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Fisker Passes 40K Reservations For Ocean


© Reuters.

Sam Boughedda

Fisker Inc., (NYSE: said it has exceeded 40,000 reservations for the Fisker Ocean SUV, which prompted Citi analyst Itay Michaeli to reiterate a Buy rating.

Fisker Ocean One Launch Edition and Fisker Ocean Extreme model are both available for purchase at $68,999 each in the US, according to the company.

Fisker also announced it would open reservations for its limited-edition Fisker Ocean One SUV to all current reservation holders from July 1st. 

It is expected that they will begin production of 5,000 Fisker Ocean One cars in November. 

Fisker stated in a statement that “Given the high level of interest in Fisker Ocean One, Fisker Ocean Extreme and Fisker Ocean One models, Fisker believes they will sell out most of 2023 with buy orders for our premium models.” 

Citi analyst Michaeli told investors that Michaeli, a Citi analyst, said in a note to investors that Michaeli was encouraged by the news and that it seemed like the mix of reservations is robust.

According to the analyst who set a target price of $29 on Fisker stock, Fisker has continued commercial momentum. Fisker shares rose by 1% Friday

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