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]

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)

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]

Financial Data and Key Metrics Changes - Revenue in Q1 2025 was $3.4 million, marking a record product revenue for the quarter and reflecting continued growth in commercial traction from automotive and industrial customers [22] - Non-GAAP operating loss for Q1 was $25.9 million, which is 19% lower year over year, consistent with the plan to reduce non-GAAP operating expenses by 10% to 20% for the full year [22] - Gross cash use was $31.3 million in the quarter, with operating cash use of $30.8 million and capital expenditures of $0.5 million [22] - Total available liquidity at the end of Q1 was $206 million, including $81 million in cash and cash equivalents and $125 million in undrawn facilities [22] Business Line Data and Key Metrics Changes - The company is seeing strong commercial traction with the EVE ONE line of high precision sensors, with over 1,000 sensors booked and plans to ship later this year [8][12] - The EVE ONE sensors are designed for high volume and inline industrial automation applications, representing a breakthrough in the $4 billion laser displacement sensor market [6][11] - Initial orders for EVE ONE sensors have already started shipping, with significant interest from leading industrial automation companies [12] Market Data and Key Metrics Changes - Aeva has entered the Intelligent Transportation System (ITS) market, securing a partnership with Sensus GATSO as its exclusive LiDAR supplier for mobile speed detection products in Australia [8][19] - The overall addressable market for laser displacement sensors is projected to grow significantly, with annual volumes exceeding 2 million sensors [13] Company Strategy and Development Direction - Aeva's mission is to build a core FMCW technology platform to expand applications beyond automotive, with significant progress in industrial automation and ITS [6][10] - Aeva announced a strategic collaboration with a global Fortune 500 technology subsidiary, which plans to invest up to $50 million to expand Aeva's end markets and deliver advanced perception sensing products [9][16] - The company aims to leverage its strategic partner's manufacturing expertise to accelerate product development and market entry [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position to accelerate the adoption of its technology platform and enter new markets, citing strong commercial momentum [25] - The company anticipates at least 80% to 100% revenue growth for the full year compared to 2024, driven by increasing commercial traction across automotive and industrial markets [24][51] Other Important Information - Aeva plans to host an AIVA Day on July 31 in New York City to provide deeper insights into its technology and commercial traction [26] - The company is ramping up manufacturing capacity to meet growing demand for its sensors, targeting an installation capacity of 100,000 units per year [41][60] Q&A Session Summary Question: Can you talk about incremental target markets with the new partner? - Management highlighted the partnership's potential to expand into consumer market applications and accelerate industrial applications, leveraging the partner's scale and experience [30] Question: How is the relationship with SICK evolving? - Management noted a long-standing partnership with SICK, which holds about 15% market share, and expressed confidence in transitioning a significant portion of their portfolio to FMCW technology [34] Question: How long does it take to ramp new customers in the laser displacement sensor market? - Management indicated that while initial engagements take time, subsequent customer onboarding is expected to be much quicker, potentially within months [40] Question: Can you discuss momentum with other passenger OEMs? - Management confirmed ongoing engagements with multiple top passenger OEMs and expressed optimism about transitioning from development to production phases [48] Question: What led to the increase in revenue guidance? - Management attributed the increased guidance to strong momentum in both industrial and automotive markets, with record product revenue in Q1 [51] Question: What is the expected timeline for finishing the manufacturing capacity ramp? - Management confirmed that the goal is to install manufacturing capacity of 100,000 units within the current year [60] Question: Can you recap the remaining milestones for the global top 10 passenger OEM? - Management outlined that the next steps involve integration activities to ensure the sensor design fits across multiple vehicle models, with confidence in transitioning to production [66]

