Wells Fargo initiated coverage on REE Automotive with a new price target
$REE
Auto Manufacturing
Consumer Discretionary
Wells Fargo initiated coverage of REE Automotive with a rating of Underweight and set a new price target of $1.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/17/2024 | $14.00 | Buy | ROTH MKM |
| 12/1/2023 | $4.00 → $4.00 | Neutral → Underweight | Cantor Fitzgerald |
| 11/17/2022 | Buy → Neutral | BTIG Research | |
| 3/25/2022 | $1.00 | Underweight | Wells Fargo |
| 1/14/2022 | $9.00 | Overweight | Cantor Fitzgerald |
| 9/14/2021 | $5.00 | Underweight | Morgan Stanley |
| 8/18/2021 | $20.00 | Buy | BTIG |
- 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 TEL AVIV, Israel, Oct. 22, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (NASDAQ:REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced that CEO and co-founder Daniel Barel will speak at Reuters Automotive USA in Detroit and Chief Operations Officer Josh Tech will present at the LD Micro Main Event XVII in Los Angeles. Both events are highly prestigious, with audi
Completed $45.35 million Registered Direct offering led by M&G and Motherson securing production capital needsSigned 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 OEMsKicked-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 2025Narrowed Q2 2024 net loss by 57% QoQ while concurrently reducing free cash flow burn by 19% QoQIncreased order book by 15% QoQ, and by 289% YoY, which is valued at approximately $60 million to date as demand for P
Production of P7 electric truck line-up to begin Q4 2024 at Roush's facility in Detroit, Michigan, with annual capacity of up to 5,000 trucks.Motherson to manage global supply chain and logistics for U.S. production as well as on-site manufacturing and quality assurance support via Motherson SAS in Detroit. Faster production ramp up, improved unit costs, and accelerated road to free-cash flow generation are expected.Customers have begun securing production slots. 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 provid
4 - REE Automotive Ltd. (0001843588) (Issuer)
4 - REE Automotive Ltd. (0001843588) (Issuer)
TEL AVIV, Israel, Sept. 11, 2023 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (NASDAQ:REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced that Carlton Rose has been appointed Chairman of its Board of Directors (Board), effective upon his re-election to the Board at REE's 2023 Annual Meeting of Shareholders scheduled for October 16, 2023 (AGM). Rose joined REE's Board in June shortly after retiring from a long and distinguished career at UPS where he last served as the president of global fleet maintenance and engineering. "I would like to congratulate Carlton on his appointment as Chairman in such paramount stage for REE as we prep
TEL-AVIV, Israel, March 15, 2023 (GLOBE NEWSWIRE) -- GlobeNewswire – REE Automotive Ltd. (NASDAQ:REE), an automotive technology company and provider of electric vehicle (EV) platforms, today announced that David Goldberg, who has served as Chief Financial Officer since 2022, will be stepping down from his current executive duties on March 28, 2023, to pursue other career opportunities. He will continue to work with the company through the end of June 2023 in a new role as a senior advisor. David will be succeeded by Mr. Yaron Zaltsman who has been appointed Chief Financial Officer effective March 29, 2023. Mr. Zaltsman is an experienced CFO and Board Member of several publicly listed co
TEL AVIV, Israel, April 05, 2022 (GLOBE NEWSWIRE) -- REE Automotive ("REE") (NASDAQ:REE), today announced the appointment of operations and manufacturing executive Josh Tech as the company's chief operations officer (COO). Josh joins REE after serving on Tesla's Operations Leadership Team as Head of the New Product/Manufacturing Introduction group. Previously, he oversaw manufacturing development and launch at a worldwide leader in automotive exterior design, development, and manufacturing, and most recently served as Vice President of Manufacturing and Engineering for one of America's most advanced construction technology firms, Plant Prefab. Based in the U.S., Josh replaces Michael Charl
SCHEDULE 13G - REE Automotive Ltd. (0001843588) (Subject)
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6-K - REE Automotive Ltd. (0001843588) (Filer)
ROTH MKM initiated coverage of REE Automotive with a rating of Buy and set a new price target of $14.00
Cantor Fitzgerald downgraded REE Automotive from Neutral to Underweight and set a new price target of $4.00 from $4.00 previously
BTIG Research downgraded REE Automotive from Buy to Neutral
SC 13G/A - REE Automotive Ltd. (0001843588) (Subject)
SC 13G/A - REE Automotive Ltd. (0001843588) (Subject)
SC 13D/A - REE Automotive Ltd. (0001843588) (Subject)
TEL AVIV, Israel, Sept. 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 second quarter 2024 financial results before the market opens on Sept. 26, 2024. A webcast and conference call will be held on the same date at 8:30 a.m. ET to review the Company's financial results for the three months ended June 30, 2024, discuss recent events and conduct a question-and-answer session. Event: REE's Second Quarter Financial Results Conference CallDate: Thursday, Sept. 26, 2024Time: 8:30 a.m. ETConference Call Dial-In: https://register.vevent.com/register/
TEL AVIV, Israel, May 17, 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 it will report its first quarter 2024 financial results before market open on Thursday, May 30, 2024. A webcast and conference call will be held on the same date at 8:30 a.m. ET to review the Company's financial results for the three months ended March 31, 2024 , discuss recent events and conduct a question-and-answer session. Event: REE's First Quarter Financial Results Conference CallDate: Thursday, May 30, 2024Time: 8:30 a.m. ETConference Call Dial-InWebcast Reg
TEL AVIV, Isreal, March 22, 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, will release its fourth quarter and fiscal year 2023 financial results before market open on Wednesday, March 27, 2024. A webcast and conference call will be held on the same date at 8:30 a.m. ET to review the Company's financial results for the fourth quarter and fiscal year 2023, discuss recent events and conduct a question-and-answer session. The live webcast of the conference call can be accessed on the Investors section of the Company's website at investors.ree.auto. Click
HC Wainwright & Co. analyst Amit Dayal reiterates REE Automotive (NASDAQ:REE) with a Buy and maintains $15 price target.
The company said that Penske Truck Leasing begins to offer Powered by REE® Electric Vehicles to its customers. U-Haul received Powered by REE electric platform and is evaluating it as the first solution to support the electrification of its fleet. Airbus and REE collaborate on an autonomous program utilizing REE's P7-C full by-wire and autonomous-ready technology, which opens REE to new autonomous driving markets.
REE Automotive (NASDAQ:REE) reported quarterly losses of $(1.96) per share which missed the analyst consensus estimate of $(1.60) by 22.5 percent. This is a 18.67 percent increase over losses of $(2.41) per share from the same period last year. The company reported quarterly sales of $160.00 thousand which missed the analyst consensus estimate of $550.00 thousand by 70.91 percent.