Wall Street is getting increasingly bullish about U.S. electric-vehicle stocks—the latest one, QuantumScape, rose by more than one-third when it hit the market—but there is reason for caution amid the optimism. There aren’t all that many Wall Street opinions out there yet for investors to digest.
Citigroup analyst Itay Michaeli made the most recent bullish call. He picked up coverage of the electric-vehicle maker Fisker (ticker: FSR), calling shares a Buy and setting a target of $26 for the stock price.
Michaeli…
