ACHR Stock Recent News

eVTOL stock has remained relatively subdued in the last 12 months. I see this as a lull before the storm with some of the best eVTOL companies nearing commercialization.

It is not too often that investors witness the birth of a new industry. Aviation, however, is on the cusp of transformation.

Companies operating in the electric vertical takeoff and landing (eVTOL) market are often known as flying car stocks. Whether these companies are looked at as futuristic Jetsons-like options, or the air taxis of the future of transportation, it really doesn't matter.

Archer Aviation received more investment from Stellantis and forged a partnership with Southwest Airlines. The company received state support for its manufacturing expansion in California.

JPMorgan's lead analyst on Archer Aviation recently reiterated a bullish rating on the stock. The analyst thinks the stock could climb 50% higher over the next year.

Many growth stocks got hit hard this week due to a shaky earnings season and new economic indicators. New labor data has raised concerns about the risk of recession.

Archer Aviation (NYSE: ACHR), a leader in eVTOL aircraft development, has announced progress on its high-volume manufacturing facility in Covington, GA, reaffirming an expected 2024 completion date. The 400,000-square-foot facility will enable the production of up to 650 Midnight aircraft annually, making it one of the aviation industry's largest by volume.

In the closing of the recent trading day, Archer Aviation Inc. (ACHR) stood at $4.17, denoting a -1.42% change from the preceding trading day.

Is it better to invest in something that's already on the front page of the news, or something with front-page potential? If you want to own a piece of a hidden gem, I invite you to consider Archer Aviation (NYSE: ACHR ).

Archer Aviation plans on launching its air taxi service in 2025. Shares of Archer fell 43% through the first half of 2024.