The stock price of New Horizon Aircraft Ltd. (NASDAQ: HOVR) rose by 76.92% at the end of the most recent trading session, reaching $2.30. This spike was timed to the company’s planned participation in a major event later this month.
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Horizon Aircraft (HOVR), slated to participate in the 36th Annual Roth Conference at the Ritz Carlton Laguna Niguel in Dana Point, California on March 18 and 19, is well-positioned to take advantage of growth possibilities.
Investors will have one-on-one discussions with CEO Brandon Robinson, COO Jason O’Neill, and CFO Brian Merker throughout the event. Furthermore, the firm’s senior team will have a fireside conversation on March 19.
The first commercial passenger routes employing electric Vertical Takeoff and Landing (eVTOL) aircraft are expected to arrive soon, and this is exciting investors worldwide, according to a groundbreaking international poll conducted recently by Horizon Aircraft. Participating in this study were senior executives from globally renowned investment organizations, with a total asset under management over $1.787 trillion.
The Urban Air Mobility (UAM) industry is seeing a boom in optimism, according to the survey, with 40% of investors projecting the start of commercial UAM routes by 2026. Merely 4% of investors anticipate a delay that goes past 2030.
Moreover, the research underscores a consensus among 96% of professional investors regarding the imperative need for enhanced transportation systems to address global demand while mitigating environmental impacts.
This sentiment, coupled with technological advancements bolstering the safety and viability of eVTOLs, is expected to drive regulatory improvements and increase investments in the sector over the next five years. Notably, only a negligible 1% of investors express skepticism regarding increased investments in the eVTOL market.
Professional investors have highlighted key regulatory concerns within the eVTOL market, with information and communications networks, air traffic control, and security emerging as primary focus areas.
In response to market demand from various sectors such as medevac, business aviation, and commercial cargo, Horizon aims to produce the Cavorite X7, a manned seven-seat capacity hybrid electric eVTOL. This innovative aircraft design aligns with the company’s commitment to meeting evolving market needs while embracing sustainable aviation solutions.
