Ree Automotive’s (REE) Q3 results were reported on December 17, and the company is ending 2024 on a strong note with vehicle production, distribution, and dealer-centric servicing infrastructure now in place to support commercial sales to begin in the second half of 2025, H.C. Wainwright analyst Amit Dayal tells investors. The firm feels that the combination of the Motherson’s supply chain and distribution partnership, improved access to financing sources, and ramp in customer orders by 230% to $137M has transformed the outlook for the company. The firm has a Buy rating and $15 price target on the shares and projects delivery of a cumulative 90-100 vehicles during the second half of 2025, once the tooling equipment is in place at Coventry, U.K.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on REE:
