The Latest Breaking News from ACHR

Cathie Wood loads up on drone maker Archer Aviation amid price hikes, defense partnership. Ark Invest offloaded some Tesla stock.

The eVTOL space is taking off, with Archer Aviation leading the pack—investors should also watch rival Joby to see who reaches commercialization first.

Cathie Wood and Ark Invest on Tuesday sold $14.5 million shares of Tesla stock. The firm added shares of eVTOL drone maker Archer Aviation.

Archer Aviation stock soared 240% as the electric aircraft maker gears up for takeoff in early 2025. ARK Invest CEO Cathie Wood is buying in.

Despite showing signs of cooling, inflation is still well above the Fed’s 2% target. Moreover, January’s strong jobs report may encourage the Fed to raise interest rates even further, keeping the stock market highly volatile in the near term. Amid an uncertain macro environment, it could be wise to buy…

Given continuing geopolitical tensions, with emerging threats to the West from the likes of China and Russia, rising government investment in cutting-edge military capabilities should drive the aerospace & defense industry’s growth. So, Wall Street analysts believe the stocks of aerospace & defense companies Archer Aviation (ACHR) and Planet Labs…

Archer Aviation Inc (NYSE:ACHR) reported a first-quarter net loss of $(59.2) million, wider than the $(43.3) million loss in 4Q21 and narrower than the $(94.9) million loss in 1Q21. Adjusted EBITDA loss expanded to $(39.1) million from $(15.6) million a year ago. Total operating expenses were $65.3 million for the quarter, a…

Shares of ACHR are currently trading at less than $5, reflecting the company’s poor fundamentals. So, considering the challenges involved in electric aircraft manufacturing, will ACHR be a good bet now? Read on to learn our view.

Archer Aviation Inc (NYSE:ACHR) and Hexcel Corp (NYSE:HXL) entered into a letter of intent regarding the supply of carbon fiber material used to manufacture production aircraft. As per the proposed relationship terms, Hexcel will provide Archer with high-performance carbon fiber and resin systems, also known as prepreg, needed to fabricate composite parts for Archer's production…