Original Source: InvestorPlace
Date: May 20, 2024
Source Author: Matthew Farley, InvestorPlace Contributor
Summary: The article from InvestorPlace discusses three electric aviation stocks to own that investors should consider before the electric vertical takeoff and landing (eVTOL) industry gains significant traction. The eVTOL sector is poised for substantial growth, driven by advancements in technology and increasing interest in sustainable transportation solutions. As the industry matures, early investors in key companies could see substantial returns.
The first company highlighted is Joby Aviation (NYSE: JOBY), a front-runner in the eVTOL space with a strong technological foundation and significant backing from prominent investors. Joby has made considerable progress in developing its aircraft and securing necessary certifications.
The second stock mentioned is Archer Aviation (NYSE: ACHR), which has also made significant strides in the eVTOL market. Archer is noted for its strategic partnerships and innovative approach to urban air mobility. The company is working on creating a robust infrastructure to support its operations.
Lastly, the article states “Financially, Surf Air Mobility reported a fourth quarter revenue of $26.84 million, slightly above the consensus estimate. For the first quarter of 2024, they anticipate revenues to be in the range of $28.5 million to $29.5 million.”
The article emphasizes the potential of these companies to revolutionize the aviation industry and highlights the importance of early investment in this burgeoning market.
Key Points:
- Joby Aviation (NYSE: JOBY)
- Archer Aviation (NYSE: ACHR)
- Surf Air Mobility (SRFM)
For more details, visit the full article.
