Romeo Power, Inc. (RMO)

NYSE: RMO · IEX Real-Time Price · USD
0.770
+0.027 (3.63%)
At close: Aug 12, 2022 4:00 PM
0.769
-0.001 (-0.182%)
After-hours: Aug 12, 2022 7:15 PM EDT
3.63%
Market Cap 143.15M
Revenue (ttm) 27.32M
Net Income (ttm) -165.22M
Shares Out 185.91M
EPS (ttm) -1.23
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 4,767,056
Open 0.753
Previous Close 0.743
Day's Range 0.722 - 0.797
52-Week Range 0.437 - 7.440
Beta 1.46
Analysts Sell
Price Target 1.84 (+139.0%)
Earnings Date Aug 15, 2022

About RMO

Romeo Power, Inc., an energy storage technology company, designs and manufactures lithium-ion battery modules and packs for vehicle electrification in North America. The company designs and manufactures battery modules, battery packs, and battery management system technologies; and provides non-recurring engineering services, such as design, prototype, and testing services. It serves commercial electric vehicle manufacturers, electric powertrain converters, electric watercraft manufacturers, fleet operators, and automobile, and recreational veh... [Read more...]

Industry Electrical Equipment
Founded 2016
Employees 293
Stock Exchange NYSE
Ticker Symbol RMO
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for RMO stock is "Sell." The 12-month stock price forecast is 1.84, which is an increase of 138.96% from the latest price.

Price Target
$1.84
(138.96% upside)
Analyst Consensus: Sell
Stock Forecasts

News

SHAREHOLDER INVESTIGATION NOTICE: Halper Sadeh LLP Investigates EVOP, COWN, SWIR, RMO

NEW YORK , Aug. 8, 2022 /PRNewswire/ -- Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of...

Other symbols: COWNEVOPSWIR

Romeo Power shares up 20% after announcing it was being acquired by Nikola

Romeo Power Inc. (NYSE: RMO) stock rose 20% after announcing an all-stock purchase agreement with Nikola (NASDAQ: NKLA). The company announced it had executed a definitive purchase agreement whereby it ...

Other symbols: NKLA

The Best Stocks to Strike It Rich in ‘The Great EV Consolidation'

A new revolution is brewing in the automotive market. And the types of EV stocks you buy will depend entirely on a brand-new, underrated megatrend in the electric car industry: The Great EV Consolidation.

Other symbols: NKLATSLA

Buy Smart to Win Big in “The Great EV Consolidation”

Source: Nikola Press Center Yesterday, something major happened that you probably didn't even know about. Yet, it could be the key to you striking it rich in the EV Revolution.

Other symbols: NKLA

SHAREHOLDER INVESTIGATION NOTICE: Halper Sadeh LLP Investigates PBFX, RMO, EVOP, SLAC

NEW YORK , Aug. 2, 2022 /PRNewswire/ -- Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of...

Other symbols: EVOPPBFXSLAC

ROMEO POWER INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy ...

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Romeo Power, Inc. ...

Other symbols: NKLA

SHAREHOLDER ALERT: Weiss Law Investigates Romeo Power, Inc.

NEW YORK , Aug. 1, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Romeo Power, Inc. ("Romeo" or the "Company...

Other symbols: NKLA

Nikola to Buy Struggling Battery Maker Romeo Power

Gaining control over a key part of its supply chain, Nikola Corp. ( NKLA , Financial) announced on Monday it is buying battery pack provider Romeo Power Inc. ( RMO , Financial) in a deal valued at $144 ...

Other symbols: NKLA

Shareholder Alert: Ademi LLP investigates whether Romeo Power, Inc. has obtained a Fair Price in its transaction with...

MILWAUKEE , Aug. 1, 2022 /PRNewswire/ -- Ademi LLP is investigating Romeo (NYSE: RMO) for possible breaches of fiduciary duty and other violations of law in its transaction with Nikola.  Click here to l...

Nikola ($NKLA) to Acquire Romeo Power; Brings Battery Pack Engineering and Production In-House

Nikola Corporation ($NKLA) and Romeo Power, have entered into a definitive agreement in which Nikola, will acquire Romeo, an energy technology leader delivering advanced electrification solutions for co...

