Archer Aviation says it is ahead of schedule for test flights [Seeking Alpha]
Archer Aviation Inc. Class A (ACHR)
Company Research
Source: Seeking Alpha
The flights were conducted over the last eight months as the company ramps up flight test operations in advance of for-credit flight testing with the FAA. The eVTOL company said it surpassed its goal for the calendar year approximately four months ahead of schedule. On Wall Street, Archer Aviation ( ACHR ) attracted a new bull rating from H.C. Wainwright. The firm started off coverage on Archer ( ACHR ) with a Buy rating and price target of $12.50. The view is that the eVTOL stock remains underappreciated relative to revenue and margin opportunity ahead. Analyst Amit Dayal noted that the company's aircraft production strategy is based on developing certain technologies in-house, while leveraging the established aerospace value chain for non-differentiated components that could account for around 80% of the parts. "We believe this strategy provides advantages in quicker certifications and materially lower capex (70-80% lower capex needs for Covington manufacturing facility versus c
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ACHR
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ACHR
Sec Filings
- 9/9/24 - Form 8-K
- 8/29/24 - Form EFFECT
- 8/28/24 - Form 424B3
- ACHR's page on the SEC website