UPDATE: RBC Capital Starts Fisker (FSR) at Outperform
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RBC Initiates Coverage of Lordstown (RIDE) at 'Underperform' and Fisker (FSR) at 'Outperform'
June 9, 2021 9:12 AM EDTJoseph Spak, an analyst at RBC Capital Markets, started coverage of two emerging EV names with ratings on opposite ends of the spectrum - Lordstown Motors Corp (NASDAQ: RIDE) at Underperform and Fisker Inc (NYSE: FSR) at Outperform.
Spaks note on RIDE comes just a day after the company warned about its difficult financial position to send its shares over 17% down.
The companys ability to continue as a going concern is dependent on its ability to complete the development of its electric vehicles, obtain regulatory approval,... More
