FSR Stock Alert: Fisker Kicks Off Business in Germany


  • Fisker (FSR) stock is moving as the electric vehicle (EV) company expands to Germany.
  • This is part of Fisker’s larger rollout across Europe.
  • Today’s news also saw the company open two new customer facilities in Munich.
FSR Stock - FSR Stock Alert: Fisker Kicks Off Business in Germany

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Fisker (NYSE:FSR) stock is on the move Monday after the electric vehicle (EV) company revealed the start of its business in Germany today.

Fisker notes that it started this with the registration of the first Fisker Ocean in Germany. The company is also supporting its business in the country by opening two new customer facilities in Munich.

Henrik Fisker, chairman and CEO of Fisker, said the following in a news release:

“Having spent the early years of my career in the automotive industry here, it’s great to be back in Germany and Munich as we open new facilities for our customers […] I’m also excited I got my European Fisker Ocean today.”

Investors will note that this expansion to Germany is part of a larger European rollout. That saw Fisker deliver the first Ocean to a customer in Denmark on Friday, May 5. Investors will likely hear more about Fisker’s European expansion in the near future.

What This Means for FSR Stock

Investors are likely to benefit from Fisker expanding its business in Europe. Reaching new customers opens the EV company up to more sales, which should have a positive effect on future earnings reports.

FSR stock is down slightly on Monday despite the Germany expansion news.

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On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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