In terms of earnings estimate revisions for Rivian Automotive, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at -$3.78. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Rivian’s total book value, the difference between its assets and liabilities, was $5.5 billion as of June 30, 2021.
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You can obtain Rivian’s investor relations material in the Investors section of our website. You can view our executive officers by visiting the Governance section of our Investor Relations website or visit the Our Company page to learn about our entire leadership team. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
Events & Documents
A Lucid Air Grand Touring electric luxury car is displayed at Lucid Motors’ studio and service center in Beverly Hills, Calif., on Feb. 25. The retail giant has committed to buying 100,000 delivery vehicles from Rivian — a big deal for the fledgling automaker. It’s a lot for a company that has built only a couple of hundred vehicles and hasn’t turned a profit yet. But Rivian is hoping to echo Tesla’s vertiginous rise from automotive startup to mass-market manufacturer. At Rivian, we’re committed to showing that a successful business can also be good for the planet. That by exploring more responsibly today, we can preserve the environment for the generations that come after us.
Rivian is also building the Rivian Adventure Network, a series of charging stations along popular routes and out-of-the-way destinations. The charging stations can add up to 120 miles of range to a battery pack in just 20 minutes. The Rivian R1S began production in 2022 and began deliveries later that year.
Insiders that own company stock include Motor Co Ford, Robert J Scaringe, Kjell Gruner, Claire Mcdonough, Jay T Flatley, Jeff Baker, Jiten Behl and Rose M Marcario. New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company’s weighted average against that of other companies. Privacy Policy | No cost, no obligation to buy anything ever.Past performance is no guarantee of future results. Rivian has tens of thousands of preorders but expects to deliver only 1,000 vehicles by the end of 2021. The company’s factory in Normal, Ill., can hypothetically produce hundreds of thousands of vehicles, but Brinley says to be truly sustainable, Rivian will need to expand to more plants.
Either way, the splashy debut is sure to draw a lot of attention to the startup and its electric vehicles. It has also provided Rivian with a crucial windfall, as it needs a lot of money to grow — and survive — in the notoriously cash-hungry automotive business. Rivian lost $994 million in the first six months of 2021 alone and has said in regulatory filings that it expects to spend another $8 billion by the end of 2023. The interior of Rivian’s all-electric pickup truck R1T as it sits at one of the automaker’s facilities in Brooklyn, N.Y., on Nov. 9.
- At the COP26 climate talks on Wednesday, dozens of governments and companies embraced a target of selling only zero-emission vehicles by 2040 — or 2035 in major markets.
- Rivian faces a wide range of competitors both in the broader automobile industry and in the small, but fast growing EV segment.
- The vehicle comes with a 240 to 400-mile range depending on the battery and motor combination and individual driving styles.
- The public markets have also been on an outrageous run over the last few years — a run that was supercharged over the last 18 months by an influx of retail traders and a boom in electric vehicle companies going public.
- These returns cover a period from January 1, 1988 through August 5, 2024.
- It essentially means replacing every new gas- or diesel-powered vehicle with an electric one.
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +23.68% per year. These returns cover a period from January 1, 1988 through August 5, 2024.
Rivian Automotive MarketRank™ Stock Analysis
The company said that these deliveries generated estimated revenue of between $0 and $1 million for the three-month period ended Sept. 30, 2021. The company has been able to finance its operations primarily through the sale of securities and from borrowing. Shares of EV-maker Tesla, the most valuable automobile company in the world, fell nearly 3% during the same period, between the debut of Rivian’s shares and close of trading on Friday. While both companies operate within the market for EVs, Rivian’s niche is all-terrain vehicles whereas Tesla’s specialty is sedans and SUVs. Ford, which has been focusing on expanding sales of EVs and has a nearly 10 reasons bitcoin is a terrible investment 12% stake in Rivian, saw its shares fall about 1% over the roughly three days of trading. Established automakers are launching electric versions of their pickup trucks, including Ford, the maker of the bestselling pickup in America.
Rivian is among the greenest of the EV makers choosing to achieve carbon neutrality well ahead of the Paris Climate Accord timeline. On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
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Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock’s price movement. Tesla is currently the world’s most valuable automaker, despite producing fewer vehicles than its rivals. Rivian has never declared or paid 10 great mutual funds to invest in for the long haul any cash dividends on our capital stock, and does not anticipate declaring or paying any dividends in the foreseeable future. Top institutional shareholders of Rivian Automotive include Baillie Gifford & Co. (3.32%), Wolverine Asset Management LLC, Susquehanna International Group LLP and Renaissance Technologies LLC (0.55%).
The company vehicles are designed for sustainability and long lifespans across all components with repairability and reusability key to the end result. That includes engineering specifications such as easily removable batteries and batteries that can be easily recycled or repurposed into stationary power packs when their EV lifespan is spent. Analysts’ steady views regarding the company’s earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term. Rivian said that it expects to generate most of its revenue in the near term from sales of vehicles, accessories, and regulatory credits.
Electric vehicle startup Rivian is now a publicly traded company after executing one of the biggest initial public offerings in history. Rivian shares started trading on the Nasdaq stock exchange Wednesday at around $78 per share. That gave Rivian an overall valuation of nearly $80 billion and helped it net $12 billion in fresh cash, despite the fact that it only just recently started to make and ship its first electric pickup trucks.
Total cash and cash equivalents on the company’s balance sheet at the end of the June were $3.7 billion. Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
It has been and continues to be the case that analysts employed by brokerage firms new zealand dollar to swiss franc exchange rate are overly optimistic with their recommendations. Because of their employers’ vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision. Rivian estimates that its net loss for the recent quarterly period was between $1.2 billion and $1.3 billion. Those quarterly losses were more than four times larger than the same quarter a year earlier.
Rivian Automotive Inc. (RIVN) designs and manufactures electric vehicles (EVs) and accessories and offers related services. The company produces and has begun delivery of its first-generation consumer vehicle, which is a two-row, five-passenger pickup truck named the R1T. Later this year it plans to begin delivering a three-row, seven-passenger SUV named the R1S. These vehicles are equipped with a set of advanced technology systems and are designed to accommodate consumers with active lifestyles.