Latest news with #ArcherAviation
Yahoo
3 hours ago
- Business
- Yahoo
Archer or EHang: Which eVTOL Innovator is Ready to Lead the Skies?
As the push for cleaner, faster and smarter transportation gains momentum, the electric vertical takeoff and landing (eVTOL) industry is rapidly emerging as a key player in urban mobility. Among the notable names in this space are Archer Aviation Inc. (ACHR) and EHang Holdings Limited (EH), two innovative companies aiming to revolutionize short-distance travel by enabling people to move faster and avoid ground-level congestion. U.S.-based Archer Aviation is currently advancing toward Federal Aviation Administration certification for its flagship Midnight aircraft. The company plans to roll out commercial air taxi services by the end of 2025. Meanwhile, China-based EHang is taking a different route. The company is developing fully autonomous, pilotless eVTOL aircraft. EHang has already received the world's first type certification for an autonomous eVTOL from China's aviation authority, giving it a strong first-mover advantage in the autonomous flight market. With the global eVTOL market expected to grow rapidly in the coming years, investor interest in next-generation air mobility is on the rise. Archer and EHang have taken different approaches in terms of strategy, location and progress toward certification. This raises an important question for investors: Which eVTOL stock is better placed to take the lead? Let's explore further to find out. Key Takeaways for ACHR Recent Achievements: Archer Aviation has made solid progress in the eVTOL space through notable milestones, strategic collaborations and key agreements. In July 2025, the company began test flights of its Midnight aircraft in Abu Dhabi, marking a significant step toward launching commercial air taxi services in the UAE. In June, ACHR and Jetex joined hands to integrate Jetex's network of more than 40 private terminals across more than 30 countries into the former's planned air taxi operations. This will help Archer Aviation gain access to key infrastructure in global cities. In the same month, ACHR joined a five-country alliance announced by the U.S. Transportation Secretary and acting FAA Administrator. The initiative includes Japan, the United Kingdom, Canada, Australia and the United States, and aims to align certification processes for eVTOL aircraft across these markets. This development is expected to speed up Midnight's regulatory approvals and open up opportunities for international expansion. Financial Stability: Archer Aviation ended the first quarter of 2025 with $1.04 billion in cash and cash equivalents. The company had no current debt and reported long-term debt of $0.74 billion. This strong financial position gives Archer the flexibility to support its civil and defense business plans while continuing to invest in innovation and advanced technologies. Challenges to Note: While Archer Aviation holds strong short-term potential, its long-term success remains uncertain. The eVTOL industry is still in its early stages and Archer's ability to design, certify and scale production will largely depend on how the industry matures and how the demand for such aircraft develops over time. Factors like safety, noise and affordability could impact public acceptance and slow down widespread adoption. Another challenge is that Archer has yet to generate any revenues. Until the company begins commercial operations and establishes a reliable customer base, its ability to deliver sustainable long-term value remains uncertain. Key Takeaways for EH Recent Achievements: EHang has made strong progress in scaling its autonomous eVTOL operations and expanding its presence in China's low-altitude aviation sector. In July 2025, the company partnered with Tsinghua University to launch a joint institute focused on low-altitude aviation technology to strengthen research and development for urban air mobility solutions. In the same month, EHang signed a strategic agreement with Reignwood Aviation Group to promote integration between traditional general aviation and next-generation eVTOL aircraft. In June, EHang secured a purchase order for 50 units of its EH216-S eVTOL aircraft from Guizhou Scenic Tourism Development Co. Financial Stability: EHang ended the first quarter of 2025 with $154 million in cash and cash equivalents. It reported a long-term debt of nine million and a current debt of $15 million. This indicates a strong financial position, which could support the company to reliably fund its ongoing operations and future growth plans. Challenges to Note: While EHang has made significant strides in autonomous eVTOL development, several challenges remain. The company's aircraft are designed for fully autonomous operations, which adds complexity to regulatory approval and may slow international expansion. Adoption in global markets could be delayed as many countries are yet to establish clear rules for pilotless passenger flights. Another concern is that EHang's commercial operations are still limited in scale. Until the company demonstrates consistent revenue generation and expands beyond trial programs and regional deployments, its long-term growth potential remains uncertain. How do EPS Estimates Compare for ACHR & EH? The Zacks Consensus Estimate for Archer Aviation's 2025 loss per share implies a year-over-year improvement, while the same for 2026 suggests a deterioration. The stock's near-term bottom-line estimates have made no movement over the past 60 days. Image Source: Zacks Investment Research The Zacks Consensus Estimate for EHang Holdings' 