Rivian Automotive, Inc. Class A Common Stock (RIVN)
Rivian Stock Soars as EV Maker Says Production Issues Have Been Resolved
Shares of Rivian Automotive (RIVN) soared Friday after the maker of electric trucks and SUVs reported full-year production that exceeded its previously lowered estimates and said that a problem that affected output had been resolved.
Rivian smashes Q4 delivery expectations with profitability in its sights
Rivian Automotive Inc (NASDAQ:RIVN) blew passed expectations for its fourth-quarter production and delivery numbers, sending its shares nearly 22% higher on Friday morning. The electric vehicle (EV) maker is making progress in its bid for profitability and overcoming a critical component shortage that had hindered production.
RBC expects Rivian shares to react 'favorably' to Q4 deliveries
RBC Capital analyst Tom Narayan reiterated a Sector Perform rating and $12 price target on Rivian Automotive after the company announced vehicle deliveries for Q4. While the Q4 delivery figure was largely expected it does add to the firm's confidence in management's expectation that Q4 will be gross profit positive, the analyst tells investors in a research note. As discussed, the firm believes it is likely that Rivian will hit this critical benchmark, in part thanks to $275M in contracted regulatory credit revenues all coming in Q4. As a result, the firm expects shares to react favorably given the beat.
Rivian's full year deliveries meet reduced expectations
CNBC's Phil LeBeau reports on news from Rivian.
Rivian wraps 2024 with more than 50,000 EVs delivered
Rivian finished last year having delivered 51,579 electric SUVs, trucks, and vans, more than triple the number it shipped to customers in 2023.
EV maker Rivian beats expectations for deliveries as supply snag eases
Rivian surpassed analysts' expectations for fourth-quarter deliveries on Friday and said its production was no longer constrained by a component shortage, a positive sign for the electric vehicle maker aiming to turn its first profit.
Rivian meets its 2024 vehicle production target after lowering projections
Rivian Automotive's 2024 vehicle production and deliveries were in line with the company's previously announced expectations. Rivian in October lowered its 2024 production target to a range of 47,000 to 49,000 vehicles.
Why Rivian Automotive (RIVN) Dipped More Than Broader Market Today
The latest trading day saw Rivian Automotive (RIVN) settling at $13.25, representing a -0.38% change from its previous close.
Rivian Automotive, Inc. (RIVN) is Attracting Investor Attention: Here is What You Should Know
Recently, Zacks.com users have been paying close attention to Rivian Automotive (RIVN). This makes it worthwhile to examine what the stock has in store.
Why Rivian Stock Is Jumping Today
Rivian Automotive (RIVN 2.28%) stock is making gains in Tuesday's trading. The electric vehicle (EV) company's share price was up 5% as of 11:30 a.m.
Should You Buy Rivian Stock While It's Below $15?
Rivian Automotive (RIVN -2.78%) stock has been on the upswing in the latter part of the year. Shares of the electric vehicle (EV) maker have soared 38% over the past month, as of this writing.
3 Reasons to Buy Rivian Stock Like There's No Tomorrow
Rivian Automotive (RIVN -0.14%) is not an investment that conservative investors should be looking at right now. However, aggressive investors might find the upstart electric vehicle (EV) maker of particular interest as 2024 draws to a close.
