Aeva Technologies Inc. Sees Stock Surge Amid Analyst Upgrades

Aeva Technologies Inc., a U.S.-based company specializing in lidar technology solutions, experienced a notable increase in its stock price following a series of analyst upgrades. The company, which operates primarily out of Mountain View, focuses on developing advanced sensing and perception technologies for autonomous machines. Aeva Technologies trades on the New York Stock Exchange and has a market capitalization of $1.3 billion.

On June 20, 2025, Aeva Technologies’ stock price rose by 6.6% during mid-day trading. This surge came after Roth Capital raised their price target on the stock from $17.00 to $30.00, maintaining a buy rating. The stock traded as high as $27.85 and last traded at $27.53. This increase represents a significant uptick from the previous closing price of $25.82. Despite the rise in stock price, trading volume saw a decline of 41% from the average daily volume, with approximately 761,081 shares traded during mid-day trading.

Earlier in the week, on June 17, Canaccord Genuity Group also increased their price objective on Aeva Technologies shares from $9.50 to $16.00, reaffirming a “buy” rating. Additionally, Morgan Stanley raised their target price on the stock, further contributing to the positive sentiment surrounding Aeva Technologies.

In other developments, Aeva Technologies announced the availability of new options for the August 15th expiration on June 17. The options chain identified one put and one call option, providing investors with additional avenues for trading.

Furthermore, Aeva Technologies has expanded its focus into Intelligent Transportation Systems (ITS), which analysts suggest could be the next growth frontier for the company. This strategic move aligns with the company’s mission to revolutionize autonomous systems’ perception and navigation capabilities.

Despite these positive developments, Aeva Technologies continues to face challenges, as indicated by its negative price-to-earnings ratio of -8.39. The company’s close price on June 17 was $28.10, with a 52-week high of $27.61 and a low of $2.201 recorded on July 4, 2024.

Overall, the recent analyst upgrades and strategic initiatives position Aeva Technologies for potential growth in the evolving autonomous systems and ITS markets. Investors and stakeholders will likely continue to monitor the company’s progress closely as it navigates these opportunities.