Archer Aviation (ACHR) Stock: Midnight eVTOL Completes 40-Mile California Flight
TLDR
- Archer Aviation’s Midnight eVTOL completed a 40+ mile round-trip between Salinas and Hollister, California, in about 12 minutes each way at 125 mph.
- ACHR stock rose just 0.35% in pre-market trading following the milestone flight.
- Archer completed more than 70 test flights in August and plans stops across Northern California plus LA, Texas, Florida, and New York.
- In August, ACHR gained 24.6% after announcing a deal to acquire Boeing’s Wisk Aero, SkyGrid, and Insitu subsidiaries.
- Wall Street rates ACHR a Strong Buy with an average price target of $11.60, implying over 103% upside.
Archer Aviation’s Midnight aircraft completed a piloted round-trip flight between Salinas and Hollister municipal airports in California on September 8, as part of the company’s “No Roads” flight tour. ACHR stock is currently trading around $5.72, up just 0.35% in pre-market.
The flight covered more than 40 miles and took roughly 12 minutes each way. The same drive by car takes around 30 to 40 minutes. Midnight hit 125 mph and cruised at 3,550 feet.
… Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
