Archer Aviation (ACHR) Stock Today, November 26, 2025: New Share Offering, FAA Progress and Fresh Institutional Buying

Archer Aviation Inc. (NYSE: ACHR) is back in focus today, 26 November 2025, as its share price edges higher while investors digest a new stock issuance, fresh commentary on its FAA certification path, and signs of continuing institutional interest.

As of the latest trade on Wednesday, Archer Aviation stock is changing hands at $7.55, up about 2.2% on the day, after opening at $7.38 and trading between roughly $7.22 and $7.57. ^[1]

Below is a deep dive into what moved ACHR today and how it fits into the bigger eVTOL and air‑taxi story investors are betting on.

ACHR stock price today: stabilising after a sharp 2025 slide

Archer’s move higher today comes against a much rougher backdrop for 2025 overall. Recent coverage has noted that the stock is down around 30% year‑to‑date, despite a steady drumbeat of partnership announcements and flight‑testing milestones. ^[2]

Key trading and valuation context:

Price today: about $7.55 per share. ^[3]
52‑week range: roughly $5.48 to $14.62, highlighting just how volatile sentiment has been around the eVTOL theme. ^[4]
Market cap: roughly $4.8–5.0 billion, depending on the exact share count used. ^[5]
Trading volume today: over 17 million shares, indicating elevated interest relative to many quieter sessions.

Today’s bounce is modest compared with the stock’s drawdown since early‑year highs, but it shows investors are still willing to accumulate shares on news — even when that news includes more dilution.

New 1.52 million share issuance: modest dilution, strategic licensing

The biggest hard news item today is regulatory: Archer filed a prospectus supplement and Form 8‑K with the U.S. Securities and Exchange Commission relating to a new stock issuance. ^[6]

What did Archer announce?

According to the 8‑K filed with the SEC:

On November 26, 2025, Archer filed a prospectus supplement under its existing Form S‑3 shelf registration (No. 333‑284812).
The filing covers 1,517,618 newly issued shares of Class A common stock (par value $0.0001 per share). ^[7]
The shares were issued pursuant to a license agreement dated November 24, 2025 with certain licensing parties (the “Licensor”). ^[8]

Trading desks, platforms like Investing.com, and outlets such as TradingView and StreetInsider all highlighted the 1.5+ million‑share issuance under a licensing deal, flagging it as part of Archer’s continuing use of equity to fuel its growth strategy. ^[9]

How big is the dilution?

Different data providers quote slightly different current share counts, but recent statistics put Archer’s shares outstanding in roughly the 650–730 million range. ^[10]

On that base:

The new 1.52 million shares represent around 0.2% incremental dilution — small in percentage terms, though still additive in a story already defined by rising share count.

A recent analysis from TipRanks emphasised that Archer has significantly increased its outstanding shares — by about 171% since going public in 2021 — and is likely to continue using equity to fund aircraft development, facilities and technology. ^[11]

Why this issuance matters

Today’s move is noteworthy for a couple of reasons:

Structure: Because the shares were issued under a license agreement, this looks less like a simple cash raise and more like Archer paying in stock for access to intellectual property, technology, or other strategic rights. ^[12]
Pattern: It continues a pattern of equity‑funded growth. Earlier this month, financial media reported that Archer completed roughly a $650 million equity raise linked to its planned acquisition of Los Angeles’ Hawthorne Airport, which is set to be a major air‑taxi hub and AI testbed. ^[13]

For investors, the message is clear: Archer is leaning heavily on the public equity markets and share‑based deals to build out its eVTOL ecosystem — which may pay off if the business scales, but will almost certainly mean more dilution along the way.

FAA certification update: progress, but a long runway ahead

On the analysis side, a new article from The Motley Fool, syndicated via Nasdaq this morning, took a fresh look at Archer’s FAA certification progress and what it means for the stock. ^[14]

Where Archer stands with the FAA

The Federal Aviation Administration requires Archer to clear four separate approvals before it can launch large‑scale commercial air‑taxi operations in the U.S.:

Maintenance and repair certificate
Air carrier & operator certificate
Type certification for its eVTOL aircraft (covering design, airworthiness criteria, compliance and flight testing)
Production certification for manufacturing

According to today’s analysis:

Archer has already secured the maintenance/repair and air‑carrier certificates.
Its type certificate has passed the airworthiness criteria phase and is now in the more demanding compliance phase, with final flight tests ahead.
Production certification remains in progress. ^[15]

The article notes that some analysts do not expect full type certification until around 2028, although the FAA’s new eVTOL Integration Pilot Program, launched in September, could accelerate the timeline by allowing supervised test flights with key airline customers. ^[16]

