10 Best Day Trading Penny Stocks to Buy

7. AEye, Inc. (NASDAQ:LIDR)

On April 28, 2026, AEye, Inc. (NASDAQ:LIDR) announced a strategic commercial relationship with defense systems company SynTech to support the distribution and integration of its Apollo long-range lidar sensor across defense applications. CEO Matt Fisch said SynTech’s position in the defense ecosystem and focus on unmanned systems make it “an ideal partner,” adding that Apollo’s “long-range detection capability” and “software configurability” allow it to be deployed across varied environments to support mission effectiveness.

On April 24, 2026, Craig-Hallum initiated coverage of AEye, Inc. (NASDAQ:LIDR) with a Buy rating and a $3.50 price target. The firm described the company as a turnaround story already two years into an upswing, citing a product portfolio with an advantage in long-range lidar. Craig-Hallum said design wins across automotive and non-automotive segments could drive a financial inflection in the second half of 2026, while also pointing to multiple upcoming catalysts and a balance sheet that provides six to eight quarters of runway. The firm added that the stock is trading below cash value, which it said suggests limited downside, alongside a multi-year outlook that could support “4-5 times returns.”

AEye, Inc. (NASDAQ:LIDR) provides physical AI sensing solutions for vehicle autonomy, advanced driver-assistance systems, robotic vision, and other non-automotive applications.