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Why Fisker Stock Is Higher Today

TheMotleyFool

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Why Fisker Stock Is Higher TodayPhoto, wide shot, wide-angle lens, soft focus, Auto parts supplier, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-XjwbnkgTrFCFx6Y3gLbqZBCj.png?st=2023-05-13T09%3A21%3A52Z&se=2023-05-13T11%3A21%3A52Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-13T06%3A55%3A39Z&ske=2023-05-14T06%3A55%3A39Z&sks=b&skv=2021-08-06&sig=wJlbn/o%2BieTjclaQNRsJc%2BDDZieC0UCS6BPi5tapxAA%3D

Shares of California-based electric-vehicle start-up Fisker (NYSE: FSR) were trading sharply higher on Friday after an influential Wall Street analyst initiated coverage of the company with a bullish note.

At 11:00 a.m. EST, Fisker's shares were up about 26.3% from Thursday's closing price.

In a note released after the U.S. markets closed on Thursday, Morgan Stanley analyst Adam Jonas initiated coverage of Fisker with an overweight rating and a price target of $27.

Source Fool.com

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