BETA surges after Amazon discloses stake

Beta Technologies

11/02/2026 15:33

Updates

** Shares of electric aircraft maker BETA technologies BETA.N rise more than 11% to about $19 in early trading

** Amazon AMZN.O on Tuesday reported stake of 11.8 million class A common shares in BETA, according to SEC filing

** Jefferies upgrades BETA's rating to "buy" from "hold", leaves PT unchanged at $30

** Brokerage sees new catalysts emerging for eVTOL sector, with BETA's pusher‑motor program on track for certification in first half of this year

** Median PT of eight brokerages covering stock is $38.5 - data compiled by LSEG

** Including session's moves, shares down 34% YTD

 (Reporting by Megavarshini G. Somasundaram and Apratim Sarkar in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))