Aeva Technologies (AEVA) AI Stock Analysis

• Market Cap: $1.70B
• Dividend Yield: N/A
• Average Volume (3M): 2.61M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.54
• Revenue Growth: 95.90%
• EPS Growth: 10.38%
• Country: US
• Employees: 276
• Sector: Technology
• Sector Strength: 86
• Industry: Auto - Parts
• EPS (TTM): -0.45
• Shares Outstanding: 55,022,644
• 10 Day Avg. Volume: 4,164,021
• 30 Day Avg. Volume: 2,609,779
• PEG Ratio: -0.07
• Price to Book (P/B): 0.90
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.52
• Enterprise Value/Market Cap: 0.14
• Enterprise Value/Revenue: 6.95
• Enterprise Value/Gross Profit: -112.82
• Enterprise Value/Ebitda: -0.43
• 1Y Price Target: $18.60
• Price Target Upside: -39.77% Downside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 55 Neutral
• Price Target: $29.00 ▼(-6.09%Downside)

Aeva Technologies faces significant financial challenges with ongoing losses and negative cash flows, which is the main concern. However, the technical indicators show positive momentum, suggesting market optimism. Recent corporate events have been positive, including a private placement and a strategic board appointment, providing some support to the stock's outlook.

Positive Factors

Earnings

Aeva reported quarterly results that were most above estimates and a slight guidance increase.

Strategic Partnerships

Aeva announced a strategic collaboration with the technology-focused affiliate of a Global Fortune 500 company, which includes a significant investment and focus on bringing next-generation 4D LiDAR to industrial and consumer markets.

Negative Factors

Market Competition

Despite the recent win, Aeva has lagged some more scaled peers in the space in terms of revenue as lidar has been a slow market to inflect in the US.

Aeva Technologies Business Overview & Revenue Model

Company Description

Aeva Technologies, Inc., through its frequency modulated continuous wave (FMCW) sensing technology, designs a 4D LiDAR-on-chip that enables the adoption of LiDAR across various applications. from automated driving to consumer electronics, consumer health, industrial automation, and security application. The company was founded in 2017 is based in Mountain View, California.

How the Company Makes Money

Aeva Technologies generates revenue primarily through the sale of its LiDAR sensors and related perception solutions. The company targets automotive OEMs and technology companies developing autonomous vehicles as key customers. Aeva's revenue model includes direct sales of its hardware products, licensing of its technology, and strategic partnerships with major players in the automotive and technology industries. Additionally, Aeva may engage in collaborative projects and joint ventures to further commercialize its technology and expand its market reach.

Aeva Technologies Financial Statement Overview

Summary

Aeva Technologies is facing significant financial challenges, with negative growth in revenue and increasing losses. The company's profitability and cash flow management are concerning, despite low leverage. The balance sheet and cash flow statements reflect a need for improved operational efficiencies.

Income Statement

Aeva Technologies is experiencing negative growth, with a declining revenue and increasing losses. The TTM gross profit margin is negative due to a gross loss, and both EBIT and EBITDA margins are significantly negative, indicating operating inefficiencies. Although there was a slight revenue growth in TTM, the net profit margin remains negative, highlighting persistent profitability challenges.

Balance Sheet

The company has a reasonable debt-to-equity ratio, reflecting low leverage. However, the return on equity is negative due to persistent losses, and the equity ratio has declined over time, indicating a reduction in financial stability. The balance sheet shows a decrease in total assets and stockholders' equity, which raises concerns about long-term viability.

