DOUBLING DOWN ALERT: LAZR
- RTGW
- Jun 21, 2023
- 1 min read
This buy alert is sure to be a quick one! We’ve had Luminar (LAZR) as a part of our portfolio for a long time, having purchased it in September of 2021. We believe Luminar is poised to climb higher in the future thanks to the current state of the market and some recent advancements made with lidar technology.
As society moves further into the age of technology, it’s becoming increasingly likely that all/the majority of vehicles will eventually develop some sort of automated driving functionality. These functions are almost always aided by a technology known as lidar, and that’s what Luminar deals in. The company, up to this point, has been perfecting its “time-of-flight” lidar technology, which is a form of lidar that sends out laser beams one after another in quick succession to measure the distance from surroundings. As a newer technology known as “frequency-modulated continuous-wave”—or FMCW—is further developed and perfected, it could be poised to act as a springboard for developing and adapting lidar. Rather than several beams in quick succession, FMCW puts out one singular beam, making it significantly more responsive and reliable but, as of now, more expensive.
We believe this technology will continue to be developed efficiently and that Luminar will remain one of lidar’s giants. We’ve doubled our position on Luminar (LAZR) at $6.45.