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Rivian Automotive

All articles tagged with #rivian automotive

investing1 month ago•3 min saved

Micron and Rivian: A $1,000 Play for AI Chips and Electric Trucks in 2026

The piece argues that a $1,000 stake in Micron Technology and Rivian Automotive could yield meaningful long‑term gains in 2026 and beyond: Micron benefits from booming AI data‑center memory demand, reporting 57% revenue growth to $13.6B and about $8.4B in free cash flow in its fiscal Q1, while trading at a forward P/E around 11.5; Rivian, despite near‑term EV headwinds and reduced government incentives, has room to grow as Ford retreats from EVs and it expands with new products, supported by a low valuation (P/S around 3.2) and solid revenue growth (Q3 revenue up 78% YoY to $1.56B). Still, macro policy shifts and sector cycles pose risks to this thesis.

via The Motley Fool|

#ai-demand #electric-vehicles #investing

business2 years ago•3 min saved

Rivian Halts Georgia Plant and Launches Affordable Electric SUVs

Rivian Automotive delays construction of its $5 billion Georgia plant and shifts production of its new R2 electric SUV to its existing facility in Illinois, aiming to start deliveries as early as the first half of 2026. The move is expected to save the company $2.25 billion in capital expenditures and comes amid a slowdown in demand for EVs. Despite concerns over cash and consumer demand, Rivian plans to proceed with the Georgia factory, albeit with a delayed timeline, as it remains a crucial part of its long-term strategy.

via New York Post |

#business #electric-vehicles #ev-market

finance2 years ago•3 min saved

Rivian Stock: Analysts Trim Sales Forecasts as 2024 Looms

Analysts have downgraded their revenue forecasts for Rivian Automotive, Inc. (NASDAQ:RIVN), with a consensus view predicting slower revenue growth and increased losses per share. The consensus price target also fell, reflecting concerns about the company's weaker revenue and earnings outlook. While the long-term trajectory of the company's earnings remains important, the drastic downgrade to this year's forecasts suggests a more cautious outlook for Rivian Automotive.

via Simply Wall St|

#analysts #finance #revenue-forecasts

finance2 years ago•2 min saved

"Rivian Stock Faces Bleak Future Amid Investor Concerns"

Rivian Automotive disappointed investors with a lack of growth expectations for 2024, prompting a double downgrade from UBS analyst Joseph Spak and a significant reduction in the firm's price target. With concerns about waning demand for its high-priced electric trucks and the need for fresh capital, the stock faces a potential 20% downside, unless unexpected developments such as partnering with another automaker occur.

via Yahoo Finance|

#electric-vehicles #finance #rivian-automotive

finance2 years ago•1 min saved

Rivian's Rollercoaster Ride: Earnings Beat Expectations, Stock Plunges, Analyst Calls, and Make or Break Year Ahead

Rivian Automotive's full year 2023 results show a 167% increase in revenue to US$4.43 billion and a narrowed net loss of US$5.43 billion, with an improved loss per share of US$5.74. While revenue beat expectations, earnings per share fell short. The company's shares are down 30% from a week ago, and a 33% annual revenue growth is forecasted for the next 3 years. However, there are 3 warning signs for Rivian Automotive that investors should be aware of.

via Yahoo Finance|

#earnings #eps #finance

finance2 years ago•3 min saved

"Analyzing Rivian's Stock Performance and Future Prospects"

Rivian Automotive's low price-to-sales ratio (P/S) of 4.2x may indicate bullish signals compared to other US auto companies, but further investigation is needed to determine if it's justified. Despite strong revenue growth, the company's P/S remains suppressed, possibly due to market expectations of future revenue performance. Analysts anticipate a 55% annual revenue climb over the next three years, positioning the company for stronger results than the industry average, yet its P/S ratio remains lower than expected. This discrepancy suggests potential risks and volatility in future revenues, prompting caution among investors.

via Simply Wall St|

#finance #price-to-sales-ratio #revenue-growth

technology2 years ago•4 min saved

"Apple's Hardware VP Departs for EV Maker Rivian After 25 Years"

DJ Novotney, a top hardware engineering architect at Apple for 25 years, is leaving the company to join Rivian Automotive as senior VP of vehicle programs. Novotney played a key role in the development of iconic Apple products like the iPod, iPhone, iPad, and Apple Watch, and was involved in "Project Titan," Apple's autonomous electric vehicle project. His departure follows a trend of senior Apple executives leaving the company in recent years, including Tang Tan and Steve Hotelling.

via MacRumors|

#apple #departure #hardware-engineering

finance2 years ago•2 min saved

Rivian Stock Plummets Amid Downgrade and EV Market Focus

Rivian Automotive (NASDAQ: RIVN) stock is down 6% after an analyst downgraded its price target by nearly 35% due to a weak 2024 outlook, citing risks to volumes and margins. Despite efforts to ramp up production and improve gross loss per vehicle, concerns about demand, order fulfillment, and achieving a positive margin persist. Investors await the company's Q4 and full-year numbers on Feb. 21 for clarity on its path forward.

