Opinions
The Weekly Buzzing Stocks by Billy Kawasaki
Fisker Inc.
FSR-N
TOP PICK
Dec 14, 2023
Stock price when the opinion was issued
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Stockchase Research Editor: Michael O'Reilly Our TOP PICK recommendation with FSR, it a bit more speculative than our normal picks. However, its time might be here as a potential disruptor in the EV space. The original Fisker Automotive company went bankrupt in 2012, but has reemerged focusing solely on EV. They plan to release a SUV in 2022 with a 300 mile range with a solar panel roof to extend that. Priced around $30,000 USD (after EV credits), it could seriously challenge Tesla. We would buy this with a $11 stop-loss, looking to achieve $21.00 -- 35% upside potential. Yield 0% (Analysts’ price target is $21.00)
(A Top Pick Jan 28/21, Up 36.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with FSR has achieved its $21 objective. To be disciplined, we recommend covering 50% of the position and trailing up the stop to $15.50 (just above our initial recommended entry level). This would all but guarantee a minimum investment return exceeding 18%.
They have great EV technology and the best car designer in the world. Also have an asset-lite business model. They've partnered with Magna and Foxconn, two sharp companies, to build the cars. This may be undervalued.
Fisker, inc. designs and manufactures electric vehicles and mobility solutions. the company is headquartered in manhattan beach, california. Social media mentions are up 400% in the past 24h.