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Added to YB: 2024-09-10

Pitch date: 2024-06-30

RIVN [bullish]

Rivian Automotive, Inc.

+38.93%

current return

Author Info

No bio for this author

Company Info

Rivian Automotive, Inc., together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories.

Market Cap

$19.1B

Pitch Price

$13.46

Price Target

N/A

Dividend

N/A

EV/EBITDA

-7.49

P/E

-4.96

EV/Sales

2.95

Sector

Automobiles

Category

growth

Show full summary:
Meridian Hedged Equity Fund Porfolio Holding - Rivian Automotive, Inc.

RIVN trimmed position: EV maker focused on adventure vehicles, trucks & vans. Strong brand, products & vertical integration. Cost cuts & positive gross margins by end 2024. VW JV (up to $5B) validates tech & improves financing. Trimmed after strong performance.

Read full article (1 min)