R.F. Lafferty analyst Jaime Perez initiated coverage of Fisker with a Buy rating and $23 price target. The market for electric vehicles, or EVs, has increased “dramatically” over the past several years, noted Perez, who points out that Fisker plans to introduce a prototype of its Ocean all-electric SUV in mid-2021, launch production of the Ocean in late 2022, and has a stated goal to become a “premium automaker producing more than 100,000 units.”