Fisker (FSR) Misses Q3 EPS by 7c
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November 3, 2022 7:40 AM EDT
Raymond James reiterated a Market Perform rating on Fisker Inc. (NYSE: FSR) following the companys 3Q earnings release. FSR reported a top line miss with EPS of $(0.46) compared to the consensus estimate of $(0.43). The companys spending-related guidance is unchanged, poised to come in near the low end of the range.
Alongside elevated operational risk as the company moves into production, a key source of uncertainty that is... More
November 3, 2022 7:24 AM EDT
RBC Capital Markets downgraded Fisker Inc. (NYSE: FSR) to Sector Perform (From Outperform) and cut the price target to $8.00 (From $13.00) as the company approaches SOP following the companys 3Q report.
We are moving to the sidelines seeing near-term execution risk and lower units in the outer-years as the product could be less competitive in the face of the Inflation Reduction Act. Analyst... More
November 3, 2022 5:35 AM EDT
RBC Capital analyst Joseph Spak downgraded Fisker (NYSE: FSR) from Outperform to Sector Perform with a price target of $8.00 (from $13.00).
The analyst comments "We are moving to the sidelines seeing near-term execution risk and lower units in the outer-years as the... More
