REE Automotive gains on upbeat Q1
17/05/2022 14:32
** Israel-based EV startup's U.S.-listed shares REE.O up
6.1% at $1.9
** REE reports Q1 loss of 8 cents/shr, narrower than est of
loss of 13 cents per share - Refinitiv
** EAVX, a subsidiary of JB Poindexter & Co, and REE
announce customer evaluations of new electric walk-in step van
prototype starting this summer urn:newsml:reuters.com:*:nGNX4npn6B
** REE reiterates 2022 non-GAAP operations expenses forecast
of between $100 mln and $120 mln
** Expenditures are expected to be incurred in lockstep with
timing and achievement of certain milestones related to REE's
commercial programs and projects, says Wells Fargo
** Up to last close, stock had fallen ~68% YTD
(Reporting by Akash Sriram in Bengaluru)
((Akash.Sriram@thomsonreuters.com;))