Latest news with #EveAirMobility
Yahoo
03-07-2025
- Business
- 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 Insider
16-06-2025
- Business
- Business Insider
Eve Holding published its inaugural Global Market Outlook
Eve Air Mobility published its inaugural Global Market Outlook. The Outlook highlights the growth and demand surrounding the urban air mobility category for the next 20 years and provides insights into the societal, regional, and use case-specific factors driving demand. Transporting Three Billion Passengers by 2045: The topline numbers from The Global Market Outlook show an estimated in-service vehicle fleet of 30,000 eVTOLs by 2045. This fleet figure will be needed to support the estimated three billion passengers, creating a potential revenue of $280 billion. Confident Investing Starts Here:
Business Insider
16-06-2025
- Business
- Business Insider
Eve Holding signs first binding framework agreement with Revo
Eve Air Mobility has signed its first binding framework agreement with Revo, an advanced urban air mobility, UAM, operator headquartered in Sao Paulo, Brazil, and its parent company, Omni Helicopters International SA. The contract includes the purchase of up to 50 electric Vertical Takeoff and Landing, eVTOL, aircraft, associated entry into service and aftermarket services. This milestone marks Eve's transition from development to execution, solidifying its position as a leading provider of next-generation UAM solutions. 'This binding agreement with Revo and OHI is a pivotal step for Eve, demonstrating growing market confidence in our technology and operational model,' said Johann Bordais, CEO of Eve Air Mobility. 'By moving from concept to implementation, we are not only advancing our commercial roadmap but also helping to shape a robust and sustainable UAM ecosystem, setting a global benchmark for eVTOL deployment.' Confident Investing Starts Here:
Yahoo
15-06-2025
- Business
- Yahoo
Eve Air Mobility and Revo Accelerate Urban Air Mobility with $250M Contract
A fleet of up to 50 aircraft and aftermarket services is poised to revolutionize urban transport across Revo's key markets. PARIS, June 15, 2025 /PRNewswire/ -- Eve Air Mobility ("Eve") (NYSE: EVEX) (NYSE: EVEXW) has signed its first binding framework agreement with Revo, an advanced urban air mobility (UAM) operator headquartered in São Paulo, Brazil, and its parent company, Omni Helicopters International SA (OHI). The contract includes the purchase of up to 50 electric Vertical Takeoff and Landing (eVTOL) aircraft, associated entry into service and aftermarket services. This milestone marks Eve's transition from development to execution, solidifying its position as a leading provider of next-generation UAM solutions. "This binding agreement with Revo and OHI is a pivotal step for Eve, demonstrating growing market confidence in our technology and operational model," said Johann Bordais, CEO of Eve Air Mobility. "By moving from concept to implementation, we are not only advancing our commercial roadmap but also helping to shape a robust and sustainable UAM ecosystem, setting a global benchmark for eVTOL deployment." The agreement represents Eve's commitment to Revo & OHI, encompassing eVTOL aircraft and comprehensive aftermarket support through Eve's TechCare package. Revo will become the launch operator for Eve's eVTOLs in São Paulo, with first delivery planned for fourth quarter of 2027 one of the world's most dynamic and advanced markets for aerial mobility, São Paulo has over 400 registered helicopters and nearly 2,000 daily takeoffs and landings. "Our decision to partner with Eve Air Mobility was clear, rooted in their mature design, comprehensive support ecosystem, and Embraer's unparalleled aerospace heritage," said Revo CEO Joao Welsh. "These eVTOL aircraft will be the cornerstone of our ambitious plan to revolutionize Revo's high touch mobility service, offering a safe sustainable, and scalable business that will connect communities and redefine convenience." Revo, wholly owned by OHI, currently operates a door-to-door mobility solution, integrating car and luggage services with scheduled helicopter service connecting key locations in southeast Brazil. These include daily flights between Zona Sul and GRU International Airport, a route that typically takes 1.5 to 3 hours by car but can be completed in just 10 minutes by air. With Eve's eVTOLs, these operations will become fully electric and sustainable, delivering a superior customer experience, and supporting the city's goals for greener transportation. "Adding up to 50 of Eve Air Mobility's eVTOLs to our fleet furthers our diversification journey and leadership in the low altitude economy," said Jeremy Akel, Group CEO, Omni Helicopters International. "Our partnership with Eve is evidence of our shared vision to bring to life revolutionary mobility ideas that transform how people move within cities." This binding proposal builds on the strategic collaboration between Eve, OHI, and Revo, which includes previous agreements for aircraft, service solutions, and successful simulations of urban air traffic management using Eve's Vector software. The agreement also provides access to Eve TechCare, an all-in-one suite of operational support designed to streamline eVTOL operations and maximize fleet performance. "Our eVTOL is designed to seamlessly integrate into existing transportation networks, providing operators with a vital link to complete their passengers' journey," said Megha Bhatia, CCO at Eve Air Mobility. "Our aircraft enables Revo and operators to provide the last mile of service, such as airport shuttles to and from the city, in a fraction of the time. A safe, efficient, and innovative option