Fisker Stock Price and Forecast: FSR prepares for rally
Premium|Take advantage of 75% OFF on your first month.
Grab this special offer, it's a 1 year for FREE deal! And access ALL our articles and analysis.
You have reached your limit of 5 free articles for this month.
BLACK FRIDAY SALE! 75% OFF!
Grab this special offer, it's a 1 year for FREE deal! And access ALL our articles and analysis.
CLAIM OFFER- Fisker stock looks set to rally as risk appetites return.
- FSR sees social media interest as a new model due.
- FSR stock is down nearly 50% this year.
Fisker (FSR) is catching some social media interest from retail traders on Friday as news of its new electric vehicle circulates. Fisker is an electric vehicle manufacturer based in California. The company like many in the EV space is relatively new, having only been founded in 2016.
Fisker stock news
Fisker announced in mid-August that it had sold out 5,000 orders for the Fisker Ocean One Limited Edition.
"In July 2022, the 5,000-unit Fisker Ocean ONE limited launch edition sold out globally in just 30 days, and the waitlist, should any become available, numbers over 1,000," the company said in a statement. "The Fisker Ocean Sport base model and mid-level Fisker Ocean Ultra followed suit, with potential binding orders for the 2023 U.S. allocation for both trims selling out in a matter of days earlier this month. Fisker currently has more than 58,000 reservations (inclusive of firm orders) for the five-passenger, all-electric SUV, with at least 80,000 reservations projected by the end of the year."
The company also plans to try and get US customers to remain eligible for tax credits as part of the Inflation Reduction Act. Qualifying reservation holders in the United States are eligible for a $7,500 tax credit under existing law, but the proposed legislation, as currently drafted, would make the Fisker Ocean ineligible since it is built in Austria. In addition, the bill also imposes a household income cap of $150,000 for single filers and $300,000 for couples filing jointly.
However, Fisker believes customers may be able to retain eligibility for the full $7,500 credit for the 2022 tax year by converting their existing reservations into a binding sales contract for the purchase of the Fisker Ocean.
"Many of our reservation holders are looking forward to the tax advantages of purchasing an electric vehicle," Chairman and CEO Henrik Fisker said. "Therefore, we acted swiftly and proactively to protect access to existing tax credits for qualifying Fisker Ocean buyers should the Inflation Reduction Act become law."
Henrik Fisker will speak at Morgan Stanley’s 10th Annual Laguna Conference on Thursday, September 15.
We have seen unconfirmed reports from that say Fisker Ocean reservations are at 60,000 now.
Fisker stock forecast
Technically, holding support at $8 is key. Fisker stock has repeatedly tested this level, and so far it has held. If so, then the target resistance is $9 from the 50-day moving average and then $10.20 from the trendline connecting the previous highs. We have a potential for a bottom formation here due to the bearish series of lower highs, but we have not made a new low. This is the key, we need to make a new high to confirm the bottom is in. That means breaking $11.41.
Fisker daily stock chart
- Fisker stock looks set to rally as risk appetites return.
- FSR sees social media interest as a new model due.
- FSR stock is down nearly 50% this year.
Fisker (FSR) is catching some social media interest from retail traders on Friday as news of its new electric vehicle circulates. Fisker is an electric vehicle manufacturer based in California. The company like many in the EV space is relatively new, having only been founded in 2016.
Fisker stock news
Fisker announced in mid-August that it had sold out 5,000 orders for the Fisker Ocean One Limited Edition.
"In July 2022, the 5,000-unit Fisker Ocean ONE limited launch edition sold out globally in just 30 days, and the waitlist, should any become available, numbers over 1,000," the company said in a statement. "The Fisker Ocean Sport base model and mid-level Fisker Ocean Ultra followed suit, with potential binding orders for the 2023 U.S. allocation for both trims selling out in a matter of days earlier this month. Fisker currently has more than 58,000 reservations (inclusive of firm orders) for the five-passenger, all-electric SUV, with at least 80,000 reservations projected by the end of the year."
The company also plans to try and get US customers to remain eligible for tax credits as part of the Inflation Reduction Act. Qualifying reservation holders in the United States are eligible for a $7,500 tax credit under existing law, but the proposed legislation, as currently drafted, would make the Fisker Ocean ineligible since it is built in Austria. In addition, the bill also imposes a household income cap of $150,000 for single filers and $300,000 for couples filing jointly.
However, Fisker believes customers may be able to retain eligibility for the full $7,500 credit for the 2022 tax year by converting their existing reservations into a binding sales contract for the purchase of the Fisker Ocean.
"Many of our reservation holders are looking forward to the tax advantages of purchasing an electric vehicle," Chairman and CEO Henrik Fisker said. "Therefore, we acted swiftly and proactively to protect access to existing tax credits for qualifying Fisker Ocean buyers should the Inflation Reduction Act become law."
Henrik Fisker will speak at Morgan Stanley’s 10th Annual Laguna Conference on Thursday, September 15.
We have seen unconfirmed reports from that say Fisker Ocean reservations are at 60,000 now.
Fisker stock forecast
Technically, holding support at $8 is key. Fisker stock has repeatedly tested this level, and so far it has held. If so, then the target resistance is $9 from the 50-day moving average and then $10.20 from the trendline connecting the previous highs. We have a potential for a bottom formation here due to the bearish series of lower highs, but we have not made a new low. This is the key, we need to make a new high to confirm the bottom is in. That means breaking $11.41.
Fisker daily stock chart
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.