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. () is a prime example, with mounting losses and theinvestment thesis
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