| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/26/2023 | $12.90 | Buy | Citigroup |
| 9/22/2023 | $14.80 | Buy | BofA Securities |
| 8/18/2023 | $25.00 → $12.40 | Buy → Neutral | Goldman |
| 3/13/2023 | $31.00 | Buy | Goldman |
| 3/7/2023 | $28.00 | Outperform | Credit Suisse |
SC 13G/A - Hesai Group (0001861737) (Subject)
Citigroup initiated coverage of Hesai Group with a rating of Buy and set a new price target of $12.90
BofA Securities initiated coverage of Hesai Group with a rating of Buy and set a new price target of $14.80
Goldman downgraded Hesai Group from Buy to Neutral and set a new price target of $12.40 from $25.00 previously
Goldman initiated coverage of Hesai Group with a rating of Buy and set a new price target of $31.00
Credit Suisse initiated coverage of Hesai Group with a rating of Outperform and set a new price target of $28.00
SHANGHAI, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai," "Hesai Technology" or the "Company") (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced that it will report its third quarter 2024 unaudited financial results on Monday, November 25, 2024, after the close of U.S. markets. The Company's management will host an earnings conference call at 8:00 PM U.S. Eastern Time on November 25, 2024 (9:00 AM Beijing/Hong Kong Time on November 26, 2024). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the schedul
Quarterly net revenues were RMB458.9 million (US$63.1 million)1Quarterly lidar shipments were 86,526 units SHANGHAI, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai" or the "Company"), (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced its unaudited financial results for the three months ended June 30, 2024. Operational Highlights Three monthsended June 30, 2024 Six monthsended June 30, 2024ADAS lidar shipments 80,773 133,235Autonomous Mobility lidar shipments 5,753 12,392Total lidar shipments86,526 145,627 Q2 2024 ADAS lidar shipments were 80,773 units, representing an increase of 76.8% from 45,694 units in th
SHANGHAI, China, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai," "Hesai Technology" or the "Company") (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced that it will report its second quarter 2024 unaudited financial results on Monday, August 19, 2024, after the close of U.S. markets. The Company's management will host an earnings conference call at 9:00 PM U.S. Eastern Time on August 19, 2024 (9:00 AM Beijing/Hong Kong Time on August 20, 2024). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the scheduled cal
Quarterly net revenues were RMB359.1 million (US$49.7 million)1Quarterly lidar shipments were 59,101 units SHANGHAI, China, May 20, 2024 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai" or the "Company"), (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced its unaudited financial results for the three months ended March 31, 2024. Operational Highlights Three monthsended March 31, 2024ADAS lidar shipments52,462Autonomous Mobility lidar shipments6,639Total lidar shipments59,101 Q1 2024 ADAS lidar shipments were 52,462 units, representing an increase of 86.1% from 28,195 units in the corresponding period of 2023.Q1 2024 Total lida
SHANGHAI, China, April 29, 2024 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai," "Hesai Technology" or the "Company") (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced that it will report its first quarter 2024 unaudited financial results on Monday, May 20, 2024, after the close of U.S. markets. The Company's management will host an earnings conference call at 9:00 PM U.S. Eastern Time on May 20, 2024 (9:00 AM Beijing/Hong Kong Time on May 21, 2024). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the scheduled call start t
Quarterly net revenues were RMB561.2 million (US$79.0 million),1 an increase of 37.1% year-over-yearQuarterly lidar shipments were 87,7362 units, an increase of 84.6% year-over-yearFull Year 2023 net revenues were RMB1,877.0 million (US$264.4 million), an increase of 56.1% year-over-yearFull Year 2023 lidar shipments were 222,116 units, an increase of 176.1% year-over-year SHANGHAI, China, March 11, 2024 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai" or the "Company"), (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced its unaudited financial results for the three months and full year ended December 31, 2023. Operational Highlig