Other symbols: NKLA

TBLT, HOUR: 5 Top Short Squeeze Stocks to Watch This Week

Source: Shutterstock Short squeeze stocks are still on the minds of traders looking for shares that could experience major growth this week. Luckily for them, Fintel has it covered with its Short Squeez...

Other symbols: DTCHOURNNTBLT

NKLA Stock Alert: What to Know About Nikola's Deal for Romeo Power

Shares of Nikola (NASDAQ: NKLA ) are in the spotlight after the company announced that it will acquire Romeo Power (NYSE: RMO ) for $144 million in an all-stock transaction. NKLA stock is trending sligh...

Other symbols: NKLA

Romeo Power (RMO) Stock Soars on Nikola Deal

Romeo Power (NYSE: RMO ) stock rose 23% in early trade Aug. 1 after struggling electric vehicle maker Nikola (NASDAQ: NKLA ) said it would buy it for $144 million in stock. The deal values Romeo at a 34...

Other symbols: NKLA

Nikola to acquire battery-pack supplier Romeo Power in $144 million deal

Nikola will acquire Romeo Power, a key supplier of battery packs for its trucks, in a $144 million all-stock transaction.

Other symbols: NKLA

RMO Stock Alert: Halper Sadeh LLP Is Investigating Whether the Sale of Romeo Power, Inc. Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, an investor rights law firm, is investigating whether the sale of Romeo Power, Inc. (NYSE: RMO) to Nikola Corporation for 0.1186 of a share of Nikola common ...

Nikola to acquire Romeo Power for 74 cents a share or about $144 million in all-stock deal

Electric truck maker Nikola Corp. NKLA, -2.51% has agreed to acquire Romeo Power Inc. RMO, +4.74% for 74 cents a share in stock or a total of $144 million, the companies said in a joint statement. Romeo...

Other symbols: NKLA

Nikola Is Buying Struggling Battery Maker Romeo Power For $144 Million

CEO Mark Russell says the move ensures stable battery pack supplies as Nikola ramps up electric semi-truck production.

Other symbols: NKLA

Nikola Agrees to Acquire Romeo Power, To Bring Battery Pack Engineering and Production In-House

Acquisition will secure control of critical battery pack engineering and production process Transaction expected to yield annual cost savings of up to $350 million by 2026 Romeo's Cypress, California fa...

Other symbols: NKLA

Nikola acquires struggling Romeo Power to secure battery supply

Nikola Corp. is acquiring struggling startup Romeo Power Inc. in a $144 million all-stock deal that Nikola says will assure its supply of battery packs critical to assembling electric trucks.  The trans...

Other symbols: NKLA

Romeo Power Announces Successful Completion of its Relocation to New State-of-the-Art Manufacturing Center in Orange ...

CYPRESS, Calif.--(BUSINESS WIRE)--Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle...

5 Penny Stocks to Buy on the Dip

These penny stocks can be of significant value in the long run due to their growth prospects and innovation. The post 5 Penny Stocks to Buy on the Dip appeared first on InvestorPlace.

Other symbols: DSXELTKPANLTRVI

Romeo Power's Electro-Thermal Black Box (ETBB) Model Simulates the Electrical & Thermal Performance of Its Banyan Bat...

CYPRESS, Calif.--(BUSINESS WIRE)--Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle...

RMO Stock Alert: Romeo Power Announces Huge Growth Plans

RMO stock is trending for a second straight day after Romeo recently disclosed that it's nearly finished transitioning to a new factory. The post RMO Stock Alert: Romeo Power Announces Huge Growth Plans...

Romeo Power Focuses on Growth & Expansion in Three Key Markets with Opening of New 215,000 Sq. Ft. Manufacturing Center

CYPRESS, Calif.--(BUSINESS WIRE)--Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle...

Romeo Power Delivers Batteries to an Industry-Leading Integrator in the Industrial/Off-Highway Market

LOS ANGELES--(BUSINESS WIRE)--Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle app...