Stock Alert: Fisker Climbs 18%

By RTTNews Staff Write  ✉   | Published:

Shares of Fisker Inc. (FSR), a manufacturer of electric vehicles, are rising more than 18 percent or $2.90 in Wednesday's morning trade at $18.87.

According to reports, Citi initiated coverage of the company with a "buy" rating and assigned a 12-month price target of $26 per share.

Fisker has traded in a range of $8.70 to $21.60 in the past 52 weeks.

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