SHANGHAI, China, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai," "Hesai Technology" or the "Company") (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced that it will report its fourth quarter and full year 2023 unaudited financial results on Monday, March 11, 2024, after the close of U.S. markets. The Company's management will host an earnings conference call at 9:00 PM U.S. Eastern Time on March 11, 2024 (9:00 AM Beijing/Hong Kong Time on March 12, 2024). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to th
Expects 4Q2023 and FY2023 net revenues to exceed the top of the guidance range of US$76 million and US$250 million, respectivelyExpects FY2023 total lidar shipments to exceed the guidance of 220,000 units and ADAS lidar shipments for FY2023 to exceed the target of 200,000 units SHANGHAI, China, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai," "Hesai Technology" or the "Company") (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced certain preliminary, unaudited financial and operating results for the fourth quarter and full year 2023. These results are unaudited, subject to the completion of the Company's year-end fina
Quarterly net revenues were RMB445.6 million (US$61.1 million),1 an increase of 33.5% year-over-yearQuarterly lidar shipments were 47,4402 units, an increase of 125.5% year-over-year SHANGHAI, China, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai" or the "Company"), (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced its unaudited financial results for the three months ended September 30, 2023. Operational Highlights Three months endedSeptember 30, 2023 Nine months endedSeptember 30, 2023ADAS lidar shipments40,593 114,482Autonomous Mobility lidar shipments6,847 19,898Total lidar shipments47,440 134,380 Q3 2023 AD
SHANGHAI, China, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai," "Hesai Technology" or the "Company") (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced that it will report its third quarter 2023 unaudited financial results on Monday, November 13, 2023, after the close of U.S. markets. The Company's management will host an earnings conference call at 8:00 PM U.S. Eastern Time on November 13, 2023 (9:00 AM Beijing/Hong Kong Time on November 14, 2023). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the schedule
SHANGHAI, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai," "Hesai Technology" or the "Company") (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced that it will report its third quarter 2024 unaudited financial results on Monday, November 25, 2024, after the close of U.S. markets. The Company's management will host an earnings conference call at 8:00 PM U.S. Eastern Time on November 25, 2024 (9:00 AM Beijing/Hong Kong Time on November 26, 2024). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the schedul
PALO ALTO, Calif. , Oct. 22, 2024 /PRNewswire/ -- Hesai Technology (NASDAQ:HSAI), the global leader in lidar solutions, announced this week that it will be the exclusive provider of automotive long-range lidar for Leapmotor's next-generation vehicle platform. The platform's first model is expected to enter mass production in 2025. According to the agreement, Hesai Technology will provide lidar products for multiple models of Leapmotor's next-generation new vehicle platform. This exclusive partnership deepens their long-term collaboration in intelligent driving, highlighting Hesai's leading lidar technology and Leapmotor's continued trust in Hesai and its capabilities. In line with the initi
SHANGHAI, Oct. 1, 2024 /PRNewswire/ -- Hesai Technology (NASDAQ:HSAI), the global leader in lidar technology, announced today the signing of a cooperation framework with SAIC Volkswagen. The cooperation will establish a strong foundation for Hesai and SAIC Volkswagen to build a new ecosystem for the automotive industry, with Hesai's advanced lidar products and technology at the core. SAIC Volkswagen Automobile Co., Ltd. is a Sino-German joint venture operated by SAIC Group and Volkswagen Group. Formed in October 1984, SAIC Volkswagen was one of the first automotive joint ventures in China and has maintained strong market competitiveness over the past 40 years. SAIC Volkswagen sold 1.2 milli
HANNOVER, Germany, Sept. 16, 2024 /PRNewswire/ -- Hesai Technology (NASDAQ:HSAI), the global leader in lidar technology, is launching its powerful new lidar solution OT128 at Europe's biggest commercial vehicle trade fair IAA Transportation in Hannover (booth location: Hall 12, #C71). Hesai's OT128 is the most mature 360° long-range lidar in the market and is driving the rapid development of autonomous vehicles' all-around sensing capabilities. Production Time Per Unit Reduced by 95% Promising exceptional sensing performance and certified automotive-grade reliability, the new sensor OT128 from Hesai is set to have a transformative impact on the European commercial vehicle sector. Hesai's OT
