Eve Holding announces additional $35 million for eVTOL development, shares rise

Eve Holding

02/12/2024 12:37

** Shares of electric aircraft maker Eve Holding Inc
 EVEX.N  up 4% at $4 premarket
    ** EVEX announced $35 million fund from Brazil's National
Development Bank (BNDES) for electric vertical take-off and
landing aircraft (eVTOL) development
    ** EVEX had earlier on Oct. 15 obtained an $88 mln loan from
BNDES to fund the development of its first production facility
    ** 6 of 9 brokerages rate the stock "buy" or higher, 3
"hold"; their median PT is $5.50 - LSEG data
    ** Up to last close, stock down ~43% YTD

 (Reporting by Anshuman Tripathy)
 ((Anshuman.Tripathy@thomsonreuters.com))