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Yahoo
03-07-2025
- Yahoo
Are Blue Skies Ahead for This Hot Flying Car Stock?
Eve Air Mobility (EVEX) set a new 52-week high of $7.57 in morning trading today, July 3. The company has a 100% technical 'Buy' signal via Barchart. Shares have been on a red-hot tear and are up nearly 140% over the past year. Eve is benefitting from accelerating interest in eVTOLs, known casually as 'flying cars.' Valued at $2.2 billion, Eve (EVEX) is a Florida-based company that is working to develop and commercialize electric vertical takeoff and landing (eVTOL) aircraft, referred to popularly as 'flying cars.' Eve Air Mobility is a subsidiary of Embraer (ERJ), the Brazilian aerospace company. I found today's Chart of the Day by using Barchart's powerful screening functions. I started by using Barchart's New Highs & Lows tool (watch more on how to find winners using it here). I then sorted for stocks that have the highest technical buy signals, superior current momentum in both strength and direction, and a Trend Seeker 'buy' signal. Since the Trend Seeker signaled a buy on May 13, EVEX stock is up 89%. Michael Saylor Says 'You'll Wish You'd Bought More' Bitcoin as MicroStrategy Doubles Down Wolfspeed Is Surging After Filing for Bankruptcy. Is It Too Late to Touch WOLF Stock Here? Is Microsoft Stock About to Go Nuclear? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. EVEX price vs. daily moving averages: Editor's Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the website when you read this report. These technical indicators form the Barchart Opinion on a particular stock. Eve Air Mobility shares hit a new 52-week high on July 3, touching $7.57 in morning trading. Eve has a 100% technical 'Buy' signal. EVEX has a Weighted Alpha of +133.67. The stock has gained 137.2% over the past year. Eve Air Mobility has its Trend Seeker 'Buy' signal intact. EVEX is trading above its 20, 50 and 100-day moving averages. The stock has made six new highs and gained 42.8% in the last month. Relative Strength Index is at 72.56%. The technical support level is $6.80. Eve Air Mobility has a market capitalization of $2.2 billion. Like other eVTOL firms, Eve Air Mobility is a 'pre-revenue' company. It reported a net loss of $48.8 million in the first quarter, wider than $25.3 million in the year-ago period. Its price-book ratio is 25.76x, significantly higher than the sector median near 3x. Analysts expect the company to generate $10.87 million in revenue for 2026, then $200 million in 2027. Its loss per share is expected to widen 33% this year to $0.64. Eve Air Mobility stands out with its incredible share price appreciation over the past year, and investors can thank growing Wall Street interest in eVTOL technology for that. Larger companies in the space like Archer Aviation (ACHR) have commanded intense followings as consumers and investors alike anticipate eVTOLs transforming the 'urban air mobility' industry. Essentially, the hope is that companies like Eve will eliminate congested city travel to and from destinations like airports. Companies in the pre-revenue stage like Eve are navigating regulatory approval processes, continuing to develop their aircraft, and working to secure commercial partners. Eve has already partnered with aviation companies including Blade (BLDE) and SkyWest (SKYW), and in June it announced letters of intent with Future Flight Global, Aerosolutions, and Bluenest for eVTOLs in Costa Rica and Brazil. President Donald Trump's recently signed executive order supporting eVTOL has also provided a boost to EVEX in recent weeks. Analysts are bullish on Eve with a 'Strong Buy' consensus rating, but their mean price target of $6.40 implies 15% downside potential from here. Analysts may still be playing catch up to the eVTOL rally in 2025, and Eve's pre-revenue status could also be giving them pause. Today's Chart of the Day was written by Sarah Holzmann. Read previous editions of the daily newsletter here. Additional disclosure: The Barchart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance. On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Business Upturn
01-07-2025
- Business Upturn
EHang Partners with Reignwood Aviation to Create a New Model of General Aviation and eVTOL Collaboration in the Low-altitude Economy