Financial Data and Key Metrics Changes - Revenue in Q1 was $3.4 million, marking a record product revenue for the quarter and reflecting continued growth in commercial traction from automotive and industrial customers [21] - Non-GAAP operating loss was $25.9 million, which is 19% lower year over year, consistent with the plan to reduce non-GAAP operating expenses by 10% to 20% for the full year [21][22] - Total available liquidity at the end of Q1 was $206 million, including $81 million in cash and cash equivalents, and $125 million in undrawn facilities [22][23] - The company anticipates an increase in revenue range to at least 80% to 100% growth for the full year compared to 2024, not including the strategic collaboration announced [24][51] Business Line Data and Key Metrics Changes - The EVE ONE line of high precision sensors was unveiled, targeting the $4 billion laser displacement sensor market, with over 1,000 sensors already booked for shipment later this year [5][6][12] - Strong commercial traction was noted with multiple industry-leading industrial automation companies, including SIG AG and LMI Technologies, which represent over 15% of the market share [11][12][34] - The company is ramping up manufacturing capacity to meet growing demand for EVE ONE sensors, targeting an installation capacity of 100,000 units per year [42][60] Market Data and Key Metrics Changes - AIVA entered the Intelligent Transportation System (ITS) market, securing a partnership with Sensus GATSO as its exclusive LiDAR supplier for mobile speed detection products in Australia [6][19] - The overall addressable market for laser displacement sensors is projected to grow significantly, with annual volumes exceeding 2 million sensors [12] Company Strategy and Development Direction - AIVA's mission is to build a core FMCW technology platform to expand applications beyond automotive, with significant progress in industrial automation and ITS [5][6] - A strategic collaboration with a global Fortune 500 technology subsidiary was announced, involving an investment of up to $50 million to expand AIVA's end markets and deliver advanced perception sensing products [8][16] - The company aims to leverage its strategic partner's manufacturing expertise to accelerate product development and market entry [17][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position to capitalize on significant interest in AIVA's unique FMCW technology, with strong momentum across automotive, industrial, and ITS markets [25] - The company is optimistic about transitioning from development to large-scale production with the global top 10 passenger OEM, having achieved initial milestones [15][47] - Management highlighted the importance of the strategic collaboration as a validation of AIVA's technology and its potential for broad deployment across multiple markets [17][18] Other Important Information - The company plans to host an AIVA Day on July 31 in New York City to provide deeper insights into its technology and commercial traction [26] Q&A Session Summary Question: Can you talk about incremental target markets with the new partner? - The partnership aims to expand into consumer market applications and accelerate industrial applications, leveraging the partner's experience and relationships with key OEMs [28][29][30] Question: How is the relationship with SICK evolving? - The partnership with SICK is significant, with SICK holding about 15% market share and the potential to transition a majority of their portfolio to FMCW technology [32][34] Question: How quickly can new customers be ramped up? - Initial engagements may take time, but subsequent customer onboarding is expected to be much quicker, potentially within months [40][41] Question: What is the potential momentum with other passenger OEMs? - AIVA is engaged with multiple top passenger OEMs and is seeing significant opportunities across both passenger and commercial vehicles [45][48] Question: What led to the increase in revenue guidance? - The increase is driven by strong momentum in both industrial and automotive markets, with record product revenue in Q1 [50][51] Question: What is the expected revenue contribution from increased industrial market volumes? - The growth is expected to contribute millions in revenue, with average selling prices for sensors in the thousands of dollars [55][56] Question: What are the remaining milestones for the global top 10 passenger OEM? - Key activities include integration and packaging to fit the OEM's production platform, with a focus on transitioning to the production phase [63][64]

Financial Highlights - Aeva reported revenue of $3.4 million in Q1 2025[67] - The company's Non-GAAP operating loss for Q1 2025 was ($25.9) million, excluding $4.6 million in stock-based compensation[67,8] - Gross cash use, defined as operating cash flow less capital expenditures, was ($31.3) million in Q1 2025, with capital expenditures of $0.5 million[67,3] - Aeva had $206.0 million of liquidity as of March 31, 2025, including $81.0 million in cash, cash equivalents, and marketable securities, and a fully available facility of $125.0 million[68,8] Business Updates - Aeva launched the Eve 1D high-precision sensor for manufacturing automation applications, securing first orders for over 1,000 sensors from strategic customers SICK AG and LMI Technologies[14,21,34] - The company is on track with a global top 10 passenger OEM development program, having achieved the first milestone[16,47] - Aeva entered into a strategic collaboration with a Global Fortune 500 company's tech subsidiary, with an investment of up to $50 million[21,50] - Aeva was selected as the exclusive LiDAR supplier for Sensys Gatso Australia's new mobile speed detection products[19,54]

