EVE News & Events

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.

Goldman Sachs analyst Anthony Valentini initiated coverage of Eve Holding with a Neutral rating and $4.84 price target. The firm says that Eve is the furthest away from certification in the U.S. in the electric vertical take-off and landing. As such, it prefers other companies in the sector.

EVe Mobility Acquisition announced that on October 16, the company received a written late extension request acceptance letter from the NYSE because it is not in compliance with the continued listing standards of the NYSE American. Specifically, the company has not met the requirements set forth in Sections 134 and 1101 of the NYSE American Company Guide due to its delayed filings of the Form 10-K for the year ended December 31, 2023, and its Form 10-Qs for the periods ended March 31 and June 30. In compliance with Sections 402 and 1009(e) of the NYSE American Company Guide, the company is issuing this press release to inform its shareholders that its listing is being continued under an extension, with a targeted completion date of December 14.