GUANGZHOU, China, July 01, 2025 (GLOBE NEWSWIRE) — EHang Holdings Limited ('EHang' or the 'Company') (Nasdaq: EH), the world's leading urban air mobility ('UAM') technology platform company, today announced that it has entered into a strategic partnership agreement with Reignwood Aviation Group. Leveraging their respective strengths, the two parties will collaborate under China's national strategy for developing the low-altitude economy, guided by the principles of technology empowerment, scenario-driven innovation, and global expansion. Together, they aim to set a global standard for integrating traditional general aviation with next-generation electric vertical take-off and landing ('eVTOL') aircraft. Advertisement Image: EHang and Reignwood Aviation Group's agreement signing ceremony According to the agreement, Reignwood Aviation Group plans to deploy eVTOLs at scale, prioritizing at its operational hubs in key cultural and tourism destinations. The partnership will begin with consumer-facing applications such as low-altitude tourism and related ground services. Over time, the cooperation will further expand to UAM field to build a three-dimensional urban transportation network. In the long term, the two parties aim to expand to more scenarios and low-altitude services including passenger transportation, aerial logistics, emergency response, etc. To support eVTOL low-altitude flight services, EHang and Reignwood Aviation Group plan to explore and establish integrated low-altitude service hubs offering flight demonstration, aircraft takeoff and landing services, energy supply and maintenance. They will also plan to jointly launch a digitalized fleet management platform enabling future demands for high-density, high-frequency, and high-complexity low-altitude UAV and eVTOL flights. Additionally, they plan to jointly establish a 'Reignwood –EHang Flight Training Center,' leveraging Reignwood's aviation expertise and infrastructure to develop training programs that address the sector's certified talent needs in both domestic and international markets. Internationally, EHang and Reignwood Aviation Group will promote local airworthiness certification and deploy the EH216-S in core tourist areas such as Bangkok and Phuket. This collaborative approach aims to bring China's successful low-altitude economy model to the ASEAN region, supporting the development of UAM ecosystems across Southeast Asia. Gang Zheng, Chairman of Reignwood Aviation Group, said, 'This cooperation marks a significant step forward in Reignwood Aviation's intelligent transformation. As a private general aviation enterprise with full operational qualifications and industry-leading service capabilities in China — and as low-altitude tourism demonstration enterprise by the China National Tourism Administration—Reignwood Aviation has built a national network of five operational bases. Our business spans aviation operations, services, airport management, and aircraft sales, supported by a fleet of over 60 aircraft and a total investment of RMB 2.0 billion. Partnering with EHang is a recognition of its disruptive technology and leadership. As the world's first company to receive a human-carrying airworthiness certificate for a pilotless aircraft, EHang's values of safety, intelligence, and sustainability align perfectly with our innovation-driven vision for the future.' Zhao Wang, Chief Operating Officer of EHang, commented, 'This strategic partnership with Reignwood Aviation Group marks another important milestone in our global low-altitude economy strategy. Reignwood's extensive experience in general aviation operations, airport infrastructure, and international resource integration will be instrumental in accelerating the scale deployment and commercial operation of the EH216-S. We look forward to jointly exploring the integration of traditional aviation and innovative eVTOL technologies — starting from tourism use cases and scaling toward comprehensive UAM solutions. We're excited to jointly build a leading operational model in China and extend our collaboration to Southeast Asia and beyond.' About EHang EHang (Nasdaq: EH) is the world's leading urban air mobility ('UAM') technology platform company. Our mission is to enable safe, autonomous, and eco-friendly air mobility accessible to everyone. EHang provides customers in various industries with unmanned aerial vehicle ('UAV') systems and solutions: air mobility (including passenger transportation and logistics), smart city management, and aerial media solutions. EHang's flagship product EH216-S has obtained the world's first type certificate, production certificate and standard airworthiness certificate for pilotless eVTOL issued by the Civil Aviation Administration of China ('CAAC'). In 2025, EH216-S eVTOL operators have been granted the first batch of Air Operator Certificates for human-carrying pilotless eVTOL flight services for mass consumers issued by the CAAC. As the forerunner of cutting-edge UAV technologies and commercial solutions in the global UAM industry, EHang continues to explore the boundaries of the sky to make flying technologies benefit our life in smart cities. For more information, please visit About Reignwood Aviation Reignwood Aviation Group leverages China's booming general aviation market to lead the nation's strategic emerging industries. With five operational bases, it