7 Best Small-Cap Drone Stocks to Buy Now

3. Eve Holding, Inc. (NYSE:EVEX)

Market Capitalization: $1.45 Billion

No. of Hedge Fund Holders: 7

Eve Holding, Inc. (NYSE:EVEX) along with its subsidiaries provides urban air mobility solutions. The company is engaged in the design and production of eVTOLs, including material services, maintenance, technical support, training, ground handling, and data services. Eve also manages the development of urban air traffic management systems.

Eve Holding, Inc. (NYSE:EVEX) has completed the assembly of its full-scale engineering prototype and initiated testing, marking a new development era. The company plans to test the prototype in the first half of 2025. On December 12, 2024, Canaccord Genuity analyst Austin Moeller upgraded the price target to $7 from $6.75 and maintained a Buy rating on EVEX. The analyst remains bullish on EVEX following the company’s improved liquidity, which now sits at $445 million, allowing the company a three-year runway for cash consumption.

Eve Holding, Inc. has a pre-order backlog of almost 2,900 aircraft valued at $14.4 billion, reflecting the strong market demand and potential future revenue. The company has launched ‘Tech Care,’ an integrated service portfolio for maintenance, logistics, and training, improving customer support and operational efficiency. Eve Holding, Inc. (NYSE:EVEX) continues to expand its operations and the rising demand for eVTOLs makes it an attractive investment option.