3 Wall Street analysts have issued « buy, » « hold, » and « sell » ratings for Romeo Power in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should « hold » Romeo Power stock.
Similarly Why is RMO stock falling? Shares of Romeo Power (NYSE: RMO) are sinking amid a day of sell-offs for the broader market. In addition to bearish pressures impacting the market, Romeo Power stock also seems to be losing ground due to a recently announced change for its management team.
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, 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 Battery?
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 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 invested in Romeo Power? INDIANAPOLIS, IN – August 2, 2019 – HG Ventures today announced its investment in Romeo Power Technology, an industry leader in sustainable power systems for electric vehicles (EV).
Is Romeo Power profitable? Revenue: US$16.8m (up 87% from FY 2020). Net income: US$10.0m (up US$17.6m from FY 2020). Profit margin: 60% (up from net loss in FY 2020). Revenue exceeded analyst estimates by 12%.
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.
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.
How many employees does Romeo Power have? How many employees does Romeo Power Technology have? Romeo Power Technology has approximately 51-200 employees.
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.
What does Romeo Power make?
Romeo Power is a small EV battery manufacturer based out of Los Angeles, California. The product of a SPAC deal consummated pre-pandemic, the timing could not have been harsher. Premised on out-of-the park growth and revenue numbers, the venture may have missed shifts in the automotive supply chain.
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.
Is Romeo power an American company? Summary. Romeo Power is a small EV battery manufacturer based out of Los Angeles, California.
How many employees does Romeo power have?
How many employees does Romeo Power Technology have? Romeo Power Technology has approximately 51-200 employees.
What does Romeo Power do? 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.
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.