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Top related persons:
John Babcock - 2 Fisker - 2 Babcock - 1 Fisker's - 1 Tesla - 1 It's - 1 Lucid - 1 Michael Bloom - 1
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Bank of America - 2 Global - 1 Autonomous & Electric Vehicles ETF - 1 EV - 1 Bank - 1 Ocean - 1 Magna International - 1

Search resuls for: "John Babcock"


2 mentions found


☆ Bank of America says this sold-off EV stock offers 'pure-play exposure' and can rally 50%
  + stars: | 2023-09-26 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Fisker may grow out of its ugly duckling phase in the ever-growing electric vehicle market, Bank of America said. Analyst John Babcock initiated coverage of the underperforming electric vehicle stock at a buy. "FSR offers investors pure-play exposure to the rapidly growing EV market, has key milestones coming in 2024 and a lower risk business model than peers," he said in a note to clients Tuesday, also describing the stock as a "pure-play EV force." Tesla's price cuts could be a harbinger for volume and profitability troubles for Fisker, Babcock warned. But Babcock used Bank of America's framework for analyzing automotive technology stocks, which looks at positioning and disruptive threats.
Persons: John Babcock, Babcock, Fisker's, Tesla, It's, Lucid, Fisker, Michael Bloom Organizations: Bank of America, Global, Autonomous & Electric Vehicles ETF, EV, Bank
☆ EV maker Fisker rallies after production update, bullish analyst report
  + stars: | 2023-09-26 | by ( Chibuike Oguh | トムソン ロイター | Chibuike Reports On Mostly Large U.S.-Based Private Equity Firms | ) www.reuters.com   time to read: +1 min
NEW YORK, Sept 26 (Reuters) - Shares of electric-vehicle startup Fisker Inc (FSR.N) rose by more than 20% on Tuesday after the company reaffirmed its plan to increase deliveries of its flagship Ocean sports utility vehicle, and a bullish Wall Street analyst report. The EV maker said it had built 5,000 Ocean SUVs and expects to ramp up deliveries to 300 units per day later this year, reiterating a plan announced earlier this month by Chief Executive Henrik Fisker. Fisker's shares rose as high as $6.47, and were on course for their biggest daily percentage gain since April. "The automotive industry is undergoing a once-in-a-century revolution with technology advancement on electrification, autonomy, and digitization," the analysts said. Unlike other EV makers, Fisker has outsourced its vehicle production to Canadian auto part supplier Magna International (MG.TO).
Persons: Henrik Fisker, John Babcock, Fisker, Chibuike Oguh, Lance Tupper, Deepa Babington 私 たち Organizations: Ocean, Bank of America, Magna International Locations: California, U.S, Europe, New York
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