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

Archer's second full-scale eVTOL aircraft, Midnight, successfully completed a transition flight at speeds over 100 MPH. This milestone is significant for the commercial viability of eVTOL aircraft.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:06 pm

The article highlights the performance of 12 industrial stocks during Wednesday's after-market session. Notable gainers include Archer Aviation (ACHR), Velo3D (VLD), Generac Holdings (GNRC), Stanley Black & Decker (SWK), Toro (TTC), and Ocean Power Technologies (OPTT). On the losing side, Multi Ways Holdings (MWG), Innovate (VATE), Getaround (GETR), ACCO Brands (ACCO), Nuburu (BURU), and Surf Air Mobility (SRFM) saw declines.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 8:31 pm

Archer Aviation Inc. (NYSE:ACHR) shares are up 7.54% after its subsidiary, Archer Air, received a Part 135 Air Carrier & Operator Certificate from the FAA. This certification allows Archer to operate aircraft commercially, refining systems before launching its Midnight aircraft. Archer has also received a Part 145 certificate for specialized aircraft repair services.

Portfolio Pulse from Nabaparna Bhattacharya

June 05, 2024 | 4:52 pm

Top investor Steven Fiorillo recommends Palantir Technologies Inc (NASDAQ:PLTR) and Meta Platforms Inc (NASDAQ:META) as must-have AI stock picks for the coming year. Both companies are well-positioned to capitalize on advancements in AI software, driven by a substantial inventory of high-performance chips.

Portfolio Pulse from Surbhi Jain

June 05, 2024 | 1:21 pm

Archer Aviation's ticker symbol is corrected to 'ACHR'.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:06 pm

Archer Aviation has received a Part 135 Air Carrier and Operator Certificate from the FAA, allowing the company to begin operating as a commercial airline.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:05 pm

Archer Aviation Inc. (NYSE:ACHR) shares are trading higher after announcing a partnership with KakaoMobility in Korea. The deal includes the purchase of up to 50 eVTOL aircraft worth approximately $250 million. KakaoMobility will make initial payments in 2024 and 2025, with public demonstration flights planned for late 2024. Archer also received final airworthiness criteria from the FAA for its Midnight aircraft.

Portfolio Pulse from Erica Kollmann

May 30, 2024 | 4:37 pm

Archer Aviation Inc. (NYSE: ACHR) has partnered with KakaoMobility to supply up to 50 Midnight eVTOL aircraft worth up to $250M. This agreement includes pre-delivery payments and aims to support Archer's commercialization efforts in Korea. KakaoMobility will make an initial payment of $7M in 2024, followed by a second installment in Q1 2025.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 10:07 am

Archer Aviation has achieved a significant regulatory milestone as the FAA has issued the final airworthiness criteria for its Midnight aircraft. This development is crucial for Archer as it moves closer to commercializing its electric vertical takeoff and landing (eVTOL) aircraft.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 5:39 pm

Benchmark analyst Josh Sullivan has reiterated a Buy rating on Archer Aviation (NYSE:ACHR) and maintained a $12 price target.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 3:25 pm

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