Luminar Technologies: No Respect
Update - Jan. 11
Luminar hit bottom right after Citron publicly released the short attack... hmm
Original article posted on Jan. 7
- Luminar Tech. confirmed the Lidar sensor company achieved a 60% boost for the forward-looking order book.
- The company now has a order book topping $3.4 billion, nearly double the current market cap.
- The stock is cheap, but the company gets no respect for the potential order book size in a few years.
After another strong quarterly update, Luminar Technologies (NASDAQ:LAZR) shareholders still find the stock floundering. The Lidar sensor company continues to line up a massive forward-looking orderbook absolutely ignored by the market. My investment thesis is ultra Bullish on the stock after the dip below $5 corresponds with a flip in the calendar one step closer to full production on multiple automotive programs.
Read the full article on Seeking Alpha.
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