REE Automotive Ltd. - Class A Ordinary Shares (REE)
8.1900
-0.0800 (-0.97%)
Ree Automotive Ltd is a technology company focused on revolutionizing the automotive industry with its innovative electric vehicle platform
The company specializes in developing a flat, modular architecture that integrates critical vehicle components, such as electric motors, batteries, and control systems, into a single platform. This design approach allows for greater flexibility and efficiency in creating various types of electric vehicles, from delivery vans to passenger cars. By prioritizing sustainability and performance, Ree Automotive aims to enable a new generation of environmentally friendly transportation solutions.
REE shares are trading higher on Monday after the company announced it selected Roush Industries to assemble REE's P7 vehicles at Roush's Detroit-area factory.
REE Automotive shares up after announcing $45.35M investment from Motherson and M&G Investments, expected to support production and meet demand for electric trucks.
Analyst initiates Buy rating for REE Automotive with $14 price target. Expects growth catalyst in FY24, revenue ramp in FY25, positive margins in FY26.
REE Automotive Q4 FY23 sales surge 116% Q/Q but miss analyst expectations. Revenue at $455,000 falls short of $1.35 million estimate. Non-GAAP EPS loss at $(3.15) misses consensus $(2.38).
REE Automotive Ltd. NASDAQ: REE) shares are trading higher on Thursday after the company announced that it began deliveries of its P7-C electric chassis cab after it received a Federal Motor Vehicle Safety Standards
