Aeva(AEVA)

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Here's Why Aeva Technologies' $50M Deal Really Matters
ZACKS· 2025-06-10 12:35
Core Insights - Aeva Technologies has secured a $50 million strategic collaboration with a Fortune 500 technology firm, which includes $32.5 million in equity and $17.5 million for joint product development and manufacturing ramp-up [1][10] - The partnership will enable Aeva to scale production to 100,000 units annually by late 2025, enhancing its manufacturing capabilities while managing overhead costs [2][10] - Aeva's core technology, FMCW LiDAR, is now supported by a major player, allowing the company to expand efficiently with reduced operational strain [3] Capital Strategy Comparison - Aeva's strategy of combining funding and production scale gives it a potential edge over competitors like Luminar Technologies, which has secured $200 million in funding but lacks a dedicated Tier-2 manufacturing partner [4][5] - Ouster has a strong cash position with $171 million and no debt but has not disclosed any large-scale external manufacturing alliances, making Aeva's approach more integrated [5] Financial Performance and Estimates - Aeva's shares have surged approximately 360% year to date, indicating strong market interest [8] - The company trades at a forward price-to-sales ratio of over 40, significantly above the sector average, and carries a Value Score of F [9] - The Zacks Consensus Estimate for Aeva's 2025 revenues suggests a 90% year-over-year increase, with estimates ranging from $16.90 million to $65 million for the next year [11][12]
What Makes Aeva Technologies (AEVA) a New Buy Stock
ZACKS· 2025-06-06 17:01
Core Viewpoint - Aeva Technologies, Inc. (AEVA) has received a Zacks Rank 2 (Buy) upgrade due to an upward trend in earnings estimates, indicating a positive earnings outlook that could lead to increased stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in a company's earnings picture, which is a significant factor influencing stock price movements [2][4]. - Aeva Technologies has seen a 23.5% increase in the Zacks Consensus Estimate over the past three months, reflecting a positive trend in earnings estimates [8]. Institutional Investor Influence - Institutional investors utilize earnings estimates to determine the fair value of stocks, and their buying or selling actions based on these estimates can lead to significant price movements [4]. Business Improvement Indicators - The rising earnings estimates for Aeva Technologies suggest an improvement in the company's underlying business, which is expected to drive the stock price higher as investors respond positively to this trend [5][10]. Zacks Rank System Overview - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [7][9]. - Aeva Technologies' upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10].
AEVA's 4D LiDAR Solution Targets GPS-Free Navigation Needs
ZACKS· 2025-06-03 12:56
Core Insights - Aeva Technologies (AEVA) has gained attention due to its partnership with Swiss delivery company Loxo, leveraging its unique GPS-free localization technology [1][9] - Aeva's 4D LiDAR sensor, Atlas, provides real-time velocity and direction data, distinguishing it from traditional LiDAR systems [2][6] - The technology is particularly beneficial for Loxo's expansion into dense European cities where GPS signals are often unreliable [3][9] Aeva's Distinctive Velocity Advantage - Aeva's Atlas sensor measures velocity and direction directly, offering a clear understanding of surroundings without GPS [2][6] - This capability is crucial for autonomous delivery vehicles operating in environments with weak GPS signals [3][6] Comparison with Competitors - Competitors like Luminar Technologies (LAZR) and Ouster (OUST) focus on high-resolution, long-range sensing but lack built-in velocity detection [4][5] - Luminar's Iris sensor estimates motion through software, which may introduce lag in real-time responsiveness, while Ouster relies on external data [5][6] Market Position and Valuation - Aeva's shares have surged approximately 265% year to date, indicating strong market interest [8] - The company trades at a forward price-to-sales ratio of 33.36, significantly higher than the sector average, and carries a Value Score of F [10] - The Zacks Consensus Estimate for Aeva's 2025 earnings suggests a 21% year-over-year improvement [11]
AEVA vs. LAZR: Which LiDAR Stock Is the Better Bet Now?