that enhances connectivity and reimagines urban air mobility for operators and their customers." Image : Revo Eve Air Mobility Aircraft About Eve Air MobilityEve Air Mobility is dedicated to accelerating the Urban Air Mobility (UAM) ecosystem. Benefitting from a start-up mindset, backed by Embraer's 55-year history of aerospace expertise, and with a singular focus, Eve is taking a holistic approach to progressing the UAM ecosystem, with an advanced eVTOL project, comprehensive global services and support network and a unique air traffic management solution. Since May 10, 2022, Eve is listed on the New York Stock Exchange where its shares of common stock and public warrants trade under the tickers "EVEX" and "EVEXW". For more information, please visit About Omni Helicopters InternationalOmni Helicopters International SA (OHI), a subsidiary of OHI Group SA, founded in Portugal in the 90s, stands at the forefront of Latin America's air mobility and delivery solutions sector. As the region's largest provider of these services, OHI caters to diverse customer groups across multiple segments, ensuring seamless and efficient solutions. Through its subsidiaries Omni Taxi Aéreo in Brazil, Omni Helicopters Guyana Inc., and Omni Helicopters International Mozambique, OHI offers unmatched capability and capacity to serve offshore customers in the fastest growing offshore energy markets. The company's extensive portfolio includes Crew Change, Emergency Medical Services, Firefighting, Search and Rescue operations, as well as highly specialized Cargo and Utility services in remote and challenging locations. In line with its commitment to innovation and sustainability, OHI has introduced two groundbreaking ventures: OHI Unmanned, a specialist division focusing on unmanned aerial vehicles services, and Revo, a premium advanced air mobility solution provider. For more information, visit About RevoOperating in São Paulo since January 2024, Revo is an advanced urban air mobility solution founded and fully owned by Omni Helicopters International SA. Revo is a cutting- edge urban mobility solution that delivers a seamless, door-to-door travel experience. Designed for those who value wellbeing and demand the highest standards of safety, reliability, and sustainability, Revo uses advanced technology to integrate aerial and ground transportation into one cohesive platform. Revo unlocks fast, efficient mobility in one of the world's most congested cities. Guests can book single seats or private cabins through the app, website, or a dedicated concierge service. For more information, please visit Forward-Looking Statement DisclosureCertain statements contained in this release are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward- looking statements may be identified by words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "plan," "project," "could," "should," "would," "continue," "seek," "target," "guidance," "outlook," "if current trends continue," "optimistic," "forecast" and other similar words or expressions. All statements, other than statements of historical facts, are forward-looking statements, including, but not limited to, statements about the company's plans, objectives, expectations, outlooks, projections, intentions, estimates, and other statements of future events or conditions, including with respect to all companies or entities named within. These forward-looking statements are based on the company's current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those set forth herein as well as in Part I, Item 1A. Risk Factors and Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations of the company's most recent Annual Report on Form 10-K, Part I, Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations and Part II, Item 1A. Risk Factors of the company's most recent Quarterly Report on Form 10-Q, and other risks and uncertainties listed from time to time in the company's other filings with the Securities and Exchange Commission. Additionally, there may be other factors of which the company is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. The company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements. other than as required by law. Any forward- looking statements speak only as of the date hereof or as of the dates indicated in the statement. View original content: SOURCE Eve Air Mobility Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-06-2025
- Business
- Yahoo
Eve Air Mobility Twenty-Year Market Outlook Highlights Growth of Urban Air Mobility Globally
Outlook highlights a $280 billion passenger revenue and 30,000 aircraft opportunities driven by urban population growth, traffic concerns, and a commitment to sustainability. PARIS, June 15, 2025 /PRNewswire/ -- Eve Air Mobility (NYSE: EVEX; EVEXW), a global leader in electric vertical take-off and landing (eVTOL) aircraft, published its inaugural Global Market Outlook. The Outlook highlights the growth and demand surrounding the urban air mobility category for the next 20 years and provides insights into the societal, regional, and use case-specific factors driving demand. The Global Market Outlook leverages data on 1,800 cities on the UN's World Urbanization Prospects database, 1,000 airports, and over 27,000 civil helicopters currently in operation. "The Global Market Outlook furthers the excitement and momentum we have seen in collaborating with our customers and municipal partners worldwide," said Johann Bordais, CEO of Eve Air Mobility. "Today, the UAM market benefits from urban growth, higher traffic congestion, and a positive shift towards sustainable mobility. Demand for UAM is strong and marks the beginning of a major shift in how people will move and live in