Fisker (FSR) PT Lowered to $19 at RBC Capital

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Go back to Fisker (FSR) PT Lowered to $19 at RBC Capital

Bank of America and Citi Reflect on EV Fisker (FSR) Stock Following Positive Earnings

February 17, 2022 11:29 AM EST

Shares of Fisker (NYSE: FSR) are up nearly 5% today after the EV company reported its Q4 2021 financial results.

Fisker reported a loss per share of 47 cents and revenue of $41,000, topping the expected revenue of $25,000. Cash and cash equivalents totaled $1.2 billion in the quarter, while net loss was reported at $138.4 million.

For the full-fiscal 2022, Fisker expects capital expenditures in the range of $280 million to $290 million.... More