Fisker (FSR) Misses Preliminary Q4 EPS by 100c, misses on revenue

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Citi Downgrades Fisker (FSR) to Neutral

March 1, 2024 6:52 AM EST

Citi analyst Itay Michaeli downgraded Fisker (NYSE: FSR) from Buy to Neutral with a price target of $0.80 (from $4.00).

The analyst comments "A disappointing Q4 outcome revealing additional financial reporting issues (10K delay), a significantly weaker 2024 outlook and a worsening liquidity runway. The... More