5 $10 Stocks That Will Triple

3. Archer Aviation Inc. (NYSE:ACHR)

Number of Hedge Fund Holders: 22

Share Price as of February 26: $4.81

Archer Aviation Inc. (NYSE:ACHR) is an urban air mobility company specializing in the design, development, manufacturing, and operation of electric vertical takeoff and landing aircraft for passenger transportation. It is one of the stocks that will triple. 

On January 22, Archer Aviation Inc. (NYSE:ACHR) announced that it had entered into a Space Act Agreement with NASA, marking the start of a collaboration focused on studying high-performance battery cells for Advanced Air Mobility and space applications. NASA aims to test Archer’s battery cell and system design, contributing to advancements in the entire Advanced Air Mobility industry. Archer plans to deliver a high-performing battery pack for its Midnight electric air taxi, emphasizing safety and suitability for aerospace applications, including electric vertical takeoff and landing (eVTOL) aircraft and potential use in space. 

According to Insider Monkey’s fourth quarter database, 22 hedge funds were bullish on Archer Aviation Inc. (NYSE:ACHR), same as the prior quarter. 

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