Horizon Aircraft, operating under the name New Horizon Aircraft (HOVR, Financial), has formed a strategic partnership with ZeroAvia to advance the development of regional hydrogen-electric VTOL air travel. The collaboration focuses on exploring zero-emission electric vertical take-off and landing (eVTOL) power systems. A key aspect of this venture is the potential evaluation of ZeroAvia’s ZA600 hydrogen-electric powertrain for use in the Cavorite X7, which is Horizon Aircraft's innovative fan-in-wing eVTOL design.
In addition to examining the integration possibilities of ZeroAvia’s technology, this partnership aims to accelerate research into crucial infrastructure and certification protocols. These efforts are essential to facilitate a zero-emission pathway for Horizon Aircraft's operations and to pave the way for more sustainable regional air travel solutions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for New Horizon Aircraft Ltd (HOVR, Financial) is $1.91 with a high estimate of $2.48 and a low estimate of $1.25. The average target implies an upside of 20.22% from the current price of $1.59. More detailed estimate data can be found on the New Horizon Aircraft Ltd (HOVR) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, New Horizon Aircraft Ltd's (HOVR, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
