Streetbeat News

REE

REE Automotive Ltd.

https://www.ree.auto

Industry

Auto - Recreational Vehicles

REE Automotive Ltd. operates in the e-mobility business. The company develops REEcorner technology, which integrates vehicle drive components, including steering, braking, suspension, powertrain, and control into the arch of the wheel. The company also develops REEboard, a flat and modular EV chassis. The company is headquartered in Herzliya, Israel.

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Shares of companies within the consumer discretionary sector are trading lower due to overall market weakness and concerns about a US economic slowdown, which could impact consumer spending.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 3:21 pm

HC Wainwright & Co. has reiterated its Buy rating on REE Automotive (NASDAQ:REE) and maintained a price target of $15.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 10:51 am

REE Automotive has started deliveries to customers including Penske, U-Haul, and Airbus. Penske Truck Leasing is offering REE's electric vehicles to its customers, U-Haul is evaluating REE's electric platform for fleet electrification, and Airbus is collaborating with REE on an autonomous program.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 10:42 am

REE Automotive (NASDAQ:REE) reported Q1 losses of $(1.96) per share, missing the analyst estimate of $(1.60) by 22.5%. Sales were $160K, missing the $550K estimate by 70.91%. Despite the miss, losses improved by 18.67% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 10:35 am

Airbus SE is showcasing its Optimate demonstrator vehicle at VivaTech to enhance airport safety through automated taxiing. The project aims to reduce ground collision risks and improve flight safety. The initiative involves collaboration with Ree Automotive Ltd and highlights the potential for automation in maneuvering large jets safely through crowded airports.

Portfolio Pulse from Shivani Kumaresan

May 24, 2024 | 2:06 pm

Roth MKM analyst Craig Irwin initiated coverage on REE Automotive Ltd. (NASDAQ:REE) with a Buy rating and a price target of $14. The analyst highlights REE's potential in billion-dollar markets and expects significant revenue growth and positive EBITDA by FY26. REE's recent partnership with Penske and its innovative REEcorner technology are key factors in its growth strategy.

Portfolio Pulse from Lekha Gupta

May 17, 2024 | 5:34 pm

Roth MKM has initiated coverage on REE Automotive with a Buy rating and set a price target of $14.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 9:43 am

REE Automotive announced that its P7-C electric trucks and platforms have been approved for a $30,000 incentive per vehicle in Massachusetts.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:38 am

REE Automotive Ltd (NASDAQ:REE) has partnered with Penske Truck Leasing to offer its P7-C EV trucks to Penske's customers, enhancing fleet electrification options. The collaboration includes Wabash National Corp (NYSE:WNC) for custom truck body upfitting. REE's shares rose by 4.26% following the announcement.

Portfolio Pulse from Anusuya Lahiri

May 15, 2024 | 10:30 am

Ree Automotive has announced a partnership with Penske Truck Leasing to offer its P7-C EV trucks for demos and orders across North America. This collaboration aims to expand the reach of Ree Automotive's electric vehicles in the commercial truck market.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 10:30 am

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