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ACHR Stock Recovers 10% in 5 Days as Investors Refocus on Growth after CFO Exit
ACHR Stock Recovers 10% in 5 Days as Investors Refocus on Growth after CFO Exit

Business Insider

time2 days ago

  • Business
  • Business Insider

ACHR Stock Recovers 10% in 5 Days as Investors Refocus on Growth after CFO Exit

Shares of Archer Aviation (ACHR) climbed 7.4% to $12.09 in yesterday's trading session and are up more than 10% over the past five trading days. The move comes after a brief pullback last week, when the company announced that Chief Financial Officer Mark Mesler had formally resigned. That announcement initially sent the stock down 2.5% to $10.51, but investor sentiment appears to have quickly stabilized. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Why Archer Aviation Shares Recovered Several developments may have contributed to the stock's recovery. First, Archer Aviation confirmed that Priya Gupta, who has been serving as acting CFO since September 2024, will remain in the role. The leadership transition had already been in place for months, reducing the perceived risk of disruption. Gupta's continuation in the position likely reassured investors focused on financial continuity and upcoming commercialization plans. Second, analysts have remained upbeat. Archer Aviation currently holds a 'Moderate Buy' consensus based on six recent analyst ratings. Canaccord Genuity and Cantor Fitzgerald both reiterated their $13 price targets this week, while H.C. Wainwright maintained its $18 forecast. Institutional activity also played a role. ARK Invest sold shares of Archer Aviation across its exchange-traded funds on the same day as the resignation announcement, but the sale was part of a broader portfolio rebalance. ARK still holds a position in the company, although it has been gradually reducing exposure in recent months. Market reaction suggests that investors viewed the sale as mechanical rather than a negative signal. Meanwhile, a Form 144 filed this week disclosed that the exiting CFO, Mark Mesler, intends to sell over 165,000 shares, following a vesting event tied to compensation. The company also entered into a transition agreement with Mesler, which included a cash payout and accelerated vesting of certain restricted stock units. Despite the brief volatility, Archer Aviation has regained upward momentum. The stock is now trading above both its pre-resignation level and its average 12-month price target, as investors look ahead to operational milestones and leadership continuity under Gupta. Is Archer Aviation Stock a Good Buy? an average 12-month price target of $11.75. This implies a 2.81% downside from the current price.

Archer Aviation CFO steps down after year of medical leave
Archer Aviation CFO steps down after year of medical leave

Yahoo

time4 days ago

  • Business
  • Yahoo

Archer Aviation CFO steps down after year of medical leave

This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Archer Aviation CFO Mark Mesler officially resigned from his role effective July 7, after a period of medical leave beginning September 2024, the company said in a recent securities filing. The Santa Clara, California-based company develops electric vertical takeoff and landing vehicle (eVTOL) aircraft — also known as 'air taxis' — and software, according to its website. Priya Gupta, who has served as the electric air taxi firm's acting CFO and acting principal financial officer since his leave, will 'continue to serve in her same capacity,' according to the filing. 'After careful consideration and reflection on what's next for him personally and professionally, Mark has decided to step down from his position,' the company said in a statement emailed to CFO Dive. Harsh Rungta will continue to serve as Archer's chief accounting officer, alongside Gupta in her continued role as interim CFO, the eVTOL creator said. 'The entire team at Archer thanks Mark for his contributions and wishes him the best.' The electric air taxi company entered into a transition agreement with Mesler in association with his retirement, where Mesler is set to receive a one-time cash payment equal to nine months of his base salary, plus three months of his target annual bonus, according to the filing with the Securities and Exchange Commission. He will also receive accelerated vesting for certain outstanding restricted stock units, according to the agreement. For full-year 2024, Mesler received an annual base salary of $500,000, and received a bonus of $146,311, according to Archer's latest proxy statement filed in April. His compensation also included approximately $1.1 million in stock awards. Gupta, as acting CFO, received total compensation of $676,970, including a base salary of $338,000 and an annual non-equity incentive bonus of $158,548, according to the proxy. The CFO's resignation comes as attention on the air taxi market has increased over the past few years: though air taxis are still butting up against safety and regulatory concerns, regulators have also taken steps to codify operations for such vehicles, creating new opportunities. Last October, the Federal Aviation Administration issued its final rule on 'powered lift' crafts — a category that includes air taxis — in a move which aimed to place the U.S. in a key leadership position in the burgeoning industry. Archer Aviation has taken several steps to establish itself as a dominant player in the expanding market, inking key partnerships with large-scale companies including United Airlines and Palantir — working with the latter to create AI-powered software for 'next-gen' aviation systems, according to a March release. Its Midnight eVTOL aircraft began test flight in Abu Dhabi, with the air taxi company planning to expand the test flight program in the region and to gather 'additional data to support its certification and commercialization plans in both the UAE and other key markets,' according to a July 2 press release. Archer is jockeying for the top space in the emerging market against competitors such as Joby Aviation, which also recently began test flights for its own EVTOL craft in June in the United Arab Emirates, the company said. Joby received a $250 million investment from Toyota in May, part of a previously announced deal for the carmaker to invest $500 million in the air taxi maker, according to a CNBC report. Archer, meanwhile, raised $850 million in a stock sale in June, with the new capital to be used to help build out the company's commercial capabilities and infrastructure, according to a press release. The funding came after President Donald Trump issued an executive order which provided for the establishment of an eVTOL Integration Pilot Program (eIPP), 'an extension of the BEYOND program to accelerate the deployment of safe and lawful eVTOL operations in the United States,' according to the order. The sale gave Archer a liquidity position of approximately $2 billion, according to the June release, coming after the air taxi company said its total cash position had surpassed $1 billion during its Q1 earnings results in May. For the quarter ended March 31, Archer reported total operating expenses of $144 million and a net loss of $93.4 million, as well as an adjusted EBITDA loss of $109 million, per its earnings results. For its Q2 of 2025, the company anticipates an adjusted EBITDA loss between $100 million to $120 million. Recommended Reading Rivian swipes Tesla vet for CAO 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

