** Lidar sensing systems maker Aeva Technologies' AEVA.O shares down 11.7% at $22.35 in early Thurs trading after $100 mln follow-on priced

** AEVA shares on track to fall for fourth straight session

** Mountain View, California-based firm late Weds sold ~4.5 mln shares at $22.25

** Offering price is 12.1% discount to stock's last close

** Co said expects to use net offering proceeds for general purposes, including to meet commercial interest in AI infrastructure and co-packaged optics, demand for existing applications

** Morgan Stanley, Goldman Sachs and Oppenheimer joint bookrunners

** AEVA has ~63 mln shares outstanding

** Even with the decline, shares up ~47% over the past month and nearly 70% YTD

** 4 of 5 analysts rate the stock "strong buy" or "buy", 1 "hold"; median PT $24, according to LSEG data