ZACKS· 2025-05-28 13:06
Core Insights - Aeva Technologies (AEVA) and Luminar Technologies (LAZR) are leading companies in the LiDAR sector, focusing on autonomous vehicles and industrial automation [1][3] - Both companies have made strategic pivots and technological advancements, attracting investor interest [1][3] Aeva Technologies (AEVA) - AEVA has experienced significant momentum in 2025, expanding beyond the automotive market with its 4D LiDAR technology, which offers real-time velocity and depth data [5][6] - The company secured a partnership with a Fortune 500 tech firm, receiving a commitment of up to $50 million, which positions AEVA for long-term supply agreements with a top-10 global passenger OEM [6] - AEVA is targeting 100,000 units in annual production capacity by the end of 2025, having already secured over 1,000 orders for its Eve 1 precision sensor [7] - AEVA's stock has increased nearly 240% year-to-date, reflecting market optimism, but raises questions about future success being priced in [12][14] - Analysts forecast AEVA's EPS to improve by 21.7% in 2025 and 12.2% in 2026, driven by industrial revenues and automotive ramp-ups [16] Luminar Technologies (LAZR) - Luminar has improved its balance sheet by repurchasing $50 million of convertible notes and securing a $200 million capital facility, enhancing its liquidity through at least the end of 2026 [8] - The company is transitioning to its Halo platform, which is expected to streamline deployment and reduce development costs, with a formal launch anticipated in late 2026 or early 2027 [9] - Luminar's LiDAR technology will be featured in Caterpillar's off-highway trucks and is already implemented in Volvo's EX90, showcasing its industrial and automotive partnerships [11] - LAZR's stock is down approximately 31% this year due to commercialization delays, but its current valuation may present an attractive opportunity if it can deliver on its Halo roadmap [12][14] - Analysts expect LAZR to post a 53.6% EPS improvement in 2025, indicating stronger bottom-line leverage as revenues scale [18] Comparative Analysis - AEVA trades at a forward sales multiple of approximately 31.6, indicating aggressive growth expectations, while LAZR trades at 1.6X forward sales, suggesting a more grounded valuation [14] - Both companies are navigating the early stages of LiDAR commercialization, with AEVA showing fresh momentum and rapid industrial expansion, while LAZR offers better valuation support and a clearer path to high-volume deployment [20][21]
5 Small-Cap Stocks to Watch for Big Speculative Gains
MarketBeat· 2025-05-21 17:32
Group 1: Small-Cap Stocks Overview - Small-cap stocks are considered risky but can offer significant rewards, necessitating investor exposure [1] - A cautious approach is recommended, focusing on the right stocks and avoiding over-investment in any single stock [1] Group 2: Root, Inc. - Root, Inc. is a small insurance carrier with a direct-to-consumer (DTC) business that is gaining traction [2] - The company is expected to shift to profitability in 2024, which is anticipated to be sustained in 2025 [2][3] - Analysts forecast a 12-month stock price of $122.17, indicating an 11.31% downside from the current price of $137.75 [2] Group 3: Applied Digital Corporation - Applied Digital Corporation has shifted focus from Bitcoin to AI, aiming to build high-performance computing centers [7] - The stock is rated as a Buy with a 12-month price forecast of $10.67, representing a 58.26% upside [6] - Revenue growth is expected to sustain a moderate 30% pace for 2025 and 2026, with acceleration anticipated later in the decade [8] Group 4: Astronics Corporation - Astronics Corporation operates in aerospace and defense, with resilient demand from commercial and defense contracts [10] - The stock is currently rated as Hold, with a 12-month price forecast of $21.00, indicating a 30.48% downside from the current price of $30.21 [10] - Institutional ownership exceeds 55%, with buying activity ramping to long-term highs in Q2 2025 [12] Group 5: ThredUp Inc. - ThredUp Inc. is benefiting from AI improvements, leading to reduced costs and increased user counts [14] - The company expects to revert to growth in 2025, projecting a 10% revenue advance by year-end [15] - Analyst sentiment is improving, with rising price targets supporting market action [16] Group 6: Aeva Technologies - Aeva Technologies specializes in LiDAR systems, forecasting revenue growth of up to 100% in 2025 [18] - The company is expanding its manufacturing capabilities through new partnerships, which may sustain growth into 2026 [19] - Analysts have responded favorably, lifting price targets and increasing trading volume, with institutional buying spiking in Q2 2025 [20]
