Aeva Technologies (NASDAQ:AEVA) Shares Gap Up on Analyst Upgrade

Posted by Stanley Muller on Aug 8th, 2026

Aeva Technologies, Inc. (NASDAQ:AEVA – Get Free Report)’s share price gapped up prior to trading on Thursday after Morgan Stanley raised their price target on the stock from $18.50 to $27.00. The stock had previously closed at $19.61, but opened at $25.80. Morgan Stanley currently has an equal weight rating on the stock. Aeva Technologies shares last traded at $25.54, with a volume of 1,467,464 shares trading hands.

Other equities analysts have also recently issued reports about the stock. Weiss Ratings upgraded shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Wall Street Zen lowered Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Canaccord Genuity Group lifted their price objective on Aeva Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Oppenheimer restated an “outperform” rating and issued a $42.00 target price on shares of Aeva Technologies in a research note on Thursday. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $31.67.

Check Out Our Latest Stock Report on Aeva Technologies

Insider Buying and Selling at Aeva Technologies

In other Aeva Technologies news, CTO Mina Rezk sold 350,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $24.57, for a total value of $8,599,500.00. Following the completion of the sale, the chief technology officer owned 1,706,669 shares of the company’s stock, valued at $41,932,857.33. The trade was a 17.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Saurabh Sinha sold 20,620 shares of the company’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $21.16, for a total value of $436,319.20. Following the sale, the chief financial officer owned 658,202 shares of the company’s stock, valued at approximately $13,927,554.32. This trade represents a 3.04% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 817,245 shares of company stock worth $19,342,658 over the last three months. Corporate insiders own 36.70% of the company’s stock.

More Aeva Technologies News

Here are the key news stories impacting Aeva Technologies this week:

Positive Sentiment: Q2 results exceeded expectations: Aeva reported a quarterly loss of $0.41 per share, narrower than the $0.44–$0.53 analyst estimates, while revenue reached approximately $6.26 million. The company also posted positive gross profit, helped by sharply higher service revenue. Aeva Q2 Earnings Report
Positive Sentiment: Service revenue growth was a key catalyst: Service revenue nearly tripled year over year, contributing to the earnings beat and signaling progress in Aeva’s commercialization efforts. AEVA Q2 Earnings Beat on Service Growth and Gross Profit
Positive Sentiment: Longer-term growth plans gained attention: Management outlined an optical-connectivity ramp beginning in 2027 and is targeting annual volumes in the multiple millions of units, supporting the potential for significant future revenue growth. Aeva Optical Connectivity Ramp
Positive Sentiment: Canaccord remained bullish: Canaccord Genuity raised its price target from $24 to $26 and maintained a “buy” rating, reflecting improved expectations following the quarterly update.
Neutral Sentiment: Morgan Stanley raised its target but stayed cautious: The firm lifted its target from $18.50 to $27 while assigning an “equal weight” rating, suggesting valuation has improved but the stock’s near-term upside may be limited.
Negative Sentiment: Profitability remains a risk: Aeva continues to report substantial losses, and operating expenses increased despite the improved gross-profit performance. Analysts still expect a full-year loss.
Neutral Sentiment: Trading volatility was elevated: AEVA experienced a temporary limit-up/limit-down trading halt, highlighting unusually intense short-term price movement rather than a change in the company’s fundamentals.

Hedge Funds Weigh In On Aeva Technologies

Institutional investors have recently modified their holdings of the company. Quantbot Technologies LP boosted its holdings in shares of Aeva Technologies by 122.8% during the 3rd quarter. Quantbot Technologies LP now owns 2,099 shares of the company’s stock worth $30,000 after buying an additional 1,157 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Aeva Technologies in the 4th quarter worth $33,000. Jones Financial Companies Lllp raised its holdings in Aeva Technologies by 27,345.0% in the 1st quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock worth $38,000 after acquiring an additional 5,469 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Aeva Technologies during the 4th quarter worth $47,000. Finally, Daiwa Securities Group Inc. lifted its position in Aeva Technologies by 79.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,339 shares of the company’s stock worth $58,000 after acquiring an additional 1,922 shares during the last quarter. Institutional investors own 62.92% of the company’s stock.

Aeva Technologies Price Performance

The company has a debt-to-equity ratio of 7.32, a current ratio of 4.09 and a quick ratio of 3.89. The stock’s fifty day simple moving average is $21.57 and its 200-day simple moving average is $17.77. The company has a market capitalization of $1.68 billion, a P/E ratio of -9.75 and a beta of 2.47.

Aeva Technologies (NASDAQ:AEVA – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.41) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.53) by $0.12. Aeva Technologies had a negative return on equity of 1,166.04% and a negative net margin of 150.12%.The company had revenue of $6.26 million for the quarter. On average, equities analysts forecast that Aeva Technologies, Inc. will post -2.26 earnings per share for the current fiscal year.

About Aeva Technologies

(Get Free Report)

Aeva Technologies, Inc is a technology company specializing in the development and commercialization of advanced sensing and perception solutions based on frequency-modulated continuous wave (FMCW) LiDAR. Headquartered in Mountain View, California, Aeva’s core products include solid-state LiDAR sensors and perception software designed to provide high-resolution, long-range 4D data for automotive, industrial and robotic applications. The company’s FMCW approach enables simultaneous measurement of both object velocity and distance, distinguishing Aeva’s systems from traditional time-of-flight LiDAR solutions.

Founded in 2016 by Soroush Salehian and Mina Rezk, Aeva began as Aeon Imaging before adopting its current name in 2019.

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