2024-04-10 12:36:05 ET
Summary
- Luminar Technologies, Inc. has reported record quarterly results and announced a SoP with a major Tier 1 auto, but the stock is trading at all-time lows.
- The company missed Q4 '23 consensus estimates and faced delays in the launch of the Volvo EX90 vehicle with Lidar installed, reducing market trust.
- The stock trades sub-$2 with a market cap of only $750 million, while the order book is a massive $3.8 billion.
Luminar Technologies, Inc. ( LAZR ) has faced a difficult period since going public via a SPAC, but the Lidar sensor company has made a lot of progress. The company recently reported record quarterly results and announced the SoP with a major Tier 1 auto, yet the stock now trades at the all-time lows. My investment thesis remains ultra-Bullish as the Lidar stock starts turning a large order book into actual sales....
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Luminar Technologies: Key Launch Ignored