Vertical Aerospace and Héli Air Monaco Sign MoU for Valo Aircraft Pre-Order
Written by Emily J. Thompson, Senior Investment Analyst
Source: Businesswire
Updated: 1 day ago
0mins
Source: Businesswire
- New Chapter in Sustainable Aviation: Vertical Aerospace and Héli Air Monaco have signed a Memorandum of Understanding for the pre-order of the Valo electric aircraft, targeting regulatory certification with EU and UK authorities by 2028, marking a significant step towards sustainable air mobility in the French Riviera.
- Combining Environmental Protection with Premium Services: Valo will enable quiet, zero-emission flights connecting popular destinations like Monaco, Nice, Cannes, and Saint-Tropez, enhancing the region's luxury travel experience while preserving the environment.
- Innovative Design and Safety Standards: The Valo is designed to initially seat four passengers, expandable to six, and will meet Europe's 10-9 safety standard, setting a new benchmark for comfort in regional air travel, likely attracting more high-end clientele.
- Infrastructure Support and Future Outlook: The partnership is supported by Aéroports de la Côte d’Azur and Monaco Heliport to develop necessary infrastructure for Valo's future operations, promoting further advancements in electric aviation within the region.
EVTL.N$0.0000%Past 6 months

No Data
Analyst Views on EVTL
Wall Street analysts forecast EVTL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EVTL is 11.60 USD with a low forecast of 8.00 USD and a high forecast of 15.00 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.
Wall Street analysts forecast EVTL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EVTL is 11.60 USD with a low forecast of 8.00 USD and a high forecast of 15.00 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.
Current: 7.280

Current: 7.280

NULL -> Overweight
initiated
$8
Reason
Cantor Fitzgerald initiated coverage of Vertical Aerospace with an Overweight rating and $8 price target.
Overweight
initiated
$8
Reason
Cantor Fitzgerald initiated coverage of Vertical Aerospace with an Overweight rating and $8 price target. The stock in early trading is up 7c to $4.74. The company has a diversified order book, three different revenue streams, and the highest degree of safety in the electric vertical takeoff and landing aircraft group, the analyst tells investors in a research note. Cantor says Vertical's conditional pre-order book of over 1,500 aircraft is among the largest in the industry which could drive $6B in revenue over time. It believes the company's recently announced 1,000-mile hybrid-electric vertical takeoff and landing program aimed at defense, cargo and long-range commercial missions significantly expands its addressable markets beyond urban air taxis.
Needham initiated coverage of Vertical Aerospace with a Buy rating and $9 price target. The firm says Vertical Aerospace is a pure play electric vertical takeoff and landing manufacturer "getting minimal credit for gaining ground on industry leaders." The company's VX4 aircraft is closing the performance gap with recent piloted flight achievements while operating with more capital efficiency, the analyst tells investors in a research note. Needham sees shorter-term catalysts in regulatory approvals and flight milestones driving increased confidence in Vertical's longer-term opportunity.
Canaccord lowered the firm's price target on Vertical Aerospace to $11 from $13.50 and keeps a Buy rating on the shares. The firm updated its model following the completion of its $60M equity raise at $5 per share to refelct the dilution effect of the offering. Canaccord believes management still intends to attract a large strategic partner in the near term as the VX4 prototype completes additional test flights, which would facilitate additional capital raises in the future to support development efforts.
About EVTL
Vertical Aerospace Ltd. is a United Kingdom-based global aerospace and technology company, focused on electric aviation. The Company is focused on designing, manufacturing, and selling a zero-operating emission Electric Vertical Take-Off and Landing (eVTOL) aircraft for use in the advanced air mobility market. It is developing, and is progressing towards the certification of, its eVTOL, the VX4, which has undergone the first stages of its flight test campaign. Its VX4 is a piloted, four-passenger eVTOL aircraft, with zero operating emissions and traveling distances of up to 100 miles and achieving cruise speeds of 150 miles per hour. It is also developing a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the advanced air mobility market. It aims to sell globally certified eVTOL aircraft to a variety of customers, as well as providing both original equipment manufacturers (OEM) sales and aftermarket services to its customers.
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.