New Horizon Aircraft Stock (NASDAQ: HOVR)

New Horizon Aircraft (NASDAQ:HOVR) Stock, Quote.Headers.trade-ideas

New Horizon Aircraft

New Horizon Aircraft Ltd is an aerospace Original Equipment Manufacturer that is designing and aiming to build a next-generation hybrid electric vertical take-off and landing aircraft for the regional air mobility market. Its aircraft will offer a more efficient way to move people and goods at a regional scale, help to connect remote communities and advance its ability to deal with an increasing number of climate-related natural disasters such as wildfires, Floods and droughts. The company aims to deliver a hybrid electric 7-seat aircraft, called the Cavorite X7, that can take off and land vertically like and helicopter.

Pandemic Stock Trades Fuel Public Frustration

News

Movers

HOVR

New Horizon stock is trading higher on Monday after the company announced it received an $8.4 million investment from a strategic investor and aerospace supporter.

What&#39;s Going On With New Horizon Stock Monday?

Wall Street

Earnings

Equities

Eurozone

Commodities

Intraday Update

Markets

Trading Ideas

CERO

EFSH

FOXO

MNDY

RAPT

Dow Jumps Over 400 Points; Monday.com Shares Fall After Q3 Results

Nvidia, Palantir, Clover Health, Joby Aviation, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Pre-Market Outlook

AUTL

COIN

DWTX

DXYZ

FRES

JTAI

LICY

LWAY

MARA

PITA

REVB

SPPL

Why Revelation Biosciences Shares Are Trading Higher By Around 49%; Here Are 20 Stocks Moving Premarket

New Horizon Aircraft Ltd. - Class A Ordinary Shares

New Horizon Aircraft Ltd

Rosenblatt analyst Barton Crockett maintains Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) with a Buy and maintains $146 price target.

Price Target

Analyst Ratings

Rosenblatt Maintains Buy on Live Nation Entertainment, Maintains $146 Price Target

Light & Wonder Acquires Charitable Gaming Assets Grover Gaming And G2 Gaming For $850M

Matthews International Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MATW#NASDAQ">MATW</a>) announced on Monday that a U.S. District Court Judge rejected Tesla Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) renewed effort to prevent Matthews from selling its proprietary dry <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/g43765748/u-s-district-court-judge-once-again-denies-teslas-request-to-block-matthews-international-from-sel" rel="noreferrer noopener">battery electrode (DBE) technology.</a>
This decision, made on February 14, 2025, comes after a series of legal actions taken by Tesla to contest Matthews&#8217; operations involving its DBE solutions.
According to Matthews, the recent court ruling follows an arbitration win in early February that upheld Matthews&#8217; right to sell its DBE technology internationally.
On February 6, 2025, Matthews had already secured a favorable arbitration decision, confirming its ability to continue providing its battery technology to global customers.
Tesla then swiftly filed legal challenges in the U.S. District Court for the Northern District of California, but the court ruled in Matthews&#8217; favor, rejecting Tesla&#8217;s request for a temporary restraining order.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/25/02/43737860/coca-cola-pepsico-adjust-dei-policies-following-trump-executive-order-report" rel="noreferrer noopener">Coca-Cola, PepsiCo Adjust DEI Policies Following Trump Executive Order: Report</a>
Just hours after presenting the motion for a temporary restraining order before Judge Edward Davila in California, Tesla filed yet another lawsuit against Matthews in Federal Court.
Matthews stated that Tesla&#8217;s latest complaint filed in the U.S. District Court for the Northern District of California is meritless and appears to be nothing more than Tesla&#8217;s latest bullying tactic against Matthews.
The company plans to strongly defend its position and pursue additional legal actions against Tesla for what it perceives as wrongful conduct.
Matthews said it developed its DBE solutions more than 25 years ago. The company holds U.S. Patent No. 12,136,727 for the DBE technology.
Matthews began its relationship with Tesla in 2019 as a<a href="https://www.benzinga.com/markets/equities/24/06/39362657/tesla-sues-former-supplier-over-trade-secret-theft-seeks-1b-compensation-report" target="_blank" rel="noreferrer noopener"> supplier of manufacturing machinery</a>. Matthews said Tesla approached the company five years ago for engineering solutions and access to the company&#8217;s intellectual property and trade secrets.
Price Action: MATW shares closed higher by 3.04% at $25.73 on Friday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/top-stories/25/02/43732741/starbucks-plans-to-open-500-new-stores-in-middle-east-report" target="_blank" rel="noreferrer noopener">Starbucks Plans To Open 500 New Stores In Middle East- Report</a></li>
</ul>
Image via Shutterstock.

