Here's Why Fisker Stock Jumped Wednesday
Shares of electric-vehicle start-up Fisker (NYSE: FSR) jumped as much as 20% Wednesday after the company announced plans for a new manufacturing agreement with Foxconn Technology. The memorandum of understanding (MOU) seeks to have Foxconn -- a component supplier for Apple (NASDAQ: AAPL) also known as Hon Hai Precision (OTC: HNHPF) -- manufacture electric vehicles (EVs) under the Fisker brand. Today's bounce comes after Fisker shares dropped 10% on Tuesday.
