Archer Aviation: Taking Off With Anduril
- Archer Aviation remains out of favor despite major announcements on new product developments on top of the promising air taxi business.
- The new Halo autonomous VTOL, developed with Anduril, targets commercial payload transportation, opening up a new market opportunity.
- The eVTOL manufacturer is still progressing towards certification of their eVTOL, unlocking a massive order backlog.
- ACHR stock trades below $5 with a $3.5 billion market value despite defense sector stocks obtaining far higher valuations.
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Archer Aviation Inc. (ACHR) and the eVTOL space are so out of favor right now that a big announcement with a defense sector darling didn't generate a lasting move in the stock. The aerospace company is quickly building a robust business pipeline outside the air taxi focus. My investment thesis remains ultra Bullish on Archer Aviation trading back at the lows below $5.
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Disclosure: Long ACHR. Please review the disclaimer page for more details.
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