Aeva Technologies Soars 3.06% on 116% Revenue Surge

Aeva Technologies (AEVA) surged to a record high today, with an intraday gain of 3.06%.

Morgan Stanley recently increased their price objective for Aeva Technologies from $4.87 to $5.22, maintaining an "equal weight" rating. This adjustment reflects the firm's updated expectations for the company's future performance, which could influence investor sentiment and stock price movements.

Aeva Technologies reported impressive revenue growth for the last quarter of 2024, with a 69% year-over-year increase. For the full year 2024, the company saw a 116% revenue surge, driven by advancements in 4D LiDAR technology. These financial results demonstrate the company's strong performance and growth potential, which are likely to attract investor interest and positively impact the stock price.

In March 2025, Aeva Technologies announced a new partnership with a global top 10 company to develop its next-generation vehicle platform. This strategic collaboration is expected to further expand the company's market reach and enhance its technological capabilities, contributing to a positive outlook for the stock.

Sylebra Capital continues to hold a significant stake in Aeva Technologies, owning 29.6% of the company's outstanding stock. The shares of Aeva have gained approximately 40.1% in value, indicating strong investor confidence and interest in the company. This sustained support from a major shareholder is likely to drive up the stock price and reinforce positive market sentiment.