PALO ALTO, Calif., Sept. 9, 2024 /PRNewswire/ -- Hesai Technology, a global leader in the lidar industry, has successfully passed a rigorous audit by TÜV SÜD and obtained the ISO 21448 Safety of the Intended Functionality (SOTIF) certification based on ISO 26262 functional safety and a QMS framework. This makes Hesai the first in the global lidar industry to receive this certification. It highlights Hesai's advanced process system for safety and its integration of best practices into research and development. Since 2021, Hesai has focused on creating a "3-in-1" safety system that combines functional safety, SOTIF, and cybersecurity within its lidar product design. As the first company in th
Quarterly net revenues were RMB458.9 million (US$63.1 million)1Quarterly lidar shipments were 86,526 units SHANGHAI, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai" or the "Company"), (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced its unaudited financial results for the three months ended June 30, 2024. Operational Highlights Three monthsended June 30, 2024 Six monthsended June 30, 2024ADAS lidar shipments 80,773 133,235Autonomous Mobility lidar shipments 5,753 12,392Total lidar shipments86,526 145,627 Q2 2024 ADAS lidar shipments were 80,773 units, representing an increase of 76.8% from 45,694 units in th
SHANGHAI, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai," "Hesai Technology" or the "Company") (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today released its inaugural Environmental, Social and Governance (ESG) Report (the "Report"). The Report details the Company's strategy and outstanding achievements in ESG performance in 2023, as well as its progress toward its longstanding ESG goals for sustainable development. "Since our inception in 2014, we have remained committed to our mission of ‘Empower Robotics, Elevate Lives' by leveraging cutting-edge lidar solutions to drive the future of robotics for a safer, more effici
SHANGHAI, China, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai," "Hesai Technology" or the "Company") (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced that it will report its second quarter 2024 unaudited financial results on Monday, August 19, 2024, after the close of U.S. markets. The Company's management will host an earnings conference call at 9:00 PM U.S. Eastern Time on August 19, 2024 (9:00 AM Beijing/Hong Kong Time on August 20, 2024). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the scheduled cal
PALO ALTO, Calif., July 30, 2024 /PRNewswire/ -- Hesai Technology (NASDAQ:HSAI), the global leader in lidar solutions, announced today three automotive lidar design wins with top global automakers' joint ventures (JV) in China: General Motors (GM), Ford and a prominent European automotive brand. These global OEM JVs plan to integrate Hesai's automotive-grade, long-range lidar in their next-generation series production vehicles to advance the development and adoption of intelligent driving. Mass production of these models is expected to begin as early as 2025. "We are thrilled to partner with these prestigious global OEMs as they integrate advanced safety technology into their vehicles," sai
PALO ALTO, Calif., July 29, 2024 /PRNewswire/ -- Hesai Technology (NASDAQ:HSAI), the global leader in lidar solutions, announced that it has entered into a strategic partnership with Westwell, a global provider in autonomous driving solutions, to provide lidar in applications including autonomous driving, industrial robots, heavy machinery, and smart cities. Westwell's autonomous driving solutions will be equipped with Hesai's advanced lidar products and serve over 200 corporate clients across 20 countries. Westwell's collaboration with Hesai will also bring higher productivity to the supply chain, significantly enhancing efficiency and quality while reducing carbon emissions on a global sca
6-K - Hesai Group (0001861737) (Filer)
6-K - Hesai Group (0001861737) (Filer)
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6-K - Hesai Group (0001861737) (Filer)
