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Archer Aviation: Flying Higher, But Don't Chase

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Update - Oct. 4, 2023

Guess every dollar helps at this point.

-Archer Aviation (NYSE:ACHR) Wednesday said the U.S. Air Force provided the company with its first installment of nearly $1M on their recently announced contracts valued at up to $142 million.

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Original article posted on Aug. 21
  • Archer Aviation has seen a surge in stock market interest after attracting investments from key industry partners and investors.
  • The company aims to launch eVTOL production and commercial services in 2025, with plans to deliver the first Midnight aircraft to the DoD in late 2023.
  • The stock has an attractive valuation compared to the opportunity, but investors should buy weakness over the next 18 month crawl towards material revenues.
In a sudden move, Archer Aviation (NYSE:ACHR) has become a darling of the stock market. The eVTOL aircraft manufacturer was nearly left for dead following the meltdown in SPAC stocks, but now investors are rushing into the stock after 300% gains. My investment thesis remains Bullish on the long-term prospects for the company, but investors shouldn't necessarily chase Archer Aviation higher with several years ahead until volume production.

Read the full article on Seeking Alpha. 

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