Fisker: Triple-Digit Upside Potential May Be In Store For A Patient Investor

Summary

  • Fisker is approaching start-of-production for its first model, the Ocean SUV, and believes that it has secured sufficient supply for a smooth ramp.
  • Fisker is targeting attractive growth in production volume, of 50,000 units in 2023 and 150,000 units in 2024.
  • Maintaining a more conservative outlook of 37,500 units in 2023 and 100,000 units across two models in 2024 still offers triple digit upside.
  • However, given the macro and industry headwinds, downside risk may be elevated in the near-term, and hedging may be of best interest.

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Fisker (FSR) has just retested lows around $8 per share before bouncing on broader market strength following the Fed's largest rate hike since 1994, but the EV manufacturer looks to have solid upside potential as it inches closer to a start

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