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Archer Aviation: Promising Developments

 

  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More » 

  • Archer Aviation Inc. jumped to $3 on the excitement of small insider purchases.
  • The eVTOL manufacturer recently announced several major developments towards FAA certification and production of the Midnight aircraft.
  • Archer Aviation stock is interesting, with a $700 million market cap and with initial revenue targets in the $1+ billion range.
As with most SPACs, the stock market lost interest in the money-losing stocks that came public over the last couple of years. Archer Aviation Inc. (NYSE:ACHR) is a prime example, with mounting losses and the

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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