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Aeva Technologies, Inc. (AEVA)
:AEVA
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Aeva Technologies
(NASDAQ:AEVA)
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Rating:45Neutral
Price Target:
$15.50
▼(-5.14% Downside)
Aeva Technologies' overall stock score is primarily impacted by its poor financial performance, characterized by negative margins and financial instability. Technical analysis provides a slightly more positive outlook with some long-term support, but short-term indicators suggest potential weakness. The valuation is unattractive due to ongoing losses and lack of dividends.
Positive Factors
Revenue Growth
Strong revenue growth indicates expanding market presence and potential for increased market share, supporting long-term business sustainability.
Cash Flow Improvement
Improvement in free cash flow suggests better cash management, which can enhance financial flexibility and support future investments.
Market Expansion
Diverse revenue streams from multiple sectors reduce dependency on a single market, enhancing resilience and growth opportunities.
Negative Factors
Negative Margins
Persistent negative margins highlight operational inefficiencies and cost management issues, threatening long-term profitability.
Financial Instability
Financial instability with negative equity and solvency concerns could limit growth and investment capabilities, impacting future operations.
Negative Operating Cash Flow
Negative operating cash flow indicates cash consumption, which could strain resources and limit the ability to fund operations and growth.
Aeva Technologies (AEVA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$920.39M
Dividend YieldN/A
Average Volume (3M)2.19M
Price to Earnings (P/E)―
Beta (1Y)2.36
Revenue Growth111.39%
EPS Growth-74.39%
CountryUS
Employees276
SectorTechnology
Sector Strength88
IndustryAuto - Parts
Share Statistics
EPS (TTM)-0.44
Shares Outstanding56,327,698
10 Day Avg. Volume1,650,970
30 Day Avg. Volume2,187,170
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)2.55
Price to Sales (P/S)27.96
P/FCF Ratio-2.26
Enterprise Value/Market Cap2.21
Enterprise Value/Revenue147.31
Enterprise Value/Gross Profit-514.27
Enterprise Value/Ebitda-15.08
Forecast
1Y Price Target
$24.50Price Target Upside49.94% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
Aeva Technologies Business Overview & Revenue Model
Company DescriptionAeva Technologies (AEVA) is a pioneering technology company focused on developing advanced sensing and perception systems for autonomous vehicles and other applications. Specializing in LiDAR technology, Aeva's core products include high-performance sensor systems that enable enhanced perception for 3D mapping and object detection. The company aims to revolutionize the automotive industry by providing solutions that enhance safety and efficiency in transportation, as well as other sectors that require precise environmental mapping.
How the Company Makes MoneyAeva generates revenue primarily through the sale of its LiDAR sensors and related software solutions to original equipment manufacturers (OEMs) in the automotive industry and other sectors such as robotics and industrial automation. The company also engages in strategic partnerships with automotive manufacturers and technology companies to integrate its sensing technology into their products, providing a recurring revenue stream through licensing agreements and service contracts. Additionally, Aeva may explore opportunities in government contracts and collaborations for research and development, which can contribute to its overall earnings.
Aeva Technologies Earnings Call Summary
Earnings Call Date:Jun 30, 2025
(Q1-2025)
| % Change Since: |
Next Earnings Date:Nov 05, 2025
Earnings Call Sentiment Positive
Aeva's earnings call highlighted significant achievements and growth opportunities, including record product revenue, strategic collaborations, and expansion into new markets. Despite reporting an operating loss and high cash use, the positive developments and increased revenue guidance suggest strong commercial momentum and potential for future success.Q1-2025 Updates
Positive Updates
Record Product Revenue
Aeva achieved a record product revenue of $3.4 million in Q1 2025, reflecting significant growth in commercial traction from automotive and industrial customers.
Strategic Collaboration with Fortune 500 Company
Aeva announced a strategic collaboration with a Global Fortune 500 company, including an investment of up to $50 million and selection as Tier 2 manufacturing partner for a top 10 passenger OEM program.
Expansion into Industrial Automation
Aeva unveiled the Eve 1 line of high precision sensors, securing orders of over 1,000 sensors and partnerships with multiple industry leaders, targeting a $4 billion market.
Growth in Intelligent Transportation Systems
Aeva entered the ITS market with Sensys Gatso as its exclusive LiDAR supplier for new mobile speed detection products in Australia.
Increased Revenue Guidance
Aeva increased its revenue guidance to 80% to 100% growth for the full year, driven by strong commercial momentum in both industrial and automotive markets.
Negative Updates
Non-GAAP Operating Loss
Aeva reported a non-GAAP operating loss of $25.9 million in Q1 2025, although this was a 19% improvement year-over-year.
