One of the themes of the last two years has been a growing number of lidar technology companies going public — many chose the SPAC route.
A hedge fund is now taking on one of those companies and shared with Benzinga exactly why.
JPMorgan analyst Samik Chatterjee initiated coverage of Luminar Technologies, Inc (NASDAQ:LAZR) with an Overweight rating and a $30 price target. Chatterjee’s expectations…
Gainers
Crown ElectroKinetics Corp. (NASDAQ: CRKN) shares jumped 51% to $0.4957. Crown ElectroKinetics, last month, posted a Q4 net loss of $4.5 million.
Luminar Technologies Inc (NASDAQ: LAZR) shares are trading higher Tuesday after JPMorgan initiated coverage with an Overweight rating and a $30 price target.