Luminar: Progress, But The Market Wants More

(7min)

Summary

  • Luminar Technologies, Inc. is making progress with new deals, but financials remain weak, requiring patience for long-term gains.
  • Volvo's EX90 production ramp and a second model with Iris LiDAR promise future revenue growth, despite current low sales.
  • Luminar's insurance program could offer significant savings, potentially making LiDAR cost-effective for consumers.
  • Despite frustrating financials, Luminar's strategic cost savings and production ramp-up suggest better financials by 2026.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »

Luminar technology sign is seen outside their headquarters in Orlando, Florida, USA on February 8, 2020.

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The autonomous driving sector continues to heat up, but Luminar Technologies, Inc. (NASDAQ:LAZR) continues to take steps backwards. The LiDAR sensor company has a ton of potential, but the stock appears stuck until the promises start showing up in

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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 LAZR 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.

The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock, you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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