge, The
FSR
Earnings
- 2/29/24 - Miss
FSR
Sec Filings
- 3/25/24 - Form 8-K
- 3/25/24 - Form 8-K
- 3/25/24 - Form PRE
- FSR's page on the SEC website