Fisker Inc (NYSE:FSR) shares are trading higher by 17.5% to $0.18 Friday morning, rebounding following recent reports the EV manufacturer is considering bankruptcy.

The stock is rebounding Friday after Fisker executives late Thursday issued a statement. Fisker declined to comment on market rumors and speculation but mentioned their collaboration with external advisors to manage the business and execute strategies.

The company late Thursday emphasized its focus on raising capital, forming a strategic partnership with a major automaker, and transitioning from a direct-to-consumer model to a dealer-based approach. They reassured stakeholders that the leadership team is dedicated to these initiatives.

Fisker shares fell sharply late Wednesday after a WSJ report indicated that the EV manufacturer is considering bankruptcy. The report suggested the company has enlisted restructuring advisers, including financial adviser FTI Consulting and law firm Davis Polk, to assist with a potential bankruptcy filing.

This development follows Fisker’s recent disclosure of preliminary fourth-quarter results, where it cautioned about significant doubts regarding its ability to sustain operations in its upcoming annual financial statements for 2023 filed with the SEC.

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How To Buy FSR Stock

By now you're likely curious about how to participate in the market for Fisker – be it to purchase shares, or even attempt to bet against the company.

In the the case of Fisker, which is trading at $0.2 as of publishing time, $100 would buy you 500.0 shares of stock.

According to data from Benzinga Pro, FSR has a 52-week high of $7.22 and a 52-week low of $0.14.