builds a modern service cluster covering Aviation Operations, Services, Airport Management, and Sales. As China's top private general aviation enterprise with the most licenses and largest fleet, Reignwood offers integrated services including pilot training, aircraft procurement, financial solutions, fleet maintenance, and airport management. Rooted in China and serving global markets, it is a one-stop general aviation service provider. Safe Harbor Statement This press release contains statements that may constitute 'forward-looking' statements pursuant to the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'aims,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates,' 'likely to' and similar statements. Statements that are not historical facts, including statements about management's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to those relating to certifications, our expectations regarding demand for, and market acceptance of, our products and solutions and the commercialization of UAM services, our relationships with strategic partners, and current litigation and potential litigation involving us. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management's control. These statements involve risks and uncertainties that may cause EHang's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Media Contact: [email protected] Investor Contact: [email protected] A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Business Upturn
30-06-2025
- Business Upturn
EHang Secures Order for 50 Units of EH216-S from Guizhou and Partners with Anshun Government to Advance Low-Altitude Cultural Tourism
GUANGZHOU, China, June 30, 2025 (GLOBE NEWSWIRE) — EHang Holdings Limited (Nasdaq: EH) ('EHang' or the 'Company'), the world's leading Urban Air Mobility ('UAM') technology platform company, today announced EHang has received a purchase order for 50 units of its EH216-S pilotless electric vertical take-off and landing ('eVTOL') aircraft from Guizhou Scenic Tourism Development Co., Ltd. ( 'Guizhou Scenic'), a wholly-owned subsidiary of Guizhou Tourism Group. These aircraft are planned to be deployed in scenic areas operated by Guizhou Tourism Group to offer low-altitude aerial tourism and sightseeing services and explore low-altitude tourism application scenarios. Meanwhile, EHang reaches a cooperation agreement with the Management Committee of the Economic and Technological Development Zone of Anshun City in Guizhou province, aiming to jointly create a flagship model of technology-enabled cultural tourism in Guizhou province and contribute to the high-quality development of Guizhou province's low-altitude economy. (Image: EHang and Guizhou Scenic's agreement signing ceremony) (Image: agreement signing ceremony between EHang and the Management Committee of the Economic and Technological Development Zone of Anshun City) (Image: EHang cooperation symposium, hosted by Yin Hengbin, Mayor of Anshun City) With its diverse landscapes and abundant tourism resources, Guizhou province offers an ideal environment for pilotless eVTOL applications. In 2025, the Guizhou Provincial Government's Work Report highlights the development of the low-altitude economy and aims to establish various low-altitude tourism, logistics and emergency scenarios in its Three-Year Action Plan for the High-Quality Development of the Low-Altitude Economy (2025–2027) (draft for public consultation) . Anshun city stands out in Guizhou province with its solid foundation for low-altitude industry development, featuring a well-established aerospace supply chain, robust infrastructure, and comprehensive supporting policies. Guizhou places strong emphasis on and actively supports the growth of Anshun's aviation and low-altitude sectors. EHang's cooperation with Anshun city and Guizhou Tourism Group will further, based on practical needs, expand and implement diverse low-altitude application scenarios, attract high-end talents and cutting-edge technologies, and plan to promote practical collaborations in areas such as aircraft R&D, component manufacturing, testing, and trial operations. These joint efforts aim to drive the local low-altitude industry toward a more advanced, intelligent, and sustainable future, and contribute to the creation of a globally competitive industrial cluster. Guizhou Tourism Group serves as Guizhou province's core tourism operator and an integrated service provider for all-for-one tourism. Guizhou Scenic focuses on supporting Guizhou province's vision of becoming a world-class travel destination and promoting high-quality development of the tourism industry. It manages several renowned scenic areas in Guizhou, such as the Jiabang Rice Terraces in Congjiang, Basha Miao Village, and Yunfeng Tunpu in Anshun. Changpeng Yang, Secretary of Anshun City, stated, 'In recent years, China has accelerated the layout