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Why Fisker Stock Is Higher Today

Why Fisker Stock Is Higher Today

Fisker, an electric vehicle (EV) design company that has contracted with Magna International (NYSE: MGA) and others to manufacture its vehicles, has been on the receiving end of a lot of positive attention of late. The shares soared higher on Tuesday after analysts at Bank of America predicted the shares could jump 150% higher, and continued on that course on Wednesday after Morgan Stanley's Adam Jonas chimed in. In a note to investors, Jonas said Fisker is his "top ranked EV start-up."