AEVA

Aeva Technologies Inc

TMT, SPAC


Presented:04/19/2021
Price:$9.58
Cap:$2.02B
Current Price:$3.49
Cap:$0.19B

Presented

Date04/19/2021
Price$9.58
Market Cap$2.02B
Ent Value$0.45B
P/E RatioN/A
Book Value$7.78
Div Yield0%
Shares O/S211.04M
Ave Daily Vol1,625,246
Short IntN/A

Current

Price$3.49
Market Cap$0.19B
Aeva Technologies, Inc. develops sensing paradigm for autonomous vehicles and robotics. The firm offers drones, robotics, vehicle technology, and virtual and augmented reality products. The company was founded by Soroush Salehian Dardashti and Mina Rezk in 2017 and is headquartered in Mountain View, CA.

Publicly traded companies mentioned herein: Aeva Technologies Inc (AEVA), CF Finance Acquisition Corp III (CFAC), Innoviz Technologies Ltd (INVZ), Luminar Technologies Inc (LAZR), Ouster Inc (OUST), Velodyne Lidar Inc (VLDR)

Highlights

The presenter is short shares of Aeva Technologies Inc (AEVA), a lidar company that recently completed its SPAC merger on March 12th. At the current $9.58 share price, AEVA is valued at $2B. The presenter’s short position is based on his bearish short-term outlook on lidar companies due to the early and unprofitable current stage of the buildout. Within lidar, he considers AEVA the most speculative science project of all the lidar companies given its area of focus. He therefore believes the company’s outlook is overly bullish, noting that management expects to generate significant revenues 3 – 4 years before the presenter expects AEVA will be able to commercialize.

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Idea Discussion

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