FSR stock is moving higher on September 27, 2021, after an analyst said to sell Tesla stock and buy Fisker stock.
Tudor Holt analysts like FSR more than Tesla
Tudor Pickering Holt analysts Matt Portillo, Oliver Huang, Jeoffrey Lambujon and Jake Roberts initiated coverage of Tesla last week with a Sell rating as they believe the stock “looks fundamentally overvalued” given that they would need to expect 8M automotive units delivered in 2030 with high adoption rates of a level 4+ FSD system to justify the current share price, which the analysts call “a tough ask.” In a separate research note, they also started coverage of electric vehicle hopeful Fisker (FSR) with a Buy rating, saying the share price presents an interesting risk-reward.
Tesla using untrained drivers ‘as testers for unproven system,’ says Blumenthal
Senator Richard Blumenthal said via Twitter: “Tesla is putting untrained drivers on public roads as testers for their misleadingly-named, unproven system-a seeming recipe for disaster. Serious safety concerns should put this reckless plan in reverse. It’s Russian Roulette for unsuspecting drivers & the public.” Source: https://twitter.com/SenBlumenthal/status/1442290273766109186
Apple, Tesla suppliers halt production at Chinese facilities, Nikkei reports
Apple (AAPL) and Tesla (TSLA) suppliers like Eson Precision Engineering, Unimicron Technology, and Concraft Holding are halting production until Friday as China tightens its energy policy, The Nikkei’s Lauly Li and Cheng Ting-Fang report. Source: https://asia.nikkei.com/Business/Technology/Key-Apple-Tesla-suppliers-halt-production-amid-China-power-crunch
Bullish Option Flow Detected In FSR Stock
Bullish option flow was detected in Fisker with 52,485 calls trading, 4x expected, and implied vol increasing over 13 points to 79.22%. 10/1 weekly $17.50 calls and 10/1 weekly $16 calls are the most active options, with total volume in those strikes near 27,000 contracts.
FSR stock initiated with a Buy at Tudor Pickering
On September 23, 2021, Tudor Pickering analyst Jake Roberts initiated coverage of Fisker (FSR) with a Buy rating and $19 price target. While current equity value at least partially reflects a market awaiting additional execution over the next roughly 15 months until Ocean deliveries begin, Roberts believes the share price presents an interesting risk-reward, the analyst tells investors in a research note. Industry comps for the Fisker Ocean SUV suggest that the anticipated run-rate of more than 60,000 unit salesThe income statement provides a summary of a company's revenue and expenses over a specified period of time, typically a year or a quarter. It shows the company's total revenue, th... per year is achievable, supported by Fisker’s strategic cooperative with Magna (MGA) that will utilize existing architecture and infrastructure, he adds.
VIDEO Is Fisker Stock $FSR A Buy At $12?
Visceral Ace says, “In this video, I go over a business and technical analysis of Fisker Inc. ($FSR on NYSE) stock which is a premium electric SUV maker that recently went public onto the stock market. I share my short term price targets for the stock price & an update of its strategic partnerships with Magna International and Foxconn to supply electronic parts, chips and manufacturing for the Ocean to hit the roads in 2023. It’s a high risk/high reward long term investment but with the high analyst price targets and amazing pricing & design of their EV, I think its a great speculative buy under Henrik Fisker’s eye.”
Large Players Volume Rising In FSR Stock
Large players volume is rising in FSR stock which is bullish. The money flow is also rising which is bullish.
