The Latest Breaking News from Luminar Technologies Inc

Macroeconomic headwinds might cripple the auto industry’s revenue streams this year. Hence, fundamentally weak auto stocks Luminar Technologies (LAZR), Aeva Technologies (AEVA), Nuvve Holding (NVVE), and Siyata Mobile (SYTA) might be best avoided. Keep reading.

While the Fed’s aggressive monetary policy has impacted the demand for new cars, the rapidly growing EV and used car market should enhance the growth of the auto parts industry. Hence, fundamentally strong auto parts stocks O’Reilly Automotive (ORLY), Bridgestone (BRDCY), and Garrett Motion (GTX) might be ideal additions to…

Even though the market for electric vehicles (EVs) is growing, supply chain issues and a lack of EV charging stations are still holding it back. Moreover, rising geo-political conflicts might further deteriorate the supply chain. Therefore, beaten down and fundamentally-weak EV supplier stocks Wolfspeed (WOLF), Luminar (LAZR), and EVgo (EVGO)…

Luminar Technologies Inc (NASDAQ:LAZR) has officially joined the U.S. Russell 2000 Index, effective June 27, 2022. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. About 30 million shares of Luminar's stock are expected to be purchased and held by…

With the increasing demand for advanced sensor technology from the automotive, healthcare, aerospace, and defense industries, the LiDAR industry is expected to thrive. So, Wall Street analysts believe LiDAR stocks Luminar Technologies (LAZR) and AEye (LIDR) have plenty of upside left.

Luminar Technologies Inc (NASDAQ:LAZR) has partnered with the mobility tech company ECARX to collaborate on automotive grade technologies. The partnership intends to enable advanced safety and automated driving capabilities in the production of consumer vehicles and commercial trucks. The arrangement is expected to strengthen Luminar's presence in China and help to deploy its…

Credit Suisse analyst Dan Levy initiated coverage of Luminar Technologies Inc (NASDAQ:LAZR) with an Outperform rating and a $22 price target (51% upside).  The analyst is optimistic about Luminar, as he believes the company is the "best of breed in the rapidly growing" mobility LiDAR market. Its commercial progress reflects a moat in LiDAR…

Velodyne Lidar Inc (NASDAQ:VLDR) disclosed offering 40 million warrants at $4.18/share to Amazon.com Inc (NASDAQ:AMZN), with full vesting contingent on $200 million of sales from Amazon. Velodyne will issue a warrant to a subsidiary of Amazon to acquire up to 39.6 million shares. Amazon is a well-rumored customer, specifically for last-mile delivery applications. Craig-Hallum analyst Richard Shannon…

Northland analyst Gus Richard reiterated his Outperform rating and a $38 price target on Luminar Technologies Inc (NASDAQ: LAZR). The price target implies an upside of 175%.