5/9 became de risked- Fisker revises 2023 production volume guidance to 32,000-36,000 vehicles 05/09 FSR Earlier, along with its Q1 report, Fisker stated: "Four-stage supplier ramp up and vehicle assembly plan moves to right on updated homologation timing. Fisker expects to produce 1,400-1,700 vehicles in Q2, provided Fisker's suppliers and partners can support this volume and ramp; Fisker also revises calendar 2023 production volume guidance to 32,000-36,000 vehicles. The following information reflects Fisker's expectations for key non-GAAP operating expenses and capital expenditures for full-year 2023. Fisker is projecting the total of these items to be within a range of $535M-$610M, consistent with its prior expectations last provided in the Q4 and Full Year 2022 Earnings Release. Fisker anticipates an 8-12% gross margin range for full year 2023 and potentially positive adjusted EBITDA, provided input costs do not change dramatically." In morning trading, Fisker shares are down about 8% to $6.08.
5/10 Fisker price target lowered to $12 from $15 at R.F. Lafferty 05/10 FSR R.F. Lafferty analyst Jaime Perez lowered the firm's price target on Fisker to $12 from $15 and keeps a Buy rating on the shares following the company's Q1 report. The firm's 2024 EBITDA estimate of $213M is lower than its prior forecast of $253M to reflect "weaker demand from the impact of the global recession," the analyst tells investors.
Lookie Lookie))))) Worksport just revealed its hard-folding light truck cover samples have been approved by its national U.S. customer and reseller of automotive aftermarket accessories. Upon approval, this customer has agreed to purchase sizable quantities of Worksport’s flagship product that is to be distributed across the U.S. As a reminder, Worksport’s tonneau covers will be coming in various sizes and configurations to serve pickups made Ford itself, as well as Chevrolet, Jeep, Dodge, RAM, Nissan, Honda, Hyundai and Toyota. Moreover, its upcoming solar-powered Terravis tonneau cover as well as the company’s COR remote power generation and storage system promise to transform both electric and traditional combustion engine pickups into renewable microgrids on four wheels. Moreover, Worksport has entered into agreements to equip two electric pickups: a tech-advanced Atlis XT and the luxurious Hercules Alpha, both of which will be facing off the Cybertruck – the electric pickup with which Tesla aims to redefine the pickup landscape. A relationship with Ford exists!!!!
Did you catch that? Even if you have a gas truck you can micrgrid for free into a battery and then use that battery to do whatever-- cut trees with an electric saw! Power your fridge in a blackout! I think he's done it again folks....
Here's Why Fisker Stock Jumped Today – Jun 7, 2023 at 12:01PM Key Points NYSE: FSR Fisker Market Cap $2B Today's Change (5.79%) $0.34 Current Price $6.18 Price as of June 7, 2023, 11:55 a.m. ET Fisker plans to generate revenue from more than just electric cars. What happened Last week, Fisker (FSR 5.79%) said it had been given regulatory approval to begin delivering its electric Ocean SUV in the U.S. later this month. More news about its U.S. business had the stock jumping today. Fisker shares popped by as much as 14% this morning and are holding on to a gain of 5.8% as of 11:35 a.m. ET. So what Fisker will begin deliveries in the U.S. market during the week of June 19 after its announcement that it had received the Environmental Protection Agency (EPA) Certificate of Conformity and approval from the California Air Resources Board (CARB) last week. Yesterday, the company also said it plans to sell emission credits in the United States as part of its U.S. business strategy. Fisker said it already has an agreement in place with an unnamed "major automaker" to sell carbon credits. Now what The EV start-up is now using its position of exceeding emission and fuel economy standards to sell available credits to an automaker that doesn't meet those standards. Fisker CEO Henrik Fisker said plans have been in place since the company's founding in 2016 to boost revenue by selling credits. He stated, "We are excited that as an all-electric start-up, we can offer other carmakers competitive choices to obtain emission credits and remain in compliance with regulations in the U.S." In May, the EPA confirmed that Fisker's Ocean SUV has a range of 360 miles. That has led to CARB acknowledging that the SUV can generate the maximum allowable credits per vehicle sold in California. Investors are getting excited over the start of Ocean deliveries in Europe and the upcoming initial sales in the U.S. Now there is another source of revenue helping to boost Fisker stock today. Fisker's Ocean SUV can deliver up to 360 miles on a full charge. Fisker already has an agreement in place to sell emission credits to another automaker. Deliveries in the U.S. will commence in about two weeks.