Legal

General

MATW

TSLA

Tesla Files Fresh Lawsuit Against Matthews After Court Defeat

WIIM

iQIYI shares are trading lower after the company missed Q4 revenue estimates.

GeneDx shares are trading higher after the company issued FY25 revenue guidance above consensus estimates.

Fluor shares are trading lower after the company missed Q4 earnings and revenue estimates.

NeoGenomics shares are trading lower after the company missed Q4 revenue estimates.

Watsco shares are trading higher after the company reported better-than-expected Q4 EPS and revenue.

Waystar Holding shares are trading higher after the company reported better-than-expected Q4 earnings and revenue.

Keefe, Bruyette &amp; Woods analyst Meyer Shields maintains Palomar Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLMR#NASDAQ">PLMR</a>) with a Outperform and raises the price target from $136 to $152.

PLMR

Keefe, Bruyette & Woods Maintains Outperform on Palomar Hldgs, Raises Price Target to $152

On Tuesday,&nbsp;Baidu, Inc&nbsp;(NASDAQ:&nbsp;BIDU) reported&nbsp;fiscal fourth-quarter&nbsp;revenue of $4.68 billion, down 2% year-on-year, topping the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/n43774309/baidu-announces-fourth-quarter-and-fiscal-year-2024-results" rel="noreferrer noopener">analyst&nbsp;consensus estimate of $4.56 billion</a>.&nbsp;
Baidu&#8217;s adjusted earnings per ADS&nbsp;of $2.63 beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $1.78</a>. The stock price slid after the report.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/43741255/applied-materials-navigates-china-slowdown-analysts-see-early-recovery-despite-soft-guidance" rel="noreferrer noopener">Applied Materials Navigates China Slowdown, Analysts See Early Recovery Despite Soft Guidance</a>
Segments:&nbsp;Baidu&#8217;s Core revenue grew by 1% year over year to $3.8 billion; Online marketing revenue declined by 7% year over year to $2.46 billion.
Non-online marketing revenue&nbsp;grew 18% year over year to&nbsp;$1.34 billion, driven by the AI Cloud business.&nbsp;AI Cloud business grew by 26% during the quarter.
Revenue from&nbsp;IQIYI, Inc&nbsp;(NASDAQ:&nbsp;IQ) decreased 14% year over year to $906.00 million, missing the analyst consensus estimate of $909.96 million.&nbsp;
Baidu&#8217;s SG&amp;A expenses were $915 million, up 14% year over year, primarily due to an increase in expected credit losses, channel spending, and promotional marketing expenses. R&amp;D expenses declined 12% year over year to $756 million.&nbsp;&nbsp;
Baidu&#8217;s adjusted EBITDA margin declined by 600 bps to 20%, and its Core adjusted EBITDA margin&nbsp;decreased by 600 bps to 24%. As of December 31, 2024, Baidu had $19.1 billion in cash and equivalents and generated $3 million in free cash flow during the quarter.&nbsp;
Co-founder and CEO Robin Li said 2024 marked a pivotal year in the company&#8217;s transformation from an internet-centric to an AI-first business. AI Cloud gained momentum, fueled by broad market recognition of its full-stack AI capabilities.
In the Mobile Ecosystem, Li noted that it was steadfast in advancing the AI transformation. Apollo Go paved the way for global expansion and scalable, asset-light strategies. Li expects its AI investments to deliver more significant results in 2025.
Baidu&nbsp;stock declined 8% in the last 12 months as its AI models failed to gain traction, like Alibaba Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), ByteDance, and DeepSeek. The Chinese search engine giant <a target="_blank" href="https://www.benzinga.com/markets/emerging-markets/25/02/43691826/not-just-deepseek-chinas-ai-landscape-heats-up-as-baidu-launches-free-ernie-bot" rel="noreferrer noopener">plans to launch</a> Ernie 5.0 in late 2025 and offer Ernie Bot free to all users. Baidu is also a key Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) partner as the latter aims to add AI features to its <a target="_blank" href="https://www.benzinga.com/government/regulations/25/02/43730124/apple-focuses-on-alibaba-baidu-partnership-in-race-to-bring-ai-features-to-china-by-mid-2025" rel="noreferrer noopener">iPhones for China</a>.
Price Action: BIDU stock traded lower by 2.29% at $95.25 premarket at the last check Tuesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/25/02/43739878/nvidia-shifts-strategy-boosts-weride-investment-trims-arm-stake" target="_blank" rel="noreferrer noopener">Nvidia Shifts Strategy, Boosts WeRide Investment, Trims Arm Stake</a></li>
</ul>
Photo by Sundry Photography via Shutterstock

