- Luna Innovations makes fiber optic sensors that monitor smart bridges and roads.
- If an infrastructure bill passes Congress, it will likely stipulate technology for monitoring roads and bridges.
- Luna trades at a cheap valuation for its potential upside from infrastructure and other facets of its business.
- At 2.5x 2022E sales, Luna trades at a steep discount to its peer Keysight Technologies (KEYS) which trades at 5.5x sales.
- At a KEYS multiple, Luna would trade at $24.19 or 124% upside from current levels.
For further details see:
Luna Innovations: Likely Beneficiary Of An Infrastructure Bill