Advertisement

Why Fisker's Shares Jumped 89.6% in February

Why Fisker's Shares Jumped 89.6% in February

Shares of electric-vehicle (EV) upstart Fisker (NYSE: FSR) jumped 89.6% in trading during February, according to data provided by S&P Global Market Intelligence, after the company reported earnings and an important new partnership. The company still hopes to begin production of the Fisker Ocean in Q4 2022, but that's still a long way off. The more notable announcement was a memorandum of understanding signed with Foxconn to jointly develop a Fisker vehicle that will be made by Foxconn.