JPMorgan Places Eve Holding on Positive Catalyst Watch Ahead of Prototype Flight

JPMorgan placed Eve Holding on "Positive Catalyst Watch" ahead of the company's ahead of the company's prototype's first flight, which is expected to occur in late 2025 or early 2026. JPMorgan thinks the event will prove an "important trigger for stock performance." Peers in the industry have rallied up to 40% on important milestone events, the analyst tells investors in a research note. JPMorgan says that while Eve's full-scale prototype flight will not contribute directly to certification, it "marks a significant de-risking milestone for engineering validation and parts supply." The firm has an Overweight rating on the shares.