Pittsburgh International's solar project to grow to 7.7 megawatts
A Pennsylvania AIr National Guard KC-135 flies over the Allegheny County Airport Authority solar array on Tuesday morning. The expansion by IMG Energy Solutions, A Liberty Energy Co., will take place behind the current solar panels.
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9 hours ago
- Yahoo
Reggie Jackson joins as ‘deeply personal' partner for new NLBM hotel
KANSAS CITY, Mo. — Hall of Fame outfielder Reggie Jackson, also known as 'Mr. October', has joined on as a founding legacy partner for the new Negro Leagues Baseball Museum Hotel, according to a release from Grayson Capital. The Marriott Tribute Portfolio hotel in Kansas City's 18th and Vine District will feature an upscale restaurant, rooftop bar, a cultural partnership platform and more as a 30,000 square foot expansion of the museum. It's all part of a new, cultural destination known as the Negro Leagues Baseball Musuem Campus. Frank White shares stadium discrepancy between county, KCMO and MO Jackson described the partnership as 'deeply personal' as the legendary ball player has personal connections to both KC and NLBM. 'Returning to Kansas City, where my MLB career began—and helping honor the Negro Leagues, where my father Martinez Jackson played for the Newark Eagles—is deeply personal,' said Jackson. 'This hotel will celebrate the greatness of those who came before me and inspire the generations to come.' The release goes on to say that Jackson's involvement will include driving awareness, fostering generational ties to baseball's historic players and advancing the project. Jackson is focused on helping NLBM impact both the KC and baseball communities throughout the future. Watch FOX4 News free on streaming TV devices by downloading WDAF+ Reggie's involvement is a significant addition to our project. His connection to the Negro Leagues is deep and meaningful, and his voice will elevate our mission to educate and inspire through the game of baseball,' echoed NLBM President Bob Kendrick. The hotel and campus will support both the continuing investments in the 18th and Vine District as well as the cultural movement surrounding the NLBM. For more information on the NLBM and its new developments, click here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
15 hours ago
- Yahoo
To Hold or Fold Archer Aviation Stock as eVTOL Adoption Grows?
The global eVTOL (electric vertical takeoff and landing) market experienced notable developments in 2024, marked by significant growth and technological advancements, with North America constituting a significant share of this market. Archer Aviation Inc. ACHR, a U.S.-based company currently working through certification with the Federal Aviation Administration (FAA) and other global aviation authorities to commercialize its Midnight eVTOL aircraft, thus stands to benefit from the aforementioned growth trend. As intensifying urban congestion and the growing need for modern transport alternatives continue to drive the growth momentum of the eVTOL industry, growth investors interested in aerospace stocks might want to buy more stakes of ACHR. However, one should be mindful of evaluating the company's inherent historical performance, growth prospects, valuation and limitations (if any) before making an investment based solely on industry trends. Let's find that out for Archer Aviation. Archer Aviation's shares have surged a solid 181% in the past year, outperforming the Zacks Aerospace-Defense industry's growth of 20.1% as well as the broader Zacks Aerospace sector's gain of 19.3%. It has also surpassed the S&P 500's return of 11.3% in the same time frame. Image Source: Zacks Investment Research A similar stellar performance can be seen in the one-year performance of other industry players, such as Joby Aviation JOBY and Embraer ERJ, which are also involved in the eVTOL market. Notably, shares of ERJ have surged a solid 70.1%, while those of JOBY rose 52.9% in the past year. Archer Aviation's aforementioned surge has been fueled by key developments surrounding its Midnight aircraft and expanding presence in both commercial and defense sectors. The company received FAA Part 135 certification last year, enabling it to begin limited commercial operations ahead of the aircraft's full launch. It ended 2024 by securing occupancy approval for its high-volume manufacturing facility in Georgia, aiming to begin production in early 2025 and scale to 650 units annually by 2030. ACHR started 2025 by raising $301.8 million in equity capital to accelerate the development of its hybrid aircraft platform, particularly for defense applications. In April, it secured design approval to convert a helipad at the Abu Dhabi Cruise Terminal into the city's first hybrid heliport, paving the way for early Midnight air taxi services with Abu Dhabi Aviation. Most recently, Archer launched the next phase of flight testing for Midnight, featuring piloted flights that demonstrated both vertical and conventional take-off and landing capabilities. These advancements not only enhance operational flexibility but also reinforce the aircraft's readiness for commercial deployment. Collectively, these milestones positioned ACH favorably in the evolving eVTOL space. As increasing demand