Trying within the rearview mirror, traders will discover that Rivian (NASDAQ: RIVN) has carried out exceptionally effectively over the previous yr. Shares of the electrical truck maker’s inventory have soared greater than 33%, whereas the S&P 500 has nudged about 3.8% larger.
However has the street that traders have traveled over the previous few years been as clean? Have those that parked Rivian inventory of their portfolios in April 2022 seen their investments develop, or are they nonetheless ready for the electrical automobile (EV) inventory to make a U-turn and drive larger?
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Roaring out of the gate, Rivian raced greater than 45% larger from the time of its preliminary public providing (IPO) on Nov. 10, 2021 by means of the following week. At the moment, enthusiasm for EV shares was working excessive. Traders had eagerly been awaiting Rivian’s IPO, recognizing the corporate — and its alluring electrical pickup truck — as a viable EV funding different to Tesla.
Over the previous three years, although, Rivian has logged some successes together with rising automobile deliveries, however traders have resisted rewarding Rivian for its accomplishments. Those that bought $1,000 in inventory three years in the past are actually solely $341 left of their preliminary investments as of this writing.
With Rivian inventory plummeting greater than 16% because the begin of the yr, shares are much more attractively priced than they have been on the finish of 2024. However that does not imply that at present’s a good time to click on the purchase button.
The event of a brand new manufacturing facility in Georgia is essential to the corporate’s development, supporting growth of its product line with the R2 SUV and R3 crossover automobile. Rivian expects building of the plant to begin in 2026, with automobile manufacturing beginning in 2028. Growth of the multi-billion-dollar facility just isn’t easy, and delays or surprising prices are dangers that potential traders ought to be conscious of.
Before you purchase inventory in Rivian Automotive, take into account this:
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