Hesai Technology (NASDAQ:HSAI), the global leader in lidar safety technology for automotive and robotics applications, announced that they have been selected by Baidu, Inc. (NASDAQ:BIDU) to be the exclusive long-range lidar supplier for its next-generation robotaxi platform Yichi 06. Baidu is an internet tech giant who is also one of the world's largest robotaxi service providers.According to industry analysts, this lidar deal is worth an estimated $200-300 million based on Baidu's plans to deploy 100,000 robotaxi vehicles in China. It's expected to be the first widespread application of robotaxi in the Chinese market.According to forecasts by Pacific Securities, the Chinese robotaxi market
Shares of James Hardie Industries plc (NYSE:JHX) fell sharply during Tuesday's session after the company reported worse-than-expected quarterly financial results. James Hardie Industries posted adjusted earnings of 40 cents per share, missing market expectations of 42 cents per share. The company's quarterly sales came in at $1.005 billion versus estimates of $1.009 billion, according to data from Benzinga Pro. JP Morgan analyst Al Harvey downgraded James Hardie Industries from Overweight to Neutral. James Hardie Industries shares dipped 14.3% to $31.36 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers MGO Global, Inc. (NASDAQ:MGOL) shares j
Shares of Larimar Therapeutics, Inc.. (NASDAQ:LRMR) rose sharply in today's pre-market trading after the company announced that the FDA removed the partial clinical hold previously placed on the nomlabofusp clinical program. Larimar Therapeutics shares jumped 17.6% to $8.55 in the pre-market trading session. Here are some other stocks moving in pre-market trading. Gainers Edible Garden AG Incorporated (NASDAQ:EDBL) gained 94.5% to $7.39 in pre-market trading after jumping around 9% on Monday. The company, last week, reported first-quarter financial results. MGO Global, Inc. (NASDAQ:MGOL) shares gained 83.6% to $0.42 in pre-market trading after falling over 5% on Monday. Ag
Gainers MGO Global (NASDAQ:MGOL) shares moved upwards by 167.5% to $0.61 during Tuesday's pre-market session. The company's market cap stands at $10.0 million. Cheetah Net Supply Chain (NASDAQ:CTNT) shares moved upwards by 10.56% to $16.32. The market value of their outstanding shares is at $313.1 million. Serve Robotics (NASDAQ:SERV) stock rose 9.99% to $3.52. The company's market cap stands at $130.5 million. The company's, Q1 earnings came out 4 days ago. Raytech Holding (NASDAQ:RAY) shares rose 7.94% to $3.94. The company's market cap stands at $68.9 million. Container Store Group (NYSE:TCS) shares rose 7.36% to $0.73. The market value of their outstanding shares is at $36.2 million
U.S. stock futures were mixed this morning, with the Nasdaq futures falling around 0.2% on Tuesday. Shares of Palo Alto Networks, Inc. (NASDAQ:PANW) fell sharply in today's pre-market trading. Palo Alto Networks reported quarterly earnings of $1.32 per share which beat the analyst consensus estimate of $1.25. Quarterly sales clocked in at $1.985 billion which beat the analyst consensus estimate of $1.967 billion, according to data from Benzinga Pro. The company said it sees fourth-quarter adjusted earnings of $1.40 to $1.42 per share on total revenue of $2.15 billion to $2.17 billion. Palo Alto Networks shares tumbled 7.9% to $298.25 in pre-market trading. Here are some big st
Hesai Group (NASDAQ:HSAI) reported quarterly Adj losses of $(0.08) per share which met the analyst consensus estimate. The company reported quarterly sales of $49.74 million which beat the analyst consensus estimate of $47.44 million by 4.84 percent. This is a 20.55 percent decrease over sales of $62.60 million the same period last year.
Norman Fan will assume the interim position of overseeing the financial and reporting functions of the Company.
Gainers SharpLink Gaming (NASDAQ:SBET) shares moved upwards by 19.2% to $1.24 during Monday's pre-market session. The market value of their outstanding shares is at $4.0 million. U Power (NASDAQ:UCAR) stock rose 6.25% to $5.44. The market value of their outstanding shares is at $13.3 million. Domino's Pizza (NYSE:DPZ) stock moved upwards by 6.19% to $530.01. The company's market cap stands at $18.4 billion. As per the news, the Q1 earnings report came out today. Hesai Gr (NASDAQ:HSAI) shares increased by 5.11% to $4.62. The market value of their outstanding shares is at $588.9 million. Li Auto (NASDAQ:LI) stock increased by 5.03% to $26.3. The market value of their outstanding shares is
Ultra-Compact High-Performance Long-Range LidarDesigned for ADAS Series Production VehiclesIntelligent Rain and Fog Identification