Why Fisker's Shares Jumped 89.6% in February
Shares of electric-vehicle (EV) upstart Fisker (NYSE: FSR) jumped 89.6% in trading during February, according to data provided by S&P Global Market Intelligence, after the company reported earnings and an important new partnership. But shares have fallen 20.7% already in the first four days of March.
Fourth-quarter 2020 earnings weren't too much to write home about. The company still hopes to begin production of the Fisker Ocean in Q4 2022, but that's still a long way off. One notable figure was 12,467 reservations for the vehicle and a 400% increase in reservation rate over the previous four months.
Image source: Fisker.
Source Fool.com
