Baird Starts Aeva Technologies Inc. (AEVA) at Outperform

Baird analyst Tristan Gerra initiates coverage on Aeva Technologies Inc. (NYSE: AEVA) with a Outperform rating and a price target of $20.00.

The analyst comments "FMCW (Frequency Modulated Continuous Wave) is touted by industry participants as the most advanced, next-generation lidar technology, and Aeva is ahead in terms of customer traction with its FMCW lidar technology, for which it has a proprietary implementation validated by a number of patents. Announced automotive engagements include Audi, Volkswagen, Denso, ZF, and TuSimple. Aeva is also targeting the mass-volume consumer market, a unique angle among pure play lidar companies with very high potential. Consumer opportunities include 3D measurement and biometrics among many other applications. Outperform-rated."

For an analyst ratings summary and ratings history on Aeva Technologies Inc. click here. For more ratings news on Aeva Technologies Inc. click here.

Shares of Aeva Technologies Inc. closed at $11.32 yesterday.

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