2025 earnings per share implies a year-over-year deterioration, while the same for 2026 suggests an improvement. The stock's 2025 and 2026 bottom-line estimates have made no movement over the past 60 days. Image Source: Zacks Investment Research Stock Price Performance: ACHR vs EH ACHR has outperformed EH over the past year. Shares of ACHR gained 151.3% compared with shares of EH, which gained 56.4%. Image Source: Zacks Investment Research ACHR's Valuation More Attractive Than EH EH shares are expensive on a relative basis, with its trailing 12-month Price/Book (P/B TTM) being 11.30X compared with ACHR's P/B TTM of 6.09X. Image Source: Zacks Investment Research ACHR's Debt-to-Capital Ratio More Favorable Than EH ACHR has a total debt-to-capital ratio of 5.96%, which is significantly lower than EH's total debt-to-capital ratio of 15.57%. This indicates that ACHR maintains a more balanced capital structure and is less dependent on debt financing. Image Source: Zacks Investment Research ACHR's Prospects Brighter than EH For Now Both Archer Aviation and EHang are leading players in the growing eVTOL industry, with unique approaches to urban air mobility. However, Archer currently appears to have the edge over EH. ACHR offers a stronger financial position, lower debt-to-capital ratio and more attractive valuation, backed by its steady progress toward FAA certification and multiple strategic partnerships enhancing its global reach. On the other hand, although EHang leads in autonomous flight development and has made notable advances in China, regulatory complexities outside its home market raise concerns. Thus, for investors seeking exposure to the eVTOL space, ACHR's financial strength, international presence, outperformance at the bourses and less leverage make it a stronger player than EH, at present. Both ACHR and EH currently hold a Zacks Rank #3 (Hold). You can see the full list of today's Zacks Rank #1 (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 EHang Holdings Limited Unsponsored ADR (EH) : Free Stock Analysis Report Archer Aviation Inc. (ACHR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Globe and Mail
11 hours ago
- Automotive
- Globe and Mail
Could Buying Archer Aviation Stock Today Set You Up for Life?
Key Points Archer Aviation is among the leaders in the disruptive eVTOL sector. The company plans to deliver its first Midnight vehicle this summer. The business is well capitalized with nearly $2 billion on the balance sheet after a recent follow-on offering. 10 stocks we like better than Archer Aviation › Archer Aviation (NYSE: ACHR) is one of a handful of companies pioneering one of the most disruptive innovations in transportation in generations. Archer is a development-stage manufacturer of electric vertical takeoff and landing (eVTOL) vehicles. These vehicles are similar to electric helicopters, but offer some advantages. They're much quieter than helicopters. They have multiple engines rather than a single engine, aiming to eliminate the single-point-of-failure problem in helicopters, and as EVs, they avoid the emissions of helicopters. Investors are clearly excited about Archer Aviation, as the stock has jumped 155% over the last year. It soared after the election, and it's continued to rise since then, even though the company has no revenue. Its market cap is now at $6.2 billion. Does this stock have what it takes to deliver life-changing returns? Let's take a closer look. Where Archer Aviation stands today Archer Aviation's premier vehicle is the Midnight, which comes with a price tag of $5 million and has secured customers like United Airlines, Abu Dhabi Aviation, and Ethiopian Airlines. The company describes Midnight as a proprietary distributed electric propulsion platform. It can carry four passengers and a pilot. Archer is developing two divisions: commercial and business. Its commercial division, which it calls Archer Direct, is built around an urban air taxi network. Archer envisions customers like United Airlines using its vehicles to ferry passengers from downtown heliports to local airports, saving the time it would typically take to commute by car. Archer also plans to provide its own direct-to-consumer aerial ride-share service, which would transport passengers around metro areas. Like drones, its vehicles are also seen as having applications in the military and defense industries. The company has partnered on projects with the Air Force since 2021, and it's also teamed up with Anduril, a defense start-up, to develop a hybrid-propulsion, vertical takeoff and landing aircraft. Commercialization appears to be coming soon as the company said in its first-quarter report that it was on track to deliver its first aircraft to the UAE soon. It also announced an AI partnership with Palantir, the high-flying defense tech company, to work on AI for new aviation technologies. Finally, it unveiled its plans for an air taxi network in New York City with United. Archer's financials With no revenue, we can't judge Archer based on conventional valuation metrics. However, we can examine its balance sheet and its cash burn. Archer finished the quarter with $1.03 billion in cash and only $203.3 million in total liabilities, showing the company is well-capitalized, and with a market cap of $6 billion right now, it should be able to raise more cash by selling equity without significantly diluting shareholders. The company raised an additional $850 million in June, giving it nearly $2 billion in liquidity. As for cash burn, it had a negative free cash flow of $104.6 million in the first quarter and a free cash flow