Is Now The Time To Buy Stock In Fisker, Snap, Jumia Or FuelCell?

Loading...
Loading...

Fisker Inc FSR shares were trading higher by 21% following news of a collaboration with Foxconn on a new Electric Vehicle project.

Fisker designs and manufactures electric vehicles and mobility solutions. The company is headquartered in Manhattan Beach, California.

Snap Inc SNAP shares reached a new all-time high of $72.95 following the company’s Virtual Investor Day event. Snap’s leadership discussed an impressive revenue growth outlook of 50% per year.

Rosenblatt maintained Snap with a Buy and raising the price target from $70 to $100; KeyBanc maintains an Overweight and raises the price target from $63 to $87; Credit Suisse maintains an Outperform and raises the price target from $65 to $80.

See also: Best Online Stock Brokers

Snap has three products that drive revenue: Snapchat, Spectacles and Bitmoji.

Jumia Technologies AG - ADR JMIA is trading higher by 5% after the company reported fourth-quarter earnings. 

Jumia highlighted gross profit increased by 12% year-over-year, gross profit after fulfillment expenses reached a record €8.4mm and adjusted EBITDA loss decreased by 47% year-over-year.

Jumia is a leading e-commerce platform in Africa.

FuelCell Energy Inc FCEL shares are trading higher by 4% as clean energy manufacturing companies are seeing a recovery in share prices in the aftermath of the Texas winter storm.

Also, on Tuesday's edition of "Mad Money," Jim Cramer advised a viewer with a long position in FuelCell to take some off the table and let the rest run.

FuelCell designs manufactures, sells, installs, operates, and services fuel-cell products, which efficiently convert chemical energy in fuels into electricity through a series of chemical reactions.

Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: MoversTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...