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.

Open

11.50

Mkt cap

141M

Volume

66K

High

11.63

P/E Ratio

-1.17

52-wk high

11.72

Low

9.70

Div yield

N/A

52-wk low

2.91

REE Automotive Ltd. (Nasdaq: REE) will release its Q3 2024 financial results on December 17, 2024, before the market opens.

Portfolio Pulse from

November 18, 2024 | 9:45 pm

REE Automotive Ltd. has strengthened its executive leadership team and board of directors with two key appointments. Rajesh Goel from Motherson Group joins the board, and Hai Aviv returns as CFO to lead North American expansion.

Portfolio Pulse from

November 14, 2024 | 1:30 pm

Idaho Strategic Resources, Inc. (NYSE American:IDR) has provided an update on its rare earth elements (REE) landholdings, focusing on the Lemhi Pass project. A recent study indicates a favorable mix of REEs, with high concentrations of magnet and heavy REEs. The company plans to focus on this project for the 2025 REE exploration field season.

Portfolio Pulse from

November 13, 2024 | 12:15 pm

The article highlights significant intraday movements in consumer discretionary stocks. Connexa Sports Techs, REE Automotive, Container Store Group, Mondee Holdings, and MEDIROM Healthcare Techs saw notable gains, while Jiade, Children's Place, JX Luxventure, Digital Brands Group, Ambow Education Holding, and Algorhythm Holdings experienced declines.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 4:31 pm

HC Wainwright & Co. analyst Amit Dayal has reiterated a Buy rating for REE Automotive and maintained a price target of $15.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 10:11 am

REE Automotive reported a Q2 loss of $(0.97) per share, beating the analyst estimate of $(1.51). The company ended Q2 with $60.5M in liquidity, despite a significant year-over-year increase in losses.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 10:39 am

REE Automotive shares are trading higher after announcing a partnership with Roush Industries to assemble its P7 electric trucks, starting in Q4 2024. The collaboration aims to optimize production costs and reduce market entry times.

Portfolio Pulse from Dylan Berman

September 23, 2024 | 5:56 pm

REE Automotive shares rose after announcing Roush Industries will assemble its P7 vehicles in Detroit.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 2:57 pm

REE Automotive Ltd. has announced the start of U.S. production for its P7 electric truck line-up in partnership with Roush Industries. Production will begin in Q4 2024 at Roush's Detroit facility, with an annual capacity of up to 5,000 trucks. Motherson will manage the global supply chain and logistics. This move is expected to accelerate production, reduce costs, and improve cash flow.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 1:30 pm

REE Automotive Ltd. (NASDAQ:REE) has announced a strategic alliance with Motherson Group, securing a $45.35 million investment through a direct offering. This partnership will enhance REE's production capabilities and support its expansion in the electric vehicle market.

Portfolio Pulse from Lekha Gupta

September 16, 2024 | 4:44 pm

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