Innoviz Technologies Ltd (INVZ)

[WeTheMarket]

Seeking Alpha article Aeva: Buy 4D LiDAR On The Dip
May 21, 2021 3:24 PM ET

Summary
- Aeva missed Q1 financial targets, but the investment isn't based on 2021 results.
- The company announced an encouraging landmark deal, but the lack of details worried the market.
- The stock trades nearly 20% below the SPAC deal price, providing a speculative opportunity.
Anybody originally excited by the lidar stocks that went public via SPACs in the last few months should look at the sector again. Stocks such as Aeva Technologies (AEVA) trades at up to 50% discounts from original hyped up prices. My investment thesis remains far more bullish on this stock after the sell off and a promising big deal.

Takeaway
The key investor takeaway is that the lidar space remains highly speculative. The companies don't expect to reach material sales until 2023 and beyond. Those betting on the space probably won't get much of a better deal than Aeva already trading nearly 20% below the SPAC deal price.