Cowen initiated coverage on Romeo Power with a new price target
$RMO
Automotive Aftermarket
Consumer Discretionary
Cowen initiated coverage of Romeo Power with a rating of Outperform and set a new price target of $18.00
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/2/2022 | Buy → Neutral | BTIG | |
| 10/27/2021 | $4.00 | Outperform → Market Perform | Cowen |
| 8/20/2021 | $7.00 → $4.00 | Underweight | Morgan Stanley |
Several electric vehicle (EV) startups are facing an uncertain future, with at least 18 predicted to deplete their cash reserves by the end of 2024, according to a recent Wall Street Journal analysis. What Happened: The study indicates that many EV and battery startups that went public recently have experienced a significant drop in their cash flow. This includes high-profile companies like Nikola Corp. (NASDAQ:NKLA) and Fisker Inc. (NYSE:FSR), which previously garnered substantial investor attention with their ambitious industry-transforming plans. However, these startups have been hit hard by rising costs and production problems. Three firms — Lordstown Motors, Proterra, and Electric
5E Advanced Materials appoints, an experienced global executive, Ms. Susan Seilheimer Brennan as Chief Executive Officer (CEO) Prior to her appointment at 5E Advanced Materials, Ms. Brennan was President and CEO of NYSE-listed Romeo Power (NYSE:RMO), a leader in advanced electrification solutions for commercial vehicles This appointment is an integral part of the 5E Advanced Materials business strategy to become a globally significant producer of boron and lithium HOUSTON, March 21, 2023 (GLOBE NEWSWIRE) -- 5E Advanced Materials, Inc. (NASDAQ:FEAM) (ASX: 5EA) ("5E" or the "Company"), a boron and lithium company with U.S. government Critical Infrastructure designation for its 5E Boro
Iteris, Inc. (NASDAQ:ITI), the world's trusted technology ecosystem for smart mobility infrastructure management, today announced that Kerry A. Shiba will join the company as senior vice president & CFO effective February 3, 2023. Shiba will report to Joe Bergera, Iteris president and CEO, and will oversee the company's finance, information systems, legal, supply chain, and manufacturing functions. "As Iteris continues to demonstrate increasing market adoption of its industry-leading smart mobility infrastructure products and services, Kerry brings valuable know-how to accelerate the execution of our growth strategy," said Mr. Bergera. "During his impressive career, Kerry has created signif
HIGHLIGHTS 5E Advanced Materials appoints, an experienced global executive, Ms. Susan Seilheimer Brennan as Chief Executive Officer (CEO) Prior to her appointment at 5E Advanced Materials, Ms. Brennan was President and CEO of NYSE-listed Romeo Power (NYSE:RMO), a leader in advanced electrification solutions for commercial vehiclesThis appointment is an integral part of the 5E Advanced Materials business strategy to become a globally significant producer of boron and lithium HOUSTON, March 21, 2023 (GLOBE NEWSWIRE) -- 5E Advanced Materials, Inc. (NASDAQ:FEAM) (ASX: 5EA) ("5E" or the "Company"), a boron and lithium company with U.S. government Critical Infrastructure designation for its 5E
Iteris, Inc. (NASDAQ:ITI), the world's trusted technology ecosystem for smart mobility infrastructure management, today announced that Kerry A. Shiba will join the company as senior vice president & CFO effective February 3, 2023. Shiba will report to Joe Bergera, Iteris president and CEO, and will oversee the company's finance, information systems, legal, supply chain, and manufacturing functions. "As Iteris continues to demonstrate increasing market adoption of its industry-leading smart mobility infrastructure products and services, Kerry brings valuable know-how to accelerate the execution of our growth strategy," said Mr. Bergera. "During his impressive career, Kerry has created signi
- Yun Han named Chief Accounting Officer and Interim Chief Financial Officer - - Initial Funding Expected This Week Under $60 Million Financing Agreement - Faraday Future Intelligent Electric Inc. ("Faraday Future" or the "Company") (NASDAQ:FFIE), a California-based global shared intelligent electric mobility ecosystem company, today announced the appointment of Yun Han as Chief Accounting Officer and Interim Chief Financial Officer, effective October 25, 2022. Ms. Han replaces Becky Roof, who served as interim Chief Financial Officer until October 12, 2022, and is assisting the Company to ensure an orderly transition. This press release features multimedia. View the full release here: htt
