- Rivian Automotive Inc (NASDAQ:RIVN) plans to establish a large-scale wind turbine at its Normal manufacturing campus in Illinois.
- The automaker expects to generate clean energy to enable new R1 vehicles to be powered by renewables for their first charge.
- Rivian installed a 783-kilowatt solar canopy in early 2022, which is scheduled to begin generating electricity later in summer.
- The turbine is designed for a capacity of at least 2.8 megawatts and to be capable of generating nearly 10 million kilowatt-hours of electricity a year.
- To construct the turbine, Rivian is partnering with Apex Clean Energy, a Virginia-based renewable energy development company.
- Price Action: RIVN shares are trading higher by 1.99% at $26.94 on the last check Friday.
Stephens & Co. Maintains Overweight on Fidelity National Info, Lowers Price Target to $120
Stephens & Co. analyst Charles Nabhan maintains Fidelity National Info (NYSE:FIS) with a Overweight and lowers the price target from $125 to $120.
