Tapping Into Industrial Potential: New Horizon Aircraft’s Promise
The industrial sector has shown resilience with positive returns, though it lagged behind the S&P 500® in 2023, mainly due to the concentrated gains in a few mega-cap tech stocks. The sector’s broader opportunity is being driven by substantial investments in onshoring, infrastructure, and sustainability. These investments are set to fuel long-term growth, while any economic improvement could serve as a short-term catalyst for growth in various industrial segments, including commercial aerospace and utilities. New Horizon Aircraft Ltd. stands out as a compelling opportunity within this sector. Their innovative Cavorite X7, a hybrid electric eVTOL aircraft, embodies the future of regional air mobility. As the market for advanced air mobility expands—projected to reach up to $1 trillion by 2040—New Horizon’s cutting-edge technology positions it as a key player in capturing a significant share of this burgeoning industry. Some notable picks from the industrial sector, in addition to HOVR, include:-
V2X, Inc. (NYSE: VVX)
V2X, Inc. provides solutions and support to defense clients globally. It delivers integrated solutions across the operations and logistics, aerospace, training and technology markets to national security, defense, civilian and international clients. The company was founded in February 2014 and is headquartered in McLean, VA. -
Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER)
Bridger Aerospace Group Holdings, Inc. engages in the provision of aerial wildfire surveillance, relief and suppression, and aerial firefighting services using next-generation technology and environmentally friendly and sustainable firefighting methods. Its fleet includes Daher Kodiak 100, Twin Commander, Pilatus PC-12, DeHaviland Twin Otter 300, and De Havilland CL-415EAF. The company was founded by Timothy Sheehy and Matthew P. Sheehey in 2014 and is headquartered in Belgrade, MT. -
Coda Octopus Group, Inc. (NASDAQ: CODA)
Coda Octopus Group, Inc. engages in the developing, manufacturing, and marketing of subsea products. It operates through the Marine Technology Business (Products) and Marine Engineering Business (Services) segments. The Marine Technology Business segment develops solutions for subsea and underwater markets. The Marine Engineering Business segment supplies engineering services primarily to prime defense contractors. It also operates through the Americas, Europe, Australia or Asia, and Middle East or Africa geographical segments
Soaring Potential: The Expansive eVTOL Market
The eVTOL (electric Vertical Takeoff and Landing) industry represents a rapidly emerging segment within the transportation sector. Despite the current lack of commercially operational eVTOL networks, Morgan Stanley forecasts a staggering growth potential, estimating the market could reach between $1 trillion by 2040 and $9 trillion by 2050. This projection underscores the vast opportunities in both passenger and cargo air mobility. NASA’s 2021 Regional Air Mobility report reveals a critical inefficiency in the U.S. airport system, where only a fraction of airports handle the majority of travel. With many Americans living near small airports but facing long commutes to major hubs, there is a clear demand for improved regional travel solutions. The development of eVTOL aircraft promises to address these challenges, offering a more efficient, convenient alternative to road travel and unlocking new possibilities in regional connectivity.From Amphibious Dreams to eVTOL Innovation: Horizon Aircraft’s Journey
Founded in 2013, Horizon Aircraft initially aimed to develop an innovative amphibious aircraft. However, as advancements in electric motor and battery technologies became apparent, the company pivoted to a groundbreaking vision for hybrid eVTOL (electric Vertical Takeoff and Landing) aircraft. This shift led to the development of the Cavorite X-series, a 7-seat hybrid eVTOL. In June 2021, Horizon was acquired by Astro Aerospace Ltd. in an all-stock transaction. Yet, funding difficulties prompted a reversal, and Horizon was reacquired by its original shareholders in August 2022. Following the repurchase, Astro Aerospace Ltd. was revoked as a public entity. Horizon has since successfully raised funds to advance its development. The company has progressed from small-scale prototypes to a half-scale model with a 20-foot wingspan. This prototype has demonstrated promising hover and forward transition performance, exceeding initial expectations and paving the way for the full-scale Cavorite X7.Skyrocketing Potential: The Future of New Horizon Aircraft and Industrial Innovations
New Horizon Aircraft Ltd. stands out in the booming eVTOL market, with its Cavorite X7 poised to transform regional air mobility. As the eVTOL sector is projected to reach up to $9 trillion by 2050, New Horizon’s cutting-edge technology aligns perfectly with the industry’s expansive growth. Alongside, other industrial players like V2X, Bridger Aerospace, and Coda Octopus also present promising investment opportunities. The industrial sector’s ongoing innovations and strategic investments make it a dynamic area for growth, with New Horizon Aircraft leading the charge in shaping the future of transportation.Disclaimer: This report is for information purposes only and is neither a solicitation or recommendation to buy nor an offer to sell securities. Million News Media Inc. is not-a-registered-investment-advisor. Million News Media Inc. is not a broker-dealer. Information, opinions, and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Million News Media Inc., its wholly owned subsidiaries, websites and social media platforms accepts no liability for any losses arising from an investor’s reliance on the use of this material. Million News Media Inc. is compensated 4500 for coverage of New Horizon Aircraft Ltd (NASDAQ: HOVR) by AWARENESS CONSULTING NETWORK LLC. Million News Media Inc. and its affiliates or officers may purchase, hold, and sell shares of common stock of this stock, in the open market at any time without notice. Million News Media Inc. will not update its purchases and sales of this stock in any future postings on Million News Media Websites and social media channels including its own and other forums they may post. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words “may”, “would,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “intend,” “project,” and similar expressions and variations thereof are intended to identify forward-looking statements. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Million News Media Inc. does not set price targets on securities. Never invest in a stock discussed on this website or in this email alert unless you can afford to lose your entire investment.