Financial backdrop: high burn, big backlog

The same piece and Archer’s own Q3 results outline a familiar but stark picture:

Analysts don’t expect meaningful revenue in 2025, with Archer’s net loss projected to widen to about $605–723 million as development spending ramps. ^[17]
Archer ended Q3 2025 with roughly $1.64 billion in cash, cash equivalents and short‑term investments, giving it a multi‑year runway at current burn levels. ^[18]
The company is still highlighting a $6 billion+ order backlog, including commitments or preliminary orders from United Airlines, the U.S. Air Force, and international partners. ^[19]

However, The Motley Fool also points out that the stock currently trades at high sales multiples based on future revenue estimates — about 85× next year’s sales and 17× 2027 sales, underscoring how much of today’s valuation is built on expectations rather than current earnings power. ^[20]

The big takeaway from today’s certification piece: a successful FAA outcome could be transformational for Archer, but it will not, on its own, solve issues like cash burn, competition or legal risk.

Institutional buying and Wall Street views: “Moderate–Strong Buy,” with caveats

Another fresh data point today comes from MarketBeat, which highlighted new institutional buying of ACHR in a report dated November 26. ^[21]

Cetera Investment Advisers steps up

Per that filing‑based note:

Cetera Investment Advisers increased its stake in Archer by 16.6% in Q2, purchasing 53,135 additional shares.
Cetera now owns 374,059 shares, or about 0.07% of the company, valued at roughly $4.06 million at the time of the report. ^[22]

The article also lists a series of smaller but steady position increases from other wealth managers and advisors, and estimates that about 59% of Archer’s stock is now held by institutions. ^[23]

Analysts remain generally positive

MarketBeat and TipRanks both show broadly bullish — though not unanimous — analyst sentiment:

MarketBeat:
- 7 Buy ratings, 1 Hold, 1 Sell
- Consensus rating: “Moderate Buy”
- Average price target:$12.71, implying roughly 69% upside from today’s ~$7.55 share price. ^[24]
TipRanks:
- Classifies Archer as a “Strong Buy” based on five recent analyst ratings
- Shows an average price target of $12.40, implying around 60–70% potential upside from current levels. ^[25]

On the other hand, some services remain more skeptical. For example, one long‑running quantitative rating at Barron’s has labelled Archer a “Sell” for several years, describing the stock as a highly speculative bet. ^[26]

Adding to the mix, Investor’s Business Daily recently reported that Cathie Wood’s ARK Innovation ETF bought more than 971,000 Archer shares, lifting its stake to just over 20.2 million shares and making ACHR roughly 2% of the flagship fund. ^[27]

Overall, Wall Street’s message is: high risk, high reward — and opinions differ on which side dominates.

Strategic deals: Saudi “sandbox,” UAE flights and defense with Anduril

While today’s headline is the share issuance, Archer’s investment story is increasingly tied to a web of global partnerships announced over the past few weeks.

Saudi Arabia: PIF’s Helicopter Company and Red Sea Global

On November 19, Archer announced that The Helicopter Company (THC) — owned by Saudi Arabia’s Public Investment Fund (PIF) — has selected Archer’s Midnight aircraft to help launch an eVTOL air‑mobility network in the Kingdom, in partnership with Red Sea Global. ^[28]

Key elements of that deal:

Creation of a “sandbox framework” in Saudi Arabia to test and validate advanced air‑mobility operations under close regulatory oversight.
Joint work by Archer, THC, Red Sea Global and Saudi regulators to run real‑world test flights, assessing performance, passenger acceptance and infrastructure needs. ^[29]

UAE and Asia: Abu Dhabi flights and airline partnerships

Archer’s Q3 investor update also highlighted:

Ongoing Midnight test and demonstration flights in Abu Dhabi, supported by its “Launch Edition” program in the UAE.
Progress toward in‑country certification in the UAE to allow commercial passenger flights.
Selection as exclusive air‑taxi partner for Korean Air in South Korea, and eVTOL projects in Osaka and Tokyo through a partnership with Japan Airlines and Sumitomo’s joint venture Soracle. ^[30]

Defense tech: supplying powertrains for Anduril’s Omen drone

A detailed report from The Air Current this week explained how Archer has also become a supplier to defense‑tech firm Anduril Industries, providing electric motors and batteries for Anduril’s new hybrid‑electric Omen drone, which was showcased at the Dubai Airshow. ^[31]

The article notes:

The UAE’s Edge Group is contributing nearly $200 million to Omen’s three‑year development program, with a commitment to buy the first 50 systems. ^[32]
Archer’s supplier agreement with Anduril is separate from their previous collaboration on a hybrid‑electric military aircraft, extending Archer’s reach beyond air taxis into defense hardware. ^[33]

These deals matter because they hint at diversified revenue streams — tourism, urban mobility, and defense — if Archer can deliver on its technology and certification promises.