Aeva Technologies: Pump The Brakes (Rating Downgrade)
Seeking Alpha· 2025-05-19 21:26
Group 1 - The article discusses the potential for investors to capitalize on undervalued stocks that are mispriced by the market as of the end of May [1] - It suggests that joining a specific investment group, Out Fox The Street, may provide insights on positioning in these stocks [1] Group 2 - The article does not provide any specific company or industry analysis, focusing instead on general investment advice and positioning strategies [2][3][4]
AEVA Stock Surges 431% in One Year - And It's Still a Buy
ZACKS· 2025-05-19 14:16
Core Viewpoint - Aeva Technologies (AEVA) has significantly outperformed its peers in the lidar sector, with a stock price increase of 431% over the past year, driven by strategic wins, industrial expansion, and growing customer confidence [1][5][17] Company Performance - AEVA's market capitalization is approximately $1 billion, with a multibillion-dollar pipeline indicating substantial upside potential [5] - The latest quarterly revenue reached $3.4 million, exceeding Zacks Consensus Estimate by over $1 million, reflecting a year-over-year growth of 60% [5] - Management projects full-year revenue growth of 80-100% in 2025, excluding new strategic collaborations [5] Strategic Partnerships - AEVA has formed a significant partnership with a Fortune 500 technology company, which will invest up to $50 million, including $32.5 million in equity and $17.5 million for product development [6] - This partner will also act as AEVA's Tier 2 manufacturing partner for its global top 10 passenger OEM program, indicating strong confidence in AEVA's FMCW lidar platform [6] Automotive Sector Wins - AEVA is engaged in a development program with a top-10 global passenger vehicle OEM, which could lead to a large-scale production contract by late 2025 [7] - A letter of intent has been secured for a next-generation platform that may cover multiple vehicle models, potentially matching or exceeding the $1 billion Daimler Truck program [7] Industrial Market Expansion - AEVA is expanding into the industrial automation market, valued at over $4 billion, with its Eve 1 sensor already attracting customers like SICK AG and LMI Technologies [9] - The company has booked over 1,000 units with initial shipments underway, which diversifies revenue sources and reduces dependence on automotive production [9] Manufacturing Capacity and Liquidity - AEVA aims to reach an annual manufacturing capacity of 100,000 units by the end of 2025, supported by strategic partnerships [11] - The company ended Q1 2025 with $206 million in available funding, providing flexibility for growth while managing current operating cash use of $26 million per quarter [11] Competitive Landscape - AEVA's competitors, Ouster and MicroVision, have struggled to match AEVA's growth trajectory, with Ouster focusing on industrial AI applications and MicroVision facing commercialization challenges [12][13] - AEVA's FMCW lidar technology offers real-time velocity measurement and scalable design, distinguishing it from competitors [14] Financial Outlook - AEVA's earnings per share (EPS) is expected to grow by 21.7% in 2025 and 12.2% in 2026, indicating positive financial momentum [15] Conclusion - AEVA is positioned for long-term growth with strategic automotive contracts, expansion into industrial markets, and improving financials, making it a compelling investment opportunity [17]
Is Aeva Technologies (AEVA) Outperforming Other Auto-Tires-Trucks Stocks This Year?
