Rivian (NASDAQ: RIVN) Resurgence In Stock After 47% Drop In Price Over Past Three Months As Some Investors See A Buying Opportunity. Company Now Says It Is Back On Track To Meet Its Goal Of 25,000 EVs For 2022 Despite Ford’s (NYSE: F) Launch Of Lower-Priced Electric Lightning Truck; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Wins Government 5-Year Grant For EV Charg-ing Stations Funds

 In NASDAQ: BLNK, NASDAQ: CSIQ, NASDAQ: EVGO, NASDAQ: FSLR, NASDAQ: RIVN, NASDAQ: ROCK, NASDAQ: RUN, NASDAQ: SEDG, NASDAQ: SPWR, NASDAQ: TSLA, NYSE: CHPT, NYSE: F, NYSE: GM, NYSE: SPRQ, OTC PINK: SIRC

Rivian (NASDAQ: RIVN) has come a long way down from its IPO late last year with players such as Ford (NYSE: F) and Amazon (NASDAQ: AMZN) as equity owners. Rivian’s market valuation at one time was $91.9 billion when it launched, but Rivan reported a loss of $2.46 billion for Q4 in 2021 compared with a loss of $353 million a year earlier. Now, a Rivian stock resurgence is seen as some investors see the significant stock price drop as a buying opportunity. Rivian’s new electric truck R1T priced at $67,500 will face Ford’s Lightning truck priced at just $40,000. Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) continues to see electric cars and its EV Charging Station business as sound — it just received a 5-year grant from the federal government for EV Charging Stations.

stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunrun, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), ChargePoint (NYSE: CHPT), EVgo (NASDAQ: EVGO), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).

Rivian (NASDAQ: RIVN) Resurgence In Stock After 47% Drop In Price Over Past Three Months As Some Investors See A Buying Opportunity. Company  Now Says It Is Back On Track To Meet Its Goal Of 25,000 EVs For 2022 Despite Ford’s (NYSE: F) Launch Of Lower-Priced Electric Lightning Truck; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Wins Government 5-Year Grant For EV Charging Stations Funds

Now, RIVN management says based on the company’s 2,553 production in Q1, it will meet its revised goal of 25,000 EV vehicles produced in 2022. Whether Rivian is a buy once again is a matter for stock analysts to decide. But it definitely is drawing more interest as its stock price has dropped and it has righted itself on production goals.

Rivian stock closed green again Wednesday evening, up multiple points in both in-session and after-hours trading Wednesday. Despite the turnaround in its production meeting first year goals, RIVN concedes that it does not plan to become profitable for the foreseeable future. The funds it raised in its IPO are being used for working capital and for other general corporate purposes, it says.

Supply chain issues are still a factor for the company — especially semiconductor chip shortages —  even while it reports production progress. Despite all of this, RIVN still predicts the company will achieve a 10% market share of the electric car market by 2030. Now itv faces a lower-priced Ford (NYSE: F) 150 ‘Lightning’ truck with greater than 200,000 buy reservations.

Rivian (NASDAQ: RIVN) Resurgence In Stock After 47% Drop In Price Over Past Three Months As Some Investors See A Buying Opportunity. Company Now Says It Is Back On Track To Meet Its Goal Of 25,000 EVs For 2022 Despite Ford’s (NYSE: F) Launch Of Lower-Priced Electric Lightning Truck; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Wins Government 5-Year Grant For EV Charging Stations Funds

SIRC and other EV Charging Station installers see that Rivian (NASDAQ: RIVN)  will make gains in the electric car industry and it is fine as well as its supporting EV Charging Station industry. Word at the time among Wall Street insiders was that investors were heavily betting on Rivian’s IPO because they may have missed the success of Tesla (NASDAQ: TSLA). They weren’t going to miss the Rivian IPO.

The electric vehicle business is solid and so is its supporting EV Charging Station industry. SIRC says that it has refocused its business strategy on EV Charging Stations and in addition to its PLEMCo., subsidiary, it is doubling down on the industry’s future with its recently signed LOI to acquire thee LA-based complementary EV Charging Station businesses. SIRC is also an applicant to FINRA for a corporate name change to SolarEV, reflecting its refocused business strategy.

Rivian (NASDAQ: RIVN) Now Says It Is Back On Track To Meet Its Goal Of 25,000 EVs For 2022 After Producing Q1 2,553 Vehicles From Its Normal, Ill., Plant; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Higher  Electric Car Production As Positive Sign.

Electric car sales in the U.S. are soaring, more than doubling in the 1st half of 2021. Ford (NYSE: F), General Motors (NYSE: GM) and foreign OEM makers, such as Mercedes-Benz, Volkswagen and BMW AG, are setting self-imposed deadlines of 2030 for all-electric model lines.

To Solar Integrated Roofing Corp. (OTC PINK: SIRC) subsidiary PLEMCo., the underlying EV Charging Station space is a critical growth area. To OEM electric car and truck makers, range anxiety remains important to closing sales. To SIRC, EV Charging Stations could be an important opportunity.

To overcome range-anxiety potential buyers, the home and street EV Charging Station population must be high enough to be high profile and relax the EV customer. Potential buyers must see enough EV Charging Stations to be confident that longer road trips are possible.

GM is all-in on electric vehicles. General Motors (NYSE: GM) plans to introduce 30 all electric vehicle models globally by 2025, beginning with its first electric pickup truck now being shown at trade events. It is a competitor to Ford’s (NYSE: F) new ‘Lightning,’ an electric version of its best-selling ‘150’ pickup truck. The ‘Lightning’ already has 150,000 non-binding buy reservations.

Rivian plans to out-design the market with an eye-catching splashy sporty sedan. While GM and Ford continue to electrify their traditional pickups and SUVs. Rivian (NASDAQ: RIVN) Resurgence In Stock After 47% Drop In Price Over Past Three Months As Some Investors See A Buying Opportunity. Company Now Says It Is Back On Track To Meet Its Goal Of 25,000 EVs For 2022 Despite Ford’s (NYSE: F) Launch Of Lower-Priced Electric Lightning Truck; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Wins Government 5-Year Grant For EV Charging Stations Funds

To SIRC, government tailwinds are important in this industry. SIRC is one of only 16 companies to receive a 5-year government grant to build EV Charging Stations in the future.

The EV Charging Station industry, supporting the electric car industry, is seen as a sweet spot in the future. GM’s goal is $280 billion by 2030 in electric cars, as it partners with EV charging company EVgo (NASDAQ: EVGO) for the installation of fast chargers. EVgo may have the inside track to install 2,500 chargers for GM by the end of 2025, but it spells opportunities for others.

Rivian (NASDAQ: RIVN) Resurgence In Stock After 47% Drop In Price Over Past Three Months As Some Investors See A Buying Opportunity. Company Now Says It Is Back On Track To Meet Its Goal Of 25,000 EVs For 2022 Despite Ford’s (NYSE: F) Launch Of Lower-Priced Electric Lightning Truck; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Wins Government 5-Year Grant For EV Charging Stations Funds

Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.

Source: Stock Market Press

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