Aeva: Buy 4D LiDAR On The Dip

 

  • Aeva missed Q1 financial targets, but the investment isn't based on 2021 results.
  • The company announced an encouraging landmark deal, but the lack of details worried the market.
  • The stock trades nearly 20% below the SPAC deal price, providing a speculative opportunity.
  • Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our model portfolio. Learn More »

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 


Update - June 14

Didn't get the same press as the other lidar stocks, but $AEVA is joing the Russell 2000 as well. The stock is very appealing back at $10. 

-MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Aeva Technologies, Inc. (AEVA) (NYSE: AEVA, “Aeva” or the “Company”), a leader in next-generation sensing and perception systems, today announced that it is set to join the small-cap Russell 2000® Index and broad-market Russell 3000® Index, as well as the appropriate growth and value style indexes, at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, 2021.

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