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Eve Urban Air Mobility: The Price Of Disruptive Technology

Dec. 27, 2022 5:05 PM ETEve Holding, Inc. (EVEX)12 Comments


  • Eve is positioned well with some unique advantages over competitors.
  • UAM is a promising disruptive technology but big hurdles that have yet to be taken remain.
  • Key risks include delays in development and certification, operational constraints and liquidity matters that could dilute shareholders.
  • We're about to raise prices at my private investing ideas service, The Aerospace Forum, where members get access to portfolios, market alerts, real-time chat, and more. Learn More »

eVTOL ready to land on the roof tarmac


Earlier this year, I covered Eve (NYSE:EVEX) for the first time. At the time, company had announced a tentative agreement with BAE Systems for the purchase of 150 eVTOLs to be applied in a defense setting. Since then, we saw share

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This article was written by

Dhierin Bechai profile picture

Dhierin-Perkash Bechai is an aerospace, defense and airline analyst.

Dhierin runs the investing group The Aerospace Forum, whose goal is to discover investment opportunities in the aerospace, defense and airline industry. With a background in aerospace engineering, he provides analysis of a complex industry with significant growth prospects, and offers context to developments as they occur, describing how they might affect investment theses. His investing ideas are driven by data informed analysis. The investing group also provides direct access to data analytics monitors. Learn more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Comments (12)

@Dhierin Bechai Interesting drop, fits the Q1 results thought. I had trimmed at $16, wish I had trimmed more but so it goes. I would add shares around the $10 level. With patience and cost averaging one can take advantage of the cyclicality in this stock.
sts66 profile picture
@Catskills1 Add at $10 when it's currently at $7.41?
@sts66 Sorry, I was talking about ERJ, should have been clearer. Was talking with the author about ERJ below.
Reminds me of a very old riddle:
How do you make a small fortune in aviation?

Start with a large one.
@Dhierin Bechai Not in EVEX, but large position in ERJ. Pretty risky play for ERJ, given their difficulties expanding production and profits. I would have rather seen ERJ put any EVEX investment in a new jet factory instead, to start to fill all those back orders.
Dhierin Bechai profile picture
@Catskills1 They are completely different fields though. Even if Embraer would build a new factory, they still face supply chain constraints and their E-2 backlog is not extremely high or at least not to the extent it warrants investment in a new factory
@Dhierin Bechai -

Thanks for the analysis - would appreciate at least some comparison to the other companies in the sector - any thoughts on Joby or EVTL?
Dhierin Bechai profile picture
@JackCr Thank you for reading. I am expanding my eVTOL coverage, but that takes time.
sts66 profile picture
@JackCr My thoughts exactly - I've been looking at JOBY for a while now - IIRC they're in a better cash position than EVEX, but I don't think they have many (or any) hard orders, meaning no $8B backlog. However, they are way ahead of EVEX in the FAA certification process, they will be the first to fly - maybe make a spec bet on both?

I believe JOBY just filed for an additional funding round......

Blade BLDE is also interesting, as is KITT - are you familiar with them?

And KITT may have the most immediate potential in this space......
bazooooka profile picture
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