Auto Express

Fisker shares 30% profit potential and ‘game-changing’ fee agreement



Mark Matousek/Insiders
  • Fisher shares jumped 30% on Monday following an update from the EV maker.
  • The company said it hopes to turn a profit this year and has reached an agreement to access charging stations in North America.
  • Pre-orders for its Ocean SUV increased in the fourth quarter.

Fisher Stocks spiked on Tuesday Monday as a call for profits tram manufacturers and a deal for charging stations seem to take precedence over the quarterly loss that fell short of expectations.

Shares rallied as much as 36% to $7.75, their highest in more than two weeks, then pared previous gains to close with a still-very-high 30% at $7.41.

The surge happened after the release the company’s fourth quarter financial results. In it, Fisker reiterated its 2023 production target of up to 42,400 units, in contrast to last week. Weak production target from rival EV Lucid because it solves supply chain problems.

Fisker also said there have been about 65,000 orders for the Ocean SUV, up from 62,000 at the end of October.

In addition, management forecasts “potentially positive” earnings before interest, taxes, Depreciationand amortization for 2023.

“Our bookings continue to grow. We will be profitable this year, which is very unusual for an EV start-up,” said CEO Henrik Fisker. fox business in Monday.

The company also said Monday it has an agreement with point fee whereby Fisker EV owners will have access to more than 210,000 active ports and over 400,000 roaming ports in North America.

Mentioning an opponent TeslaFisker told Fox Business that the company is run by Elon Musk there are 7,000 yen charger United States. For its part, Tesla says it has over 40,000 Superchargers worldwide.

point fee and their affiliates have 400,000…so I think that’s definitely a game changer. It’s super easy to charge your Fisker Ocean,” says Fisker.

Fisker posted a loss per share of $0.54 a share for the fourth quarter, higher than a loss of $0.47 a share a year ago and worse than a loss of $0.41 a share. expected vote in a poll of FactSet analysts.

Fisker’s stock value took a hit last year, with its market capitalization falling 51% to $2.26 billion.

news7g

News7g: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button