Why Aeva Technologies Stock Is Plunging This Week

After driving more than 5% lower in the last week in October, Aeva Technologies (NASDAQ: AEVA) continues heading in the same direction to start November. In addition to the automated driving company's reporting of third-quarter 2025 financial results on Tuesday, a firm's downwardly revised price target on Aeva stock is leading investors to steer shares out of their portfolios.

According to data provided by S&P Global Market Intelligence, shares of Aeva are down 25.3% from the end of trading last Friday through 1:13 p.m. ET on Thursday.

Image source: Getty Images.

Aeva's quarter went well -- but not well enough to make investors happy

Beating analysts' expectations that it would report sales of $2.8 million, Aeva posted revenue of $3.6 million for Q3 2025. Investors, however, weighed the company's bottom-line performance much more heavily. Aeva fell $0.01 short of analysts' expectations and reported an adjusted loss per share of $0.46.

Moreover, investors found another reason to sell off shares today when they learned of a firm's more bearish outlook for Aeva stock. Maintaining a buy rating on Aeva stock, Roth Capital slashed its price target to $20 from $25 following the company's announcement of its financial results.

Is now a good time to load up on Aeva stock after the recent drop?

Since Aeva is unprofitable, traditional valuation metrics don't provide much insight into the stock's price tag. Nonetheless, those bullish on the growth of the automation industry would be well advised to give a close look at Aeva stock as it makes progress in its deal with Daimler Truck among the other opportunities it's pursuing. Those who have a lower risk tolerance, on the other hand, may feel more comfortable with a self-driving car exchange-traded fund (ETF) to gain industry exposure.

Scott Levine has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.