Before the stock market opened for trading on Monday, it's safe to say few investors or pundits believed struggling electric vehicle (EV) maker Fisker (NYSE: FSR) would have a banner day. Yet that's exactly what happened; the company's share price vaulted nearly 14% higher on Monday to put it within striking distance of the psychologically important $1 per-share level.

Much of this had to do with Fisker's latest news about its sales efforts, while bargain-hunting throughout the EV sector also played a role. Were investors right to be so bullish on this manufacturer, though?

The immediate catalyst in Fisker's rise was its announcement that it will conduct a dealer open house in its Los Angeles-area headquarters on Tuesday.

Continue reading

Source Fool.com