10 Hottest Stocks: What’s Fueling Their Rise

8. Joby Aviation Inc. (JOBY)

Joby Aviation (JOBY) registered a 10.9-percent growth in its share price on Thursday to finish the day at $9.16 apiece from the $8.26 close on Tuesday. Year-to-date, the company saw its share price grow by nearly 50 percent.

Analysts pointed to the innovative flying machines, also known as flying taxis, as having perked up the company’s performance, with Joby one of the firms at the forefront of the said technology.

The foundation for air taxis is currently being laid out. In October this year, the Federal Aviation Administration (FAA) released its final Special Federal Aviation Regulation (SFAR) on powered-lift pilot certification and operation which will pave the way for the widespread use of air taxis.

According to Joby, it plans to conduct its first initial flight in Dubai in the first half of 2025, with full commercial operations targeted in the second half of next year.