In recent days, volatility in electric vehicle (EV) stocks has ratcheted up once again. Established and early-stage names alike have sold off. Fisker (NYSE:FSR) is no exception. Already moving lower, this latest, much sharper drop has pushed FSR stock back to around $11 per share.
Now, this isn’t the first time this former special purpose acquisition company (SPAC) has fallen back to its initial offering price. In fact, it happened several times last year, quickly followed up by a big spike higher. Of course, there’s no guarantee that will be the case this go-around.
But if you’re bullish on the EV trend, and are looking to add positions to your portfolio after the sell off? You may want to consider this stock. It’s possible the market is underestimating its chances of grabbing a decent share of the mass affluent EV market.
Find out more about Fisker stock here
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