GOEV - Fisker: Upside Potential May Be In Store For A Patient Investor
- Fisker is approaching start-of-production for its first model, the Ocean SUV, and believes that it has secured sufficient supply for a smooth ramp.
- Fisker is targeting attractive growth in production volume, of 50,000 units in 2023 and 150,000 units in 2024.
- Maintaining a more conservative outlook of 37,500 units in 2023 and 100,000 units across two models in 2024 still offers triple digit upside.
- However, given the macro and industry headwinds, downside risk may be elevated in the near-term, and hedging may be of best interest.
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Fisker: Upside Potential May Be In Store For A Patient Investor