Lucid Group downgraded by Redburn Atlantic with a new price target
$LCID
Auto Manufacturing
Consumer Discretionary
Redburn Atlantic downgraded Lucid Group from Neutral to Sell and set a new price target of $1.13 from $3.50 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/18/2025 | $3.00 | Underweight → Equal-Weight | Morgan Stanley |
| 3/7/2025 | $2.29 | Hold | TD Cowen |
| 2/26/2025 | $3.00 → $1.00 | Neutral → Underperform | BofA Securities |
| 2/24/2025 | $3.50 → $1.12 | Neutral → Sell | Redburn Atlantic |
| 2/12/2025 | $5.00 | Buy | The Benchmark Company |
| 11/11/2024 | $4.00 | Hold → Buy | R. F. Lafferty |
| 8/6/2024 | $4.00 | Underweight → Neutral | Cantor Fitzgerald |
| 4/22/2024 | $2.90 | Neutral | Citigroup |
Partnership leverages growing resources in the Kingdom of Saudi Arabia to advance key areas in Lucid's technology roadmap while progressing the country's vision for sustainable mobility KING ABDULLAH ECONOMIC CITY, Saudi Arabia, May 5, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, and King Abdullah University of Science and Technology (KAUST), a leading academic and research institution focused on science and technology innovation with regional and global impact, today announced a strategic partnership designed to shape the future of EV technology. Leveraging the growing resources in the Kingdom of Saudi Arabia, Lucid aims to furt
Peter Rawlinson steps aside from prior roles, transitions to Strategic Technical Advisor to the Chairman, Marc Winterhoff Appointed Interim CEO NEWARK, Calif., Feb. 25, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today announced Peter Rawlinson has stepped aside from his prior roles. He will transition to the role of Strategic Technical Advisor to the Chairman of the Board. Marc Winterhoff, Chief Operating Officer, has been appointed Interim Chief Executive Officer. As part of the company's regular succession plan
NEWARK, Calif., Jan. 28, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today announced the appointment of Taoufiq Boussaid as Chief Financial Officer, planned to become effective February 25, 2025. Interim CFO Gagan Dhingra will be promoted to Senior Vice President, Finance and Accounting and also continue as Chief Accounting Officer, reporting to Boussaid once he assumes the CFO role. "Taoufiq is joining Lucid at a pivotal time as we ramp up production of the Lucid Gravity SUV and accelerate our progress toward ach
Produced 2,212 vehicles in Q1, excluding over 600 vehicles in transit to Saudi Arabia for factory gatingDelivered 3,109 vehicles in Q1; up 58.1% compared to Q1 2024Q1 revenue of $235.0 millionGAAP net loss per share of $(0.24); non-GAAP net loss per share of $(0.20)Ended the quarter with approximately $5.76 billion in total liquidityNEWARK, Calif., May 6, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today announced financial results for its first quarter ended March 31, 2025. The earnings presentation is available on its investor relations website (https://ir.lucidmotors.com).
NEWARK, Calif., April 2, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today announced production and delivery totals for the quarter ended March 31, 2025. During this period, Lucid produced 2,212 vehicles, plus over 600 additional vehicles in transit to Saudi Arabia for final assembly. The Company delivered 3,109 vehicles during the same period.1 Lucid will host a conference call to discuss its first quarter 2025 financial results on Tuesday, May 6, 2025, at 2:30 pm PT / 5:30 pm ET. Prior to the conference call, th
Produced 3,386 vehicles in Q4 and 9,029 vehicles in 2024, in line with the 2024 annual production guidance of 9,000 vehiclesDelivered 3,099 vehicles in Q4 and 10,241 vehicles in 2024; up 79% compared to Q4 2023 and up 71% compared to full year 2023Q4 revenue of $234.5 million and annual revenue of $807.8 millionGAAP net loss per share of $(0.22) in Q4 and $(1.25) in full year 2024; non-GAAP net loss per share of $(0.22) in Q4 and $(1.04) in full year 2024Ended the quarter with approximately $6.13 billion in total liquidity2025 production guidance of approximately 20,000 vehiclesAnnounced CEO transition; Marc Winterhoff, COO, appointed Interim CEO, Peter Rawlinson to serve as Strategic Techni
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Automotive Executive Brings Extensive Industry Experience to the Board of Directors NEWARK, Calif., June 5, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today announced the election of Douglas Grimm to its board of directors effective immediately. Grimm was elected at Lucid's 2025 Annual Meeting of Stockholders and will bring extensive automotive experience to Lucid's Board of Directors after having held executive positions at Chrysler Corporation as well as global automotive supply companies, including Metaldyne, Dana and Visteon.
Agreement involves Natural Graphite Material; complements existing 2024 agreement covering Synthetic Anode Active Materials Follows Graphite One's listing on U.S. Federal Fast-41 Permitting Dashboard and completion of its NI 43-101 compliant Feasibility Study funded by a $37.3 million Department of Defense award under the Defense Production Act Graphite One CEO, Anthony Huston: "This Agreement makes Graphite One the only company to date to provide both natural and synthetic graphite materials required for battery anodes to a U.S. EV company." VANCOUVER, BC, June 4, 2025 /PRNewswire/ - Graphite One Inc. (TSXV:GPH) (OTCQX:GPHOF) ("Graphite One", or the "Company"), is pleased to announce that
NEWARK, Calif., June 4, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today announced the signing of a multi-year supply agreement with Graphite One for American-sourced natural graphite, further strengthening the company's supply chain for American raw materials and resources. Following other recent agreements with Syrah Resources and Graphite One, future Lucid vehicles will increasingly utilize natural and high-performance synthetic graphite materials mined and produced at each company's facilities in the United States as a part of directed supply agreements with the company's battery cell suppliers.
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Morgan Stanley upgraded Lucid Group from Underweight to Equal-Weight and set a new price target of $3.00
TD Cowen initiated coverage of Lucid Group with a rating of Hold and set a new price target of $2.30
BofA Securities downgraded Lucid Group from Neutral to Underperform and set a new price target of $1.00 from $3.00 previously