Hesai Group (HSAI): A Bull Case Theory

We came across a bullish thesis on Hesai Group on Danny’s Substack by Danny Green. In this article, we will summarize the bulls’ thesis on HSAI. Hesai Group's share was trading at $28.12 as of February 19th. HSAI’s trailing and forward P/E were 56.38 and 33.22 respectively according to Yahoo Finance.

Hesai Technology is a leading LiDAR hardware supplier primarily focused on sensors for automotive, robotics, and industrial applications. Its business is capital- and manufacturing-intensive, meaning scaling output—such as a potential 10× increase in...