Romeo Power was taken public through a special purpose acquisition company (SPAC) merger late in December 2020. The stock is now down roughly 91% since market close on the day of the merger and 87% over the last year.
Similarly, Is Romeo power a good stock?
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.
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.
Thereof, 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.
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.
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.
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 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.
Is Romeo power an American company?
Summary. Romeo Power is a small EV battery manufacturer based out of Los Angeles, California.
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.
Does Romeo Power have revenue?
Romeo manufactures batter solutions for commercial EVs. Commercial electric vehicle battery manufacturer Romeo Power Inc. reported third-quarter revenue of $5.8 million, up 753% over the prior year, on a third-quarter loss of 13 cents a share.
How many employees does Romeo Power have?
How many employees does Romeo Power Technology have? Romeo Power Technology has approximately 51-200 employees.
Who are Romeo powers customers?
According to Patterson, Romeo has booked $65 million in manufacturing contracts with its 15 customers, including five automotive companies — two of which are among the “big three” in Detroit, he says, referring to Ford, General Motors and Fiat Chrysler.
When did Romeo Power go public?
The combined company began trading on the New York Stock Exchange on Dec. 30 under the ticker RMO. RMG, a New York-based SPAC, had originally raised $234 million in its public offering.
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 |
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 shares of RMO are there?
Romeo Power Inc (US:RMO) has 244 institutional owners and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 55,941,044 shares.
Does spacex use lithium?
Falcon 9’s first stage incorporates nine Merlin engines and aluminum-lithium alloy tanks containing liquid oxygen and rocket-grade kerosene (RP-1) propellant. Falcon 9 generates more than 1.7 million pounds of thrust at sea level.
What is Elon Musk doing with batteries?
In late 2020, Musk announced that Tesla aims to halve the costs of the most expensive part of an EV by producing its own batteries. Tesla’s 4680 lithium-ion batteries – with 46-millimeter diameter and 80-millimeter length – hold about five times the energy of its current smaller 2170 cells.
Does Tesla have new battery technology?
Last October, the company said it would extend the use of the iron-based batteries to all of its standard-range cars. China’s Contemporary Amperex Technology Co., the world’s biggest maker of electric-vehicle batteries, supplies Tesla with LFP batteries, » notes WSJ.
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| Category | Battery Tech Industry Outlook |
|---|---|
| Make | Tesla |
15 janv. 2022
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