Fisker hits record-low after chief accounting officer resigns

Faraday Future Intelligent Electric

21/11/2023 16:24

** Shares of EV firm Fisker  FSR.N  fall 9.4% to $2.13,
hitting an all-time low
    ** FSR's chief accounting officer Florus Beuting resigns
within two weeks of being appointed to the role
    ** Separately, FSR receives notice from the New York Stock
Exchange for late filing of its 10Q
    ** BofA Global Research moves the FSR stock to "under
review" and says investors should no longer rely upon its
previously published reports or price objectives on the stock
    ** "Recent events... give us less confidence in the
company's financials and, subsequently, our earnings forecasts,"
the brokerage says in a note
    ** Other EV stocks also down; Faraday Future  FFIE.O , Blink
Charging  BLNK.O , Rivian Automotive  RIVN.O , Lucid  LCID.O 
Canoo  GOEV.O  down between 5% and 10%
    ** FSR is down 71% YTD 

 (Reporting by Pranav Kashyap in Bengaluru)