Romeo Power, Inc., an energy storage technology company, designs and manufactures lithium-ion battery modules and packs for commercial electric vehicles in North America. The company operates through two segments, Romeo Power North America and Joint Venture Support. The Romeo Power North America segment designs and manufactures battery modules, battery packs, and battery management system technologies in North America. The Joint Venture Support segment provides design, research and development, and other engineering related services. It serves commercial and high-performance electric vehicle manufacturers, fleet operators, and automobile and recreational vehicle manufacturers. The company was founded in 2014 and is headquartered in Vernon, California.
IPO Year: 2019
Exchange: NYSE
Website: romeopower.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/2/2022 | Buy → Neutral | BTIG | |
| 10/27/2021 | $4.00 | Outperform → Market Perform | Cowen |
| 8/20/2021 | $7.00 → $4.00 | Underweight | Morgan Stanley |