11 Reddit Stocks with Biggest Upside Potential

3. Archer Aviation Inc. (NYSE:ACHR)

Average Upside Potential as of November 11: 100.22%

Archer Aviation Inc. (NYSE:ACHR) designs and develops a fully electric vertical takeoff and landing eVTOL aircraft for use in UAM (Urban Air Mobility) networks. This means that these aircraft can take off and land vertically, and they’re meant to be used in a network of air travel routes. It is creating an electric airline that moves people throughout cities in a sustainable, and cost-effective manner.

The Federal Aviation Administration (FAA) recently made significant progress in regulating electric air taxis, paving the way for their commercial launch in the US by 2025. This is a major step forward for the future of urban air mobility. Archer Aviation Inc. (NYSE:ACHR) has been working closely with the FAA to certify its Midnight aircraft, an eVTOL aircraft.

The company has already completed the initial stages of the certification process and is now focused on meeting the specific safety requirements set by the FAA. It’s also working with international regulators to expand its global reach. To support its production goals, It’s building a manufacturing facility in Georgia and plans to start production in early 2025.

With strong industry partnerships and continued innovation, the future of electric air taxis looks promising, and so this company becomes a promising investment.