Streetbeat News

EVTL

Vertical Aerospace Ltd.

https://www.vertical-aerospace.com

Industry

Aerospace & Defense

Vertical Aerospace Ltd. engages in designing, manufacturing, and selling electric aircraft. It offers VX4, an electric vertical take-off and landing vehicle. The company was founded in 2016 and is headquartered in Bristol, the United Kingdom.

Open

5.30

Mkt cap

88M

Volume

67K

High

5.30

P/E Ratio

-1.09

52-wk high

12.79

Low

4.45

Div yield

N/A

52-wk low

3.55

Deutsche Bank has upgraded Vertical Aerospace (NYSE:EVTL) from Hold to Buy and raised the price target from $1 to $1.5.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 10:04 am

Vertical Aerospace has unveiled its enhanced VX4 prototype, which is a significant step towards aircraft certification. The prototype incorporates technology from strategic partners and features Vertical's proprietary battery technology. Flight testing will commence once the UK Civil Aviation Authority issues a Permit to Fly.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 5:51 am

Canaccord Genuity analyst Austin Moeller maintains a Buy rating on Vertical Aerospace (NYSE:EVTL) with a $1.5 price target.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 2:07 pm

Vertical Aerospace has mutually agreed to exit its contract with Rolls-Royce for designing an electric propulsion unit (EPU). Vertical will receive a cash amount from Rolls-Royce by June 30 to cover the costs of an alternative EPU design. The exit will not impact the completion of Vertical's new prototype or its identical twin. Vertical is actively engaging with potential EPU partners and aims for type certification by the end of 2026. Rolls-Royce will return its EVTL shares to Vertical.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 10:17 am

Vertical Aerospace announced it received a $47 million grant from the Aerospace Technology Institute in February to develop next-generation propellers for its VX4 aircraft.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 10:14 am

Vertical Aerospace Ltd. has appointed Stuart Simpson, previously the CFO and a seasoned FTSE100 executive, as its new CEO with immediate effect. Simpson's appointment comes as the company prepares for a critical phase, focusing on certifying its VX4 aircraft and moving towards commercialization. His extensive experience across technology, automotive, and logistics sectors is expected to play a key role in leading the company's strategy, market launch of the VX4 aircraft, and future fundraising activities.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:06 am

Shares of companies in the materials sector are down due to overall market weakness, affecting a broad range of companies.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 7:52 pm

In Monday's intraday session, several industrials stocks experienced significant movements. JVSPAC Acquisition Corp. - Right, Techprecision, AERWINS Technologies, Ducommun, Solidion Technology, and JE Cleantech Hldgs were among the gainers, with increases ranging from 13.04% to 34.6%. On the downside, Vast Renewables, Vertical Aerospace, Energy Vault Holdings, Shengfeng Development, Erayak Power Solution Gr, and FGI Industries saw declines between 8.92% and 17.2%.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 4:31 pm

In Wednesday's after-market session, several industrials stocks saw significant movements. Safe & Green Holdings, Nuvve Holding, Bitcoin Depot, Tritium DCFC, iSun, and Advent Technologies Holdings were among the gainers, with increases ranging from 2.21% to 10.3%. On the losing side, MillerKnoll, Urban-gro, Aqua Metals, Simpple, Velo3D, and Vertical Aerospace experienced declines between 4.28% and 14.9%. Notably, earnings reports influenced some of these movements.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 8:31 pm

In Monday's pre-market session, several industrials stocks showed notable movements. Vertical Aerospace, Swvl Hldgs, Tritium DCFC, FTC Solar, Gaucho Group Holdings, and Ideanomics were among the gainers, with increases ranging from 5.52% to 9.0%. On the downside, Astra Space, Bitcoin Depot, Fusion Fuel Green, Team, Earlyworks Co, and Laser Photonics experienced declines between 5.95% and 19.0%. Bitcoin Depot's drop was attributed to its Q4 earnings report.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 1:05 pm

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