Rivian Automotive, Inc. (NASDAQ:RIVN) shares are relatively flat during Wednesday’s premarket session as the company announced a partnership with Redwood Materials to deploy a battery energy storage system at its manufacturing facility.

The partnership was announced on Tuesday. Under the deal, Rivian and Redwood Materials plan to utilize over 100 second-life battery packs to create a system that will initially provide 10 megawatt-hours (MWh) of dispatchable energy.

This collaboration is part of a broader strategy to enhance energy storage capabilities in the U.S., which is expected to require over 600GWh by 2030 to meet growing demand.

Technical Analysis

Rivian is sitting in the middle of its 52-week range ($10.85 to $22.69), which fits a market still debating the next longer swing. The stock is trading 4.4% above its 20-day simple moving average (SMA) and 3% below its 100-day SMA, a setup that leans bullish short-term but still shows overhead supply on the intermediate trend.

The moving average stack is still constructive, with the 20-day SMA above the 50-day SMA, which is consistent with buyers defending recent pullbacks. At the same time, the stock remains below the $17.50 resistance area, so rallies still need follow-through to prove momentum is expanding.

The moving average convergence divergence (MACD), a trend/momentum measure, has the MACD line above the signal line and the histogram is positive, which points to improving upside pressure. In everyday terms, MACD being above its signal line means recent price action is strengthening versus the prior trend.

  • Key Resistance: $17.50 — where rallies have recently stalled and sellers have shown up.
  • Key Support: $14.00 — a prior demand zone where buyers have tended to defend pullbacks.

Earnings & Analyst Outlook

Looking further out, the next major catalyst for the stock arrives with the April 30, 2026 (confirmed) earnings report.

  • EPS Estimate: Loss of 73 cents (Down from a loss of 48 cents YoY)
  • Revenue Estimate: $1.36 Billion (Up from $1.24 Billion YoY)
  • Valuation: P/E ratio not meaningful (company is not currently profitable)

Analyst Consensus & Recent Actions: The stock carries a Hold rating with an average price target of $18.76. Recent analyst moves include:

  • Tigress Financial: Buy (Maintains Target to $25.00) (April 10)
  • Canaccord Genuity: Buy (Maintains Target to $22.00) (April 6)
  • DA Davidson: Upgraded to Neutral (Maintains Target to $14.00) (April 1)

Benzinga Edge Rankings

Below is the Benzinga Edge scorecard for Rivian Automotive,, highlighting its strengths and weaknesses compared to the broader market:

  • Momentum: Neutral (Score: 61.1) — The stock’s trend signals are moderate versus the broader market.

The Verdict: Rivian Automotive, ‘s Benzinga Edge signal reveals a momentum-driven story with a middle-of-the-road trend profile. With only Momentum available, the setup leans on price action holding above support and pushing through resistance to improve the technical tone.

Top ETF Exposure

  • Goldman Sachs Equal Weight US Large Cap Equity ETF (BATS:GSEW): 0.24% Weight
  • First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN): 6.27% Weight
  • iShares Morningstar Small-Cap Value ETF (NYSE:ISCV): 0.55% Weight

Significance: Because RIVN carries significant weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.

Price Action

RIVN Stock Price Activity: Rivian Automotive shares were up 0.06% at $16.00 during premarket trading on Wednesday, according to Benzinga Pro data.

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