for urban air mobility, along with growing technological advancements in sustainable transportation solutions, continues to bolster the growth prospects for the global eVTOL market, industry players like ACHR, JOBY and ERJ should gain substantially in the coming years. To this end, a market research firm, Fortune Business Insights, expects the global eVTOL aircraft market to witness a CAGR of 23.1% in the 2021-2028 market growth trends bolster Archer Aviation's prospects, especially once its Midnight jets become commercially available in the open market. Let's take a sneak peek at ACHR's near-term earnings estimates to check if that also reflects the same. The Zacks Consensus Estimate for second-quarter and full-year 2025 earnings indicates a year-over-year improvement. The consensus estimate for 2026, however, mirrors a declining trend. The consensus mark for its near-term earnings implies an upward revision over the past 60 days, indicating enhanced investor confidence in the stock's earnings growth capabilities. Image Source: Zacks Investment Research Image Source: Zacks Investment Research Based on short-term price targets offered by nine analysts, Archer Aviation is currently trading 17.2% below its average Zacks price target. Image Source: Zacks Investment Research Although Archer Aviation shows potential in the near term, its long-term viability is uncertain as the eVTOL market remains nascent. ACHR's success depends on its ability to design, certify, and scale production, while also relying on evolving market demand. Public acceptance of eVTOLs may be delayed by concerns over safety, noise, and affordability, potentially slowing mass adoption. Further, ACHR is yet to generate revenues, raising concerns about its ability to deliver shareholder value. Until it commercializes its Midnight aircraft and builds a strong customer base, long-term returns may remain limited. Its negative Return on Invested Capital (ROIC), which trails the industry average (as one can see below), further justifies that. Image Source: Zacks Investment Research ACHR's industry peer, JOBY, also holds a negative ROIC. However, another of ACHR's industry peers, ERJ, boasts a positive ROIC of 14.24, which is also higher than the industry's level. While Archer Aviation has made notable strides in flight testing, partnerships, and market positioning, its lack of revenues and negative ROIC raise red flags for long-term investors. Therefore, investors may be better off adopting a wait-and-watch approach rather than investing in ACHR stock right now. However, those who already own this Zacks Rank #3 (Hold) stock may continue to do so, considering the stellar performance in the past year, upward revision in earnings estimates and the upside in its price target. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Embraer-Empresa Brasileira de Aeronautica (ERJ) : Free Stock Analysis Report Joby Aviation, Inc. (JOBY) : Free Stock Analysis Report Archer Aviation Inc. (ACHR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
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HSBC upgrades Brazil's Embraer on strong delivery outlook
--HSBC upgraded Brazilian planemaker Embraer to 'Buy' from 'Hold,' saying a record order backlog, improving output, and growing momentum in executive jets and defense deliveries support a positive earnings trajectory through this year. The brokerage raised its price target to $57 from $45, citing a higher valuation for Embraer's eVTOL unit EVE and a lower discount rate in its cash flow model. The new target implies a 24% upside from current levels. 'With an all-time high backlog of $26.4bn at end-Q1, Embraer offers strong revenue generation in the coming quarters, which is supported by accelerated efforts to remove output bottlenecks and spread production more evenly over quarters,' HSBC wrote. It expects robust second-quarter performance with nine aircraft already in finished inventory, equal to nearly 20% of last year's Q2 deliveries. HSBC forecasts a 28% year-on-year rise in executive jet deliveries in the first quarter of 2025 and sees steady demand in defense, particularly for the KC-390 and A-29 aircraft. It also flagged the upcoming Paris Air Show as a potential source of new orders. The bank said the impact of new U.S. tariffs, 10% on Brazilian imports, is likely limited, estimating a roughly 90 basis-point hit to EBIT margins in the Executive and Services segments, but noted that Embraer plans to offset these through cost cuts and increased U.S. content. Commercial aviation is unaffected, and overall 2025 margin guidance remains unchanged. HSBC maintained its 2025 revenue estimate of $7.5 billion, at the top of company guidance, and its consolidated adjusted EBIT margin forecast at 7.9%. It now values the company at 10.8x and 8.1x 2025 and 2026 EV/EBITDA respectively, versus a five-year average of 8.7x. A successful flight test of EVE's first full-scale prototype, scheduled for mid-2025, could serve as a key catalyst, the firm added. Related articles HSBC upgrades Brazil's Embraer on strong delivery outlook Goldman Sachs upgrades Brazil's XP, cuts rating on B3 on shifting risk-reward Bernstein starts coverage of entertainment stocks: Spotify and TKO at Outperform Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
