BTIG assumes coverage on Eve Holding stock with Neutral rating

Investing.com - BTIG has assumed coverage on Eve Holding Inc. (NYSE:EVEX) with a Neutral rating, as announced on Tuesday. According to InvestingPro data, the stock has seen significant volatility, with a 135% return over the past year despite recent weakness, trading at $6.00 per share.

The research firm’s coverage transition comes from analyst Andrew Madrid, who takes over from previous analyst Marvin Fong who had maintained the same Neutral stance on the electric vertical takeoff and landing (eVTOL) aircraft manufacturer.

Eve Holding reported a second-quarter 2025 net loss of $64.7 million, reflecting ongoing investments in research and development and SG&A expenses as the company works toward bringing its eVTOL aircraft to market in 2027.

The company burned through $56.9 million in cash during the second quarter of 2025, but maintains $242.7 million in cash and cash equivalents, with total available capital of $375.5 million when including undrawn credit lines and a $16.5 million grant.

BTIG noted that while Eve believes its current capital position is sufficient to fund operations through 2026, significant milestones remain before the company’s aircraft receives type certification and the urban air mobility (UAM) market achieves widespread adoption. The company’s market capitalization stands at $1.81 billion, with analyst price targets ranging from $7 to $8 per share.

In other recent news, Eve Holding Inc. reported a net loss for the second quarter of 2025. The company’s earnings per share (EPS) came in at -0.21, falling short of analyst expectations, which had projected an EPS of -0.164. This resulted in a 28.05% negative surprise. The financial results highlight a challenging period for Eve Holding, as the company continues to navigate its financial landscape. The earnings report has drawn attention from investors and analysts alike, given the significant deviation from forecasts. These recent developments are crucial for stakeholders monitoring the company’s performance. As the company moves forward, the focus remains on how it will address these financial challenges.

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