Streetbeat News

ACHR

Archer Aviation Inc.

https://www.archer.com

Industry

Aerospace & Defense

Archer Aviation Inc., an urban air mobility company, engages in designs, develops, manufactures, and operates electric vertical takeoff and landing aircrafts to carry passengers. The company was formerly known as Atlas Crest Investment Corp. and changed its name to Archer Aviation Inc. Archer Aviation Inc. was incorporated in 2018 and is headquartered in Palo Alto, California.

Open

3.40

Mkt cap

1.2B

Volume

28M

High

3.65

P/E Ratio

-2.97

52-wk high

7.01

Low

3.35

Div yield

N/A

52-wk low

2.82

JP Morgan analyst Bill Peterson maintains an Overweight rating on Archer Aviation (NYSE:ACHR) and raises the price target from $5 to $6.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:56 pm

As Q2 earnings season approaches, clean tech stocks like Enovix Corp (NASDAQ:ENVX) and ChargePoint Holdings Inc (NYSE:CHPT) are in focus. Despite recent gains, the sector remains volatile. Analyst Bill Peterson highlights cautious investor sentiment and elevated short interest. Enovix has announced new commercial agreements and plans to scale production, leading to a raised price target. ChargePoint is expected to see sequential improvement but faces mixed demand. Archer Aviation Inc (NYSE:ACHR) and Joby Aviation Inc (NYSE:JOBY) have surged but may not align with fundamentals. Plug Power Inc (NASDAQ:PLUG) faces policy uncertainty affecting growth. The sector faces political and economic risks, with upcoming earnings likely to address these issues.

Portfolio Pulse from Surbhi Jain

July 24, 2024 | 12:33 pm

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on Archer Aviation (NYSE:ACHR) and maintained a $10 price target.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 5:25 pm

Archer Aviation has been granted a $117M award by the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) to support the expansion of its electric powertrain and aircraft production facilities. This award is the largest in CAEATFA's history for the advanced air mobility industry and aims to aid Archer's commercialization efforts.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 1:23 pm

Shares of companies within the broader industrial sector are trading higher following positive Core Retail Sales and Retail Sales economic data. Additionally, trader optimism about potential Fed rate cuts is contributing to the sector's strength.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 6:14 pm

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on Archer Aviation (NYSE:ACHR) and maintained a $10 price target.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 2:29 pm

U.S. stocks were mixed on Friday, with the Dow Jones index falling around 90 points. Macy's shares rose sharply by 10.4% following an increased bid from Arkhouse Management and Brigade Capital Management. Other notable gainers included Koss Corporation, NANO Nuclear Energy, Sirius XM Holdings, and several others.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 3:02 pm

Insiders are aggressively buying shares of Allied Gaming & Entertainment, Archer Aviation, and Tempest Therapeutics. Notable transactions include a $55 million investment in Archer Aviation by SFS UK 1 LTD, a $456,750 purchase in Allied Gaming & Entertainment by Knighted Pastures LLC, and a $9,951 purchase in Tempest Therapeutics by Chief Medical Officer Samuel Whiting.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 3:02 pm

Shares of Sharps Technology, Inc. (NASDAQ:STSS) surged 31.7% in pre-market trading after receiving two purchase orders for approximately one million SecureGard syringes for 2024 delivery. Other notable pre-market movers include Qualigen Therapeutics, Inc. (NASDAQ:QLGN) up 53%, Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) up 18.7%, and Adamas One Corp. (NASDAQ:JEWL) down 19.3%.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 3:01 pm

Cathie Wood's Ark Invest sold $3.25M worth of Tesla shares despite a recent rally driven by strong Q2 deliveries. Ark Invest also made trades involving Teladoc Health, Intellia Therapeutics, Verve Therapeutics, Archer Aviation, Ginkgo Bioworks, AeroVironment, and Blade Air Mobility.

Portfolio Pulse from Benzinga Neuro

July 05, 2024 | 2:59 pm

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