Romeo Power, Inc. RMO
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Looks like we are going to break the 19’S, what a POS stock
Expect 40-60’s soon
This stock is way undervalue, has great potential to excel in the future. Long hold, for great gains.
@gerardo. Agree fkig Romeo POS
Romeo Power and its recent SPAC merger.
The merger has it taking over RMG Acquisition while also changing RMG stock to RMO stock.
It also valued the company at $900 million, which includes it raising an additional $394 million in funding.
RMO says that it intends to use this money to fund the operations of its business, as well as R&D investments.
Romeo Power is a manufacturing company focused on the creation of lithium-ion battery modules and packs.
These battery packs are used in commercial electric vehicles (EVs).
The company currently has $545 million in contracted revenues from its customers.
It makes the battery packs at its 113,000 square-foot manufacturing facility in Los Angeles, Calif.
RMO stock got a strong start this morning with some 3 million shares having changed hands as of this writing.
Choosing now to go public also makes sense for Romeo Power as EV companies have been performing well of late.
That’s connected to incoming Preside Joe Biden, whose focuses include green energy
This company has everything, a very good stock with good fundamentals. This should be priced more than $NIO. All electric cars going to switch to this battery since it’s ranked 1 of all lithium batteries. The stock use to be $RMG then they merge to $RMO. Whoever jumps in now is very lucky. This stock doesn’t have too much exposure to public. Once people find out it’ll be in the 60’s. If Tesla have a contract with them it’ll be in the high 100’s. $TSLA
-Cramer showed it but didn’t mention the ticker
It has all the potential but lack volume/ exposure.
This stock is a pos.
Needs a new CEO. The cake is to
Big for him.
@randy.... correct... but at the end there’s more commons to trade
Selling more stocks (dilution) before good news... bad management. Going to 20 soon
This should shoot up some more today. Biden is up