Aeva Technologies (AEVA) AI Stock Analysis

• Market Cap: $1.30B
• Dividend Yield: N/A
• Average Volume (3M): 3.08M
• 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: 90
• Industry: Auto - Parts
• EPS (TTM): -0.45
• Shares Outstanding: 55,022,644
• 10 Day Avg. Volume: 2,801,096
• 30 Day Avg. Volume: 3,077,447
• PEG Ratio: -9.28
• Price to Book (P/B): 21.47
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -10.56
• Enterprise Value/Market Cap: 1.11
• Enterprise Value/Revenue: 42.38
• Enterprise Value/Gross Profit: -688.25
• Enterprise Value/Ebitda: -2.60
• 1Y Price Target: $21.60
• Price Target Upside: 0.51% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 47 Neutral
• Price Target: $21.00 ▼(-2.28%Downside)

AEVA's overall stock score is primarily influenced by its weak financial performance and valuation. While there are positive developments in strategic partnerships and market expansion, significant financial challenges remain. Technical analysis indicates bearish sentiment, further weighing on the stock's outlook.

Positive Factors

Financial Performance

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

Market Penetration

Aeva secured a win with a large scale passenger vehicle program, a significant milestone for the company.

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

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 (AEVA) is a technology company specializing in the development of sensing and perception solutions for autonomous vehicles and other applications. Founded in 2017 and headquartered in Mountain View, California, Aeva leverages its proprietary Frequency Modulated Continuous Wave (FMCW) LiDAR technology to provide high-performance 3D mapping and perception capabilities. The company's products aim to enhance the safety and efficiency of autonomous systems in the automotive, consumer electronics, and industrial sectors.

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 struggling with profitability and cash flow management, evidenced by consistent losses and negative cash flows. The balance sheet shows low leverage, but declining equity and assets raise concerns about financial health. The company must focus on improving operational efficiencies and generating positive cash flows to enhance its financial standing.

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	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
EBITDA	-137.93M	-140.08M	-145.81M	-101.14M	-24.94M
Net Income	-152.26M	-149.33M	-142.66M	-101.51M	-25.38M
Balance Sheet
Total Assets	147.49M	257.38M	356.63M	479.19M	32.63M
Cash, Cash Equivalents and Short-Term Investments	112.01M	221.03M	323.81M	445.01M	24.62M
Total Debt	3.76M	7.35M	7.46M	10.33M	0.00
Total Liabilities	48.14M	28.94M	26.71M	22.81M	5.72M
Stockholders Equity	99.35M	228.44M	329.93M	456.38M	26.91M
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: Neutral
• Last Price: 21.49
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AEVA, the sentiment is Neutral. The current price of 21.49 is below the 20-day moving average (MA) of 29.13, below the 50-day MA of 24.29, and above the 200-day MA of 9.72, indicating a neutral trend. The MACD of -0.23 indicates Positive momentum. The RSI at 39.92 is Neutral, neither overbought nor oversold. The STOCH value of 4.90 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AEVA.

Aeva Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INVZ	64 Neutral	$387.98M	―	-65.19%	―	28.52%	41.32%
HSAI	59 Neutral	$2.89B	―	-0.30%	―	23.48%	97.67%
Sector *	57 Neutral	HK$14.47B	5.85	-5.77%	4.75%	9.65%	-43.80%
LIDR	55 Neutral	$56.16M	―	-170.89%	―	-70.99%	69.17%
SES	54 Neutral	$443.89M	―	-31.45%	―	―	-79.83%
AEVA	47 Neutral	$1.30B	―	-113.70%	―	95.90%	10.38%
LAZR	44 Neutral	$168.00M	―	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.