loss of $450 million in 2024, showing that it would burn through the nearly $2 billion it has on the balance sheet in about four years. Can Archer Aviation help you retire early? At this point, high expectations are already baked into Archer Aviation's valuation, and the eVTOL industry more broadly, before Archer has even made a sale. It's possible that the new technology could be disruptive, but before investors bid the stock up further, they should question why helicopters haven't gained further adoption for things like the urban air taxi network that Archer hopes to create. Services like Blade already exist that provide just that, and they have not gone mainstream, likely because it is not cost-effective for most passengers to travel by helicopter. For example, Blade charges a base price of $195 per seat for a ride from Manhattan to JFK airport. Defense applications seem more promising for Archer, but the addressable market for its technology is still unclear and unproven. With any new technology, there is some possibility that it could be a breakthrough and a big winner for investors, but it's also worth remembering that the market is already frothy, and general bullish sentiment has already driven up stocks in emerging sectors like eVTOL and quantum computing. Archer Aviation does have the potential to be a big winner, but with a market cap of $6 billion, and the economics and air taxis appearing to be unfavorable, the chances of it being a disappointment are much greater than it setting you up for life. Should you invest $1,000 in Archer Aviation right now? Before you buy stock in Archer Aviation, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Archer Aviation wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 28, 2025
Yahoo
a day ago
- Business
- Yahoo
Archer or EHang: Which eVTOL Innovator is Ready to Lead the Skies?
As the push for cleaner, faster and smarter transportation gains momentum, the electric vertical takeoff and landing (eVTOL) industry is rapidly emerging as a key player in urban mobility. Among the notable names in this space are Archer Aviation Inc. (ACHR) and EHang Holdings Limited (EH), two innovative companies aiming to revolutionize short-distance travel by enabling people to move faster and avoid ground-level congestion. U.S.-based Archer Aviation is currently advancing toward Federal Aviation Administration certification for its flagship Midnight aircraft. The company plans to roll out commercial air taxi services by the end of 2025. Meanwhile, China-based EHang is taking a different route. The company is developing fully autonomous, pilotless eVTOL aircraft. EHang has already received the world's first type certification for an autonomous eVTOL from China's aviation authority, giving it a strong first-mover advantage in the autonomous flight market. With the global eVTOL market expected to grow rapidly in the coming years, investor interest in next-generation air mobility is on the rise. Archer and EHang have taken different approaches in terms of strategy, location and progress toward certification. This raises an important question for investors: Which eVTOL stock is better placed to take the lead? Let's explore further to find out. Key Takeaways for ACHR Recent Achievements: Archer Aviation has made solid progress in the eVTOL space through notable milestones, strategic collaborations and key agreements. In July 2025, the company began test flights of its Midnight aircraft in Abu Dhabi, marking a significant step toward launching commercial air taxi services in the UAE. In June, ACHR and Jetex joined hands to integrate Jetex's network of more than 40 private terminals across more than 30 countries into the former's planned air taxi operations. This will help Archer Aviation gain access to key infrastructure in global cities. In the same month, ACHR joined a five-country alliance announced by the U.S. Transportation Secretary and acting FAA Administrator. The initiative includes Japan, the United Kingdom, Canada, Australia and the United States, and aims to align certification processes for eVTOL aircraft across these markets. This development is expected to speed up Midnight's regulatory approvals and open up opportunities for international expansion. Financial Stability: Archer Aviation ended the first quarter of 2025 with $1.04 billion in cash and cash equivalents. The company had no current debt and reported long-term debt of $0.74 billion. This strong financial position gives Archer the flexibility to support its civil and defense business plans while continuing to invest in innovation and advanced technologies. Challenges to Note: While Archer Aviation holds strong short-term potential, its long-term success remains uncertain. The eVTOL industry is still in its early stages and Archer's ability to design, certify and scale production will largely depend on how the industry matures and how the demand for such aircraft develops over time. Factors like safety, noise and affordability could impact public acceptance and slow down widespread adoption. Another challenge is that Archer has yet to generate any revenues. Until the company begins commercial operations and establishes a reliable customer base, its ability to deliver sustainable long-term value remains uncertain. Key Takeaways for EH Recent Achievements: EHang has made strong progress in scaling its autonomous eVTOL operations and expanding its presence in China's low-altitude aviation sector. In July 2025, the company partnered with Tsinghua University to launch a joint institute focused on low-altitude aviation technology to strengthen