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Stock impact report

This is Why Eve Holding Inc. (EVEX) is a Buy Despite Wider Than Expected Q3 Net Loss [Yahoo! Finance]

Eve Holding, Inc. (EVEX) 
Company Research Source: Yahoo! Finance
Wainwright analyst Amit Dayal reiterated a Buy rating on Eve Holding Inc. (NYSE:EVEX), impressed by the company's progress in the electric Vertical Takeoff and Landing (eVTOL) market. Additionally, Cannacord Genuity analyst Austin Moeller reiterated a Buy rating on the stock on November 6 and set a $7.50 price target. This is Why Eve Holding Inc. (EVEX) is a Buy Despite Wider Than Expected Q3 Net Loss While the company posted a wider-than-expected net loss of $46.9 million, compared to $35.8 million in the same quarter last year, it was attributed to higher research and development expenses. Research and development expenses rose to $44.9 million compared to $32.4 million in the same quarter last year. The increase comes as the company continues to demand increased engineering engagement with Embraer. Additionally, H.C. Wainwright notes that the company is expanding its manufacturing and testing facilities. Nevertheless, the company boasts a positive outlook, owing to its expand Show less Read more
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