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Archer Aviation: Promising Developments

 



Update - June 12, 2023
Archer is finally in the midst of a breakout on the positive FAA news. 

-The acting administrator of the Federal Aviation Administration, Billy Nolen, is in talks to join Archer Aviation (NYSE:ACHR), per a report from Reuters.

-Citing sources familiar with the situation, the report indicates Nolen will depart his current position atop the FAA in the next few weeks and will then look to transition to a role at Archer (ACHR). Archer’s rival Joby Aviation (JOBY) previously appointed former FAA chief Michael Huerta to a position on its board in March.

Finviz Chart

Original article posted on Jan. 19
  • 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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