FSR

Fisker, Inc.

Industrial/Transportation, SPAC


Presented:12/04/2020
Price:$17.15
Cap:$1.18B
Current Price:$0.00
Cap:$0.00B

Presented

Date12/04/2020
Price$17.15
Market Cap$1.18B
Ent Value$2.97B
P/E RatioN/A
Book ValueN/A
Div Yield0%
Shares O/S69.00M
Ave Daily Vol11,804,039
Short IntN/A

Current

Price$0.00
Market Cap$0.00B
Fisker, Inc. engages in researching, developing, and producing next generation electrically powered vehicles. The company was founded by Henrik Fisker and Geeta Gupta-Fisker in 2016 is headquartered in Manhattan Beach, CA.

Publicly traded companies mentioned herein: Fisker Inc (FSR), General Motors Co (GM), Hyliion Holdings Corp (HYLN), Lordstown Motors Corp (RIDE), Luminar Technologies Inc (LAZR), Star Peak Energy Transition Corp (STPK), Switchback Energy Acquisition Corp (SBE)

Highlights

The presenter believes there are opportunities to make money on SPACs both on the front end if an investor is able to participate in pipes (i.e., long position) and on the back end as lockups expire after the company de-SPACs (i.e., short position). While the front end opportunity has been in favor with investors in recent years, he views the back end opportunity as underappreciated. The presenter is therefore short shares of Fisker Inc (FSR) and Lordstown Motors Corp (RIDE), which he highlights as two companies that will de-SPAC the soonest and thus are closest to their lockup dates, after which they could experience major selling pressure.

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Idea Discussion

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