Rivian Automotive (RIVN) Produces 13,992 EVs in Q2, Delivered 12,640
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North America and Europe lead surge in global EV demand
July 5, 2023 9:41 AM EDTAnalyst Ranulf Orr from Citi Research reported a surge in demand for Battery Electric Vehicles (BEV) in May, with a 46% increase compared to the previous year. The primary drivers of demand growth were Europe and North America, experiencing respective year-on-year rises of 59% and 50%. In contrast, China's growth was more... More
Needham raises estimates on Rivian (RIVN), adds EV maker to Conviction List
July 5, 2023 7:58 AM EDTNeedham reiterated a Buy rating on Rivian (NASDAQ: RIVN) and raised their 12-month price target for the stock to $28.00 (From $26.00) after the electric automaker reported their 2Q production and delivery results. Needham also decided to add RIVN to its Conviction List (replacing ACVA).
RIVN reported Q2 production of ~14k vehicles, representing an... More
DA Davidson Upgrades Rivian Automotive Inc (RIVN) to Neutral, 'The Headlines Gradually Turn Positive'
July 5, 2023 7:35 AM EDTDA Davidson analyst Michael Shilsky upgraded Rivian Automotive Inc (NASDAQ: RIVN) from Underperform to Neutral with a price target of $18.00 (from $11.00).
The analyst comments "We are upgrading RIVN to NEUTRAL (from UNDERPERFORM) as the cadence of headlines on the company begins to shift... More
Rivian Automotive Inc (RIVN) PT Raised to $28 at Needham & Company, Adds to Conviction List
July 5, 2023 5:25 AM EDTNeedham & Company analyst Chris Pierce raised the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $28.00 (from $26.00) while maintaining a Buy rating.
The analyst comments "We reiterate our Buy rating, add RIVN to the Needham Conviction List (replacing ACVA), and raise our... More
Rivian (RIVN) jumps 14% after smashing 2Q delivery estimates
July 3, 2023 9:53 AM EDTShares of California-based electric automaker, Rivian (RIVN) surged almost 14% in early trading Monday after the EV start-up overcame Wall Street expectations to deliver 12,640 vehicles in the second quarter. A 59% increase over last years delivery results.
It produced 13,992 vehicles at its manufacturing facility in Normal, Illinois during the same... More
