Financial analysis firm Jefferies is the first to recommend a “buy” rating on an advanced air mobility stock, citing a $7.30 price target for Eve Holding versus its current price, $6.75.
The overall AAM Stock Composite stopped the declines of the past three weeks, finishing with a right at 1% increase for the five-day period ending July 11 compared to the week prior.
It was another tough week for the Advanced Air Mobility Stock Composite, with the index falling to $40 for the week ending July 1, down from $43.08 a week ago.
China’s Duofo Group has acquired Italian ultralight helicopter manufacturer Fama Helicopters with the goal of expanding into uncrewed aircraft and electric vertical takeoff and landing vehicles.
Advanced air mobility publicly held companies are staying the course for a startup industry—a roller coaster that saw the average price increase by 15.8% a week ago and then fall by 19.8% this week.
The past week found U.S. stock markets on the rebound, with the Standard & Poors 500 Index and the Aviation Week AAM Stock Composite both posting gains.
A new program for a clean-sheet airliner from Boeing is still “at least a couple of years” away from being formally launched as the airframer hones the digital tools it will rely on to differentiate the aircraft, Boeing CEO and President Dave Calhoun told an investor conference June 3.
Eve Holdings, the Embraer startup, and Joby posted positive price per share for the last two weeks, as the remainder of the Advanced Air Mobility Composite Index declined.
Advanced battery developer Amprius Technologies is to go public through a merger with a blank-check company with the intent of using the funding raised to scale up production of high-energy-density silicon-anode lithium-ion batteries and aviation as an initial target market.
With the first signs of certification dates being pushed back, does an advanced air mobility industry that attracted billions of dollars in investment over recent months have enough money in hand to meet its aggressive targets?
When Aviation Week’s Advanced Air Mobility Report began following the composite performance of AAM’s publicly traded stocks, it was a given that the composite would show the typical results of a startup company–in this case a group of companies.
Zanite Acquisition has beefed up the committed funding that is backing its planned going-public merger with Eve, Embraer’s urban air mobility spinoff, as it heads into a May 6 shareholder vote on the deal.
Start-up Overwatch Imaging of Hood River, Oregon, has closed an $11 million Series A financing round to advance its precision imaging payloads designed for drones and general aviation aircraft.
Lift Aircraft has been awarded a Phase 3 contract by the U.S. Air Force’s Agility Prime program to continue experimentation and flight tests of its single-seat HEXA electric vertical takeoff and landing aircraft.
South Korea’s Doosan Mobility Innovation (DMI) has secured a 27 billion won ($22 million) investment, primarily for the development of cargo drones powered by hydrogen fuel cells.
Boosted by a $23 million Series B financing round funded by investors with combined balance sheets exceeding $300 billion, UK vertiport startup Skyports is increasingly confident that, when certified urban air taxis do become available, the needed infrastructure can be in place.
Investment in advanced air mobility OEMs should cross over the $6 billion mark upon completion of Eve UAM’s merger with special purpose acquisition company Zanite Acquisition.
The UK’s Cranfield Aerospace Solutions has secured £10.5 million ($13.8 million) in investment from HydrogenOne Capital Growth and Safran to develop hydrogen fuel-cell electric propulsion for aviation.
