Carbon Revolution Public Limited Ordinary Shares (CREV)
Carbon Revolution Public Limited Ordinary Shares (CREV) is an Australian company specializing in the design and manufacture of advanced carbon fiber wheels for the automotive industry. Known for its lightweight, high-strength wheel technology, the company serves luxury, performance, and electric vehicle markets globally. Carbon Revolution focuses on innovative manufacturing processes that reduce weight and improve vehicle efficiency and performance.
Company News
Carbon Revolution, a manufacturer of lightweight automotive carbon fiber wheels, has secured an additional $5 million in funding from Orion Infrastructure Capital (OIC) and a $0.4 million reserve release from existing lenders. This funding is intended to support the company's ongoing liquidity and capacity investments as it works to meet demand from its OEM customers.
US stock futures are trading higher ahead of a shortened trading session on Christmas Eve. Analysts expect a 'Santa Rally' during this period, which has historically seen positive returns. However, they also caution about potential market corrections in 2025 due to stretched valuations.