Aeva Technologies Q2 revenue rises, beats analyst expectations

The company did not provide specific financial guidance for the current quarter or full year.

The current average analyst rating on the shares is buy, with 3 strong buy or buy ratings, 1 hold and no sell or strong sell ratings. The median 12-month price target is $24.50, about 19.9% above Aeva’s August 4 closing price of $20.43.

Aeva Technologies reported second-quarter revenue of $6.14 million, up year over year and above analyst expectations of $5.92 million. Adjusted loss per share was $0.41, also better than the consensus estimate of $0.43.

The company reported a second-quarter loss per share of $1.23, net loss of $79.62 million and non-GAAP net loss of $26.4 million.