Eve Holding (EVEX) is One of the Best Penny Stocks That Will Skyrocket

​Eve Holding, Inc. (NYSE:EVEX) is one of the Best Penny Stocks That Will Skyrocket. On February 11, Austin Moeller from Canaccord Genuity reiterated a Buy rating on the stock with a $7.5 price target. Earlier on February 10, Amit Dayal from H.C. Wainwright also reiterated a Buy rating on Eve Holding, Inc. (NYSE:EVEX) with a $8 price target.

​The positive ratings follow the company’s second binding order from AirX, announced on February 3. Eve Holding, Inc. (NYSE:EVEX) reported signing a binding order for up to 50 eVTOL planes, marking their first order from the Asia-Pacific region. Management noted that the deal entails two initial deliveries in 2029, with demand scalable to 50 planes. AirX will deploy these planes for urban routes like sightseeing and “last-mile” trips in Tokyo and Osaka, focusing on zero-emission, low-noise transport. Johann Bordais, chief executive officer at Eve Air Mobility, said,

​”Our first agreement in Asia-Pacific, achieved in partnership with AirX in Japan, is more than a milestone; it launches a new era that will redefine urban mobility.”

​Eve Holding, Inc. (NYSE:EVEX), operating as Eve Air Mobility, develops electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility missions. Its segments cover eVTOL design and global sales to operators, a full suite of support services like maintenance and training, and urban air traffic management software called Vector.

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Disclosure: None. This article is originally published at Insider Monkey.