Emerging Markets

Tech

AAPL

BABA

BIDU

Baidu Q4 Earnings: AI Cloud Grows, Margin Slides, Expects AI Investments To Bear Fruit In 2025

Fonar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FONR#NASDAQ">FONR</a>) reported quarterly earnings of $0.30 per share. This is a 44.44 percent decrease over earnings of $0.54 per share from the same period last year. The company reported $24.95 million in sales this quarter. This is a 1.72 percent decrease over sales of $25.39 million the same period last year.

FONR

Fonar Q2 EPS $0.30 Down From $0.54 YoY, Sales $24.95M Down From $25.39M YoY

Keefe, Bruyette &amp; Woods analyst Kyle Voigt maintains Robinhood Markets (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) with a Market Perform and raises the price target from $38 to $60.

HOOD

Keefe, Bruyette & Woods Maintains Market Perform on Robinhood Markets, Raises Price Target to $60

SMX Regains Full Nasdaq Compliance, Avoids Delisting Following Nasdaq Hearings Panel Decision

Keefe, Bruyette &amp; Woods analyst Bose George maintains First American Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FAF#NYSE">FAF</a>) with a Market Perform and raises the price target from $74 to $75.

Keefe, Bruyette & Woods Maintains Market Perform on First American Financial, Raises Price Target to $75

Macro Economic Events

Economics

SPDR Dow Jones Industrial Average ETF Trust

Major indexes are higher amid US-Russia talks.

PRZO

ParaZero Annonuces Completion Of Phase 1 Of DropAir Airdrop System With Israeli Ministry of Defense, Is Transitioning To Phase 2 Of Project

Keefe, Bruyette &amp; Woods analyst Bose George maintains Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) with a Outperform and lowers the price target from $72 to $71.

ESNT

Keefe, Bruyette & Woods Maintains Outperform on Essent Group, Lowers Price Target to $71

Biotech

Health Care

Opus Genetics Announced That The First Pediatric Patient Was Dosed In Its Ongoing Phase 1/2 Trial Of OPGx-LCA5, Its Investigational Gene Therapy For Leber Congenital Amaurosis. Opus Plans To Share Initial Data From The Pediatric Cohort By Q3 2025

Outlook
Regarding the Company's outlook, Mr. Hill said, "We carry solid momentum into 2025 and are well positioned to deliver another year of strong earnings growth and cash generation.&nbsp; Continued strength in public construction activity and our recent acquisitions support our expectations for volume growth in 2025. &nbsp;The pricing environment remains positive, and inflationary pressures continue to moderate.&nbsp; This backdrop, coupled with our Vulcan Way of Selling and Vulcan Way of Operating disciplines will lead to further expansion in our industry-leading aggregates cash gross profit per ton and value creation for our shareholders."
Management expectations for 2025 include:
<ul>
<li>A third consecutive year of double-digit year-over-year growth in Aggregates segment cash gross profit per ton ($10.61 in 2024)
<ul>
<li>Shipments growth of 3 to 5 percent (219.9 million tons in 2024)</li>
<li>Freight-adjusted price improvement of 5 to 7 percent ($21.08 in 2024); inclusive of over 100 basis points of negative mix impact from recent acquisitions</li>
<li>Low to mid-single digit increase in freight-adjusted unit cash cost (freight-adjusted price less segment cash gross profit per ton; $10.47 in 2024)</li>
</ul>
</li>
<li>Total Asphalt and Concrete segment cash gross profit of approximately $360 million ($272 million in 2024)
<ul>
<li>Relative contribution of approximately two-thirds from the Asphalt segment and one-third from the Concrete segment</li>
</ul>
</li>
<li>Selling, Administrative and General expenses of $550 to $560 million ($531 million in 2024)</li>
<li>Interest expense of approximately $245 million</li>
<li>Capital spending for maintenance and growth projects of $750 to $800 million</li>
<li>Depreciation, depletion, accretion and amortization expense of approximately $800 million</li>
<li>An effective tax rate of 22 to 23 percent</li>
<li>Net earnings attributable to Vulcan of $1.01 to $1.17 billion</li>
<li>Adjusted EBITDA between $2.35 and $2.55 billion (includes $150 million contribution from acquisitions)</li>
</ul>
&nbsp;
 &nbsp;

