IB Net Payout Yields Model

Luminar: Focus On Progress, Not Volvo Delays

Update - Nov. 15

Good sign Luminar has finally hit bottom. The stock has rallied over 13% after the reversal on Nov. 14. 

Finviz Chart

Original article posted on Nov. 10
  • Luminar Technologies, Inc. faces production start delays at a key partner that limited revenue ramp in 2023.
  • The Lidar company was hit by multiple project delays in the last quarter, contributing to a Q3 2023 miss, though revenues should surge in Q4.
  • The stock trades at a massive discount to the order book with a market cap of only $1.2 billion, making Luminar stock a speculative buy.
  • Out Fox The Street members get exclusive access to our real-world portfolios. See all of our investments here » 

The Lidar sector faces a volatile ramp path due to the implementation of new technologies into auto production requiring years of testing and unpredictable new vehicle launches. Luminar Technologies, Inc. (NASDAQ:LAZR) is the latest company to get snarled in production start delays of a major auto manufacturer. My investment thesis remains ultra Bullish, with the stock selling off towards the lows despite a massive order book and great progress towards production ramps.
Read the full article on Seeking Alpha. 
Disclosure: No position mentioned. Please review the disclaimer page for more details. 


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