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Is Rivian Stock a Buy Before Feb. 20?
Shares of Rivian Automotive (NASDAQ: RIVN) have struggled in recent years, losing around 90% of their value since hitting the public market in 2022. While the electric vehicle (EV) maker's products have been well-received by the automotive press (winning their fair share of quality and safety awards), the company continues to struggle with sluggish growth and catastrophic cash burn.Despite these challenges, Rivian's management remains optimistic about its ability to turn the situation around. Let's discuss three key factors investors should watch for in the company's upcoming fourth-quarter earnings report.Rivian CEO Ryan Scaringe has raised hopes for Rivian's fourth-quarter earnings, expected to drop on Feb. 20. The executive has promised to deliver a "modest" gross profit in the last three months of 2024 through a combination of lower materials cost and increased reliance on nonautomotive growth drivers such as green car credits -- a regulatory incentive which can be sold to other automakers that fail to meet increasingly strict emissions standards.Continue reading
Shares of Rivian Automotive (NASDAQ: RIVN) have struggled in recent years, losing around 90% of their value since hitting the public market in 2022. While the electric vehicle (EV) maker's products have been well-received by the automotive press (winning their fair share of quality and safety awards), the company continues to struggle with sluggish growth and catastrophic cash burn.
Despite these challenges, Rivian's management remains optimistic about its ability to turn the situation around. Let's discuss three key factors investors should watch for in the company's upcoming fourth-quarter earnings report.
Rivian CEO Ryan Scaringe has raised hopes for Rivian's fourth-quarter earnings, expected to drop on Feb. 20. The executive has promised to deliver a "modest" gross profit in the last three months of 2024 through a combination of lower materials cost and increased reliance on nonautomotive growth drivers such as green car credits -- a regulatory incentive which can be sold to other automakers that fail to meet increasingly strict emissions standards.