Financial Performance - Achieved record product revenue of $3.4 million in Q1 2025, up from $2.1 million in Q1 2024, representing a 61.9% increase[12] - GAAP operating loss decreased to $30.4 million in Q1 2025 from $37.3 million in Q1 2024, a reduction of 18.5%[12] - Non-GAAP net loss per share improved to $0.45 in Q1 2025 from $0.56 in Q1 2024[12] - The company reported a net loss of $34.867 million for the three months ended March 31, 2025, compared to a net loss of $35.326 million for the same period in 2024, reflecting a slight improvement[23] - Non-GAAP net loss for the same period was $24.903 million, down from $29.628 million year-over-year, indicating a reduction in losses[26] - Basic and diluted GAAP net loss per share improved to $(0.64) from $(0.67) year-over-year[27] Cash Flow and Liquidity - Cash, cash equivalents, and marketable securities totaled $81.0 million as of March 31, 2025[6] - The company experienced a net cash used in operating activities of $30.792 million, slightly better than the $30.962 million used in the prior year[23] - Cash flows from investing activities provided $23.322 million, compared to $22.036 million in the previous year, showing an increase in cash generated from investments[23] - The ending cash and cash equivalents decreased to $21.211 million from $29.605 million year-over-year, indicating a decline in liquidity[23] Strategic Initiatives - Introduced Aeva Eve 1D, the industry's first FMCW high-precision laser displacement sensor for industrial automation, with initial orders exceeding 1,000 sensors[5] - Signed a strategic collaboration and investment agreement with a Global Fortune 500 technology subsidiary, with an investment of up to $50 million to expand into new markets[5] - Entered the intelligent transportation systems (ITS) market, becoming the exclusive LiDAR supplier for Sensys Gatso Australia's new mobile speed detection products[5] - Achieved the first milestone for a development program with a global top 10 passenger OEM, positioning for a large-scale production program[5] - The company is focusing on reducing operating losses and improving cash flow through strategic investments and cost management initiatives[24] Asset and Liability Management - Total current assets decreased to $91.8 million as of March 31, 2025, down from $123.3 million as of December 31, 2024[19] - Total liabilities decreased to $45.7 million as of March 31, 2025, compared to $48.1 million as of December 31, 2024[19] Stock and Compensation - Stock-based compensation for the three months ended March 31, 2025, was $4.564 million, down from $5.261 million in the same period of 2024[26] - The company reported a change in the fair value of warrant liabilities of $5.400 million for the current period, compared to $437,000 in the prior year[26] - The number of shares used in computing GAAP net loss per share increased to 54,750,088 from 52,742,725 in the previous year[27]

Core Viewpoint - The market anticipates Aeva Technologies, Inc. (AEVA) will report a year-over-year increase in earnings driven by higher revenues for the quarter ending March 2025, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Aeva Technologies is expected to report a quarterly loss of $0.48 per share, reflecting a year-over-year change of +14.3%, with revenues projected at $2.2 million, an increase of 4.3% from the previous year [3]. - The consensus EPS estimate has been revised 1.22% lower in the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%, making it challenging to predict an earnings beat [10][11]. - Aeva Technologies holds a Zacks Rank of 2, which indicates a potential for positive performance, but the lack of a positive Earnings ESP complicates predictions [11]. Historical Performance - In the last reported quarter, Aeva Technologies was expected to post a loss of $0.58 per share but delivered a loss of $0.49, resulting in a surprise of +15.52% [12]. - Over the past four quarters, the company has successfully beaten consensus EPS estimates each time [13]. Conclusion - While Aeva Technologies does not appear to be a strong candidate for an earnings beat, investors should consider other factors influencing stock performance ahead of the earnings release [16].

Company Overview - Aeva Technologies, Inc. (AEVA) shares increased by 18.2% to close at $9.21, with a notable trading volume compared to normal sessions, and a total gain of 22.9% over the past four weeks [1][2] Recent Developments - The appointment of Daniel Gibson, Founder, CIO, and Managing Partner of Sylebra Capital, to Aeva's board of directors is effective May 1, 2025 [2] - Aeva is collaborating with SICK to integrate its FMCW technology into industrial sensors, with commercial launches anticipated in the third quarter of 2025 [2] - Aeva has secured a development program from a top 10 global automaker for its next-generation vehicle platform [2] Financial Projections - Aeva projects 2025 revenues between $15 million and $18 million, indicating a year-over-year growth of 70% to 100% [2] - The company is expected to report a quarterly loss of $0.48 per share, reflecting a year-over-year change of +14.3%, with revenues anticipated at $2.2 million, up 4.3% from the previous year [3] Earnings Estimates - The consensus EPS estimate for Aeva has been revised 1.2% lower in the last 30 days, which typically does not correlate with price appreciation [4] - Aeva currently holds a Zacks Rank of 2 (Buy), indicating a positive outlook [4] Industry Context - Aeva Technologies operates within the Zacks Automotive - Original Equipment industry, where ChargePoint Holdings, Inc. (CHPT) has a Zacks Rank of 3 (Hold) and reported a 0.6% increase in its last trading session [4][5]

Group 1 - Aeva Technologies, Inc. is currently outperforming its peers in the Auto-Tires-Trucks sector with a year-to-date return of 54.1%, while the sector average is -18.4% [4] - The Zacks Consensus Estimate for Aeva's full-year earnings has increased by 20.7% in the past quarter, indicating a stronger analyst sentiment and improving earnings outlook [4] - Aeva Technologies, Inc. holds a Zacks Rank of 2 (Buy), suggesting it has favorable characteristics to outperform the market in the near term [3] Group 2 - Aeva Technologies, Inc. is part of the Automotive - Original Equipment industry, which has seen a year-to-date loss of about 5.9%, indicating that Aeva is performing better than its industry peers [6] - Another stock in the Auto-Tires-Trucks sector, Michelin, has a year-to-date return of 9.6% and also holds a Zacks Rank of 2 (Buy) [5] - The Rubber - Tires industry, which includes Michelin, has performed well with a year-to-date increase of 22.2% [6]