Aeva Technologies, Inc. is trading 5.5% up today at $23.39 after announcing that the city of Fargo, North Dakota, selected its 4D LiDAR sensors for an intelligent transportation and smart-city deployment.
- The selection highlights growing commercial traction for the company's technology in the smart-city and infrastructure sectors.
- The stock is rebounding from recent weakness following a follow-on offering priced at $22.25 per share.
- Today's gains suggest bargain-hunting and improved investor sentiment as the stock trades well above its recent offering price.