Amid Funding Milestones, Analyst Bets On Vertical Aerospace's Strong Engineering And Design Team [Yahoo! Finance]
Vertical Aerospace Ltd. (EVTL)
Company Research
Source: Yahoo! Finance
Canaccord Genuity analyst Austin Moeller maintained a Buy rating at Vertical Aerospace Ltd. (NYSE: EVTL with a price target of $16 Last week, the company reported a third-quarter net loss of $45.7 million, compared to $41.8 million in the same quarter a year ago. The company has around 25 million Sterling pounds in cash. The new funding round is expected to close in the first quarter of 2025. The analyst writes about the recent $50 million capital commitment, but the investor focuses on the expected completion of the full capital raise in the first quarter, a key step for VX4's development. Last month, the term sheet outlined a $50 million funding commitment from Mudrick Capital, with $25 million in upfront funding and an additional $25 million backstop, which can be reduced by third-party funding This funding is expected to support the company's Flightpath 2030 Strategy, which aims to position Vertical as a global leader in the eVTOL market by the end of the decade. This s
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EVTL
News
- Vertical Aerospace Finalises Investment AgreementBusiness Wire
- Vertical Aerospace Ltd. (NYSE: EVTL) had its "buy" rating re-affirmed by analysts at Canaccord Genuity Group Inc.. They now have a $16.00 price target on the stock.MarketBeat
- Vertical Aerospace Releases Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Vertical Aerospace Releases Third Quarter 2024 Financial ResultsBusiness Wire
- Vertical Calls Extraordinary General MeetingBusiness Wire
EVTL
Sec Filings
- 1/2/25 - Form 6-K/A
- 12/26/24 - Form SCHEDULE
- 12/26/24 - Form SCHEDULE
- EVTL's page on the SEC website