December 11, 2020
Fisker (NYSE:
FSR) is an interesting case for investors who want to get in on the current EV stock craze via Fisker stock. It has a high impact prototype in the affordable Ocean electric SUV. All EV startups have a prototype, though, and many never get beyond that stage to production.
Source: Eric Broder Van Dyke / Shutterstock.com
Unlike most EV startups, it has a founder (Henrik Fisker) who has actually released an electric car already. His earlier efforts stumbled, but the Ocean is checking all the boxes. So is now the time to consider Fisker stock?
EV stocks have been on fire in 2020. For those who want to invest in this rapidly growing market, the cost of entry is getting higher. Fisker stock is appealing because it combines potential with affordability. It’s up nearly 70% since completing a merger with Spartan Energy Acquisition at the end of October, but currently trades in the $15 range.
Benzinga s PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session.
On any given day, the show will cover at least 20 stocks determined by co-hosts Joel Elconin and Dennis Dick along with producer Spencer Israel.
The volatility continues in the special purpose acquistion company sector, particularly in issues focused on the development of electronic vehicles. With that in mind,
Fisker Inc. (NYSE:FSR) is the PreMarket Prep Stock of the Day.