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Canaccord Genuity Launches Vertical Aerospace (EVTL) Coverage with Pending Recommendations

Fintel reported that on June 9, 2023, Canaccord Genuity started Vertical aerospace range (New York Stock Exchange: EVTL) with possession recommendation.

Analyst Price Prediction Suggests 88.89% Rise

1 year average as of June 2, 2023 target price For vertical aerospace it is 3.57. The forecast ranges from a low of $3.03 to a high of $4.20. The average target price is up 88.89% from the latest reported closing price of 1.89%.

see our corporate leaderboard The target price has the most upside potential.

The expected annual revenue for the vertical aerospace industry is 0MM, or a ±% decrease.Non-GAAP Annual Forecast EPS -0.49.

What is Fund Sentiment?

there is 34 fund or agency reporting positions Vertical aerospace field. This is unchanged from the previous quarter.Portfolio average weight out of all funds EVTL dedicated was 0.08%, down 52.33%. Total shares owned by institutional investors increased by 68.13% over the past three months to 6,016,000 shares. of put/call ratio The EVTL value is 0.12, indicating a bullish outlook.

What are other shareholders doing?

Shares held by each institution of EVTL/Vertical Aerospace Ltd

Invesco holds 5,494,000 shares representing a 2.56% ownership interest in the company. Earlier filings reported that the company owned 3,043,000 shares. will increase 44.62%.office increased The portfolio’s allocation to EVTL increased by 7.55% quarter-on-quarter.

PBW – Invesco Wilder Hill Clean Energy ETF owns 3,042,000 shares, representing 1.42% of the company. Earlier filings reported that the company owned 2,117,000 shares. will increase 30.40%.office Diminished Portfolio allocation in EVTL increased by 38.29% quarter-on-quarter.

group one trading owns 100,000 shares representing a 0.05% ownership interest in the company. Earlier filings reported that the company owned 0,000 shares. will increase 100.00%.

bank of america owns 71,000 shares representing a 0.03% ownership interest in the company. Earlier filings reported that the company owned 156,000 shares. Decrease 118.92%.office Diminished Portfolio allocation in EVTL increased by 93.43% quarter-on-quarter.

Occudo’s Quantitative Strategy owns 48,000 shares representing a 0.02% ownership interest in the company. Earlier filings reported that the company owned 12,000 shares. will increase 75.64%.office increased Portfolio allocation in EVTL increased 99.69% quarter-on-quarter.

Vertical Aerospace Background Information
(This description was provided by us.)

Vertical aerospace is the forerunner of electric aircraft. The company was founded in his 2016 by prominent entrepreneur Stephen Fitzpatrick, best known as the founder of Ovo Group, a leading energy and technology group and Europe’s largest independent energy retailer. Over the past five years, Vertical has focused on building the most experienced senior team in his eVTOL industry. Together, the team has over 1,700 years of engineering experience and has qualified and supported over 30 different commercial and military aircraft and propulsion systems. The vertical’s top-tier partner ecosystem is expected to de-risk the journey to execution and certification, enable a lean cost structure, and enable large-scale production. Vertical has accepted conditional pre-orders for up to 1,350 aircraft in total from American Airlines, Avolon, Bristol Airways and Ivelojet, including conditional pre-order options from Virgin Atlantic and Marubeni. and in doing so create multiple short-term viable possibilities. Route to market.

This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

Summarize this content to 100 words

Fintel reported that on June 9, 2023, Canaccord Genuity started Vertical aerospace range (New York Stock Exchange: EVTL) with possession recommendation. Analyst Price Prediction Suggests 88.89% Rise 1 year average as of June 2, 2023 target price For vertical aerospace it is 3.57. The forecast ranges from a low of $3.03 to a high of $4.20. The average target price is up 88.89% from the latest reported closing price of 1.89%.

see our corporate leaderboard The target price has the most upside potential. The expected annual revenue for the vertical aerospace industry is 0MM, or a ±% decrease.Non-GAAP Annual Forecast EPS -0.49. What is Fund Sentiment? there is 34 fund or agency reporting positions Vertical aerospace field. This is unchanged from the previous quarter.Portfolio average weight out of all funds EVTL dedicated was 0.08%, down 52.33%. Total shares owned by institutional investors increased by 68.13% over the past three months to 6,016,000 shares. of put/call ratio The EVTL value is 0.12, indicating a bullish outlook. What are other shareholders doing? Invesco holds 5,494,000 shares representing a 2.56% ownership interest in the company. Earlier filings reported that the company owned 3,043,000 shares. will increase 44.62%.office increased The portfolio’s allocation to EVTL increased by 7.55% quarter-on-quarter. PBW – Invesco Wilder Hill Clean Energy ETF owns 3,042,000 shares, representing 1.42% of the company. Earlier filings reported that the company owned 2,117,000 shares. will increase 30.40%.office Diminished Portfolio allocation in EVTL increased by 38.29% quarter-on-quarter.

group one trading owns 100,000 shares representing a 0.05% ownership interest in the company. Earlier filings reported that the company owned 0,000 shares. will increase 100.00%. bank of america owns 71,000 shares representing a 0.03% ownership interest in the company. Earlier filings reported that the company owned 156,000 shares. Decrease 118.92%.office Diminished Portfolio allocation in EVTL increased by 93.43% quarter-on-quarter. Occudo’s Quantitative Strategy owns 48,000 shares representing a 0.02% ownership interest in the company. Earlier filings reported that the company owned 12,000 shares. will increase 75.64%.office increased Portfolio allocation in EVTL increased 99.69% quarter-on-quarter. Vertical Aerospace Background Information(This description was provided by us.)
Vertical aerospace is the forerunner of electric aircraft. The company was founded in his 2016 by prominent entrepreneur Stephen Fitzpatrick, best known as the founder of Ovo Group, a leading energy and technology group and Europe’s largest independent energy retailer. Over the past five years, Vertical has focused on building the most experienced senior team in his eVTOL industry. Together, the team has over 1,700 years of engineering experience and has qualified and supported over 30 different commercial and military aircraft and propulsion systems. The vertical’s top-tier partner ecosystem is expected to de-risk the journey to execution and certification, enable a lean cost structure, and enable large-scale production. Vertical has accepted conditional pre-orders for up to 1,350 aircraft in total from American Airlines, Avolon, Bristol Airways and Ivelojet, including conditional pre-order options from Virgin Atlantic and Marubeni. and in doing so create multiple short-term viable possibilities. Route to market.

This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

https://www.nasdaq.com/articles/canaccord-genuity-initiates-coverage-of-vertical-aerospace-evtl-with-hold-recommendation Canaccord Genuity Launches Vertical Aerospace (EVTL) Coverage with Pending Recommendations

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