Analyst cites entry to European market in Rivian upgrade
Rivian Automotive Inc.’s stock soared 8% premarket Wednesday, after D.A. Davidson upgraded the stock and said headlines on the electric vehicle maker are becoming more positive.
Amazon.com Inc. AMZN, -0.11% said Monday the first of its new, custom electric-delivery vans made by Rivian RIVN, +17.41% are arriving in Europe, rolling out first in Germany. Amazon began rolling out its custom electric delivery vans from Rivian in the U.S. last summer and it has more than 3,000 vans delivering packages across the U.S.
See also: Lucid stock sets a record win streak as a rising EV tide helps investors shrug off a Citi downgrade Other positives include Rivian’s recent acquisition of Iternio, owner of ABRP , an app for drivers of all EV brands that helps with planning charging stops on long-term trips.
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