"Teaming up with partners like United Airlines ( ), the move sparked visions of urban skies buzzing with Archer's Midnight aircraft, slashing commute times and emissions. Shares surged over 6% on the news, hitting fresh highs. But the cheering was premature. The program offers a framework for pre-certification tests, yet lacks firm timelines, funding details, or guaranteed slots - it's more roadmap than runway and Archer wasn't a confirmed participant."
"No bombshell news hit the wires this morning, but ACHR's pullback smells like classic post-hype digestion. After a 15% two-week rally fueled by the eIPP buzz and a record 55-mile test flight for Midnight, traders are cashing in gains. Broader sector headwinds aren't helping: A fresh Grizzly Research short-seller report from earlier this month labeled ACHR the " Nikola of the skies," slamming its $6 billion order book as inflated and certification timelines as shaky."
Archer Aviation announced plans to join the White House eVTOL Integration Pilot Program alongside partners such as United Airlines, driving investor excitement and a share-price surge. The federal program provides a pre-certification testing framework but lacks firm timelines, funding commitments, and guaranteed slots. ACHR later slipped below $10 amid profit-taking after a 15% two-week rally and a record 55-mile test flight. A Grizzly Research short report criticized Archer's order book and certification timelines, while Zacks downgraded the stock and consensus targets remain around $13. Archer reported a $206 million second-quarter net loss and remains pre-revenue, increasing execution risk.
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