Why Fisker Stock Is Higher Today

Shares of Fisker (NYSE: FSR) remained in the fast lane on Wednesday, up more than 15% on more positive commentary from a Wall Street analyst.

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.

Image source: Fisker.

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Source Fool.com