Rivian Predicts Large Leap in Gross sales as R2 SUV Set to Launch Quickly. Its Inventory Surged 27% Friday.

A strong fourth quarter and impressive plans for 2026 despatched Rivian inventory hovering Friday.

Rivian (RIVN) shares jumped greater than 25% after the electrical automobile maker narrowly topped income estimates at $1.29 billion, whereas recording a smaller adjusted loss than analysts had forecast at 54 cents per share.

The corporate mentioned its plans to start out promoting the R2, an SUV that shall be cheaper than its present autos, stay on observe for the second quarter. Rivian mentioned that extra particulars about its product lineup shall be coming at a March 12 occasion.

Rivian expects to ship between 62,000 and 67,000 autos this yr, a greater than 50% leap on the midpoint from the 42,247 it delivered in 2025. The firm hopes software program upgrades and its new mannequin might help drive demand that has slowed within the U.S. after the Trump administration allowed EV tax credit to run out final September.

Wedbush analysts mentioned they continue to be assured in Rivian’s long-term plan and mentioned the EV maker is within the midst of a “huge transformation” because it seems to be to streamline manufacturing of its R1 autos and ramp manufacturing of R2s this yr. Wedbush has an “outperform” ranking on the inventory and a $25 worth goal.

Rivian shares rose 27% to shut Friday’s session at $17.73. Regardless of as we speak’s surge, the inventory continues to be down 10% because the begin of 2026 after hitting its highest stage in two years in December.

UPDATE: This text has been up to date to replicate closing share worth info.