Fisker downgraded by Evercore ISI with a new price target
$FSR
Auto Manufacturing
Consumer Discretionary
Evercore ISI downgraded Fisker from Outperform to In-line and set a new price target of $2.00 from $6.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/1/2024 | Buy → Hold | R. F. Lafferty | |
| 3/1/2024 | Buy → Neutral | Citigroup | |
| 1/17/2024 | $11.00 → $1.00 | Outperform → Market Perform | TD Cowen |
| 12/4/2023 | $6.00 → $2.00 | Outperform → In-line | Evercore ISI |
| 9/26/2023 | $8.00 | Buy | BofA Securities |
| 7/17/2023 | $19.00 → $14.00 | Outperform | TD Cowen |
| 6/8/2023 | $6.00 | Peer Perform → Underperform | Wolfe Research |
| 2/28/2023 | Hold | Needham |
Jeremi Gorman and Roderick Randall Have Expertise in Content Monetization, Digital Media, Automotive Technology and Capital Allocation Board Expands to Seven Directors Xperi Inc. (NYSE:XPER) (the "Company" or "Xperi"), an entertainment technology company that invents, develops and delivers technologies that enable extraordinary experiences, today announced the appointment of Jeremi A. Gorman and Roderick K. ("Rod") Randall to the Board of Directors (the "Board"), effective June 10, 2024. Following the appointment of Ms. Gorman and Mr. Randall, the Board consists of seven directors, six of whom are independent. "We welcome Jeremi and Rod, both accomplished leaders with domain expertise
Fisker reduces US MSRP on the 2023 Ocean Extreme trim from $61,499 to $37,499.1 2023 Fisker Ocean Ultra trims reduced from $52,999 to $34,999 MSRP, and 2023 Sport trims from $38,999 to $24,999 MSRP.1 Fisker is strategically positioning Ocean to be a more affordable and compelling EV choice, competitively available to EV buyers. Fisker Inc. ("Fisker"), driven by a mission to create the world's most emotional and sustainable electric vehicles, today announced reductions in Manufacturer's Suggested Retail Price (MSRP) on many model year 2023 Fisker Oceans in the US. Fisker is lowering the MSRP of the 2023 Ocean Extreme trim by $24,000, to $37,499 from $61,499 MSRP.1 This press rele
The Fisker Ocean wins the internationally recognized iF DESIGN AWARD for Best Electric Vehicle: SUV, following the assessment by a global jury of 132 world-class design experts iF DESIGN AWARD is a highly contested design competition, with almost 11,000 award entries received from across 72 countries The Ocean excelled in the judges' Form and Function assessments, recognizing the all-electric SUV's sustainability, engaging design, and ease of use Fisker Inc. (NYSE:FSR) ("Fisker"), driven by a mission to create the world's most emotional and sustainable electric vehicles, announces that the Fisker Ocean all-electric SUV has won the iF DESIGN AWARD 2024 for "Best Electric Vehicle: S
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R. F. Lafferty downgraded Fisker from Buy to Hold
Citigroup downgraded Fisker from Buy to Neutral
TD Cowen downgraded Fisker from Outperform to Market Perform and set a new price target of $1.00 from $11.00 previously
Fisker's new Dealer Partner model is gaining momentum and is expected to help improve brand awareness and sales throughout 2024. Fisker is in negotiations with a large automaker for a potential transaction which could include an investment in Fisker, joint development of one or more electric vehicle platforms, and North America manufacturing. The closing of any transaction would be subject to satisfaction of important conditions, including completion of due diligence and negotiation and execution of appropriate definitive agreements. Fisker reports preliminary Q4 2023 total revenue of $200.1 million, an increase of $128.3 million from Q3 2023. Both full year 2023 total revenue, which
Fisker Inc. (NYSE:FSR) ("Fisker") – driven by a mission to create the world's most emotional and sustainable electric vehicles – today announced that it will report its fourth quarter and full year 2023 financial results after market close on Thursday, February 29, 2024. The release will be followed by a conference call at 2:00 p.m. PT (5:00 p.m. ET). Speakers on the call will be Henrik Fisker, Chairman and Chief Executive Officer; David King, Chief Technology Officer; and Dr. Geeta Gupta-Fisker, Chief Financial Officer of Fisker Inc. The conference call can be accessed via a live webcast accessible on the Events and Presentations page of Fisker's Investor Relations website: https://inves
