5 Most Promising Robotics Stocks According to Analysts

4. Luminar Technologies, Inc. (NASDAQ:LAZR)

Number of Hedge Fund Holders: 14

Upside Potential as of July 13: 53.31%

Orlando, Florida-based Luminar Technologies, Inc. (NASDAQ:LAZR) is an automotive technology company that develops vision-based lidar and machine perception technologies to enable safety and autonomous capabilities for production vehicles.

Luminar Technologies, Inc. (NASDAQ:LAZR) has built an advanced hardware and software program for autonomous driving and partners with more than 50 players in the industry, including a majority of global automotive companies.

On April 13, Luminar Technologies, Inc. (NASDAQ:LAZR) brought its high-volume automated manufacturing facility in Monterrey, Mexico online to commercialize production of its hardware. The facility has an initial capacity of up to 250,000 sensors per year which is expendable to 500,000 per year. During the same month, the company announced a partnership with TPK Holding Co. Ltd. to build an additional factory in Asia.