The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is REE Automotive Ltd. (REE) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Auto-Tires-Trucks sector should help us answer this question.REE Automotive Ltd. is one of 102 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #15 in the Zacks Sector Rank. The ...

Overview of the Recent Transaction On September 19, 2024, M&G INVESTMENT MANAGEMENT LTD, a prominent investment firm, exceuted a significant transaction by acquiring an additional 2,163,837 shares of REE Automotive Ltd (REE, Financial). This move increased the firm's total holdings in REE to 3,910,851 shares, marking a substantial endorsement of the automotive company's potential. The shares were purchased at a price of $5.78 each, reflecting a strategic addition to M&G's portfolio. Insight into M&G INVESTM ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

Stock Performance and Price Targets - REE Automotive Ltd (REE) shares have surged 1282% over the past four weeks closing at $753 [1] - The mean price target from Wall Street analysts is $1160 indicating a potential upside of 541% [1] - Price targets range from a low of $4 to a high of $18 with a standard deviation of $586 [2] - The lowest estimate suggests a 469% decline while the most optimistic estimate points to a 139% upside [2] Analysts' Price Targets and Earnings Estimates - Analysts have revised earnings estimates higher indicating growing optimism about REE's earnings prospects [9] - The Zacks Consensus Estimate for the current year has increased 431% over the past month [10] - REE currently holds a Zacks Rank 2 (Buy) placing it in the top 20% of over 4000 ranked stocks [11] Limitations of Price Targets - Price targets can mislead investors more often than guide them as empirical research shows they rarely predict actual stock price movements [5] - Analysts may set overly optimistic price targets to generate interest in stocks of companies their firms have business relationships with [6] - A low standard deviation in price targets indicates high agreement among analysts but does not guarantee the stock will hit the average target [7] Investment Considerations - While consensus price targets should not be ignored they should be treated with skepticism and not be the sole basis for investment decisions [8] - The direction of price movement implied by price targets can be a useful guide for further research into fundamental driving forces [11]

Table of Contents REE AUTOMOTIVE LTD. INTERIM CONSOLIDATED FINANCIAL STATEMENTS Exhibit 99.2 REE AUTOMOTIVE LTD AND ITS SUBSIDIARIES INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2024 UNAUDITED INDEX INDEX TO FINANCIAL STATEMENTS Consolidated Interim Balance Sheets F-2 Consolidated Interim Statements of Comprehensive Loss F-3 Consolidated Interim Statement of Changes in Shareholders' equity F-4 Consolidated Interim Statement of Cash Flows F-5 Notes to the Interim Consolidated Financial Statements ...

Core Insights - REE Automotive Ltd. has partnered with Roush Industries to assemble its P7 electric truck lineup at Roush's facility in Detroit, with production set to begin in Q4 2024 and an annual capacity of up to 5,000 trucks [1][2][3] - Motherson will manage the global supply chain and logistics for the U.S. production, focusing on cost reduction and improved unit economics [1][3] - The P7 electric trucks utilize REE's proprietary REEcorner® technology, which allows for a flat electric chassis and increased interior volume, making them suitable for various applications [4][8] Company Overview - REE Automotive is an automotive technology company specializing in electric vehicles, offering modular platforms that allow for design flexibility and efficient production [8] - Roush Industries has extensive experience in vehicle manufacturing, providing capabilities that align with REE's production needs and business model of building vehicles to order [5][6] - The P7 lineup is designed to be autonomous-ready and can be powered by batteries or fuel cells, catering to the growing demand for electric commercial vehicles [4][8] Production and Logistics - The assembly of the P7 vehicles will be supported by a joint team from REE and Motherson, ensuring quality assurance and efficient logistics [2][3] - The partnership aims to accelerate production ramp-up and enhance cash flow generation for REE [1][3] - REE has established a network of 78 service and sales locations across North America, with access to over 200 fleets in the U.S. and Canada [4]

REE Automotive Ltd. (REE) shares soared 11% in the last trading session to close at $6.18. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 50.1% gain over the past four weeks. REE's shares are rising after it inked a deal with a major supplier to the automotive industry. Recently, REE Automotive entered into a strategic agreement with Motherson Group. Per the agreement, Motherson will manage supply chain operations and assist REE ...

Motherson is a global engineering and manufacturing specialist and one of the world's leading automotive suppliers. For FY24, it achieved gross revenue of USD 17.2 billion1. The group employs over 190,000 people in its 400 facilities spanning across 44 countries. Combining Motherson's manufacturing expertise and supply chain might with REE's market-leading software-defined EV product line-up promises to create a dominant new force in the electrified commercial vehicle market globally, allowing REE to provid ...

Core Viewpoint - Volt Carbon Technologies Inc. has initiated its 2024 exploration program at the Mount Copeland property, focusing on Rare Earth Elements (REE) and Molybdenum, with promising targets identified for sampling and analysis [1][2]. Exploration Program Overview - The exploration program will concentrate on sampling the tailings pond, which is believed to contain REE mineralization, and re-sampling the West extension, which previously showed good width and elevated REE levels [2] - The program aims to recover resources efficiently through targeted sampling and laboratory analyses, leveraging the geologically favorable conditions of the Mount Copeland property [2]. Historical Data and Potential - Historical geochemical analyses indicate significant REE and Niobium (Nb) potential across various zones, with notable findings from previous drilling and rock samples [3] - A 2010 geochemical analysis reported high-grade REE concentrations, including 13.1% Cerium (Ce), 10.2% Lanthanum (La), and 1.77% Neodymium (Nd) from a sample taken 400 meters east of the King Resources molybdenum mine site [3]. Qualified Persons Statement - The technical content of the news release has been reviewed by Andris Kikauka, P.Geo., a Qualified Person with over 30 years of experience in mineral exploration [8]. Update on Flow-Through Financing - The July 22, 2024, news release indicated adjustments to Finder Warrants, with the exercise price now set at $0.05 [9]. Company Overview - Volt Carbon is a publicly traded company focused on carbon science, energy storage, and green energy, with mining claims in Ontario, Quebec, and British Columbia [10].

REE's P7-C software-defined Class 4 electric vehicles are now available for purchase in all 50 states through a 4-year contract awarded to National Auto Fleet Group Sourcewell is a government agency dedicated to streamlining the procurement process by fulfilling the bidding requirements on behalf of their members REE is ready to take orders immediately from this new customer base TEL AVIV, Israel, July 30, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provi ...