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Aeva Technologies (AEVA) reported earnings 30 days ago. What's next for the stock?
AEVA and OUST are gaining from the Physical AI lidar theme, but their growth paths, catalysts and execution risks differ.
Shares of Aeva Technologies Inc. (NASDAQ:AEVA) are trading lower Friday morning after short seller Fugazi Research published a critical report, labeling the stock “uninvestable at any price above zero.” Benzinga reached out to Aeva for comment regarding the short report, but the company did not immediately respond.
https://www.fugaziresearch.com/p/aeva-ridiculous-valuation-for-a-bleeding
Robotics and lidar names are getting flushed in Tuesday's trading as the broad AI trade takes a breather.
Aeva Technologies announced a potential deal with a major hyperscaler JDA and new optical connectivity product, but material revenues remain years away. AEVA's Q2 revenues were stagnant at $6.1 million, with no near-term sales ramp despite a robust pipeline. Large deals with Daimler Truck and a hyperscaler could drive significant revenue, but production ramps are not expected until 2027–2028.
Aeva stock beat earnings last night -- by losing slightly less money than it was expected to. The self-driving car stock is still probably not going to be profitable before 2030.
Aeva's Q2 loss narrows as service revenues nearly triple, lifting sales and turning gross profit positive despite higher operating expenses.