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Added to YB: 2025-08-29

Pitch date: 2025-08-27

ACHR [bearish]

Archer Aviation Inc.

+13.68%

current return

Author Info

Grizzly Research produces differentiated research insights on publicly traded companies through in-depth due diligence. Sign up for the newsletter.

Company Info

Archer Aviation Inc., together with its subsidiaries, designs and develops aircraft and related technologies and services in the United States and internationally.

Market Cap

$5.3B

Pitch Price

$9.21

Price Target

N/A

Dividend

N/A

EV/EBITDA

-6.23

P/E

-6.40

EV/Sales

N/A

Sector

Aerospace and Defense

Category

N/A

Show full summary:
Archer Aviation, the Nikola of the Skies

ACHR short: Midnight aircraft fundamentally flawed/uncertifiable vs competitor Joby. No conforming aircraft yet, missed all flight test timelines since 2022. Forced redesign from 2-blade to 4-blade rear props indicates major issues. $6B order book inflated w/ questionable partners incl defunct Air Chateau. Empty Georgia factory despite production claims. Too noisy (80-90 dBA hover vs Joby's 65 dBA), overweight at 7500lbs vs Joby's 5300lbs, inferior range/speed. Defense pivot appears desperate given 2+ year lag behind Joby on all metrics.

Read full article (79 min)