ACHR Stock Recent News

Welcome to the Green Stock News brief for Monday June 16th. Here are today's top headlines: Toyota's (NYSE: TM) 2026 Prius Plug-in Hybrid lineup will include a new Nightshade Edition, adding a bold, stylish option to its lineup.

Archer Aviation (ACHR -14.79%), a builder of electric vertical take-off and landing (eVTOL) aircraft, went public by merging with a special purpose acquisition company (SPAC) on Sep. 17, 2021. Its stock opened at $9.40 on its first day but sank to an all-time low of $1.63 on Dec. 27, 2022 as it missed its pre-merger estimates, and rising interest rates squeezed its valuations.

PARIS--(BUSINESS WIRE)---- $ACHR #Archer--Archer Aviation Inc. (NYSE: ACHR) announced today that it has signed an agreement with PT. IKN covering plans to deploy an initial fleet of Midnight aircraft in Indonesia, making it the third country in which Archer is planning to deploy Midnight under its “Launch Edition” program. PT. IKN is an Indonesian company dedicated to advancing national resilience through innovation in strategic industries, including advanced manufacturing, infrastructure and sustainable technol.

Archer Aviation Inc. (NYSE: ACHR) tanked nearly 15% on Friday after raising some $850 million through a registered direct offering. According to the electric vertical takeoff and landing (eVTOL) company, the said offering involved about 85 million of its shares, each of which was sold at a unit price of $10.

The stock had its second-worst day ever on heavy trading volume, as investors took issue with the way Archer raised money to build more eVTOL aircraft.

Archer Aviation (NYSE:ACHR) shares fell more than 13% after the electric air taxi developer announced plans to raise $850 million through the sale of 85 million shares priced at $10 each to institutional investors. This was below the company's closing share price on Thursday of $11.73.

Archer Aviation sold $850 million worth of shares to support new infrastructure and capabilities after Trump recently announced an electric vertical takeoff and landing vehicle pilot program. The air taxi maker said it plans to roll out an artificial intelligence-based aviation software platform and use the money to support programs, including its official partnership with the 2028 Olympics in Los Angeles.

Air taxi maker Archer Aviation on Thursday said it raised $850 million in funding following executive orders signed by U.S. President Donald Trump to boost electric air taxis.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Archer Aviation has raised $850 million in new funding following a series of executive orders by US President Donald Trump aimed at accelerating the development of electric air taxis and other advanced aviation technologies. The funding follows an earlier $300 million round led by institutional investors, including BlackRock.