Beta Rises on Deal to Supply Eve Air Mobility

Dow Jones
5 hours ago

By Elias Schisgall

 

Beta Technologies shares rose after the aerospace company entered an agreement to supply electric pusher motors to Eve Air Mobility and received a buy rating from Bank of America.

The stock was up 9% to $28.59 in Tuesday afternoon trading. Shares have fallen nearly 21% since the company debuted on the New York Stock Exchange with a $1 billion valuation early last month.

Eve Motors said that the agreement represents a potential 10-year collaboration worth up to $1 billion for Beta. The deal was made after testing and evaluating Beta's motors in its aircraft prototype.

Bank of America and Morgan Stanley initiated coverage of Beta on Monday, with Bank of America giving the stock a buy rating.

Beta's development of two all-electric aircraft and proprietary battery modules, as well as the company's strategy of pursuing component-by-component certification with the Federal Aviation Administration helped lead to Bank of America's rating, analyst Ronald Epstein said.

Morgan Stanley put the stock as overweight, with analyst Kristine Liwag forecasting FAA certification of its two aircraft in 2027.

"Beta is akin to a young Tesla, but with a more attractive endmarket of Aerospace, which has higher barriers to entry than Autos," Liwag said in a note.

Over time, once Beta secures its FAA certification, the discount may erode and the stock could trade at a premium, she said.

 

Write to Elias Schisgall at elias.schisgall@wsj.com

 

(END) Dow Jones Newswires

December 02, 2025 14:33 ET (19:33 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10