Profile
Sector:
Consumer CyclicalIndustry:
Auto PartsCountry:
IsraelIPO:
13 January 2021Website:
http://www.ree.autoNext earnings report:
29 November 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | 1 min agoDividend
Analysts recommendations
Institutional Ownership
REE Latest News
TEL AVIV, Israel, Nov. 18, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced it will report its third quarter 2024 financial results before the market opens on Tuesday, December 17, 2024.
TEL AVIV, Israel, Nov. 14, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE) (“REE” or the “Company”), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced the appointment of Rajesh Goel, president at Motherson Group (“Motherson”), to its board of directors and announced the return of Hai Aviv as Chief Financial Officer (CFO) to lead REE's North American expansion. Both appointments take effect on November 15, 2024.
- CEO and Co-Founder Daniel Barel will speak on two panels at Reuters Automotive USA in Detroit October 21-23 alongside C-suite representatives from auto-heavyweights - Chief Operations Officer Josh Tech will present at the LD Micro Main Event in Los Angeles October 28-30
On September 19, 2024, M&G INVESTMENT MANAGEMENT LTD, a prominent investment firm, executed a significant transaction by acquiring an additional 2,163,837 shares of REE Automotive Ltd (REE, Financial). This move increased the firm's total holdings in REE to 3,910,851 shares, marking a substantial endorsement of the automotive company's potential.
The mean of analysts' price targets for REE Automotive (REE) points to a 54.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Daniel Barel, CEO of REE Automotive (REE), talks about how the company "came off its best quarter ever." He talks about the ways REE is expanding its presence in the EV industry, and what still needs to be done to drive growth for electric vehicle fleets in America.
Completed $45.35 million Registered Direct offering led by M&G and Motherson securing production capital needs Signed strategic agreement with Motherson, a global automotive supplier, to strengthen REE's supply chain management and cost structure, improve working capital efficiencies and expand outreach to global OEMs Kicked-off U.S. production in Michigan with Roush as contract manufacturer for full vehicle assembly, with start of production planned for Q4 2024 and deliveries in 2025 Narrowed Q2 2024 net loss by 57% QoQ while concurrently reducing free cash flow burn by 19% QoQ Increased order book by 15% QoQ, and by 289% YoY, which is valued at approximately $60 million to date as demand for Powered by REE vehicles continues to grow; REE's dealership network expands to 78 sales and service location in the U.S. Observed significant growth of OEM interest in REE's software-defined EV technology Company will hold a conference call at 8:30 a.m. ET today, September 26, 2024, which can be accessed via webcast at investors.ree.auto or web registration; and via conference call dial-in TEL AVIV, Israel, Sept.
REE chooses Roush to assemble its P7 vehicles at Roush's Detroit-area facility to optimize production and speed up time to market.
TEL AVIV, Israel, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Marking a significant milestone on its path to electrifying fleet vehicles across North America, REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced that it has selected Roush Industries, a leading innovative vehicle contract manufacturer, to assemble REE's P7 vehicles at Roush's Detroit-area factory. REE will continue to manufacture its proprietary REEcorner® technology in its UK Coventry Integration Center. With a focus on speed to market and impeccable build quality, Roush's assembly team unites decades of design, engineering, machining, fabrication, testing, manufacturing, and supply chain expertise to deliver a scalable process for REE. Roush will be supported onsite by a joint REE and Motherson team, who will be responsible for overall quality assurance, logistics, and testing.
REE Automotive (REE) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
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What type of business is REE Automotive?
REE Automotive Ltd. operates as an automotive technology company in France, the United Kingdom, the United States, and internationally. The company offers REEcorner, a compact module that integrates critical vehicle drive components comprising as steering, braking, suspension, powertrain, and control between the chassis and the wheel; and REEplatform that allows for the addition of a modular and customizable top hat/cabin design based on customer specifications, without requiring modification to the platform. It also provides P7-S Strip Chassis for commercial delivery vehicles and walk-in vans; P7-C Chassis Cab and Cutway Chassis, a class 4 chassis cab fully electric commercial truck for delivery and a range of vocational applications; and P7-B Box Truck, a class 3 box truck built on a P7 cab chassis with its all-wheel drive and all-wheel steer for vehicle control for better handling and safety in adverse conditions. It serves original equipment manufacturer, delivery and logistic fleets, dealers, e-commerce retailers, new mobility players, mobility-as-a-service providers, and autonomous drive companies. The company is headquartered in Herzliya, Israel.
What sector is REE Automotive in?
REE Automotive is in the Consumer Cyclical sector
What industry is REE Automotive in?
REE Automotive is in the Auto Parts industry
What country is REE Automotive from?
REE Automotive is headquartered in Israel
When did REE Automotive go public?
REE Automotive initial public offering (IPO) was on 13 January 2021
What is REE Automotive website?
https://www.ree.auto
Is REE Automotive in the S&P 500?
No, REE Automotive is not included in the S&P 500 index
Is REE Automotive in the NASDAQ 100?
No, REE Automotive is not included in the NASDAQ 100 index
Is REE Automotive in the Dow Jones?
No, REE Automotive is not included in the Dow Jones index
When was REE Automotive the previous earnings report?
No data
When does REE Automotive earnings report?
The next expected earnings date for REE Automotive is 29 November 2024