Rivian (NASDAQ:RIVN)

Rivian has often been criticized for its production problems and massive cash burn. The American EV maker pleased investors this week by reporting lower-than-anticipated Q1 losses and reaffirming its full-year production guidance of 50,000 vehicles, which is double of last year. Revenue surged to $661 million from $95 million in the prior-year quarter.

However, Rivian cautioned investors about supply chain issues being “the main limiting factor” for its Normal facility output. It intends to address these issues by launching new engineering design changes and key technologies.

With 11 Buys, six Holds, and one Sell, Wall Street has a Moderate Buy consensus rating on Rivian. The average price target of $23.67 suggests 83.4% upside.