In another sign that Wall Street is holding electric carmakers and nearby companies firmly in sight, Morgan Stanley began covering Fisker Inc. stocks. and several others.
Shares of Fisker FSR,
the EV maker that went public in October through a blank check company, received a purchase rate, as did shares of QuantumScape Corp. QS,
which also went public last year through SPAC and made waves in December with what it described as a breakdown in solid-state battery technology.
As more carmakers and companies such as Apple Inc., which has reportedly been developing an electric car for years, work to secure a domestic supply of solid-state batteries, so may QuantumScape “In very good condition,” the auditors, led by Adam Jonas, said in their note on Friday.
If the technology, proposed by many, works at a scale “we see an opportunity for (QuantumScape) to be one of the largest companies under our cover,” he said.
As for Fisker, it stands out “as one of the more risky and strategically supported business models,” said Morgan Stanley. Investors may be disparaging Fisker’s path to trading with the deal with auto parts maker Magna International Inc. MGA,
he joined in January.
Analysts set a price target of $ 70 for QuantumScape and $ 27 for Fisker, representing a turnover of over 30% and 40%, respectively, from Friday’s prices.
Morgan Stanley started construction maker EV Lordstown Motors Corp. RIDE,
at the same level of sales, says the company is against “a flood of new competition in EV construction from beginner levels to legacy OEMs with far greater scale and circulation benefits. ”It set its price target on Lordstown at $ 18, representing a fall of around 35% from Friday’s prices.
Romeo Power Inc. battery starter. RMO,
also start at a level equal to the level of sales. The company “sits in the middle / bottom part of the battery value chain and is unlikely to be involved in vehicle design or cell technology,” the analysts said.
Too much of her contracted income comes from Nikola Corp. NKLA,
and Lion Electric Co., based in Canada, and stock performance is tied to how quickly Romeo can turn orders and maintain margins against “tough competition. Analysts had a $ 12 price target for Romeo, representing a downturn of around 30%.