Core Insights - New Age Metals Inc. (NAM) is focusing on its Platinum Group Metals (PGM) division, particularly the River Valley Palladium Project in Ontario and the Genesis PGM-Cu-Ni Project in Alaska, as part of its strategy to develop critical and precious metal projects in North America [1][3][23] PGM Division Overview - The PGM division is a core part of NAM's strategy, with significant updates on its flagship projects and a positive market outlook for PGMs [1][17] - The River Valley Palladium Project is one of Canada's largest undeveloped primary PGM deposits, with a compliant Mineral Resource of approximately 2.3 million ounces in the Measured and Indicated classifications and 1.6 million ounces in the Inferred classification [3][4] River Valley Palladium Project - The River Valley Project is 100% owned by NAM and is currently in the development stage, having completed a Preliminary Economic Assessment (PEA) in 2023 [4][6] - The 2023 PEA outlines a smaller, higher-grade operation with lower capital expenditures and a smaller environmental footprint compared to the 2019 PEA [6] - Comprehensive environmental baseline studies are ongoing, involving local Indigenous communities, to support future permitting [6][10] - NAM is planning additional drilling programs to convert Inferred to Indicated Mineral Resources and expand the Mineral Resource base [8][9] Genesis PGM-Cu-Ni Project - The Genesis Project is an earlier-stage exploration project located in Alaska, with 100% ownership by NAM [11][12] - Surface exploration has identified significant PGM mineralization, with grades up to 2.4 g/t for palladium and platinum, and nickel-copper sulfide mineralization with samples up to 0.96% Ni and 0.58% Cu [12][13] - NAM is actively seeking a joint venture partner to advance the Genesis Project, allowing the company to focus on the River Valley Project while benefiting from exploration successes at Genesis [13][31] Market Outlook for PGMs - The market outlook for PGMs is positive, driven by constrained supply and evolving demand, particularly in the automotive sector and emerging technologies like hydrogen fuel cells [17][20] - Global PGM supply is concentrated, with South Africa and Russia being major suppliers, leading to supply risks and historical market deficits [17][20] - Tighter emissions regulations are maintaining high demand for PGMs in exhaust after-treatment systems, with expectations for continued growth in the hydrogen economy [20] Government Support and Investment - There is unprecedented government support for critical metals exploration and development, with significant investments announced by both Canadian and U.S. governments [21]

Company Overview - Also 公司是 Rivian 内部一个几年前开始的秘密项目孵化而来 [1] Product Launch - Also 公司即将推出一系列新车型，该项目是 Rivian 内部孵化的 [1]

Product Overview - Also, a micromobility startup spun out from EV maker Rivian, launches its first product, the TMBB ebike, with a starting price under $4,000 [1] - TMBB features a unique pedal-by-wire system, eliminating chains and gears, using sensors and software to convert pedaling into electric power [1] - The premium version of the TMBB includes a touchscreen interface for modes, maps, and music [2] - The ebike's detachable battery pack supports USBC fast charging and utilizes the same cells as Rivian's EVs [2] - Adjustable pedal assist allows speeds up to 28 mph, and an accelerator enables speeds up to 20 mph where permitted [3] Company Strategy - Rivian identified an opportunity to target short trip riders and leverage its battery technology through Also [2] - Also is now an independent entity, launching its first-generation ebike after securing hundreds of millions of dollars in funding [2] - Also is developing four-wheeled variants for families and businesses [3] - Reservations for the TMBB are currently open, with deliveries scheduled to commence next year [3]

Rivian has unveiled its first consumer product: an electric bike that will cost up to $4,500 https://t.co/UtJ9DCwgO6 ...

