Rivian Automotive is an innovative electric vehicle manufacturer focused on producing environmentally friendly transportation solutions
The company designs and develops electric trucks and SUVs, aiming to disrupt the automotive industry by offering high-performance vehicles that are equipped with advanced technology and sustainable features. With an emphasis on outdoor adventure and exploration, Rivian's products cater to outdoor enthusiasts and promote an active lifestyle, while also prioritizing sustainability and reducing carbon emissions.
The brokerage raised GM’s price target to $48 from $45 while keeping a ‘Neutral’ rating, noting that the carmaker has established itself as the best Detroit-based automaker.
Rivian will soon have at least one police vehicle on the streets in the United States. A mayor's endorsement and sales pitch could help land more deals.
Piper Sandler, on Thursday, downgraded Rivian to ‘Neutral’ from ‘Overweight’ while reducing its price target to $13 from $19 after struggling to identify upside catalysts for the shares this year.
Across the world, more people are choosing Sport Utility Vehicles (SUVs) over smaller cars. This trend continues even though experts and environmental groups warn about the harmful effects of SUVs on the climate. Many believed that the future of transportation would be small, energy-efficient electric vehicles (EVs). However, SUVs remain the top choice for car buyers.
On Tuesday, March 18 at 12:30 PM ET, Rivian (NASDAQ: RIVN) Founder and CEO RJ Scaringe will participate in a fireside chat at the Wolfe Research Virtual Autos Summit. Emmanuel Rosner and Shreyas Patil from Wolfe will host. A live webcast of the fireside chat will be available here.
The $10-50 price range often includes mid-sized businesses with proven track records and plenty of growth runway ahead.
They also usually carry less risk than penny stocks, though they’re not immune to volatility as many lack the scale advantages of their larger peers.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Ford (NYSE:F) and the best and worst performers in the automobile manufacturing industry.
Jensen Huang will give a keynote speech at Nvidia's GTC conference next week. A keynote from Huang at CES earlier this year took Nvidia stock to highs.
