Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Romeo Power, Inc. (RMO) Investigation
NEW YORK, NY / ACCESSWIRE / April 5, 2021 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Romeo Power, Inc. ("Romeo" or "the Company") (NYSE:RMO). Investors who purchased Romeo securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/rmo.
The investigation concerns whether Romeo and certain of its officers and/or directors have violated federal securities laws.
On March 30, 2021, Romeo issued a press release announcing its financial and operating results for the fourth quarter of 2020. With respect to its 2021 outlook, citing "supply constraints" and "the significant shortfall in battery cell capacity industrywide," Romeo advised investors that is "now expects its revenue for 2021 to be in the range of $18-40 million"-significantly lower than analyst expectations. On this news, Romeo's stock price fell $2.04 per share, or 19.67%, to close at $8.33 per share on March 31, 2021.
If you are aware of any facts relating to this investigation, or purchased Romeo shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/rmo. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
SOURCE: Bronstein, Gewirtz and Grossman, LLC
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