The Latest Breaking News from Archer Aviation Inc

On Tuesday, Cathie Wood-led Ark Invest made notable trades involving Amazon.com Inc. (NASDAQ:AMZN), Pony AI Inc. (NASDAQ:PONY), and Archer Aviation Inc. (NYSE:ACHR). These trades reflect Ark’s strategic positioning in key sectors, including e-commerce, autonomous driving, and aviation technology.

Shares of Archer Aviation Inc (NYSE:ACHR) are trading higher Thursday afternoon, near its 52-week high, likely lifted by a wave of positive developments for its chief rival, Joby Aviation Inc (NYSE:JOBY).

Shares of ACHR are currently trading at less than $5, reflecting the company’s poor fundamentals. So, considering the challenges involved in electric aircraft manufacturing, will ACHR be a good bet now? Read on to learn our view.

Archer Aviation Inc (NYSE:ACHR) and Hexcel Corp (NYSE:HXL) entered into a letter of intent regarding the supply of carbon fiber material used to manufacture production aircraft. As per the proposed relationship terms, Hexcel will provide Archer with high-performance carbon fiber and resin systems, also known as prepreg, needed to fabricate composite parts for Archer's production…

Archer Aviation Inc (NYSE:ACHR) reported a fourth-quarter net loss of $(43.3) million, a sequential decrease from $(176.7) million in 3Q21, driven primarily by a decrease in stock-based compensation of $83.9 million. Adjusted EBITDA loss expanded to $(32.4) million from $(28.3) million in Q3. Total operating expenses were $53.3 million for the quarter,…