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Archer Aviation Pops Again. Can It Keep Gaining?

TheMotleyFool

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Archer Aviation Pops Again. Can It Keep Gaining?Photo, wide shot, wide-angle lens, Coal company, neutral atmosphere, photo by Galina Stepanova: https://img.theapi.app/temp/0e838f13-fa33-4583-92e9-bf3375dacf70.png

Archer Aviation (NYSE: ACHR) stock surged to close out 2024, and the electric vertical takeoff and landing (eVTOL) aircraft company is starting off 2025 on the right foot as well.

The stock jumped Friday morning, seemingly in response to reports that the U.S. could restrict Chinese drones, which would favor U.S. companies like Archer.

As of 10:53 a.m. ET, the stock was up 19.8% on the news.

Source Fool.com