Fisker (FSR) releases business update, prioritizing deliveries and advancing partnership discussions
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Evercore ISI downgrades Fisker (FSR) to In-Line
December 4, 2023 8:28 AM ESTEvercore downgraded Fisler Inc. (NYSE: FSR) to an In-Line rating (from Outperform) with a 12-month price target or $2.00 on the stock after the electric auto maker reduced their production forecasts from 13-17K units down to 10k units.
Evercore analysts believe that Fiskers upcoming... More
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Fisker scales back production to divert cash for working capital
December 1, 2023 7:10 AM EST(Reuters) -Electric-vehicle maker Fisker said on Friday it will scale down production this month and produce lesser cars this year than its previous guidance, to prioritize cash for working capital needs.
Shares of the EV maker, which has been struggling with a cash crunch, rose 7% in premarket.
... MoreFisker (FSR) issues business update
December 1, 2023 6:29 AM ESTFisker Inc. (NYSE: FSR) provided a business update for the month of November.
Increasing pace of deliveries and sharpening focus on growing current markets
The company has executed a new strategy to optimize deliveries in the US and Europe, overcoming early logistics hurdles and sustaining an increasing pace of deliveries. On Thursday Nov. 30, Fisker had 123 vehicles either delivered or in transit to customers.
Our teams have worked hard to overcome some early delivery challenges and are now setting an impressive pace as we prepare to close out 2023, Chairman... More