ZACKS· 2025-05-16 14:46
Group 1: Company Performance - Aeva Technologies, Inc. has gained approximately 258.5% year-to-date, significantly outperforming the average loss of 9.7% in the Auto-Tires-Trucks sector [4] - The Zacks Consensus Estimate for Aeva's full-year earnings has increased by 20.7% over the past 90 days, indicating improved analyst sentiment [4] - Aeva Technologies, Inc. holds a Zacks Rank of 2 (Buy), suggesting a favorable outlook for the stock [3] Group 2: Industry Comparison - Aeva Technologies, Inc. belongs to the Automotive - Original Equipment industry, which has seen an average gain of 2% this year, indicating that AEVA is performing better than its industry peers [6] - In contrast, Bridgestone Corp., which is part of the Automotive - Foreign industry, has a year-to-date return of 23.7%, while its industry has declined by 2.3% [5][6] - The Auto-Tires-Trucks sector currently ranks 14 out of 16 in the Zacks Sector Rank, reflecting a relatively weaker performance compared to other sectors [2]
Aeva(AEVA) - 2025 Q1 - Quarterly Report
2025-05-15 00:00
PART I. FINANCIAL INFORMATION [Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) This section presents the unaudited condensed consolidated financial statements for Q1 2025, reporting **$3.4 million** revenue, a **$34.9 million** net loss, and **$114.5 million** total assets, alongside key disclosures [Condensed Consolidated Financial Statements](index=4&type=section&id=Condensed%20Consolidated%20Financial%20Statements) The company reported Q1 2025 revenue of **$3.4 million** and a net loss of **$34.9 million**, with total assets decreasing to **$114.5 million** and **$30.8 million** net cash used in operations Condensed Consolidated Balance Sheet Data (in thousands) | Account | March 31, 2025 (USD) | December 31, 2024 (USD) | | :--- | :--- | :--- | | Cash and cash equivalents | $21,211 | $28,864 | | Marketable securities | $59,785 | $83,143 | | Total current assets | $91,780 | $123,300 | | Total assets | $114,549 | $147,489 | | Total current liabilities | $31,904 | $39,159 | | Total liabilities | $45,737 | $48,137 | | Total stockholders' equity | $68,812 | $99,352 | Condensed Consolidated Statements of Operations (in thousands, except per share data) | Account | Three Months Ended March 31, 2025 (USD) | Three Months Ended March 31, 2024 (USD) | | :--- | :--- | :--- | | Revenue | $3,368 | $2,107 | | Gross profit (loss) | $310 | $(1,392) | | Operating loss | $(30,418) | $(37,344) | | Net loss | $(34,867) | $(35,326) | | Net loss per share, basic and diluted | $(0.64) | $(0.67) | Condensed Consolidated Statements of Cash Flows (in thousands) | Account | Three Months Ended March 31, 2025 (USD) | Three Months Ended March 31, 2024 (USD) | | :--- | :--- | :--- | | Net cash used in operating activities | $(30,792) | $(30,962) | | Net cash provided by investing activities | $23,322 | $22,036 | | Net cash provided by (used in) financing activities | $(183) | $(16) | | Net decrease in cash and cash equivalents | $(7,653) | $(8,942) | | Ending cash and cash equivalents | $21,211 | $29,605 | [Notes to the Condensed Financial Statements](index=9&type=section&id=Notes%20to%20the%20Condensed%20Financial%20Statements) These notes detail accounting policies, a 1-for-5 reverse stock split, liquidity assertions including **$81.0 million** in cash and a **$125 million** equity agreement, revenue concentration, a **$14.0 million** litigation accrual, and a subsequent **$32.5 million** private placement - The company designs 4D LiDAR-on-chip technology; management believes existing cash, marketable securities (**$81.0M** total), and a Standby Equity Purchase Agreement will fund operations for at least 12 months, despite an accumulated deficit of **$646.7 million**[27](index=27&type=chunk)[35](index=35&type=chunk) - In March 2024, the company completed a **1-for-5 reverse stock split**; all historical share and per-share data have been retroactively adjusted[32](index=32&type=chunk) Revenue by Geography (in thousands) | Region | Q1 2025 Revenue (USD) | % of Revenue | | :--- | :--- | :--- | | North America | $3,157 | 94% | | EMEA | $52 | 2% | | Asia | $159 | 5% | | **Total** | **$3,368** | **100%** | - Revenue is highly concentrated, with two customers accounting for **59%** and **19%** of total revenue for the three months ended March 31, 2025[43](index=43&type=chunk) - The company has a Standby Equity Purchase Agreement with Sylebra, providing the right to sell up to **$125 million** of preferred stock; all conditions to request an advance were met as of March 31, 2025[56](index=56&type=chunk)[59](index=59&type=chunk) - A settlement for the Delaware Stockholder Litigation resulted in an accrued liability of **$14.0 million**, with an expected insurance recovery of **$2.5 million**[86](index=86&type=chunk) - Subsequent to quarter-end, on May 13, 2025, the company agreed to sell **3,509,719** shares of common stock in a private placement for aggregate gross proceeds of approximately **$32.5 million**[93](index=93&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=27&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) This MD&A details Q1 2025 financial performance, showing **60%** revenue growth to **$3.4 million**, a **15%** decrease in operating expenses to **$30.7 million**, and a reduced operating loss, supported by **$81.0 million** in liquidity and a **$125 million** equity facility [Results of Operations](index=30&type=section&id=Results%20of%20Operations) Q1 2025 revenue increased **60%** to **$3.4 million**, gross profit turned positive, and total operating expenses decreased **15%** to **$30.7 million**, narrowing the operating loss by **19%** to **$30.4 million** Comparison of Results of Operations (in thousands) | Metric | Q1 2025 (USD) | Q1 2024 (USD) | Change ($) (USD) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Revenue | $3,368 | $2,107 | $1,261 | 60% | | Gross Profit (Loss) | $310 | $(1,392) | $1,702 | (122)% | | Operating Expenses | $30,728 | $35,952 | $(5,224) | (15)% | | Loss from Operations | $(30,418) | $(37,344) | $6,926 | (19)% | | Net Loss | $(34,867) | $(35,326) | $459 | (1)% | - The **$1.3 million (60%)** increase in revenue was primarily due to an increase in the total number of units sold and an increase in non-recurring engineering revenue[119](index=119&type=chunk) - Research and development expenses decreased by **$3.4 million (14%)** due to lower payroll, stock-based compensation, and material expenses[121](index=121&type=chunk) - General and administrative expenses decreased by **$1.2 million (14%)** due to lower payroll, professional fees, and legal fees[122](index=122&type=chunk) - Other expense increased by **$5.0 million**, primarily due to an increase in the fair value of Series A warrant liabilities[125](index=125&type=chunk) [Liquidity and Capital Resources](index=32&type=section&id=Liquidity%20and%20Capital%20Resources) As of March 31, 2025, the company held **$81.0 million** in cash and marketable securities, and with access to a **$125 million** equity facility, management believes liquidity is sufficient for at least 12 months, despite **$30.8 million** cash used in operations - As of March 31, 2025, the company had cash, cash equivalents, and marketable securities totaling **$81.0 million**[129](index=129&type=chunk) - The company has a Standby Equity Purchase Agreement allowing it to sell up to **$125.0 million** of preferred stock to Sylebra until November 2026; conditions to draw from this facility were met as of March 31, 2025[127](index=127&type=chunk)[129](index=129&type=chunk) - Management believes that current liquidity, including the financing facility, will be sufficient to fund operating and capital expenditures for at least **12 months** from the report's issuance date[129](index=129&type=chunk) Cash Flow Summary (in thousands) | Activity | Three Months Ended March 31, 2025 (USD) | Three Months Ended March 31, 2024 (USD) | | :--- | :--- | :--- | | Cash used in operating activities | $(30,792) | $(30,962) | | Cash provided by investing activities | $23,322 | $22,036 | | Cash provided by (used in) financing activities | $(183) | $(16) | [Quantitative and Qualitative Disclosures About Market