Why Fisker Stock Stalled and Sputtered Today
Fisker (NYSE: FSR) might have a hot-looking new electric vehicle (EV) popular with customers in the pre-order phase, but it wasn't such a hot item on the stock market Thursday. The company's shares skidded to a marginal loss on the day, as investors reacted slightly negatively to its second-quarter performance and its latest news.
Fisker announced the results of that quarter after market close on Wednesday, meaning investors had quite some time to chew over the numbers before the start of Thursday trading.
For the quarter, Fisker -- still a largely pre-revenue company -- nonetheless booked around $10,000 in revenue, and managed to trim its net loss. This was reduced to just shy of $106 million, against the more than $122 million deficit of 2021's second quarter.
Source Fool.com
