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Why Archer Aviation Stock Is Skyrocketing Today
Shares of Archer Aviation (NYSE: ACHR) are surging on Tuesday. The company's stock gained 22.7% as of 2:11 p.m. ET and was up as much as 26.7% earlier in the day. The jump comes as the S&P 500 (SNPINDEX: ^GSPC) gained 0.8% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) rose 1.6%.The company, which develops electric vertical takeoff and landing (eVTOL) aircraft, reported its Q1 2025 numbers and announced an exciting new partnership.The company is pre-revenue, but it reported a reasonable net loss of $93.4 million for the quarter. With more than $1 billion in cash and equivalents on hand, the company has plenty of room to run and has one of the strongest balance sheets in the emerging industry. Continue reading
Shares of Archer Aviation (NYSE: ACHR) are surging on Tuesday. The company's stock gained 22.7% as of 2:11 p.m. ET and was up as much as 26.7% earlier in the day. The jump comes as the S&P 500 (SNPINDEX: ^GSPC) gained 0.8% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) rose 1.6%.
The company, which develops electric vertical takeoff and landing (eVTOL) aircraft, reported its Q1 2025 numbers and announced an exciting new partnership.
The company is pre-revenue, but it reported a reasonable net loss of $93.4 million for the quarter. With more than $1 billion in cash and equivalents on hand, the company has plenty of room to run and has one of the strongest balance sheets in the emerging industry.
