Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Fisker Stock Popped 32.5% on Friday

TheMotleyFool

0 0

Shares of electric vehicle (EV) upstart Fisker (NYSE: FSR) jumped as much as 35.6% on Friday after the company announced its fourth-quarter 2020 financial results. The stock ended the session with a 32.5% gain.

Fisker isn't generating any revenue, but the company did report a $12.0 million loss, or $0.05 per share, and cash on hand of $991.2 million. Management also said that reservations for the upcoming Fisker Ocean stood at 12,467, with the daily reservation rate increasing 400% since mid-October 2020.

Fisker Ocean. Image source: Fisker.

Source Fool.com

Like: 0

FSR

Share