A Steep Sell-Off Leaves Fisker as an Intriguing Play for EV Bulls
Fisker (NYSE:FSR) may have found a bottom. After a sharp plunge that took 37% off its value in a little over two weeks, FSR stock rallied 13% on Friday.
The closing of the merger with SPAC (special purpose acquisition company) Spartan Energy is a possible catalyst: Friday was the first day the stock traded under the ticker FSR. Whatever the cause, the rally seems overdue.
After all, it simply seems like FSR stock has sold off with its sector. Industry leader Tesla (NASDAQ:TSLA) has p...