Archer Aviation (ACHR) Shares Slip as CFO Exits and ARK Trims Stake, Analysts Still See Upside
Archer Aviation (ACHR) Shares Slip as CFO Exits and ARK Trims Stake, Analysts Still See Upside

Business Insider

time7 days ago

  • Business
  • Business Insider

Archer Aviation (ACHR) Shares Slip as CFO Exits and ARK Trims Stake, Analysts Still See Upside

Shares of Archer Aviation (ACHR) fell 2.5% to $10.51 on Thursday after the company announced that Chief Financial Officer Mark Mesler officially resigned. Mesler had been on medical leave since September 2024. Priya Gupta, who has served as acting CFO during that time, will continue in the role going forward. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Meanwhile, ACHR shares are up nearly 8% year-to-date, though the stock remains volatile. Investors are watching closely to see how leadership continuity under Gupta will impact execution, especially as Archer aims to commercialize electric vertical takeoff aircraft in the coming years. ARK Invest Trims Its Position in ACHR In connection with the resignation, Archer entered a transition agreement with Mesler. He will receive a one-time cash payment equal to nine months of his base salary, plus three months of his target annual bonus. Some of his unvested restricted stock units will also accelerate over the same period. The company expects to file the full agreement in its upcoming quarterly report. Meanwhile, institutional sentiment on ACHR stock may be shifting. On the same day as the resignation, ARK Invest, led by Cathie Wood, sold shares of ACHR across its ETFs. The sale was part of a broader portfolio rebalance that also included trimming positions in Roku (ROKU) and Coinbase (COIN). ARK still holds a position in Archer, but has been gradually reducing exposure in recent months. Is Archer Aviation Stock a Good Buy? Despite the executive change and selling activity, Wall Street analysts remain positive on the stock. Based on six recent ratings, Archer Aviation boasts a 'Moderate Buy' consensus with an average 12-month price target of $11.75. This implies an 11.8% upside from the current price. Notably, analysts at Canaccord Genuity and Cantor Fitzgerald both reiterated $13 targets this week, while H.C. Wainwright maintained its $18 forecast.

Archer Aviation CFO Mark Mesler Resigns
Archer Aviation CFO Mark Mesler Resigns

Globe and Mail

time12-07-2025

  • Business
  • Globe and Mail

Archer Aviation CFO Mark Mesler Resigns

Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Archer Aviation ( (ACHR)) has shared an announcement. Mark Mesler has resigned as Chief Financial Officer of Archer Aviation effective July 7, 2025, after being on medical leave since September 2024. Priya Gupta will continue as the acting CFO, while Harsh Rungta remains the Senior VP of Finance. Mesler's transition includes a severance package and accelerated stock vesting, reflecting a structured leadership transition within the company. The most recent analyst rating on (ACHR) stock is a Buy with a $12.50 price target. To see the full list of analyst forecasts on Archer Aviation stock, see the ACHR Stock Forecast page. Spark's Take on ACHR Stock According to Spark, TipRanks' AI Analyst, ACHR is a Neutral. Archer Aviation's overall score reflects significant challenges in financial performance due to its developmental stage, lack of revenue, and reliance on financing. Technical indicators suggest mixed momentum, while valuation remains challenging with negative earnings. Positive developments in strategic partnerships and liquidity were highlighted in the earnings call, but FAA certification and high expenses pose risks. To see Spark's full report on ACHR stock, click here. Archer Aviation operates in the aviation industry, focusing on the development and production of electric vertical takeoff and landing (eVTOL) aircraft, aiming to revolutionize urban air mobility. Average Trading Volume: 34,630,964 Technical Sentiment Signal: Buy Current Market Cap: $6.63B For detailed information about ACHR stock, go to TipRanks' Stock Analysis page.

Archer Aviation CFO Mesler steps down
Archer Aviation CFO Mesler steps down

Business Insider

time12-07-2025

  • Business
  • Business Insider

Archer Aviation CFO Mesler steps down

According to a regulatory filing, Mark Mesler has stepped down from his role as Chief Financial Officer of Archer Aviation (ACHR) effective July 7, 2025. Mesler has been on medical leave since September, 2024. Priya Gupta has served as Archer's Chief Financial Officer and acting principal financial officer during his leave. Gupta will continue to serve in her same capacity and Harsh Rungta will continue to serve as the company's Senior Vice President, Finance and Chief Accounting Officer and principal accounting officer. In connection with the foregoing, the company entered into a transition agreement with Mesler. Pursuant to the Transition Agreement, Mesler will receive a one-time cash payment equal to nine months of his base salary plus three months of his target annual bonus and accelerated vesting of certain of his outstanding time-based restricted stock units scheduled to vest over the same period. The foregoing description of the Transition Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Transition Agreement, which will be filed as an exhibit to the company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025. Elevate Your Investing Strategy:

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