Legal turbulence: Joby’s new trade‑secret lawsuit

One important risk factor overshadowing today’s otherwise upbeat headlines is legal.

On November 19, Joby Aviation filed a trade‑secrets lawsuit against Archer in California state court. A legal analysis published November 24 describes the case as the latest escalation in the “eVTOL IP wars.” ^[34]

According to that report:

Joby alleges that a former Joby executive who joined Archer brought over confidential business strategy, partnership and design information, which Archer then allegedly used to undercut Joby in a real‑estate development deal. ^[35]
This is not Archer’s first IP fight: Wisk Aero, backed by Boeing, brought similar trade‑secret and patent claims in 2021. That case was settled in 2023, with Boeing ultimately making a significant investment in Archer. ^[36]

While it’s far too early to know how the new Joby case will play out, it adds another layer of uncertainty. IP litigation in emerging tech industries can result in costly settlements, injunctions, or distracting discovery — even when defendants ultimately prevail.

Key numbers to watch after today’s news

For investors tracking ACHR after today’s developments, a few metrics stand out:

Share price: ~$7.55
Market cap: roughly $4.8–5.0 billion ^[37]
Recent share issuance: 1,517,618 new Class A shares under a licensing agreement (~0.2% dilution) ^[38]
Cash & short‑term investments (Q3 2025): about $1.64 billion ^[39]
Q3 2025 net loss: roughly $129.9 million; Adjusted EBITDA loss ≈ $116.1 million ^[40]
Q4 2025 guidance: Adjusted EBITDA loss of $110–140 million ^[41]
Institutional ownership: roughly 59% of outstanding shares, with insiders holding about 7–8% ^[42]
Analyst consensus target: around $12–13 per share, implying ~60–70% upside from current levels, albeit with high uncertainty. ^[43]

What today’s news means for Archer Aviation stock

Putting it all together, here’s how today’s developments stack up for ACHR bulls and bears.

The bullish view

Small, strategic share issuance: Today’s 1.52 million‑share issuance is tiny relative to the total float and appears tied to a license deal, reinforcing the idea that Archer can use stock for strategic partnerships rather than just plugging cash holes. ^[44]
Global momentum: Recent deals in Saudi Arabia, the UAE, Korea, and Japan, plus the Anduril defense supply agreement, show real demand from governments, airlines and defense customers. ^[45]
Regulatory progress: Clearing two of four FAA approvals and entering the compliance phase for type certification suggests real movement toward commercial operations, even if the final milestone is still years away. ^[46]
Institutional and ETF support: New buying from Cetera and continued conviction from ARK Invest give some investors confidence that sophisticated players see long‑term upside. ^[47]

The bearish (or cautious) view

Ongoing dilution: Even if today’s issuance is small, it comes on top of a share count that has already more than doubled since Archer went public. Further equity raises are likely as losses continue. ^[48]
No current revenue: Despite a multibillion‑dollar backlog, Archer still generates effectively no sales and burns hundreds of millions of dollars per year. ^[49]
Rich valuation: At 80×–85× projected near‑term sales and high multiples even on 2027 estimates, Archer’s stock price already bakes in a lot of success. Any certification delays, technical issues or macro shocks could pressure the shares. ^[50]
Legal and competitive risk: The new Joby lawsuit underscores the IP minefield around eVTOL technology, while rivals like Joby and Wisk are also pushing aggressively for first‑mover advantage. ^[51]

Bottom line: a classic high‑risk, high‑reward story

For short‑term traders, today’s modest bounce reflects relief that the new share issuance is relatively small, combined with renewed interest sparked by fresh FAA commentary and institutional‑ownership headlines.

For long‑term investors, Archer remains a speculative, long‑duration bet on urban air mobility, defense applications and advanced electric aircraft:

If Archer can secure FAA and international certifications, scale production of its Midnight eVTOL, and convert its $6 billion backlog into revenue, today’s valuation could eventually look justified — or even cheap. ^[52]
If certification timelines slip, costs overshoot, or competitors (and lawsuits) slow its momentum, the combination of high burn and continued dilution could be painful for shareholders.

As always, anyone considering ACHR should weigh their risk tolerance, time horizon, and portfolio diversification carefully. This article is for informational purposes only and does not constitute financial or investment advice.

Trade Tracker: Josh Brown buys Joby Aviation and Archer Aviation

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