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Fisker stock price forecast remains defensive

Model: NS-40F401NA26
SKU: 6614066
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Fisker stock price forecast remains defensive, analysts pointing to cash burn rates as a primary driver. Institutional ownership declines may keep stock pressed below $0.70 unless fresh funding is announced. Today's announcement doesn't add a whole lot of color to those plans. Fisker reiterated that "over 100 dealers in North America and Europe" have expressed interest in partnering with Fisker, and that it hopes building such a network will help it to "significantly scale [its deliveries of] Fisker Ocean" electric SUVs . Fisker also insisted that despite adding the complications of a dealership model, it will continue to benefit from an "asset light business model." Further details will probably have to wait until next week, when Fisker CEO Henrik Fisker will sit down with NADA's public affairs VP Jonathan Collegio for a livestreamed interview. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Fisker stock price forecast includes competitive pressure analysis from Tesla price cuts, which might compress Fisker’s market penetration projections and cap SP growth.