Core Insights - Rivian is facing significant challenges, including reduced delivery targets and tariff pressures, but is countering these with cost efficiencies and strategic partnerships [4][5][12] - The company reported a slight increase in revenue to $1.3 billion, but also widened its loss projections due to tariffs and the loss of EV tax credits [5][20] - Rivian's stock has shown volatility, recovering from a year-to-date low in April, but remains down 90% from its IPO high [15][20] Financial Performance - Rivian reported a gross profit of $206 million for the second consecutive quarter, indicating positive gross profit trends [10][8] - The company has $7.5 billion in cash, equivalents, and short-term investments, bolstered by a $5.8 billion joint venture with Volkswagen [8][1] - Despite a year-over-year decline in second-quarter deliveries by 22.7% to 10,661 vehicles, Rivian reaffirmed its 2025 delivery guidance of 40,000 to 46,000 vehicles [3][4] Market Position and Strategy - The EV market is projected to grow at a 32% CAGR through 2030, which presents opportunities for Rivian, especially with the anticipated R2 SUV launch [7][20] - Rivian is investing nearly $120 million in a new facility in Illinois to enhance its supply chain and production capacity [11][8] - The company has formed a partnership with HelloFresh, marking its first major fleet customer, which could help diversify its revenue streams [13][4] Analyst Sentiment - Wall Street analysts maintain a cautious outlook, with a consensus Hold rating and an average price target of $14.35 per share, reflecting a potential upside of 8.7% from the current price [16][19] - Some analysts have lowered their price targets post-earnings report, citing near-term headwinds but acknowledging the strategic importance of partnerships and future growth potential [17][20] - Institutional investors hold 44.5% of Rivian's outstanding shares, with Amazon being the largest shareholder [18][20]

瑞穗将Rivian的目标价从14美元下调至10美元，评级从"中性"下调至"跑输大市"。(格隆汇) ...

Core Thesis - Rivian Automotive, Inc. is positioned at a critical inflection point with positive cash flow from operations achieved in Q2 2025, indicating the viability of its vertically integrated platform [2] - The upcoming R2 model, a two-row SUV priced under $50,000, is expected to significantly expand Rivian's revenue while maintaining cost efficiency [2][3] Financial Performance - Rivian's software capabilities have generated $372 million in annualized revenue, a substantial increase from $84 million the previous year, largely due to a joint venture with Volkswagen [3] - The company has a market capitalization of $18.5 billion and a price-to-sales ratio under 4, suggesting that the market has undervalued Rivian's potential [5] Strategic Partnerships - The partnership with Volkswagen includes a $1 billion equity investment, showcasing Rivian's ability to provide a scalable software stack across various vehicles [3] - Rivian's strategic shift is supported by its software platform, which positions it as a competitor to Tesla in the automotive software space [3] Long-term Opportunities - Rivian aims to become a next-generation automotive platform for legacy OEMs, similar to historical examples of Ferrari and Buick [4] - The company is also exploring new mobility solutions and advancing autonomous features to broaden its platform's reach [4] Market Sentiment - Despite Rivian's potential, it is not among the 30 most popular stocks among hedge funds, with a decrease in hedge fund portfolios holding RIVN from 41 to 38 [7] - The stock has appreciated approximately 46% since a previous bullish thesis, indicating growing investor interest [6]

Shares of Rivian Automotive (NASDAQ:RIVN) lost 1.21% over the past five trading sessions after losing 3.40% the five prior. ...

Core Viewpoint - Mizuho downgraded Rivian Automotive Inc. to Underperform from Neutral, reducing its price target to $10 from $14 due to a weaker sales outlook for 2026 as U.S. IRA credits diminish [1] Group 1: Sales and Delivery Estimates - Mizuho cut its 2026 delivery estimate for Rivian to 60,000 units from 68,000, which is below the consensus estimate of 72,000, indicating approximately 40% year-over-year growth, which is still challenging [2] - The revised delivery estimate is significantly below consensus expectations of around 69,000 units [2] Group 2: Market Conditions and Competitor Signals - North American EV light-vehicle production is expected to remain flat year-over-year, with Mizuho highlighting General Motors' $1.6 billion EV impairment in the September quarter as a sign of broader market softness [2] - Rivian's third-quarter 2025 volume of 13,000 units increased by 25% sequentially, but high average selling prices above $70,000 may limit near-term demand ahead of the R2 launch planned for the first half of 2026 [3] Group 3: Demand Challenges - Mizuho lowered its estimates for Rivian to approximately 13% below consensus, indicating that U.S. battery electric vehicle (BEV) demand is facing multiple headwinds [3]

Tesla's getting some new competition, according to RJ Scaringe.The Rivian founder and CEO expects the small SUV R2, priced from $45,000, to be fully competitive with Tesla’s top-selling Model Y when sales begin early next year.Read more: https://t.co/xaW5p0yzBXPhoto: Patrick T. Fallon/AFP/Getty Images ...