Risk](index=34&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk exposure stems from interest rate fluctuations affecting cash and marketable securities, with no material changes reported since the 2024 Form 10-K filing - The company's primary market risk exposure is from **interest rate fluctuations**[138](index=138&type=chunk) - No material changes to market risk exposure were reported since the last annual report (**2024 Form 10-K**)[138](index=138&type=chunk) [Controls and Procedures](index=34&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that disclosure controls and procedures were effective as of March 31, 2025, with no material changes to internal control over financial reporting identified - Based on an evaluation as of March 31, 2025, the CEO and CFO concluded that the company's disclosure controls and procedures were **effective**[139](index=139&type=chunk) - There were no changes in internal control over financial reporting during the quarter that have materially affected, or are reasonably likely to materially affect, internal controls[140](index=140&type=chunk) PART II. OTHER INFORMATION [Legal Proceedings](index=35&type=section&id=Item%201.%20Legal%20Proceedings) The company refers to Note 15 for legal proceedings, detailing a **$14.0 million** settlement for the Delaware Stockholder Litigation with an expected **$2.5 million** insurance recovery - For details on legal proceedings, the report refers to **Note 15** of the Condensed Consolidated Financial Statements[144](index=144&type=chunk) - Note 15 discloses a **$14.0 million** settlement for the Delaware Stockholder Litigation, for which the company has accrued a liability and expects a **$2.5 million** insurance recovery[86](index=86&type=chunk) [Risk Factors](index=35&type=section&id=Item%201A.%20Risk%20Factors) No material changes to the company's risk factors have been reported since the filing of its Annual Report on Form **10-K** for the year ended December 31, 2024 - There have been no material changes to the company's risk factors since the **2024 Form 10-K** was filed[145](index=145&type=chunk) [Other Items (Items 2, 3, 4, 5)](index=35&type=section&id=Other%20Items%20(Items%202,%203,%204,%205)) The company reported no unregistered equity sales, no defaults on senior securities, no mine safety disclosures, and no Section 16 trading plan changes during the quarter - The company reported no unregistered sales of equity securities or use of proceeds during the quarter[146](index=146&type=chunk) - No defaults upon senior securities were reported[147](index=147&type=chunk) - No directors or officers adopted, modified, or terminated a **Rule 10b5-1** trading arrangement during the quarter[149](index=149&type=chunk)
Aeva Technologies, Inc. (AEVA) Reports Q1 Loss, Tops Revenue Estimates
ZACKS· 2025-05-14 22:26
Group 1 - Aeva Technologies reported a quarterly loss of $0.45 per share, better than the Zacks Consensus Estimate of a loss of $0.48, and an improvement from a loss of $0.56 per share a year ago, resulting in an earnings surprise of 6.25% [1] - The company achieved revenues of $3.37 million for the quarter ended March 2025, exceeding the Zacks Consensus Estimate by 53.09%, compared to revenues of $2.11 million in the same quarter last year [2] - Aeva Technologies has surpassed consensus EPS estimates for four consecutive quarters [2] Group 2 - The stock has increased approximately 185.1% since the beginning of the year, significantly outperforming the S&P 500's gain of 0.1% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.44 on revenues of $2.37 million, and for the current fiscal year, it is -$1.70 on revenues of $15.79 million [7] - The Zacks Industry Rank for Automotive - Original Equipment is in the bottom 42% of over 250 Zacks industries, indicating potential challenges for stock performance [8] Group 3 - Aeva Technologies holds a Zacks Rank 2 (Buy), suggesting that the shares are expected to outperform the market in the near future [6] - The estimate revisions trend for Aeva Technologies is currently favorable, which could influence future stock movements [5][6]