Ree Automotive’s (REE) Q3 outcomes had been reported on December 17, and the corporate is ending 2024 on a powerful be aware with automobile manufacturing, distribution, and dealer-centric servicing infrastructure now in place to assist industrial gross sales to start within the second half of 2025, H.C. Wainwright analyst Amit Dayal tells traders. The agency feels that the mixture of the Motherson’s provide chain and distribution partnership, improved entry to financing sources, and ramp in buyer orders by 230% to $137M has remodeled the outlook for the corporate. The agency has a Purchase ranking and $15 worth goal on the shares and initiatives supply of a cumulative 90-100 autos in the course of the second half of 2025, as soon as the tooling tools is in place at Coventry, U.Ok.
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