Innoviz Tech: Order Book Impresses

Summary

  • Innoviz announced a $4 billion deal and the market yawned.
  • The company now has an order book through 2030 at $6+ billion.
  • The stock has a meager valuation and trades near the lows despite the orders in hand.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »

Lidar Autonomous Self Driving Driverless Vehicle Finding Parking On Road

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The Lidar sensor sector has struggled to meet lofty expectations since a slew of SPAC deals closed last year, but the companies are starting to build strong order backlogs mostly ignored by the market. Innoviz Technologies (

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This article was written by

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Stone Fox Capital is an RIA from Oklahoma. Mark Holder is a CPA with degrees in Accounting and Finance. He is also Series 65 licensed and has 30 years of investing experience, including 15 years as a portfolio manager.

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in INVZ over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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