Streetbeat News

RIVN

Rivian Automotive, Inc.

Industry

Auto - Manufacturers

Rivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles and accessories. The company offers five-passenger pickup trucks and sports utility vehicles. It provides Rivian Commercial Vehicle platform for electric Delivery Van with collaboration with Amazon.com. The company sells its products directly to customers in the consumer and commercial markets. Rivian Automotive, Inc. was founded in 2009 and is based in San Jose, California.

Open

14.02

Mkt cap

15B

Volume

31M

High

14.41

P/E Ratio

-2.57

52-wk high

24.61

Low

13.75

Div yield

N/A

52-wk low

8.26

RWW has signed a long-term power purchase agreement with electric vehicle manufacturer Rivian. The terms of the agreement have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 1:27 pm

Tesla remains the top EV brand in California despite a 12.6% drop in registrations. California's BEV market share is significantly higher than the national average. Tesla's Model Y and Model 3 are the best-selling EVs in the state, with the Cybertruck also in the top ten.

Portfolio Pulse from Anan Ashraf

October 31, 2024 | 9:10 am

Shares of electric vehicle (EV) companies are trading lower, potentially in sympathy with Ford Motor's decline following its Q3 earnings report and FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 6:45 pm

Financial giants have shown a bearish sentiment towards Rivian Automotive (NASDAQ:RIVN) through options trading, with 92% of trades being bearish. The price target for RIVN is between $2.0 and $17.5. Analysts have mixed ratings, with a consensus target price of $13.4.

Portfolio Pulse from Benzinga Insights

October 25, 2024 | 8:02 pm

Tech stocks are rallying as investors anticipate earnings from major companies like Microsoft, Apple, Meta, Amazon, and Alphabet. Tesla continues its upward trend, while the S&P 500 and Nasdaq 100 see gains. The Dow Jones is down, and the U.S. dollar is strengthening. ETFs like SPY, QQQ, and XLK are performing well.

Portfolio Pulse from Piero Cingari

October 25, 2024 | 5:19 pm

Rivian Automotive's short interest has increased by 11.98%, with 19.07% of its float sold short. This is significantly higher than its peers' average of 8.51%. The high short interest could indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

October 25, 2024 | 3:15 pm

Rivian Automotive shares are trading higher following Tesla's strong Q3 results, reflecting optimism in the EV market. Rivian is also collaborating with Patagonia and Sol Systems on a renewable energy project in North Carolina, promoting sustainability and STEM education.

Portfolio Pulse from Nabaparna Bhattacharya

October 24, 2024 | 5:53 pm

Rivian, Patagonia, and Sol Systems have partnered to advance renewable energy through the 50 MWac Lick Creek Solar project in North Carolina. This initiative aims to reduce carbon emissions and demonstrate the positive impact of renewable energy procurement.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 11:33 am

The automotive industry is adapting to the EV era with different strategies. General Motors exceeded earnings expectations, Ford is focusing on hybrids, and Stellantis plans to launch an EV fleet with solid-state batteries. Worksport is enhancing the pickup experience with innovative tonneau covers.

Portfolio Pulse from Upwallstreet

October 24, 2024 | 11:32 am

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 7:50 pm

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