cities worldwide." This report sets the stage for the 2025 Paris Air Show, where a major highlight will be the unveiling of Eve Air Mobility's full-scale mockup, showcasing a design evolution that enhances the Eve-100 aircraft's performance. The mockup, to be displayed in the Embraer pavilion outside Chalet #300, will showcase several key enhancements. These include a new cabin design, the addition of four-blade propellers, and wheeled landing gear. These improvements are designed to significantly enhance the safety, accessibility, comfort, performance, and maneuverability of the Eve-100, setting a new standard in Urban Air Mobility. Transporting Three Billion Passengers by 2045The topline numbers from The Global Market Outlook show an estimated in-service vehicle fleet of 30,000 eVTOLs by 2045. This fleet figure will be needed to support the estimated three billion passengers, creating a potential revenue of $280 billion. Critical use cases driving growth include Urban Point-to-Point, Airport Shuttle, and Tourism, Medical Services, Corporate, Private and Charter. From a key driver perspective, the Outlook points to urban congestion as one of the critical factors demonstrating the need for alternative means of transportation as the 2022 United Nations World Population Prospects points to over two billion more people living in cities by 2050. Other data highlighting these congestion challenges include: By 2035, more than eight hundred cities will have a population of more than one million, accounting for over 2.5 billion people (World Cities Report, United Nations 2022). This growth will only accelerate the congestion challenges seen to date. In 2024, congestion continued to be a significant issue in major markets. For example, cities such as London (226 hours), New York (196 hours), Bengaluru (234 hours), Sao Paulo (222 hours), and Johannesburg (112 hours) saw significant annual time lost per person due to congestion. Regional BreakdownEve anticipates significant Asia-Pacific growth driven by dense megacities and a rising middle class. North America shows promise due to substantial investment and an established aviation ecosystem. Europe may grow more slowly because of regulatory challenges. Latin America presents opportunities with eVTOLs addressing urbanization and renewable energy. While smaller, the Middle East is an early adopter focused on innovation and sustainable transportation. The Africa market is driven by the opportunity to overcome infrastructure challenges from high urban population growth and enhance tourism experience. Key UAM Enablers and ChallengesWhile the future of urban air mobility is strong and shows great promise, the industry will have to overcome numerous challenges to realize its full challenges include: Safe operations: High safety is a non-negotiable requirement for high-scale operations. Regulatory approval: A comprehensive but accessible regulatory environment for a safe ecosystem is critical. Air traffic management (ATM): Airspace integration and future uncrewed operations are two areas where ATM will play a key role in high-density operations. Ecosystem: Existing heliport infrastructure is necessary to accommodate near-term operations. Battery technology: Higher battery densities are required for broader and longer-range applications. The public acceptance of UAM will depend on a combination of these factors. Click here to request a copy of the UAM Global Market Outlook. About Eve Air Mobility Eve Air Mobility is dedicated to accelerating the Urban Air Mobility (UAM) ecosystem. Benefitting from a start-up mindset, backed by Embraer S.A.'s more than 50-year history of aerospace expertise, and with a singular focus, Eve is taking a holistic approach to progressing the UAM ecosystem, with an advanced eVTOL project, comprehensive global services and support network and a unique air traffic management solution. Since May 10, 2022, Eve is listed on the New York Stock Exchange where its shares of common stock and public warrants trade under the tickers "EVEX" and "EVEXW". For more information, please visit Forward-Looking Statement DisclosureCertain statements contained in this release are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "plan," "project," "could," "should," "would," "continue," "seek," "target," "guidance," "outlook," "if current trends continue," "optimistic," "forecast" and other similar words or expressions. All statements, other than statements of historical facts, are forward-looking statements, including, but not limited to, statements about the company's plans, objectives, expectations, outlooks, projections, intentions, estimates, and other statements of future events or conditions, including with respect to all companies or entities named within. These forward-looking statements are based on the company's current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those set forth herein as well as in Part I, Item 1A. Risk Factors and Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations of the company's most recent Annual Report on Form 10-K, Part I, Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations and Part II, Item 1A. Risk Factors of the company's most recent Quarterly Report on Form 10-Q, and other risks and uncertainties listed from time to time in the company's other filings with the Securities and Exchange Commission. Additionally, there may be other factors of which the company is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. The company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements. other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement. View original content: SOURCE Eve Air Mobility Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