HIGHLIGHTS 5E Advanced Materials appoints, an experienced global executive, Ms. Susan Seilheimer Brennan as Chief Executive Officer (CEO) Prior to her appointment at 5E Advanced Materials, Ms. Brennan was President and CEO of NYSE-listed Romeo Power (NYSE:RMO), a leader in advanced electrification solutions for commercial vehiclesThis appointment is an integral part of the 5E Advanced Materials business strategy to become a globally significant producer of boron and lithium HOUSTON, March 21, 2023 (GLOBE NEWSWIRE) -- 5E Advanced Materials, Inc. (NASDAQ:FEAM) (ASX: 5EA) ("5E" or the "Company"), a boron and lithium company with U.S. government Critical Infrastructure designation for its 5E
- Yun Han named Chief Accounting Officer and Interim Chief Financial Officer - - Initial Funding Expected This Week Under $60 Million Financing Agreement - Faraday Future Intelligent Electric Inc. ("Faraday Future" or the "Company") (NASDAQ:FFIE), a California-based global shared intelligent electric mobility ecosystem company, today announced the appointment of Yun Han as Chief Accounting Officer and Interim Chief Financial Officer, effective October 25, 2022. Ms. Han replaces Becky Roof, who served as interim Chief Financial Officer until October 12, 2022, and is assisting the Company to ensure an orderly transition. This press release features multimedia. View the full release here: htt
Romeo Power, Inc. ("Romeo Power" or the "Company") (NYSE:RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, today announced the appointment of Leon Kaunitz as senior vice president of product engineering. Kaunitz will play a critical leadership role in the Company's efforts to deliver advanced electrification products with full integration on commercial vehicles and other complex applications. His primary areas of responsibility will include management of mechanical design, thermal and stress validation, engineering processes across all product development efforts including research and development of thermal systems
15-12G - Romeo Power, Inc. (0001757932) (Filer)
EFFECT - Romeo Power, Inc. (0001757932) (Filer)
S-8 POS - Romeo Power, Inc. (0001757932) (Filer)
4 - Romeo Power, Inc. (0001757932) (Issuer)
4 - Romeo Power, Inc. (0001757932) (Issuer)
4 - Romeo Power, Inc. (0001757932) (Issuer)
SC 13G - Romeo Power, Inc. (0001757932) (Subject)
SC 13G/A - Romeo Power, Inc. (0001757932) (Subject)
SC 13D/A - Romeo Power, Inc. (0001757932) (Subject)
Acquisition will secure control of critical battery pack engineering and production processTransaction expected to yield annual cost savings of up to $350 million by 2026Romeo's Cypress, California facility will become Nikola's Battery Center of ExcellenceNikola to host analyst and investor webcast on August 1 at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time)PHOENIX, Aug. 1, 2022 /PRNewswire/ -- Nikola Corporation (NASDAQ:NKLA), and Romeo Power, Inc. (NYSE:RMO), today announced they have entered into a definitive agreement in which Nikola, a global leader in zero-emissions transportation and energy infrastructure solutions, will acquire Romeo, an energy technology leader delivering advance
Accelerates revenue growth and commercialization as average daily production rates increase Reiterates full-year 2022 revenue guidance supported by growing diversity of customer relationships across previously untapped markets Romeo Power, Inc. ("Romeo Power" or the "Company") (NYSE:RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, today announced its financial results for the fiscal first quarter ended March 31, 2022. Quarterly Financial Highlights Delivered total revenues of $11.6 million, in-line with the Company's annual expectations Supported by product revenues of $11.4 million, an increase of $10.8 mill
Romeo Power, Inc. ("Romeo Power" or the "Company") (NYSE:RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, today announced that it plans to report results for its fiscal first quarter ended March 31, 2022 on May 9, 2022. A conference call to discuss the financial and operational results is scheduled for May 9, 2022 at 2:00 PM U.S. Pacific Time (5:00 p.m. U.S. Eastern Time). Investors, analysts, and members of the media interested in listening to the live presentation are encouraged to join a webcast of the call, available on the Company's website at www.investors.romeopower.com. Interested parties may also participa
BTIG downgraded Romeo Power from Buy to Neutral
Cowen downgraded Romeo Power from Outperform to Market Perform and set a new price target of $4.00
Morgan Stanley reiterated coverage of Romeo Power with a rating of Underweight and set a new price target of $4.00 from $7.00 previously