Why Archer Aviation Stock Is Skyrocketing Today

Shares of Archer Aviation (NYSE: ACHR) are surging on Tuesday. The company's stock gained 22.7% as of 2:11 p.m. ET and was up as much as 26.7% earlier in the day. The jump comes as the S 500 (SNPINDEX: ^GSPC) gained 0.8% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) rose 1.6%.

The company, which develops electric vertical takeoff and landing (eVTOL) aircraft, reported its Q1 2025 numbers and announced an exciting new partnership.

The company is pre-revenue, but it reported a reasonable net loss of $93.4 million for the quarter. With more than $1 billion in cash and equivalents on hand, the company has plenty of room to run and has one of the strongest balance sheets in the emerging industry.

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Source Fool.com