|Bid||13.40 x 1800|
|Ask||13.49 x 3000|
|Day's Range||12.61 - 13.50|
|52 Week Range||8.70 - 31.96|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct. 26, 2021 - Nov. 01, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||23.22|
Shares of electric-vehicle start-up Fisker (NYSE: FSR) were trading lower on Thursday after a downgrade from a widely followed Wall Street auto analyst. As of 1 p.m. EDT, Fisker's shares were down about 6.2% from Wednesday's closing price. In a new note on Thursday morning that covered several automotive stocks, Bank of America analyst John Murphy cut the bank's rating on Fisker to neutral, from buy, and lowered its price target to $18 from $27.
Chipmakers and electric vehicle producers are having a blowout year, and as the bull run carries on, the red hot market is set to get even hotter
Bank of America Analyst, Martyn Briggs, joins Yahoo Finance to discuss the goals of the electric vehicle industry, how EV producers are adapting around supply constraints, and the viability of Biden's plan to have 50% of vehicles produced in the U.S. be electric by 2030.