Luminar Technologies, Inc. operates as a vehicle sensor and software company for passenger cars and commercial trucks. The company operates in two segments, Autonomy Solutions and Other Component Sales. The Autonomy Solutions segment designs, manufactures, and sells lidar sensors, and related perception and autonomy software solutions for original equipment manufacturers in the automobile, commercial vehicle, robo-taxi, and other related industries. The Other Component Sales segment engages in the designing, testing, and consulting of non-standard integrated circuits for government agencies and defense contractors. The company was founded in 2012 and is headquartered in Orlando, Florida.
IPO Year: 2019
Exchange: NASDAQ
Website: luminartech.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/15/2025 | Overweight → Neutral | Analyst | |
| 9/10/2024 | $1.00 | Hold | Deutsche Bank |
| 4/10/2024 | $3.50 → $1.20 | Neutral → Underperform | BofA Securities |
| 1/17/2024 | $11.00 → $4.00 | Buy → Hold | Deutsche Bank |
| 9/26/2023 | $5.00 | Neutral | BofA Securities |
| 5/10/2023 | $12.00 → $10.00 | Outperform | TD Cowen |
| 4/25/2023 | $12.00 | Buy | Jefferies |
| 3/22/2023 | $5.00 | Neutral → Sell | Goldman |
| 10/25/2022 | $8.00 | Neutral | Rosenblatt |
| 9/28/2022 | Hold | Berenberg |
Luminar Technologies (NASDAQ:LAZR), a leading global automotive technology company, today announced it has entered into separate, individually negotiated private agreements with certain holders of its outstanding 1.25% Convertible Senior Notes due 2026 to acquire $50 million in aggregate principal amount of notes through repurchases for approximately $30 million in cash and exchanges for 1.1 million in newly issued shares of common stock. The repurchase transactions are being funded by the proceeds from the initial issuance of Series A Convertible Preferred Stock announced by Luminar on May 21, 2025. "Earlier this week, we announced a significant capital commitment from two institutional i
Luminar Technologies (NASDAQ:LAZR), a leading global automotive technology company, today announced it has entered into a definitive agreement with YA II PN, Ltd., an investment fund managed by Yorkville Advisors Global, and another accredited investor to issue up to $200 million of convertible preferred stock to the investors in registered direct offerings over an 18-month period. "Today's transaction provides us with additional financial flexibility and further strengthens our balance sheet," said Tom Fennimore, Chief Financial Officer of Luminar. "We've made substantial progress in extending our liquidity runway with our restructuring efforts, and the additional capital available to us
Paul Ricci Appointed CEO Luminar Technologies, Inc. (NASDAQ:LAZR), a leading global automotive technology company, today announced that the Luminar Board of Directors (the "Board") has appointed Paul Ricci to the role of CEO effective on or about May 21, 2025. Mr. Ricci previously served as Chairman and CEO of Nuance for nearly two decades. Mr. Ricci's appointment follows the resignation of founder Austin Russell as President and CEO of the company and as the Chairperson of the Board, effective immediately, following a Code of Business Conduct and Ethics inquiry by the Audit Committee of the Board of Directors. This matter does not impact any of the Company's financial results. Mr. Russel
Covering Unified Product Platform, Cost Efficiencies, and Strategy to Better Realize Value Luminar (NASDAQ:LAZR), a leading global automotive technology company, today announced it will share an updated strategic plan for the business enabled by a unified product platform across its OEM and technology customers, increasing focus and decreasing cost. In conjunction, the company will share its standard quarterly business update and financials for the first quarter of 2025. On May 14, 2025 at 4:00 p.m. EDT (1:00 p.m. PDT), the company will publish materials detailing its new strategic plan and associated actions, cost savings, quarterly business update, and Q1 financials on its Investor Rela
The new advisory council will help advance Luminar's growth strategy and its mission to save lives. Luminar (NASDAQ:LAZR), a leading global automotive technology company, today announced the formation of the Luminar Automotive Council (LAC), a new team of executive advisors to help inform Luminar's growth strategy and advance its global mission to enhance auto safety. The LAC brings together veteran industry leaders from the automotive, governmental, and other related sectors with decades of experience leading the world's largest OEMs and automotive manufacturers, including Mercedes-Benz, Tesla, Jaguar Land Rover and Ford, as well as the U.S. Department of Transportation. As the first hi
Luminar (NASDAQ:LAZR), a leading global automotive technology company, announced a collaboration with Caterpillar Inc. to integrate LiDAR technology into Caterpillar's next generation autonomous solution. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250327605660/en/The Cat® off-highway truck will feature two Iris LiDARs. LiDAR, which stands for Light Detection and Ranging, is critical for navigation and obstacle detection in autonomous machines. LiDAR uses light in the form of a pulsed laser to continuously scan the surrounding environment and provide high-precision measurement of the shape and size of objects nearby. The Lumi
Q4 Revenue Up 45% QoQ, Exceeding Forecasts; Gross Margin & OpEx Improvements Secured New Contract with Industrial OEM & Luminar Halo Development Contract for Leading Auto OEM Today, Luminar (NASDAQ:LAZR), a leading global automotive technology company, provided its quarterly business update and financial results for the fourth quarter and full year of 2024. These results and related commentary were published in a Presentation available on its Investor Relations website at https://investors.luminartech.com. "This past year represents a culmination of a decade's worth of work with the launch of the Volvo EX90 - the first global production vehicle with leading technologies like Luminar and
