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Stock impact report

Where Will Archer Aviation (ACHR) Stock Be in 1 Year? [Yahoo! Finance]

Archer Aviation Inc. Class A (ACHR) 
Company Research Source: Yahoo! Finance
Its stock isn't a bargain relative to its near-term growth potential. 10 stocks we like better than Archer Aviation › Archer Aviation (NYSE: ACHR) , a developer of electric vertical takeoff and landing ( eVTOL ) aircraft, went public through a merger with a special purpose acquisition company (SPAC) in September 2021. Its stock started trading at $9.90 per share, but now trades at about $8. Like many other SPAC-backed companies, Archer overpromised and underdelivered. In a pre-merger presentation, it claimed it could produce ten Midnight eVTOLs in 2024, 250 eVTOLs in 2025, 500 eVTOLs in 2026, and 650 eVTOLs in 2027. As it scaled up its business, it predicted its revenue would soar from $42 million in 2024 to $3.4 billion in 2027. Yet in 2024, Archer delivered only a single test aircraft to the U.S. Air Force, generated no meaningful revenue, and incurred a net loss of $537 million. As of last August, the company had only manufactured two commercial eVTOLs and had six eVTOLs i Show less Read more
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