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Why Rivian’s new DOE deal has failed to cheer Wall Street analysts
- Rivian has signed a $6.6 billion loan deal with the Department of Energy.
- Truist analysts' price target suggests the agreement is priced into RIVN.
- Rivian stock has rallied more than 50% over the past two months.
The US Department of Energy has agreed to lend $6.6 billion to Rivian Automotive Inc (NASDAQ: RIVN) to set up a new production facility in Georgia. Dubbed the “Project Horizon”, the 9 million square foot plant would produce an estimated 400,000 electric vehicles annually. In a statement last week, Rivian chief executive RJ Scaringe said: […]
January 20, 2025
Rivian soars 13% on Monday after double dose of good news
November 25, 2024