Fisker sees continued strong demand for its Ocean and delivered more cars in October than the entire third quarter. Fisker now delivering in ten countries, expected to add two more markets later this month as operational momentum accelerates in Q4 2023. Opened flagship US Lounge at The Grove in Los Angeles and first east-coast Lounge in New York City. Fisker customer locations now open in ten countries, with additional customer facilities opening soon, including a Fisker Lounge in Shanghai, China in January 2024. Q3 2023 was Fisker's first quarter with meaningful automotive sales revenue. Total revenue in the quarter was $71.8 million, gross margin was -17% on a GAAP basis (adjust
Fisker is seeking the approval of the Delaware bankruptcy court judge to sell 3,321 Ocean electric SUVs in its inventory at a significantly reduced price of around $14,000 per vehicle. What Happened: Fisker, which filed for bankruptcy protection in June, is looking for approvals to sell 3,321 Ocean SUVs to New York-based American Lease for an aggregate of $46.25 million, not including delivery charges. It would mean that the company would be selling each Ocean SUV at just around $14,000 if given the nod. The price point of $14,000 is significantly lower than the vehicle’s current price as listed on the company website. According to Fisker, the cheaper Ocean variant called Sport start
Electric vehicle shares mostly advanced this week, riding high on the broader market strength as the Federal Reserve hinted at potential rate cuts. Here are the key events that happened in the EV space during the week: Tesla’s China FSD Potential, More Job Cuts : A surprise visit by Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk to China was received positively by the market, with the stock jumping over 15% on Monday. The optimism stemmed from reports of the company receiving approval to roll out its full self-driving technology in China. BofA’s John Murphy estimates incremental annual revenue of half a billion dollars and earnings of $350 million for Tesla if 25% of Tesla owners adopt FSD.
Beleaguered EV maker Fisker Inc. (OTC:FSRN) has reportedly initiated a new round of layoffs amid fears of impending bankruptcy. What Happened: The electric vehicle (EV) startup’s CEO, Henrik Fisker, informed employees of the decision in an internal email, reported TechCrunch. The company is "continuing to evaluate all viable options for our business, including a potential transaction, and we are committed to identifying potential buyers and pathways to infuse capital into the business," Fisker reportedly wrote in the email. "That said, we must preserve cash to help keep these options available to us," he wrote while adding that the company will further reduce staff. It is unc
Jeremi Gorman and Roderick Randall Have Expertise in Content Monetization, Digital Media, Automotive Technology and Capital Allocation Board Expands to Seven Directors Xperi Inc. (NYSE:XPER) (the "Company" or "Xperi"), an entertainment technology company that invents, develops and delivers technologies that enable extraordinary experiences, today announced the appointment of Jeremi A. Gorman and Roderick K. ("Rod") Randall to the Board of Directors (the "Board"), effective June 10, 2024. Following the appointment of Ms. Gorman and Mr. Randall, the Board consists of seven directors, six of whom are independent. "We welcome Jeremi and Rod, both accomplished leaders with domain expertise
Fisker Inc. (NYSE:FSR) ("Fisker"), driven by a mission to create the world's most emotional and sustainable electric vehicles, announced today that the company has added two executives to its leadership team. Eric Goldstein has been named Head of Investor Relations. Beverly Lively has joined as VP, Internal Audit & Controls. Goldstein will report to CFO Dr. Geeta Gupta-Fisker and Lively will report to CAO Angel Salinas. "I'm thrilled that Eric and Beverly have come to Fisker at this important time for the company," Chairman and CEO Henrik Fisker said. "Their experience will be a great addition to the Fisker team as we accelerate our growth in 2024." Goldstein has over 25 years of ex
Fisker Inc. (NYSE:FSR) ("Fisker"), driven by a mission to create the world's most emotional and sustainable electric vehicles, will hold the largest owner meetup in its history on January 20, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240111599577/en/FISKER PLANS LARGEST OWNER MEETUP IN COMPANY HISTORY ON JANUARY 20. (Photo: Fisker Inc.) Fisker is collaborating on the event with Fiskerati.com, an independent website that publishes news related to the company and the electric vehicle and new mobility industries. Meetups will take place in almost two dozen locations in the U.S. "It's incredibly exciting for me to see o