Rivian Automotive (RIVN) shares rose Friday, a day after the electric vehicle maker announced it had finalized a federal loan worth up to $6.6 billion to build a factory in Georgia.
Rivian and the Department of Energy have finalized a $6.6 billion loan announced in November with just a few days left until Donald Trump's inauguration. The company will use the loan to help build out its planned factory in Georgia, east of Atlanta, with construction beginning in 2026.
RIVN receives a $6.6 billion loan approval from the DOE to build a manufacturing plant in Georgia, which is set to produce SUVs and crossover vehicles.
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.
Like other electric vehicle start-ups, Rivian (RIVN 3.59%) is trying to find its footing in an increasingly competitive market. The company has built a strong brand, outpacing all other automakers for customer satisfaction two years in a row, according to Consumer Reports.
One of the more high-profile electric vehicle (EV) stocks on the scene, pickup and SUV manufacturer Rivian Automotive (RIVN 3.59%), had a fine Thursday on the stock exchange. Investors traded the company's shares up by almost 4% on news that it had secured billions of dollars in financing from a very reliable source.
I've been a big fan of Rivian Automotive (RIVN 4.50%) for some time. The company is clearly capable of tremendous growth.
Rivian Automotive (RIVN) reachead $13.34 at the closing of the latest trading day, reflecting a -1.11% change compared to its last close.
Rivian (RIVN -2.60%) is a high risk stock that only more aggressive investors should be looking at. But, if you are looking at it, it might be worth jumping aboard before it releases fourth quarter 2024 and full year 2024 earnings on Feb. 20.
Over the past 12 months, Rivian (RIVN -2.53%) shares have been stuck under $20. That's a far cry from their all-time high of around $130.
There's no denying Tesla has been the centerpiece of the electric vehicle (EV) revolution to date. And rightfully so.
Rivian's (RIVN -2.53%) stock price has been volatile over the last 12 months, gyrating in price between $8 and $20. But make no mistake: Long term, this electric vehicle (EV) maker has huge growth potential.