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AEye: SPAC Weakness Ahead

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  • AEye should close the SPAC deal to become a public company during Q3.
  • The lidar sensor company recently held a virtual investor day without any meaningful news on long-term contracts.
  • Despite a strong future, the majority of the lidar stocks have broken $10 following the closure of SPAC deals.
  • Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our model portfolio. Learn More »
The lidar sensor space remains highly competitive and complex with company after company going public via SPAC deals. AEye (CFAC) via the CF Finance Acquisition Corp. III SPAC is a promising company focusing on lidar perception software, but the stock is stuck around $10 following a Virtual Investor Day. My investment thesis remains bullish on AEye long term, but the stock is likely to dip below $10 once the SPAC deal closes this quarter.

Read the full article on Seeking Alpha. 

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

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