Cash Flow

Aeva Technologies faces cash flow difficulties, with negative operating cash flow and free cash flow in TTM. The free cash flow growth rate is negative, suggesting deteriorating cash-generating capability. The operating cash flow to net income ratio is poor, indicating cash flow issues relative to earnings. Despite these challenges, investing activities provide some liquidity support.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	10.33M	9.06M	4.31M	4.19M	9.27M	4.84M
Gross Profit	-2.09M	-3.79M	-5.89M	-4.25M	3.43M	2.10M
EBITDA	-134.05M	-137.93M	-140.08M	-145.81M	-101.14M	-24.94M
Net Income	-151.80M	-152.26M	-149.33M	-142.66M	-101.51M	-25.38M
Balance Sheet
Total Assets	114.55M	147.49M	257.38M	356.63M	479.19M	32.63M
Cash, Cash Equivalents and Short-Term Investments	81.00M	112.01M	221.03M	323.81M	445.01M	24.62M
Total Debt	175.00K	3.76M	7.35M	7.46M	10.33M	0.00
Total Liabilities	45.74M	48.14M	28.94M	26.71M	22.81M	5.72M
Stockholders Equity	68.81M	99.35M	228.44M	329.93M	456.38M	26.91M
Cash Flow
Free Cash Flow	-140.60M	-112.02M	-124.93M	-117.35M	-90.45M	-22.09M
Operating Cash Flow	-135.91M	-106.91M	-118.83M	-109.91M	-82.11M	-21.23M
Investing Cash Flow	122.59M	97.90M	69.28M	110.89M	-388.57M	-855.00K
Financing Cash Flow	-1.06M	-671.00K	20.68M	-369.00K	512.86M	73.00K

Aeva Technologies Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 30.88
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AEVA, the sentiment is Positive. The current price of 30.88 is above the 20-day moving average (MA) of 26.63, above the 50-day MA of 18.07, and above the 200-day MA of 7.73, indicating a bullish trend. The MACD of 4.33 indicates Negative momentum. The RSI at 60.31 is Neutral, neither overbought nor oversold. The STOCH value of 59.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AEVA.

Aeva Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$33.61B	6.06	-11.53%	1.82%	5.53%	-18.79%
HSAI	63 Neutral	$2.81B	―	-0.30%	―	23.48%	97.67%
LIDR	57 Neutral	$18.81M	―	-170.89%	―	-70.99%	69.17%
AEVA	55 Neutral	$1.70B	―	-113.70%	―	95.90%	10.38%
INVZ	54 Neutral	$298.44M	―	-65.19%	―	28.52%	41.32%
SES	54 Neutral	$324.26M	―	-31.45%	―	―	-79.83%
LAZR	44 Neutral	$136.78M	―	146.24%	―	-3.84%	67.67%

Aeva Technologies Corporate Events

Aeva Technologies Holds 2025 Annual Stockholder Meeting

On June 20, 2025, Aeva Technologies, Inc. held its 2025 Annual Meeting of Stockholders, where key proposals were voted on, including the election of Class I directors, the ratification of Deloitte & Touche LLP as the independent auditor for the fiscal year ending December 31, 2025, and an advisory vote on executive compensation. The outcomes of these votes are significant for the company’s governance and operational oversight, reflecting shareholder support for the current leadership and strategic direction.

The most recent analyst rating on (AEVA) stock is a Buy with a $9.00 price target. To see the full list of analyst forecasts on Aeva Technologies stock, see the AEVA Stock Forecast page.

Aeva Technologies Secures $32.5M in Private Placement

On May 13, 2025, Aeva Technologies, Inc. announced a private placement agreement with an accredited investor to sell 3,509,719 shares of common stock at $9.26 per share, raising approximately $32.5 million. This strategic move aims to bolster the company’s financial position and potentially enhance its market presence, although the shares have not been registered under the Securities Act of 1933, relying instead on an exemption for the transaction.

The most recent analyst rating on (AEVA) stock is a Buy with a $5.00 price target. To see the full list of analyst forecasts on Aeva Technologies stock, see the AEVA Stock Forecast page.

Aeva Technologies Appoints Daniel Gibson as Director

On May 1, 2025, Aeva Technologies appointed Daniel Gibson as a Class III director, following the resignation of Christopher Eberle. Gibson, the Founder and CIO of Sylebra Capital Management, brings extensive experience in technology investments, which is expected to bolster Aeva’s commercial momentum. His appointment reflects strong backing from Sylebra, and his expertise is anticipated to support Aeva as it approaches a critical phase in its growth trajectory.