Latest news with #MidnighteVTOL
Yahoo
3 days ago
- Business
- Yahoo
Archer Aviation Gains on First Piloted Runway Flight
Archer Aviation (NYSE:ACHR) shares rose 2.57% after its Midnight eVTOL aircraft completed its first piloted conventional takeoff and landing (CTOL), marking a key step toward commercialization. CTOL flights require rugged landing gear and precise control systemscapabilities that Midnight demonstrated under a clear California sky by accelerating down a runway and lifting off wheels first. Warning! GuruFocus has detected 2 Warning Signs with JOBY. CEO Adam Goldstein said this dual VTOL/CTOL design integrates into a wide range of operational scenarios while providing enhanced safety. Government regulators and defense partners have flagged CTOL as critical for real?world operations, boosting confidence in Midnights design choices as Archer readies production in its new Georgia factory with Stellantis help. While Archer promised 2025 aircraft deliveries, none have occurred yet, and the entire eVTOL sector faces certification hurdles. The CTOL milestone doesnt accelerate the delivery timeline, but it validates technical progress at a time when peers like Joby (NYSE:JOBY) and Vertical Aerospace (EVTL) confront delays. Archer continues to burn cash and must translate milestones into revenue and certification. Investors should care because CTOL success lends critical credibility to Archers promise of an aircraft that can operate from both runways and vertiports, narrowing the gap between hype and reality and keeping Archer in the lead as competition intensifies. It's important to note from the chart above that the stock has surged almost 47% with a 115% CAGR, showing incredible investor confidence. The stock is consolidating near the $9.90 mark at this point. Hence, despite some volatility, the overall momentum remains healthy with support forming above previous lows. This article first appeared on GuruFocus. 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
4 days ago
- Business
- Yahoo
Archer Aviation Gains on First Piloted Runway Flight
Archer Aviation (NYSE:ACHR) shares rose 2.57% after its Midnight eVTOL aircraft completed its first piloted conventional takeoff and landing (CTOL), marking a key step toward commercialization. CTOL flights require rugged landing gear and precise control systemscapabilities that Midnight demonstrated under a clear California sky by accelerating down a runway and lifting off wheels first. Warning! GuruFocus has detected 2 Warning Signs with JOBY. CEO Adam Goldstein said this dual VTOL/CTOL design integrates into a wide range of operational scenarios while providing enhanced safety. Government regulators and defense partners have flagged CTOL as critical for real?world operations, boosting confidence in Midnights design choices as Archer readies production in its new Georgia factory with Stellantis help. While Archer promised 2025 aircraft deliveries, none have occurred yet, and the entire eVTOL sector faces certification hurdles. The CTOL milestone doesnt accelerate the delivery timeline, but it validates technical progress at a time when peers like Joby (NYSE:JOBY) and Vertical Aerospace (EVTL) confront delays. Archer continues to burn cash and must translate milestones into revenue and certification. Investors should care because CTOL success lends critical credibility to Archers promise of an aircraft that can operate from both runways and vertiports, narrowing the gap between hype and reality and keeping Archer in the lead as competition intensifies. It's important to note from the chart above that the stock has surged almost 47% with a 115% CAGR, showing incredible investor confidence. The stock is consolidating near the $9.90 mark at this point. Hence, despite some volatility, the overall momentum remains healthy with support forming above previous lows. This article first appeared on GuruFocus.
Yahoo
4 days ago
- Business
- Yahoo
Archer Aviation Gains on First Piloted Runway Flight
Archer Aviation (NYSE:ACHR) shares rose 2.57% after its Midnight eVTOL aircraft completed its first piloted conventional takeoff and landing (CTOL), marking a key step toward commercialization. CTOL flights require rugged landing gear and precise control systemscapabilities that Midnight demonstrated under a clear California sky by accelerating down a runway and lifting off wheels first. Warning! GuruFocus has detected 2 Warning Signs with JOBY. CEO Adam Goldstein said this dual VTOL/CTOL design integrates into a wide range of operational scenarios while providing enhanced safety. Government regulators and defense partners have flagged CTOL as critical for real?world operations, boosting confidence in Midnights design choices as Archer readies production in its new Georgia factory with Stellantis help. While Archer promised 2025 aircraft deliveries, none have occurred yet, and the entire eVTOL sector faces certification hurdles. The CTOL milestone doesnt accelerate the delivery timeline, but it validates technical progress at a time when peers like Joby (NYSE:JOBY) and Vertical Aerospace (EVTL) confront delays. Archer continues to burn cash and must translate milestones into revenue and certification. Investors should care because CTOL success lends critical credibility to Archers promise of an aircraft that can operate from both runways and vertiports, narrowing the gap between hype and reality and keeping Archer in the lead as competition intensifies. It's important to note from the chart above that the stock has surged almost 47% with a 115% CAGR, showing incredible investor confidence. The stock is consolidating near the $9.90 mark at this point. Hence, despite some volatility, the overall momentum remains healthy with support forming above previous lows. This article first appeared on GuruFocus. 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
4 days ago
- Business
- Yahoo
This 5-Person Electric Air Taxi Just Completed Its First Piloted Flight