High Cash Use in Q1
Aeva's cash use was $31.3 million in Q1, driven by timing of payments and working capital, although it is typical for Q1 to have higher cash use.
Company Guidance
During Aeva Technologies' first quarter 2025 earnings call, the company provided guidance indicating strong commercial momentum and outlined several key metrics. Revenue for Q1 2025 was recorded at $3.4 million, marking a record in product revenue attributed to growth from automotive and industrial customers. The company reported a non-GAAP operating loss of $25.9 million, which is a 19% reduction year-over-year, aligning with their strategy to decrease operating expenses by 10% to 20% annually. Aeva's gross cash usage was $31.3 million, comprising $30.8 million in operating cash and $0.5 million in capital expenditures, leaving them with $206 million in total liquidity. Notably, Aeva announced a strategic collaboration with a Global Fortune 500 company, including an investment of up to $50 million, which is expected to further expand their market presence. Given these developments, Aeva increased its full-year revenue growth guidance to 80% to 100% compared to 2024, highlighting their confidence in the ongoing commercial traction.Aeva Technologies Financial Statement Overview
Summary
Aeva Technologies is struggling with profitability and cash flow management, evidenced by consistent losses and negative cash flows. While the balance sheet shows low leverage, 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.25
Negative
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.20
Very Negative
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.30
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.82M | 9.06M | 4.31M | 4.19M | 9.27M | 4.84M |
| Gross Profit | -3.96M | -3.79M | -5.89M | -4.25M | 3.43M | 2.10M |
| EBITDA | -135.06M | -137.93M | -140.08M | -145.81M | -101.14M | -24.94M |
| Net Income | -301.15M | -152.26M | -149.33M | -147.31M | -101.51M | -25.57M |
Balance Sheet | ||||||
| Total Assets | 91.15M | 147.49M | 257.38M | 356.63M | 479.19M | 32.63M |
| Cash, Cash Equivalents and Short-Term Investments | 49.85M | 112.01M | 221.03M | 323.81M | 445.01M | 24.62M |
| Total Debt | 1.83M | 3.76M | 7.35M | 7.46M | 10.33M | 0.00 |
| Total Liabilities | 209.33M | 48.14M | 28.94M | 26.71M | 22.81M | 5.72M |
| Stockholders Equity | -118.18M | 99.35M | 228.44M | 329.93M | 456.38M | 26.91M |
Cash Flow | ||||||
| Free Cash Flow | -111.91M | -112.02M | -124.93M | -117.35M | -90.45M | -22.09M |
| Operating Cash Flow | -107.40M | -106.91M | -118.83M | -109.91M | -82.11M | -21.23M |
| Investing Cash Flow | 129.82M | 97.90M | 69.28M | 110.89M | -388.57M | -855.00K |
| Financing Cash Flow | -1.11M | -671.00K | 20.68M | -369.00K | 512.86M | 73.00K |
Aeva Technologies Technical Analysis
Negative
16.34
Price Trends
16.09
Positive
19.68
Negative
13.74
Positive
Market Momentum
0.04
Positive
48.49
Neutral
29.38
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AEVA, the sentiment is Negative. The current price of 16.34 is below the 20-day moving average (MA) of 16.94, above the 50-day MA of 16.09, and above the 200-day MA of 13.74, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 48.49 is Neutral, neither overbought nor oversold. The STOCH value of 29.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AEVA.
Aeva Technologies Risk Analysis
Aeva Technologies disclosed 77 risk factors in its most recent earnings report. Aeva Technologies reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Aeva Technologies Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
| ― | $373.44M | ― | -72.45% | ― | 17.32% | 37.70% | |
| ― | $776.98M | ― | -34.37% | ― | ― | -63.15% | |
| ― | $56.22M | -1.33 | -27.62% | ― | -27.36% | -218.40% | |
| ― | $920.39M | ― | -1441.64% | ― | 111.39% | -74.39% | |
| ― | $110.64M | -0.96 | -222.90% | ― | -23.62% | 71.09% | |
| ― | $79.77M | ― | ― | ― | -5.22% | 84.74% |
* Technology Sector Average
AEVA
Aeva Technologies
16.34
12.49
324.42%
CVGI
Commercial Vehicle Group
1.52
-1.56
-50.65%
LAZR
Luminar Technologies
1.16
-10.92
-90.40%
INVZ
Innoviz Technologies
1.86
1.22
190.63%
LIDR
AEye Inc
2.65
1.59
150.00%
SES
SES AI Corporation Class A
2.36
1.91
424.44%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.