Liberty Street Advisors Acquires $28.19M in BETA Technologies Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Fool
- New Position Disclosure: On January 23, Liberty Street Advisors, Inc. disclosed a new position by acquiring 999,202 shares of BETA Technologies, valued at approximately $28.19 million, indicating strong conviction in the company's future prospects.
- Asset Allocation Shift: This acquisition positions BETA Technologies to represent 47.15% of Liberty Street Advisors' reportable assets under management, highlighting the fund's focus on the electric aviation sector.
- Financial Performance Highlight: BETA Technologies reported quarterly revenue of $8.9 million, nearly tripling year-over-year, driven by defense services and earlier-than-expected motor deliveries, showcasing significant growth potential.
- Strategic Investment Support: The company secured a $300 million strategic equity investment from GE Aerospace, further validating its technology roadmap, while holding a backlog of 891 aircraft valued at $3.5 billion, enhancing confidence in future growth.
Analyst Views on BETA
Wall Street analysts forecast BETA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BETA is 36.17 USD with a low forecast of 30.00 USD and a high forecast of 42.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
6 Buy
1 Hold
0 Sell
Strong Buy
Current: 25.180
Low
30.00
Averages
36.17
High
42.00
Current: 25.180
Low
30.00
Averages
36.17
High
42.00
About BETA
Beta Technologies, Inc. designs, manufactures and sells high-performance electric aircraft, advanced electric propulsion systems, charging systems and components. The Company develops electric aircraft, their critical systems and components (such as motors and batteries) and ground service equipment (GSE) to charge them. Its aircraft products include ALIA CTOL (CX300), ALIA VTOL (A250), ALIA Defense VTOL (MV250), and Larger Aircraft. ALIA CTOL (CX300) is designed for all-weather deployment and reliability. Its CTOL aircraft transports six people or 200 cubic feet of cargo plus two crew members on missions of up to approximately 215 nautical miles. The ALIA VTOL (A250) is a vertical takeoff and landing aircraft, allowing it to operate from locations with or without runway access. The Company sells its motors to both established aerospace and defense original equipment manufacturers as well as new market entrants designing electric aircraft.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