Archer Aviation's flagship air taxi just passed another major milestone on the road to launch. The Midnight eVTOL has completed its first piloted test flight, according to a statement shared by the Silicon Valley firm on Monday. The five-person craft notched more than 400 test flights in 2024 alone, but this is the first time a pilot has been at the controls. More from Robb Report Inside a New Luxury Hotel Nestled in One of Charleston's Charming Historic Neighborhoods A Union Jack Flag That Was Flown at a Historic U.K. Battle Could Fetch Up to $1 Million at Auction A Tourist Damaged Two Terracotta Warriors at China's Mausoleum of Qin Shi Huang With Archer's chief test pilot, Jeff Greenwood, at the helm, Midnight cruised at speeds up to 125 mph and reached a maximum altitude of over 1,500 feet. The craft also completed a conventional take-off and landing (CTOL) rather than executing both vertically. Midnight already showcased a vertical takeoff and landing (VTOL) in the latter half of 2023. 'Flying Midnight felt just like flying the simulator—everything responded exactly as we trained for, which is exactly what you hope for during a test flight,' Greenwood said in a statement. Archer says government regulators and customers have stressed the importance of being able to take off and land both conventionally and vertically in Midnight. Having an aircraft that is capable of both results in greater operational flexibility and also increases safety, according to Archer. 'Midnight's VTOL and CTOL capabilities are a strong differentiator for us as they are critical for delivering an aircraft that can integrate into a wide range of operational scenarios while also providing enhanced safety,' added Archer CEO and founder Adam Goldstein. Equipped with 12 wing-mounted tilting propellers and six battery packs, Midnight will be able to carry a pilot and four passengers at speeds of up to 150 mph. Weighing roughly 6,500 pounds, the aircraft will have a payload capacity of 1,000 pounds and can be charged in minutes. During the next phase of testing, Archer will focus on things like the control responsiveness and stability of Midnight. The firm is also working to get the aircraft certified and into commercial service in both the U.S. and the UAE. The plan is to eventually launch an air-taxi network in New York, providing fliers with the ability to zip from Manhattan to New York's largest airports in five to 10 minutes for about $200. Rival eVTOL builder Joby Aviation is also hoping to get its S4 electric aircraft flying around the Big Apple. The timing of Archer's stateside rollout is still, well, up in the air, but the team expects to start a commercial service in Dubai by the end of this year. Stay tuned. Best of Robb Report The 2024 Chevy C8 Corvette: Everything We Know About the Powerful Mid-Engine Beast The World's Best Superyacht Shipyards The ABCs of Chartering a Yacht Click here to read the full article.
Yahoo
6 days ago
- Business
- Yahoo
Should You Buy Archer Aviation While It's Below $13.30?
Archer Aviation is attempting to build a business around air taxis. The company is targeting important milestones in 2025. The stock has pulled back from its 52-week high of $13.30. 10 stocks we like better than Archer Aviation › Archer Aviation (NYSE: ACHR) is a stock that only more aggressive investors will want to look at. That's because it is a start-up that doesn't generate any revenue or profits. And yet the opportunity ahead of this aviation business could be hugely exciting, with 2025 likely to be the year that Archer Aviation, literally, takes off. Here's what you need to know -- and why $13.30 is an important number to think about. Archer Aviation has created an electric vertical takeoff and landing (eVTOL) aircraft that it calls Midnight. It is a small, vertical lift plane meant to travel short distances. Effectively, the goal was to create what amounts to an air taxi, and Archer Aviation has achieved that goal. Only that's not the final hurdle, it was just the starting point. The airline industry is highly regulated, given that plane crashes are high profile and usually deadly. Getting clearance from the FAA for a new plane is a multistep process that can take years. This is why Archer Aviation creating one functional eVTOL isn't enough. The goal is to produce up to 10 Midnight eVTOLs in 2025, with most of them set to be used for the approval process. At the end of the first quarter of 2025, the company estimated that it was only 15% of the way through the FAA approval process. In other words, there's a long way to go before Archer Aviation's Midnight eVTOL is approved to fly in the United States. But that doesn't mean it can't fly elsewhere. And that is the big news that investors will want to watch in 2025. The most important goal for Archer Aviation in 2025 is likely to be carrying the first commercial customers on its Midnight eVTOL in Abu Dhabi. That is where it is currently working with a partner to set up an air taxi service. There are a number of steps to achieve before that happens, including building and delivering a Midnight eVTOL to the country. But this will be the first true test of Archer Aviation's business idea. Given that Archer Aviation is, effectively, a story stock, the successful launch of an air taxi service will likely lead to a higher stock price. The 52-week high was $13.30 per share, and that could easily be eclipsed when Midnight eVTOLs start getting used to carry commercial customers. There's more than one reason for that. Archer Aviation's goal is to both sell aircraft and run its own air taxi service. It has already set the foundation for running air taxis in the United States. It has FAA approval to operate as an airline and FAA approval to train pilots on how to use its aircraft. The company also has plans for air taxis in California and New York lined up so it can hit the ground running once it gets the FAA nod for domestic use of the Midnight eVTOL. A successful outcome in Abu Dhabi would basically help to assure investors that Archer Aviation's longer-term plans are feasible. And it would provide a blueprint for the company to follow for its own ramp-up, smoothing the process of starting domestic air taxi services. That doesn't even consider the customer side, with every safe flight in Abu Dhabi likely increasing the chances that U.S. customers will feel comfortable taking a ride in a new type of aircraft. The first question to ask here is whether a high-risk investment like Archer Aviation is right for your portfolio. No revenue, no earnings, and a still-untested product suggest that most will probably want to sit on the sidelines until a few more key milestones have been reached. But more aggressive investors who buy now could be getting in before what is likely to be a very important turning point for Archer Aviation. It wouldn't be surprising to see the stock jump above its 52-week high of $13.30 per share on news of the first commercial flight in Abu Dhabi, which would be the first sign that the puzzle pieces are starting to come together. 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 $651,049!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $828,224!* Now, it's worth noting Stock Advisor's total average return is 979% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Should You Buy Archer Aviation While It's Below $13.30? was originally published by The Motley Fool Sign in to access your portfolio
