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REE AutomotiveNASDAQ: REE

Profile

Industry:

Auto Parts

Country:

Israel

IPO:

13 January 2021

Next earnings report:

29 November 2024

Last dividends:

N/A

Next dividends:

N/A
$130.66 M
-91%vs. 3y high
28%vs. sector
-vs. 3y high
-vs. sector
-66%vs. 3y high
63%vs. sector
-vs. 3y high
-vs. sector

Price

after hours | Fri, 01 Nov 2024 22:17:34 GMT
$7.02-$0.13(-1.82%)

Dividend

No data over the past 3 years
$50.00 K$50.00 K

Analysts recommendations

Institutional Ownership

REE Latest News

REE Automotive to Present at Two Prestigious Events in Detroit and Los Angeles
globenewswire.com22 October 2024 Sentiment: POSITIVE

- 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

M&G INVESTMENT MANAGEMENT LTD Bolsters Stake in REE Automotive Ltd
gurufocus.com07 October 2024 Sentiment: POSITIVE

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.

Wall Street Analysts See a 54.05% Upside in REE Automotive (REE): Can the Stock Really Move This High?
zacks.com02 October 2024 Sentiment: POSITIVE

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.

REE Automotive CEO on Earnings Beat, Outlook for E.V. Industry
youtube.com26 September 2024 Sentiment: POSITIVE

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.

REE Automotive Provides Corporate and Business Updates and Reports Second Quarter 2024 Financial Results
globenewswire.com26 September 2024 Sentiment: POSITIVE

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 Appoints Roush as the US Contract Manufacturer for P7
zacks.com24 September 2024 Sentiment: POSITIVE

REE chooses Roush to assemble its P7 vehicles at Roush's Detroit-area facility to optimize production and speed up time to market.

REE Automotive Kick-Off U.S. Production With Roush Industries as Contract Manufacturer
globenewswire.com23 September 2024 Sentiment: POSITIVE

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.

Strength Seen in REE Automotive (REE): Can Its 11.0% Jump Turn into More Strength?
zacks.com19 September 2024 Sentiment: POSITIVE

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.

Rainbow Rare Earths pilot confirms innovative REE recovery in South Africa
proactiveinvestors.co.uk18 September 2024 Sentiment: POSITIVE

Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) told investors that its ‘pilot' at the Phalaborwa project, in South Africa, has confirmed its innovative process for recovering rare earth elements (REE) from phosphogypsum. The company, in a statement, said the breakthrough paves the way for the first commercial recovery of REEs using this method.

REE Announces Strategic Agreement With Motherson, Raises $45M
zacks.com17 September 2024 Sentiment: POSITIVE

REE enters into a strategic agreement with Motherson and secures deals with M&G Investments, Motherson and Varana Capital to raise $45.35 million.

  • 1(current)

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