via Yahoo Finance|

#analyst-downgrade #electric-vehicles #finance

finance2 years ago•2 min saved

"Assessing Rivian Stock Amid Recent Volatility"

Rivian Automotive stock has experienced a significant drop, with analysts expressing concerns about the company's 2024 production volume and margins. Deutsche Bank downgraded Rivian shares and lowered the price target, citing potential challenges ahead. However, there is optimism for positive margins by the fourth quarter and the unveiling of the R2 EV platform. Despite risks, Rivian's unique lineup of EVs makes it an intriguing speculative investment, but investors should carefully consider the company's production challenges and the overall market landscape before making a decision.

via Yahoo Finance|

#deutsche-bank #electric-vehicles #finance

finance2 years ago•5 min saved

"Rivian Stock: Predicting Future Performance in 2024"

Rivian Automotive's stock has dropped over 23% in the first two weeks of 2024 after a surge in December. The company's stock is expected to remain volatile due to its speculative nature and future growth potential. Despite the stock's unpredictability, Rivian's production and delivery data show consistent growth, and its losses are stabilizing. The company's cash position remains strong, but it is unlikely to reach positive cash flow in 2024. Investors should focus on Rivian's path to profitability, cash management, production growth, and consumer reception rather than short-term stock price fluctuations. However, investing in Rivian is considered speculative and suitable only for those with a high-risk tolerance.

via Yahoo Finance|

#electric-vehicles #finance #investment

finance2 years ago•2 min saved

Rivian Automotive (RIVN) Faces Steeper Decline Amid Market Turbulence

Rivian Automotive (RIVN) closed at $17.82, down 1.33% from the previous day, underperforming the S&P 500. The company's shares have decreased by 24.12% over the last month, not keeping up with the Auto-Tires-Trucks sector's loss. Rivian's upcoming earnings report is expected to show a year-over-year growth of 20.81% in earnings per share and an 89.33% increase in revenue. Analysts' estimate changes have a direct correlation with stock price performance, and Rivian currently holds a Zacks Rank of #4 (Sell). The Automotive - Domestic industry, to which Rivian belongs, has a Zacks Industry Rank of 181, placing it in the bottom 29% of all industries.

via Yahoo Finance|

#earnings-report #finance #rivian-automotive

finance2 years ago•5 min saved

"2024's Top Growth Stocks You Can't Afford to Overlook"

As interest rates are expected to come down in 2024, investors are eyeing growth stocks such as Rivian Automotive, Hexcel, and Fluence Energy. Rivian's strong balance sheet and potential for profitability make it an attractive investment despite recent stock price fluctuations. Hexcel stands to benefit from increased airplane production and composite content, while Fluence Energy's strong end to 2023 and growing backlog position it well for 2024, making it a promising renewable energy stock for growth investors.

via The Motley Fool|

#finance #fluence-energy #growth-stocks

business2 years ago•4 min saved

"RIVN, META, and ABBV: Trending Stocks to Consider for Betting"

Rivian Automotive (RIVN) is a trending stock that has returned -1.2% over the past month. The company's earnings estimates have been revised downwards, with a projected loss of $1.37 per share for the current quarter. However, the consensus sales estimate for the current quarter indicates a year-over-year change of +93.3%. Rivian Automotive has a strong track record of beating earnings estimates and reported revenues of $1.34 billion in the last quarter, representing a year-over-year change of +149.4%. The stock is currently rated Zacks Rank #3 (Hold) and is trading at a premium to its peers.

via Yahoo Finance|

#business #earnings-estimates #revenue-growth

business2 years ago•1 min saved

"Stocks Soaring: Palantir, PepsiCo, Rivian, and More Make Big Pre-Market Moves"

Palantir's shares rose 2.3% after securing a $250 million contract from the U.S. Army for AI and machine learning testing; Unity Software's stock surged nearly 6% following the announcement of CEO John Riccitiello's retirement and the appointment of James M. Whitehurst as interim chief; Rivian Automotive saw a 3% increase in premarket trading after being upgraded to buy by UBS, citing improved fundamentals and potential upside; PepsiCo's shares rose approximately 1% after beating third-quarter earnings expectations; Ameris Bancorp's stock rose 1% after being upgraded to buy by DA Davidson due to its insulation from unrealized losses tied to higher interest rates.

via CNBC|

#ameris-bancorp #business #palantir

business2 years ago•1 min saved

Rivian Automotive's Stock Plummets as Price Target is Slashed

Wedbush Securities has lowered its price target on Rivian Automotive to $25, citing low confidence in the management team's investor messaging and execution. Despite remaining bullish on Rivian's growth prospects and potential as a long-term winner in the electric vehicle market, Wedbush believes the company's recent strategic moves have raised its risk profile. Rivian is set to report earnings on November 7, and its shares fell 2.45% in premarket trading.

via Seeking Alpha|

#business #convertible-note-offering #electric-vehicles