research and development for urban air mobility solutions. In the same month, EHang signed a strategic agreement with Reignwood Aviation Group to promote integration between traditional general aviation and next-generation eVTOL aircraft. In June, EHang secured a purchase order for 50 units of its EH216-S eVTOL aircraft from Guizhou Scenic Tourism Development Co. Financial Stability: EHang ended the first quarter of 2025 with $154 million in cash and cash equivalents. It reported a long-term debt of nine million and a current debt of $15 million. This indicates a strong financial position, which could support the company to reliably fund its ongoing operations and future growth plans. Challenges to Note: While EHang has made significant strides in autonomous eVTOL development, several challenges remain. The company's aircraft are designed for fully autonomous operations, which adds complexity to regulatory approval and may slow international expansion. Adoption in global markets could be delayed as many countries are yet to establish clear rules for pilotless passenger flights. Another concern is that EHang's commercial operations are still limited in scale. Until the company demonstrates consistent revenue generation and expands beyond trial programs and regional deployments, its long-term growth potential remains uncertain. How do EPS Estimates Compare for ACHR & EH? The Zacks Consensus Estimate for Archer Aviation's 2025 loss per share implies a year-over-year improvement, while the same for 2026 suggests a deterioration. The stock's near-term bottom-line estimates have made no movement over the past 60 days. Image Source: Zacks Investment Research The Zacks Consensus Estimate for EHang Holdings' 2025 earnings per share implies a year-over-year deterioration, while the same for 2026 suggests an improvement. The stock's 2025 and 2026 bottom-line estimates have made no movement over the past 60 days. Image Source: Zacks Investment Research Stock Price Performance: ACHR vs EH ACHR has outperformed EH over the past year. Shares of ACHR gained 151.3% compared with shares of EH, which gained 56.4%. Image Source: Zacks Investment Research ACHR's Valuation More Attractive Than EH EH shares are expensive on a relative basis, with its trailing 12-month Price/Book (P/B TTM) being 11.30X compared with ACHR's P/B TTM of 6.09X. Image Source: Zacks Investment Research ACHR's Debt-to-Capital Ratio More Favorable Than EH ACHR has a total debt-to-capital ratio of 5.96%, which is significantly lower than EH's total debt-to-capital ratio of 15.57%. This indicates that ACHR maintains a more balanced capital structure and is less dependent on debt financing. Image Source: Zacks Investment Research ACHR's Prospects Brighter than EH For Now Both Archer Aviation and EHang are leading players in the growing eVTOL industry, with unique approaches to urban air mobility. However, Archer currently appears to have the edge over EH. ACHR offers a stronger financial position, lower debt-to-capital ratio and more attractive valuation, backed by its steady progress toward FAA certification and multiple strategic partnerships enhancing its global reach. On the other hand, although EHang leads in autonomous flight development and has made notable advances in China, regulatory complexities outside its home market raise concerns. Thus, for investors seeking exposure to the eVTOL space, ACHR's financial strength, international presence, outperformance at the bourses and less leverage make it a stronger player than EH, at present. Both ACHR and EH currently hold a Zacks Rank #3 (Hold). You can see the full list of today's Zacks Rank #1 (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 EHang Holdings Limited Unsponsored ADR (EH) : 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
a day ago
- Business
- Yahoo
Archer, Joby Slide As eVTOL Enthusiasm Wanes
Shares of Archer Aviation (NYSE: ACHR) and Joby Aviation (NYSE: JOBY) are trading lower on Monday as enthusiasm around electric vertical takeoff and landing (eVTOL) stocks cools amid renewed investor scrutiny over commercialization timelines, legal risks, and valuation. Both stocks had recently reached new highs amid widespread optimism for eVTOL commercialization, but sentiment has shifted as traders begin locking in gains and reassessing emerging headwinds. Joby, a sector bellwether, surged in July on news of factory expansion, advancements in FAA certification, and piloted flights in Dubai. This momentum pushed the stock to a 52‑week high before a pullback. On Monday, shares are down over 3%, as investors pause to reassess near-term risks. Also Read: Joby Aviation Stock Soars 169% In 3 Months: What's Driving The Surge? That sentiment shift is also weighing on Archer, which was also down Monday. It extended a volatile stretch triggered by a Delaware Chancery Court decision to allow a shareholder lawsuit tied to its 2021 SPAC merger to proceed. Investors are also parsing uncertainty surrounding its partnership with Stellantis. While the automaker remains a manufacturing backer, its recent exit from an unrelated hydrogen fuel project stirred speculation over its long-term commitment to Archer's production plans. Despite Monday's drop, both Archer and Joby remain up year-to-date. Archer continues advancing FAA certification for its Midnight aircraft with backing from Stellantis and United Airlines. Joby is progressing toward a 2026 Dubai launch and expanding U.S. testing. FAA support for eVTOL integration remains a key long-term catalyst. ACHR & JOBY Price Action ACHR is down 2.10% to $10.98, pulling back from its July high near $13.90. JOBY is trading 3.59% lower at $17.45, after topping $18.50 earlier this month. While both stocks remain well above their 52-week lows, they face renewed pressure as investors rotate out of speculative growth plays amid valuation and execution concerns. Read Next:Photo by T. Schneider via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Archer, Joby Slide As eVTOL Enthusiasm Wanes originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
