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. Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our subscriber-only portfolios. Learn More » 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 Bul...