Rivian Automotive (RIVN) Prices $1.5B Convertible Notes Offering
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UBS upgrades Rivian (RIVN) to Buy following capital raise
October 10, 2023 9:41 AM EDTUBS upgraded electric automaker, Rivian (NASDAQ: RIVN) to a Buy rating (From Neutral) but cut their 12-month price target to $24.00 (From $26.00) following the companys most recent capital raise.
RIVN stock has experienced a decline of around 20% since 10/04. This drop can be attributed to the company's issuance of a $1.5... More
Needham Positive on Rivian Automotive Inc (RIVN), Reiterates Conviction List Pick
October 10, 2023 6:39 AM EDTNeedham & Company analyst Chris Pierce reiterated a Buy rating and $31.00 price target on Rivian Automotive Inc (NASDAQ: RIVN).
The analyst comments "We reiterate our Buy rating, $31 price target and Needham Conviction List pick on RIVN post 3Q23 delivery numbers and a convertible debt... More
'Patience is wearing thin' as Wedbush cuts estimates on Rivian (RIVN)
October 9, 2023 8:23 AM EDTWedbush reiterated their Outperform rating on Rivian (NASDAQ: RIVN) but cut their 12-month price target on the stock to $25.00 (From $30.00) as the companys robust demand continues to be overshadowed by execution/messaging missteps.
Just this past week, on the heels of a strong 3Q delivery and production report, the electric automaker announced a $1.5... More
U.S. releases new guidance on EV tax credit rebate rules
October 6, 2023 10:26 AM EDTThe U.S. Treasury Department has issued fresh guidelines on Friday, outlining updated regulations that make it simpler for individuals to recover costs associated with electric vehicle purchases using the existing EV tax incentives.
Beginning on January 1, consumers will have the option to transfer these credits directly to a car dealership, effectively reducing the purchase price for the vehicle. This change is expected to potentially boost EV... More
