08:50 AM EDT, 03/12/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our 12-month target to $0.25 from $0.75, a discount to peers. We lower our EPS estimates to -$1.50 from -$1.00 for '24 and to -$1.15 from -$0.55 for '25. FSR posts Q4 EPS of -$1.23 vs. -$0.53, well short of the -$0.13 consensus. Revenue of $200M on total deliveries of 3,818 units was well below the $311M consensus. FSR introduced 2024 deliveries guidance of 20K-22K units at an average price of $56K-$62K, implying full year revenue of roughly $1.12B-$1.36B, well below the $1.88B consensus. In 2023, FSR's deliveries totaled 4,929 units and production was 10,193 units. With losses expected to continue for the foreseeable future and cash down to only $396M at year-end, we see heightened risk of NYSE delisting and it issued a "going concern" warning. The one piece of news that investors could hang their hat on is that the company disclosed it is in negotiations with a large automaker for a potential transaction that could include an investment in Fisker ( FSR ) and joint development of one or more EV platforms.