What's Going On With Lilium, Archer Aviation, Vertical Aerospace Shares Wednesday?
Portfolio Pulse from Erica Kollmann
Shares of eVTOL companies Lilium N.V., Archer Aviation, Inc., and Vertical Aerospace, Ltd. are trading higher, possibly due to Joby Aviation Inc's FAA certificate announcement. Joby Aviation has received a Special Airworthiness Certificate for the first aircraft built at its Pilot Production Line. This news has boosted Joby's shares by over 40% and appears to have positively impacted related companies. Additionally, Stellantis has increased its stake in Archer Aviation to 10.6%, and Lilium has received G-1 certification from the FAA.
June 28, 2023 | 5:59 pm
News sentiment analysis
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POSITIVE IMPACT
Archer Aviation's shares are over 14% higher, possibly due to Joby Aviation's FAA certificate announcement and Stellantis increasing its stake in the company.
The positive news from Joby Aviation and Stellantis increasing its stake in Archer Aviation are likely driving the increase in Archer Aviation's share price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Vertical Aerospace's shares are more than 5% higher, possibly due to Joby Aviation's FAA certificate announcement.
The positive news from Joby Aviation is likely driving the increase in Vertical Aerospace's share price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Joby Aviation's shares jumped over 40% following its FAA certificate announcement.
The FAA certificate announcement is directly responsible for the surge in Joby Aviation's share price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Lilium's shares are trading over 23% higher, possibly due to Joby Aviation's FAA certificate announcement and its own G-1 certification from the FAA.
The positive news from Joby Aviation and Lilium's own FAA certification are likely driving the increase in Lilium's share price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80