---
title: "Why Luminar Technologies Stock Raced Higher on Thursday"
description: "Luminar Technologies' stock surged nearly 9% on Thursday following a deal with Caterpillar to develop lidar solutions for autonomous industrial vehicles. The technology will enhance Caterpillar's remo"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/233524566.md"
published_at: "2025-03-27T22:20:49.000Z"
---

# Why Luminar Technologies Stock Raced Higher on Thursday

> Luminar Technologies' stock surged nearly 9% on Thursday following a deal with Caterpillar to develop lidar solutions for autonomous industrial vehicles. The technology will enhance Caterpillar's remote Cat Command functionalities, initially aiding in quarry operations. Luminar's CEO highlighted the company's successful transition from automotive to adjacent markets. While financial details of the partnership were not disclosed, the collaboration with a leading manufacturer signals potential long-term benefits for both companies.

**Luminar Technologies** (LAZR 8.66%), which designs next-generation light detection and ranging (lidar) products that help assisted-driving vehicle systems "see," saw its stock accelerate impressively on Thursday.

Its price rose by nearly 9% on news of a deal with a storied American industrial company. That performance was far better than that of the **S&P 500** index, which ended the day 0.3% in the red.

## Caterpillar autonomy

That company, Luminar, is industrial equipment and vehicle maker **Caterpillar**. Luminar will work on developing lidar solutions for an autonomous industrial vehicle its partner is developing.

This technology will be integrated into Caterpillar's remote Cat Command functionalities. It will be used initially to assist in hauling operations, specifically for quarry and aggregate work. In terms of hardware, two of Luminar's Iris lidar sensors will be installed in Cat off-highway trucks to enhance the "senses" of the vehicles.

In its press release touting the deal, Luminar quoted its founder and CEO Austin Russell as saying that since it "has successfully executed for automotive series production, we're able to branch out to adjacent markets with a shared mission."

"Together, we look forward to saving lives and enhancing profitability for \[Caterpillar\] customers around the world with industry-leading capabilities," Russell added.

## No details? No problem

One key element missing from Luminar's press release was the financial details of the Caterpillar arrangement. In a way, though, this doesn't make all that much difference. The key takeaway is that the company has scored a gig with a top manufacturer in its field. And if the arrangement works out for both parties, Caterpillar could be a customer for quite a long time to come.

### Related Stocks

- [LAZR.US - Luminar Tech](https://longbridge.com/en/quote/LAZR.US.md)
- [LAZRQ.US - LUMINAR TECHNOLOGIES INC](https://longbridge.com/en/quote/LAZRQ.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Microvision übernimmt Lidar-Sensor-Geschäft von Luminar für 33 Millionen Dollar | MicroVision Inc. has announced the acquisition of certain assets related to the Lidar sensor business of Luminar Technol | [Link](https://longbridge.com/en/news/274799462.md) |
| Luminar Media Group Reports Record Q4 and Full-Year 2025 Funding Growth | Luminar Media Group Inc. reported record growth in Q4 and full-year 2025, with gross funding volume reaching $3.9 millio | [Link](https://longbridge.com/en/news/273095467.md) |
| Are Wall Street Analysts Predicting Caterpillar Stock Will Climb or Sink? | Are Wall Street Analysts Predicting Caterpillar Stock Will Climb or Sink? | [Link](https://longbridge.com/en/news/275499765.md) |
| Top Caterpillar Executives Quietly Unload Major Stake in Surprise Move | Caterpillar executives, including Group Presidents Bob De Lange and Anthony D. Fassino, recently sold significant shares | [Link](https://longbridge.com/en/news/275403228.md) |
| Unpacking the Latest Options Trading Trends in Caterpillar | Caterpillar (NYSE:CAT) has seen a notable bearish trend in options trading, with 37% of traders showing bearish tendenci | [Link](https://longbridge.com/en/news/275632937.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.