of the low-altitude economy as a strategic industry. The Guizhou provincial government have vigorously supported its high-quality growth, designating Anshun as a demonstration zone for the province's low-altitude economy development. We hope Anshun and EHang will seize this strategic opportunity, deepen their collaboration, and work together to build a thriving low-altitude industrial cluster. By aligning our efforts and leveraging our respective strengths, we aim to integrate new productive forces with Guizhou's natural beauty, unlock more application scenarios, create greater value, and establish a national benchmark for low-altitude economic development.' Yusheng Meng, Deputy General Manager of Guizhou Tourism Group, commented, 'Guizhou Tourism Group has always been committed to pioneering innovation in Guizhou's tourism sector. The introduction of the EH216-S pilotless human-carrying aircraft brings a new vitality and dimension to our scenic areas, offering visitors an unprecedented aerial sightseeing experience. We look forward to deepening our collaboration with EHang to fully unlock the potential of Guizhou's distinctive natural landscapes and cultural heritage. Together, we aim to build a globally attractive low-altitude tourism brand and contribute meaningfully to the province's emerging low-altitude economy.' 'Following the issuance of China's first batch of Operation Certificates for pilotless human-carrying aircraft, EHang is working closely with certified air mobility operators to steadily advance the safe operation and commercial deployment of the EH216-S. This 50-unit purchase order mark a significant milestone in EHang's strategic expansion into low-altitude tourism and serves as a key initiative to establish Guizhou as a model for low-altitude technology innovation, further demonstrating our collaborator's strong recognition of EHang's product capabilities and technological strengths and underscoring the market's growing confidence in the promising future of the low-altitude economy,' said Zhao Wang, Chief Operating Officer of EHang. 'Guizhou's rich tourism resources make it an ideal setting for a wide range of aerial services—from sightseeing and tourism to immersive flight experiences. Its mountainous terrain also poses challenges for traditional ground transportation, driving strong demand for innovative eVTOL solutions to enhance regional mobility and logistics. We view this partnership as a strategic catalyst to deepen our operational presence in Guizhou, explore new models for low-altitude economy development, and deliver safe, convenient, and eco-friendly aerial experiences that foster high-quality consumption powered by low-altitude technologies.' About EHang EHang (Nasdaq: EH) is the world's leading urban air mobility ('UAM') technology platform company. Our mission is to enable safe, autonomous, and eco-friendly air mobility accessible to everyone. EHang provides customers in various industries with unmanned aerial vehicle ('UAV') systems and solutions: air mobility (including passenger transportation and logistics), smart city management, and aerial media solutions. EHang's flagship product EH216-S has obtained the world's first type certificate, production certificate and standard airworthiness certificate for pilotless eVTOL issued by the Civil Aviation Administration of China ('CAAC'). In 2025, EH216-S eVTOL operators have been granted the first batch of Air Operator Certificates for human-carrying pilotless eVTOL flight services for mass consumers issued by the CAAC. As the forerunner of cutting-edge UAV technologies and commercial solutions in the global UAM industry, EHang continues to explore the boundaries of the sky to make flying technologies benefit our life in smart cities. For more information, please visit Safe Harbor Statement This press release contains statements that may constitute 'forward-looking' statements pursuant to the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'aims,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates,' 'likely to' and similar statements. Statements that are not historical facts, including statements about management's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to those relating to certifications, our expectations regarding demand for, and market acceptance of, our products and solutions and the commercialization of UAM services, our relationships with strategic partners, and current litigation and potential litigation involving us. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management's control. These statements involve risks and uncertainties that may cause EHang's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Media Contact: [email protected] Investor Contact: [email protected] Photos accompanying this announcement are available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
