Aeva Technologies (AEVA) AI Stock Analysis

• Market Cap: $823.14M
• Dividend Yield: N/A
• Average Volume (3M): 1.99M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.24
• Revenue Growth: 95.90%
• EPS Growth: 10.38%
• Country: US
• Employees: 276
• Sector: Technology
• Sector Strength: 76
• Industry: Auto - Parts
• EPS (TTM): -0.45
• Shares Outstanding: 55,022,644
• 10 Day Avg. Volume: 3,478,534
• 30 Day Avg. Volume: 1,988,897
• PEG Ratio: -0.31
• Price to Book (P/B): 3.80
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.70
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $16.00
• Price Target Upside: 12.68% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 52 Neutral
• Price Target: $15.50 ▲( 9.15% Upside)

Aeva Technologies faces significant financial challenges, with persistent losses and cash flow issues affecting its financial performance. Despite positive momentum in the stock's technical indicators and strategic progress highlighted in the earnings call, the valuation remains a concern due to negative earnings. Recent corporate events provide some optimism, but further improvements in profitability and financial stability are needed to enhance the stock's overall performance.

Positive Factors

Market Penetration

Analyst's target price increase is due to increased assumptions around market penetration in the industrial and automotive markets based on recent momentum.

Quarterly Results

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

Strategic Collaboration

A strategic collaboration with a technology-focused affiliate of a Global Fortune 500 company will bring Aeva's next-generation 4D LiDAR to industrial and consumer markets.

Negative Factors

Revenue Comparison

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 and licensing of its LiDAR and perception systems to automotive manufacturers and technology companies involved in the development of autonomous vehicles. The company also engages in strategic partnerships and collaborations with other firms in the automotive and technology industries to integrate its sensing solutions into a variety of applications, which contributes to its revenue streams. Additionally, Aeva may receive income from research and development contracts and government grants aimed at advancing autonomous driving technologies.

Aeva Technologies Financial Statement Overview

Summary

Aeva Technologies shows promising revenue growth but faces challenges in profitability and cash flow management. While it maintains a stable balance sheet with low leverage, the decrease in equity and cash reserves needs attention. Addressing operational inefficiencies is crucial for financial stability.

Income Statement

Aeva Technologies shows a mixed performance in its income statement. The company has experienced significant revenue growth, rising from $4.31M in 2023 to $9.07M in 2024, indicating a positive trend. However, the company is struggling with profitability as evidenced by consistent negative net income and gross profit margins. The EBIT and EBITDA margins are negative, reflecting ongoing operational challenges.

Balance Sheet

The balance sheet reveals a stable financial position with a low debt-to-equity ratio, reflecting conservative leverage practices. However, the equity ratio has decreased from previous years, indicating a reduction in the company's reliance on equity financing. The company's cash reserves are substantial, though they have decreased over time, requiring careful cash management going forward.

Cash Flow

Aeva Technologies faces challenges in cash flow management, with persistent negative free cash flow over the years. Operating cash flow remains negative, limiting the company's ability to generate cash from core operations. Although there is substantial investing cash flow, primarily from cash reserves, reliance on external financing for operational needs could pose a risk if not addressed.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
9.06M	4.31M	4.19M	9.27M	4.84M
	Gross Profit
-3.79M	-5.89M	-4.25M	3.43M	2.10M
	EBIT
-146.87M	-147.79M	-151.96M	-104.19M	-25.74M
	EBITDA
-137.93M	-140.08M	-145.81M	-101.14M	-24.94M
	Net Income Common Stockholders
-152.26M	-149.33M	-142.66M	-101.51M	-25.38M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
112.01M	221.03M	323.81M	445.01M	24.62M
	Total Assets
147.49M	257.38M	356.63M	479.19M	32.63M
	Total Debt
720.00K	7.35M	7.46M	10.33M	0.00
	Net Debt
-28.14M	-31.19M	-59.96M	-56.48M	-24.62M
	Total Liabilities
48.14M	28.94M	26.71M	22.81M	84.92M
	Stockholders Equity
99.35M	228.44M	329.93M	456.38M	-52.29M
Cash Flow		Free Cash Flow
-112.02M	-124.93M	-117.35M	-90.45M	-22.09M
	Operating Cash Flow
-106.91M	-118.83M	-109.91M	-82.11M	-21.23M
	Investing Cash Flow
97.90M	69.28M	110.89M	-388.57M	-855.00K
	Financing Cash Flow
-671.00K	20.68M	-369.00K	512.86M	73.00K

Aeva Technologies Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14.20
• 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 14.2 is above the 20-day moving average (MA) of 10.99, above the 50-day MA of 7.84, and above the 200-day MA of 4.77, indicating a bullish trend. The MACD of 2.42 indicates Negative momentum. The RSI at 63.72 is Neutral, neither overbought nor oversold. The STOCH value of 59.01 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 *	60 Neutral	$11.56B	10.24	-7.04%	2.94%	7.46%	-10.54%
INVZ	58 Neutral	$193.49M	―	-65.19%	―	28.52%	41.32%
HSAI	56 Neutral	$2.57B	―	-2.44%	―	9.07%	79.21%
SES	54 Neutral	$348.55M	―	-31.45%	―	―	-79.83%
AEVA	52 Neutral	$823.14M	―	-113.70%	―	95.90%	10.38%
LIDR	48 Neutral	$14.23M	―	-170.89%	―	-70.99%	69.17%
LAZR	43 Neutral	$206.06M	―	146.24%	―	-3.84%	67.67%

Aeva Technologies Corporate Events

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.

Aeva Technologies Appoints New Director Amid Leadership Changes

On March 27, 2025, Aeva Technologies announced the appointment of Katherine Motlagh as a Class I director on its Board of Directors, bringing her extensive financial and telecommunications experience to the company. This strategic addition comes as Aeva is poised to scale its 4D LiDAR technology for mass production, aiming to expand its market presence across industries such as automotive, robotics, and infrastructure. Concurrently, Erin L. Polek resigned from the Board due to personal reasons, with no disagreements with the company, marking a transition in Aeva’s leadership as it continues to pursue its growth objectives.