Lordstown Motors Reports First Quarter 2021 Financial Results
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R.F. Lafferty Downgrades Lordstown Motors (RIDE) to Hold
May 25, 2021 10:17 AM EDTR.F. Lafferty analyst Jaime Perez downgraded Lordstown Motors (NASDAQ: RIDE) from Buy to Hold with a price target of $9.00 (from $35.00).
The analyst commented, "The decline in price target reflects our lower revenue estimates for 2021 and 2022, which assumes that ramping up... More
Lordstown Motors (RIDE) PT Lowered to $20 at BTIG
May 25, 2021 5:32 AM EDTBTIG analyst Gregory Lewis lowered the price target on Lordstown Motors (NASDAQ: RIDE) to $20.00 (from $40.00) while maintaining a Buy rating.
The analyst comments "RIDE announced 1Q21 earnings post-market close, and the stock quickly traded down 9%-10% in after-hours trading. First, the good: As a pre-production company, the focus remains on... More
UPDATE: Lordstown Motors (RIDE) Misses Q1 EPS by 44c, Offers Outlook, To Seek Additional Capital
May 24, 2021 4:03 PM EDT(Updated - May 24, 2021 4:04 PM EDT)
Lordstown Motors (NASDAQ: RIDE) reported Q1 EPS of ($0.72), $0.44 worse than the analyst estimate of ($0.28).
Executive Commentary
We are proud to have built 48 out of 57 of our beta vehicles and are on schedule to conclude the beta program approximately by the end of June, stated Lordstown Motors Chairman and CEO Steve Burns. We are incredibly satisfied with beta vehicle test results so far. We recently passed two of the most difficult crash tests and, as such, believe we remain on track to... More
