Romeo Power Inc (RMO) stock has fallen -87.70% over the last 12 months, and the average rating from Wall Street analysts is a Hold. InvestorsObserver’s proprietary ranking system, gives RMO stock a score of 8 out of a possible 100.
Similarly Why is Romeo Power stock so low? Why is RMO Stock Dropping? The short answer is concern about the prices of lithium. On the same day that Romeo Power reported earnings, the National Bureau of Statistics showed that the country’s output grew 6.4% year-over-year, far short of expectations.
Who does Romeo Power supply? (“Romeo Power”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, has entered into a long-term supply agreement for lithium-ion battery cells with LG Energy Solution, Ltd.
Additionally, Is Romeo Power making money?
Romeo Power, Inc. announced earning guidance for the full year 2022. For the year, the company expects total revenue to range between $40 million to $50 million.
Who owns Romeo Power stock?
Top 10 Owners of Romeo Power Inc
| Stockholder | Stake | Shares owned |
|---|---|---|
| The Vanguard Group, Inc. | 6.42% | 8,628,656 |
| BlackRock Fund Advisors | 5.29% | 7,114,206 |
| Invesco Capital Management LLC | 3.82% | 5,137,089 |
| SSgA Funds Management, Inc. | 2.45% | 3,297,726 |
Who uses Romeo batteries? Under the agreement, LG Energy has committed to supplying cells to Romeo Power that equal 8 GWh of energy through 2028. Romeo Power expects to use the allocated cells to manufacture battery packs for approximately 29,000 electric vehicles sold or operated by its customers.
Is Romeo Power an American company? Summary. Romeo Power is a small EV battery manufacturer based out of Los Angeles, California.
Is Romeo power an American company? Summary. Romeo Power is a small EV battery manufacturer based out of Los Angeles, California.
Who are Romeo power competitors?
Romeo Power Technology’s top competitors include Ultralife, Beijing Easpring Material Technology, Alpha Technologies and Iterna. Romeo Power Technology is a developer of consumer, industrial and electric vehicle battery systems.
Is Romeo Power a SPAC? Romeo Power isn’t a SPAC anymore; its merger closed at the end of December. But Romeo still highlights the promise and peril of investing in early-stage companies in general and SPAC merger targets in particular.
Who makes batteries for spacex?
Luckily, the battery was made by Saft, who partnered with the team earlier this year. Saft engineers in the US came to the rescue, building and shipping an entirely new battery system in just one day.
Who are Romeo powers customers? The North American total addressable market is $225 billion in size, with projected annual sales of 7 million vehicles, according to the company. John Deere DE, BMW, Nikola NKLA, Workhorse Group WKHS and the Paccar Inc PCAR brand Kenworth are Romeo Power customers.
What does Romeo Power produce?
Romeo Power offers custom electrification solutions for the commercial vehicle industry spanning from Class 3 delivery vehicles to the largest, long-haul Class 8 vehicles.
Who uses Romeo power batteries?
Under the agreement, LG Energy has committed to supplying cells to Romeo Power that equal 8 GWh of energy through 2028. Romeo Power expects to use the allocated cells to manufacture battery packs for approximately 29,000 electric vehicles sold or operated by its customers.
How long has Romeo power been in business? Romeo Power is a battery technology company that creates energy-dense battery packs. Its cutting-edge consumer, industrial, and electric vehicle (EV) battery systems deliver more energy in the most efficient manner. The company was founded in 2015 and is headquartered in Vernon, California.
How many employees does Romeo power have? Company Growth (employees)
| Employees (est.) (Feb 2021) | 151 | (+6%) |
|---|---|---|
| Website Visits (Dec 2021) | 33 k | |
| Revenue (FY, 2020) | $9 M | (+6%) |
| Share Price (Mar 2022) | $1.5 | (-3%) |
| Cybersecurity rating | C | More |
How many people work Romeo power?
Romeo Power Brings 250+ Workers to OC.
Is RMO a SPAC stock? Romeo Power (NYSE:RMO) has completed its merger with special purpose acquisition company (SPAC) RMG Acquisition (NYSE:RMG) and RMO stock is trading publicly starting today.
Who are Romeo Power competitors?
Romeo Power Technology’s top competitors include Ultralife, Beijing Easpring Material Technology, Alpha Technologies and Iterna. Romeo Power Technology is a developer of consumer, industrial and electric vehicle battery systems.
How many employees does Romeo Power have? How many employees does Romeo Power Technology have? Romeo Power Technology has approximately 51-200 employees.
