REE Automotive Reschedules Earnings Release Amid Strong 2024 Performance

The latest announcement is out from REE Automotive ( (REE) ).

On April 28, 2025, REE Automotive announced a business update for 2024 and rescheduled its fourth-quarter and fiscal year 2024 earnings release to May 15, 2025. The company reported increased reservations nearing $1 billion, driven by strong demand for its SDV technology. Key achievements in 2024 included the first U.S. deliveries expected in 2025, a significant collaboration with Motherson Group and Roush Industries, and technological milestones like the FMVSS certification of its full by-wire vehicle. Financially, REE anticipates a net loss of $111.8 million for 2024, with cash reserves of $72.3 million as of December 31, 2024.

Spark’s Take on REE Stock

According to Spark, TipRanks’ AI Analyst, REE is a Neutral.

The overall stock score for REE Automotive is challenged primarily by its financial performance, reflecting ongoing losses and cash flow difficulties. However, positives from the earnings call, like increased reservation value and production commencement, provide some optimism. Technical analysis shows mixed signals, while valuation remains unattractive due to a negative P/E ratio.

To see Spark’s full report on REE stock, click here.

More about REE Automotive

REE Automotive Ltd. is a technology company specializing in the development of software-defined vehicles (SDVs) and full by-wire electric trucks and platforms. The company focuses on enhancing safety, modularity, and performance in passenger and commercial vehicles through its proprietary software. REE operates a global supply chain and collaborates with major industry players to produce vehicles at scale without heavy capital investment.

YTD Price Performance: -69.07%

Average Trading Volume: 117,883

Technical Sentiment Signal: Buy

Current Market Cap: $87.58M

Learn more about REE stock on TipRanks’ Stock Analysis page.