Morgan Stanley Resumes Fisker (FSR) at Overweight, Following Earnings, Sees $90 Bull Case
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Fisker Inc. Announces Second Quarter 2021 Financial Results
August 5, 2021 4:10 PM EDTQ2 2021 operating results consistent with company expectations. Cash balance of $962 million as of June 30, 2021. Fisker Ocean development remains on-track for expected November 17, 2022 start-of-production and full ramp up production volume reaching over 5,000 assembled units per month during 2023. Fisker PEAR development accelerating. Collaboration of Fisker team in US and Hon Hai Technology Group (Foxconn) and its affiliates in Taiwan are making progress on concept engineering of the FP28 platform and PEAR vehicle. Fiskers unique asset-light strategy and capable partners enable the company to work on multiple platforms and vehicles concurrently to... More