2 days ago
- Business
- Yahoo
Better Buy: Archer Aviation vs. Joby Aviation
Key Points Archer's chance to expand into the defense industry is a huge market opportunity. Joby's differentiated business model gives it upside potential. 10 stocks we like better than Archer Aviation › Go outside and look up the next time you hear an aircraft overhead: You'll see the same airplanes or helicopters you're used to seeing. But that may soon change in certain metropolitan areas. Manufacturers of electric vertical takeoff and landing (eVTOL) aircraft are progressing toward the launch of commercial operations. Recognizing this, investors are paying close attention to eVTOL leaders Archer Aviation (NYSE: ACHR) and Joby Aviation (NYSE: JOBY). Let's see how these two contributors break down the bull cases for each stock. Archer targets commercial and defense applications (Archer Aviation): Taking a two-pronged approach, Archer plans on selling its Midnight eVTOL aircraft directly to operators as well as providing a direct-to-consumer aerial ride-share service. Already, the company has made significant progress in both regards, but what is particularly interesting about its growth prospects is the opportunity as a defense contractor. Archer has inked a number of notable agreements, suggesting the company is well positioned for a quick takeoff once it has received all necessary Federal Aviation Administration (FAA) certifications. In addition to a deal with United Airlines, which will see the carrier purchase up to $1.5 billion in eVTOLs, Archer has signed deals with Abu Dhabi Aviation and Ethiopian Airlines -- both of which are under Archer's Launch Edition program to deploy aircraft in early-adoption markets. The company continues to strengthen its foothold in the civilian market, but it's the possibility of expanding into defense applications that seem particularly alluring. In late 2024, Archer announced the formation of an exclusive partnership with defense contractor Anduril to develop hybrid eVTOL aircraft for crucial defense applications. The goal is securing a potential program of record from the Department of Defense. Should Archer succeed in developing a hybrid eVTOL for defense purposes, the company would also have a sizable opportunity in selling its aircraft to NATO allies. With global tensions remaining high and showing little indication of abating, the ability to offer a hybrid eVTOL aircraft to U.S. allies seems like an auspicious option. Heavyweight backers provide reassurance for Joby investors Lee Samaha (Joby Aviation): Joby Aviation is flying a different route to generating long-term value for investors, but it makes sense and gives the stock more upside potential than its rivals. One differentiating factor is that -- unlike many of its peers, which heavily rely on established companies for technology -- Joby follows a vertically integrated process where it develops components in-house. Moreover, Joby doesn't intend to sell its aircraft to other companies. Instead, it plans to manufacture and operate its aircraft itself while also offering transportation services. It's an ambitious goal that might have seemed unfeasible a decade ago. However, the company has some heavyweight backers, including Toyota, Uber, and Delta Air Lines, which gives cause for confidence. Toyota has committed to investing up to $894 million in Joby and is providing parts as well as helping with its manufacturing. Meanwhile, Uber's investment and Joby's acquisition of Uber's flying taxi business, Elevate, position Joby to scale up transportation services after certification. Delta's investment and partnership will enable Joby to offer airport transfers to Delta passengers -- a value-added service for both companies, as Delta seeks to foster loyalty among its premium customers. All told, Joby's plans have solid backing, and the stock offers substantial upside potential to investors. Is it better to fly with shares of Archer or Joby? Disruptors in the travel industry don't come along frequently, but when they do, investors sit up and take notice. This is the case with both Archer and Joby -- two companies leading the path forward in the development of electric air taxi service. For these upstart companies, there's bound to be some turbulence as they navigate a nascent industry, yet investors with long-term investing horizons may be rewarded with an Archer or Joby investment. For those also interested in defense industry exposure, Archer will be more appealing, while those less concerned with the defense angle may choose Joby instead. Should you buy stock in Archer Aviation right now? Before you buy stock in Archer Aviation, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Archer Aviation wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Lee Samaha has no position in any of the stocks mentioned. Scott Levine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Uber Technologies. The Motley Fool recommends Delta Air Lines. The Motley Fool has a disclosure policy. Better Buy: Archer Aviation vs. Joby Aviation was originally published by The Motley Fool Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
