Will Luminar Technologies Need To Raise $1B In Capital? This Bearish Analyst Answers
Will Luminar Technologies Need To Raise $1B In Capital? This Bearish Analyst Answers
Shares of Luminar Technologies Inc (NASDAQ:LAZR) were tanking in early trading on Wednesday.
周三，Luminar Technologies Inc（纳斯达克股票代码：LAZR）的股价在早盘交易中暴跌。
Volume forecasts for the company have been reduced meaningfully to reflect model launch delays and lower expectations for vehicles adopting the LIDAR technology, according to BofA Securities.
美银证券称，该公司的销量预测已大幅下调，以反映车型发布延迟以及对采用激光雷达技术的车辆的预期降低。
The Luminar Technologies Analyst: John Babcock downgraded the rating for Luminar Technologies from Neutral to Underperform, while slashing the price target from $3.50 to $1.20.
Luminar Technologies分析师：约翰·巴布科克将Luminar Technologies的评级从中性下调至表现不佳，同时将目标股价从3.50美元下调至1.20美元。
The Luminar Technologies Thesis: The company's volumes are likely to be impacted by weaker demand for EV (electric vehicles) due to "affordability challenges, range/charging anxiety and falling residual values," Babcock said in the downgrade note.
Luminar Technologies的论点：巴布科克在降级报告中表示，由于 “负担能力挑战、续航里程/充电焦虑和剩余价值下降”，该公司的销量可能会受到电动汽车（电动汽车）需求疲软的影响。
Check out other analyst stock ratings.
查看其他分析师股票评级。
"Commentary from suppliers at our recent 2024 BofA Auto Summit suggests OEMs are delaying or slowing down some model launches, specifically for EVs," the analyst wrote.
该分析师写道：“供应商在我们最近的2024年美银汽车峰会上发表的评论表明，汽车制造商正在推迟或放缓某些车型的发布，特别是针对电动汽车的车型。”
"Coupled with higher near-term costs, we now expect it could take until 2029/2030 for the company to achieve EBITDA and cash flow breakeven vs. our prior forecast for breakeven in 2027/2028," he added.
他补充说：“再加上更高的短期成本，我们现在预计公司可能要到2029/2030年才能实现息税折旧摊销前利润和现金流盈亏平衡，而我们之前对2027/2028年盈亏平衡的预测。”
Against this backdrop, Luminar Technologies may need to raise $1 billion in incremental capital through 2025, which would "meaningfully dilute existing shareholders," Babcock stated.
巴布科克表示，在这种背景下，Luminar Technologies可能需要在2025年之前筹集10亿美元的增量资本，这将 “有意义地稀释现有股东”。
LAZR Price Action: Shares of Luminar Technologies had declined by 8.59% to $1.76 at the time of publication on Wednesday.
LAZR价格走势：周三发布时，Luminar Technologies的股价下跌了8.59％，至1.76美元。
Photo courtesy of Luminar
照片由 Luminar 提供