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Luminar: Progress, But The Market Wants More

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Updated - Jan. 2, 2025

Luminar Tech. has been crushed since reporting earnings and completing a reverse stock split. The other more speculative Lidar plays like Innoviz Tech. (INVZ) and AEye (LIDR) have both doubled by avoiding the reverse split. 

Finviz Chart

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Original article posted on Nov. 13. 

  • Luminar Technologies, Inc. is making progress with new deals, but financials remain weak, requiring patience for long-term gains.
  • Volvo's EX90 production ramp and a second model with Iris LiDAR promise future revenue growth, despite current low sales.
  • Luminar's insurance program could offer significant savings, potentially making LiDAR cost-effective for consumers.
  • Despite frustrating financials, Luminar's strategic cost savings and production ramp-up suggest better financials by 2026.
The autonomous driving sector continues to heat up, but Luminar Technologies, Inc. (NASDAQ:LAZR) continues to take steps backwards. The LiDAR sensor company has a ton of potential, but the stock appears stuck until the promises start showing up in the financials. My investment thesis remains ultra-Bullish on the stock over the long term, but patience could be required.


Read the full article on Seeking Alpha. 

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

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