Fisker shares rocket up 30% as the EV maker sees potential for profit and strikes a 'game changer' deal for charging stations

• Fisker shares jumped 30% on Monday following updates from the EV maker.

• The company said it expects to make a profit this year and it reached a deal for access to charging stations in North America.

• Reservations for its Ocean SUV rose in the fourth quarter.

Fisker shares shot up by a third Monday as a profitability call by the electric vehicle maker and an agreement for charging stations appeared to take precedence over a quarterly loss that missed expectations.

The stock jumped as much as 36% to $7.75, a more than two-week high, then pared the advance to close by a still-hefty 30% at $7.41.

The surge came after the release of the company's fourth-quarter financial results. In it, Fisker reiterated its 2023 production target of up to 42,400 units, offering a contrast to last week's weak production goal from EV rival Lucid as it deals with supply-chain problems.

Fisker also said it had about 65,000 reservations for its Ocean SUV, up from 62,000 at the end of October.

In addition, management forecast "potentially positive" earnings before interest, taxes, depreciation, and amortization for 2023.