Eve Holding, Inc. (EVEX)
Eve Holding, Inc. (EVEX) is a company focused on the design, development, and manufacturing of electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. It aims to provide sustainable, efficient, and accessible aerial transportation solutions, leveraging innovative technology to revolutionize urban commuting.
Company News
Three companies - Joby, Archer, and Eve - are competing to lead the emerging electric vertical takeoff and landing (eVTOL) aircraft market, with JPMorgan projecting a $100 billion global market by 2040.
The urban air mobility (UAM) market is expected to grow rapidly, reaching $41.5 billion by 2035. The platform segment, particularly eVTOL aircraft, will dominate the market, integrating with existing transit infrastructure. Ride-sharing companies are predicted to achieve the highest growth, leveraging their scalable operations. North America leads the market, supported by robust infrastructure and a conducive ecosystem.
Eve (EVEX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).