Fisker (NYSE: FSR) stock soared more than 7% on Friday after the electric car start-up announced its participation in the National Automobile Dealers Association (NADA) Show in Las Vegas next week, where it plans to disclose its strategy for establishing a car dealer network.
Fisker (FSR) stock enthusiasts, save the date – February 1st marks a key event as the company’s leadership gears up for the National Automobile Dealers Association (NADA) show next week.
Fisker’s press release states that top executives, including founder and CEO Henrik Fisker, will be at the event for a presentation. Henrik Fisker will be interviewed by NADA’s Senior VP, Jonathan Collegio, during the show.
Fisker aims to utilize its presence at the show to outline its new strategic direction. This involves transitioning from its current direct sales approach towards a model centered on dealership partnerships.
Henrik Fisker said the following about this plan in the news release:
“With over 100 dealers in North America and Europe who have already expressed interest in becoming a partner, Fisker has shown it has much to offer with our unique features and class-leading range, as well as striking, sustainable design. I also believe we will generate more cash with our dealer model than selling direct.”
Shareholders of FSR stock should monitor the company closely as February 1st approaches. The NADA show has the potential to act as a catalyst for the stock, influencing its direction either upward or downward based on investor reactions to the event.
Fisker (NYSE: FSR) Stock Performance
FSR stock jumped 7.53% on Friday. The traders had exchanged hands with 42,987,763 (42.98 million) shares compared to the average daily trading volume of 29.44 million.
Edward Cooke is a financial analyst, freelance writer, and editor. He has six years of experience in financial journalism. He has an in-depth understanding of equities markets, tracking major indices and providing real-time analysis on stock price movements, corporate earnings, and market sentiment.