The New Volvo ES90 marks the second Volvo car model to feature Luminar's technology, following the successful launch and customer delivery of the Volvo EX90 SUV Luminar (NASDAQ:LAZR), a leading global automotive technology company announced that Luminar's technology will be equipped in the new Volvo ES90, which is slated for production this year. This marks the second Volvo car model to feature Luminar's technology, following the successful launch of the automaker's flagship SUV, the Volvo EX90, which is now being delivered to customers. "We're proud to be selected in conjunction with industry leaders like NVIDIA for a second global automotive launch as Volvo Cars expands its new lineup,"
Luminar (NASDAQ:LAZR), a leading global automotive technology company, today announced it will provide its quarterly business update, including full-year 2024 milestones and financials, following the close of the market on Thursday, March 20, 2025. On March 20, 2025 at 4:00 p.m. EST (1:00 p.m. PST), the company will publish materials detailing its quarterly business update and financials, as well as other relevant commentary. At 5:00 p.m. EST (2:00 p.m. PST) the company will host a webcast consisting of prepared remarks and a live Q&A session. Shareholders are welcome to submit questions by emailing [email protected]. What: Webcast featuring fourth quarter 2024 financials, busine
Helping Drive Next Phase of Growth and Efficiency for the Company Today, Luminar (NASDAQ:LAZR), a leading global automotive technology company, announced certain key executive updates that include Alex Fishkin joining as Chief Legal Officer, Michael Southard as Vice President of Engineering, and Marc Losiewicz appointed as Chief Business Officer and General Manager. "We're setting Luminar up for success in 2025 with leadership enhancements to help us achieve our two main goals for next year: strong growth and increased efficiency," said Austin Russell, Luminar Founder and CEO. "Luminar's leading position to enable global automakers to achieve drastically improved assisted and autonomous
Luminar successfully passes series production 'Run at Rate' test leading up to Volvo EX90 launch Luminar Technologies (NASDAQ:LAZR), a leading global automotive company, today announced a significant achievement towards enabling the world's safest and smartest vehicles. The company successfully passed its first major Run at Rate production test for Volvo Cars at its highly automated, high volume manufacturing facility in Monterrey, Mexico. The successful completion of Run at Rate is a key requirement for automakers in advance of start of production (SOP), and the precursor to the launch of the Volvo EX90 featuring Luminar as standard on every vehicle. The Run at Rate served as a rigorou
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Analyst downgraded Luminar Technologies from Overweight to Neutral
Deutsche Bank resumed coverage of Luminar Technologies with a rating of Hold and set a new price target of $1.00
BofA Securities downgraded Luminar Technologies from Neutral to Underperform and set a new price target of $1.20 from $3.50 previously
Deutsche Bank downgraded Luminar Technologies from Buy to Hold and set a new price target of $4.00 from $11.00 previously
BofA Securities resumed coverage of Luminar Technologies with a rating of Neutral and set a new price target of $5.00
TD Cowen reiterated coverage of Luminar Technologies with a rating of Outperform and set a new price target of $10.00 from $12.00 previously
Jefferies initiated coverage of Luminar Technologies with a rating of Buy and set a new price target of $12.00
Goldman downgraded Luminar Technologies from Neutral to Sell and set a new price target of $5.00
Rosenblatt initiated coverage of Luminar Technologies with a rating of Neutral and set a new price target of $8.00
Berenberg resumed coverage of Luminar Technologies with a rating of Hold
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Paul Ricci Appointed CEO Luminar Technologies, Inc. (NASDAQ:LAZR), a leading global automotive technology company, today announced that the Luminar Board of Directors (the "Board") has appointed Paul Ricci to the role of CEO effective on or about May 21, 2025. Mr. Ricci previously served as Chairman and CEO of Nuance for nearly two decades. Mr. Ricci's appointment follows the resignation of founder Austin Russell as President and CEO of the company and as the Chairperson of the Board, effective immediately, following a Code of Business Conduct and Ethics inquiry by the Audit Committee of the Board of Directors. This matter does not impact any of the Company's financial results. Mr. Russel
Luminar (NASDAQ:LAZR), a leading global automotive technology company, today announced two new key executive hires to help guide the company through its next phase of rapid growth. Dr. David Foster joins Luminar as the Executive Vice President of Engineering. Dr. Foster's extensive experience includes executive and leadership positions at Lyft, Apple, Microsoft, Amazon, and other innovative technology companies. Throughout his career, Dr. Foster has successfully launched groundbreaking products from concept to high volume production – including such iconic devices as the iMac, MacBook, MacPro, Kindle, and Kindle Fire. Dr. Foster holds a BA, MA, and Doctorate in Philosophy in Electrical E
Seasoned financial executive to bring decades of experience in the energy, tech and transportation sectors to leading global energy storage company Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or the "Company"), a leader in sustainable grid-scale energy storage solutions, announced today the appointment of Michael Beer as Chief Financial Officer. Beer will replace Jan Kees van Gaalen, who has served in the role since November 2022 and plans to retire. The appointment is effective April 15, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240404851008/en/Energy Vault Appoints Michael Beer as Chief Financial Offic