Guidance

Vulcan Materials Expects FY25 Adjusted EBITDA Of $2.35B-$2.55B, Net Earnings Attributable To Vulcan Of $1.01B-$1.17B

New Horizon Aircraft (NASDAQ: HOVR) Poised For Growth With Hybrid Aircraft Technology Amid Small-Cap Strength

A New Way To Fly – Combining The Best Of A Helicopter And An Airplane

Press Releases

Horizon Aircraft to Exhibit Hybrid eVTOL at the Japan International Aerospace Exhibition 2024

Horizon Aircraft to Participate in the 13th Annual Roth Technology Conference

Horizon Aircraft Simplifies Capital Structure with Mutual Termination of Forward Purchase Agreement with Meteora Capital

Financing

Horizon Aircraft Secures $8.4 Million Strategic Investment

Horizon Aircraft Announces Exercise of Warrants, Providing an Additional $2.7 Million in Gross Proceeds

Contracts

Horizon Aircraft Signs Letter of Intent with Discovery Air Chile Ltda., Expanding Global Presence of Cavorite X7 Hybrid eVTOLs

Horizon Aircraft Successful with Nasdaq Listing Requirements

Horizon Aircraft Bolsters Cavorite X7 Development with Top Propulsion Expert

HOVRW

Air Industries

AerSale

CPI Aerostructures

Innovative Solutions and Support, Inc. - Common Stock

Innovative Solns

Momentus

Optex Systems Holdings, Inc. - Common Stock

Optex Systems Hldgs

Park Aerospace

Satellogic Inc. - Class A Ordinary Shares

Satellogic

Sidus Space

SIFCO Industries

Safe Pro Group

Virgin Galactic Holdings, Inc. Common Stock

Virgin Galactic Hldgs

Silynxcom

VirTra

D. Boral Capital

EF Hutton

Screenshot 2024-10-04 at 11.53.52 PM

Interview

Screenshot 2024-09-18 at 5.40.21 PM

Movers & Shakers

Screenshot 2024-08-16 at 6.03.38 PM

Small Cap

NVDA

Investors Could Increase Exposure To Small- and Micro-Caps Over The Next Year: Research Published By New Horizon Aircraft (NASDAQ: HOVR)

Screenshot 2024-08-14 at 6.56.28 PM

UBER

Pilotless Planes Are Coming, But Not Just Yet, Says New Horizon Aircraft CEO

Screenshot 2024-07-16 at 6.26.21 PM

From Stage To Stage: How New Horizon Aircraft&#39;s eVTOLs Could Simplify Tour Logistics For Taylor Swift Sustainably

Screenshot 2024-07-10 at 3.04.06 PM

The Tesla Of The Skies? How One Company Could Be About To Change The Aviation Industry Forever

Screenshot 2024-06-28 at 7.01.02 PM

ACHR

The Future Of Air Mobility: Horizon Aircraft&#39;s Cavorite X7 Leading The Charge In eVTOL Innovation

Screenshot 2024-06-05 at 5.40.58 PM

Embraer-Empresa Brasileira De Aeronautica

On The Horizon: How One Company Plans To Use Its Innovative Aircraft Design To Revolutionize Regional Air Travel

Screenshot 2024-05-30 at 6.26.23 PM

JOBY

LILM

New Horizon Aircraft (NASDAQ: HOVR) Announces Key Technical Updates On Development Of eVTOL Prototype

Screenshot 2024-05-14 at 10.54.58 PM

Data Released From Key Technical Testing For This New Kind Of Aircraft

Comments

New Horizon Aircraft

New Horizon Aircraft (NASDAQ:HOVR) Stock, Quote.Headers.trade-ideas

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga