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Why Fisker Stock Went Parabolic This Week

Neha Chamaria, The Motley Fool
·2-min read
Why Fisker Stock Went Parabolic This Week

In a much-needed respite for investors in Fisker (NYSE: FSR), the languishing electric vehicle (EV) stock went parabolic this week after the company provided a crucial business update that could be a game changer. Fisker stock was up a staggering 45% for the week as of Friday noon ET, according to data provided by S&P Global Market Intelligence. Earlier in the year, Fisker said it expected homologation tests for its all-electric SUV, Ocean, to complete in March, followed by regulatory approval that should pave the way for commercial sales of its first EV.

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