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.
週三，Luminar Technologies Inc（納斯達克股票代碼：LAZR）的股價在早盤交易中暴跌。
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.
美銀證券稱，該公司的銷量預測已大幅下調，以反映車型發佈延遲以及對採用激光雷達技術的車輛的預期降低。
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分析師：約翰·巴布科克將Luminar Technologies的評級從中性下調至表現不佳，同時將目標股價從3.50美元下調至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的論點：巴布科克在降級報告中表示，由於 “負擔能力挑戰、續航里程/充電焦慮和剩餘價值下降”，該公司的銷量可能會受到電動汽車（電動汽車）需求疲軟的影響。
Check out other analyst stock ratings.
查看其他分析師股票評級。
"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.
該分析師寫道：“供應商在我們最近的2024年美銀汽車峯會上發表的評論表明，汽車製造商正在推遲或放緩某些車型的發佈，特別是針對電動汽車的車型。”
"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.
他補充說：“再加上更高的短期成本，我們現在預計公司可能要到2029/2030年才能實現息稅折舊攤銷前利潤和現金流盈虧平衡，而我們之前對2027/2028年盈虧平衡的預測。”
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，在這種背景下，Luminar Technologies可能需要在2025年之前籌集10億美元的增量資本，這將 “有意義地稀釋現有股東”。
LAZR Price Action: Shares of Luminar Technologies had declined by 8.59% to $1.76 at the time of publication on Wednesday.
LAZR價格走勢：週三發佈時，Luminar Technologies的股價下跌了8.59％，至1.76美元。
Photo courtesy of Luminar
照片由 Luminar 提供
譯文內容由第三人軟體翻譯。