Why Fisker Stock Is Soaring Today
Shares of electric-vehicle start-up Fisker (NYSE: FSR) were sharply higher on Monday, after a Cowen analyst initiated coverage of the stock with a bullish note.
As of 1 p.m. EST, Fisker's shares were trading at $14.35, up about 32.1% from Friday's closing price.
In a Monday morning note, Cowen analyst Jeffrey Osborne initiated coverage of Fisker with an outperform rating and a price target of $22.
Source Fool.com
