Why These 15 Electric Vehicle Stocks Are Plunging in 2025

Page 8 of 14

7. Eve Holding Inc (NYSE:EVEX)

Number of Hedge Fund Holders In Q4 2024: 13

Eve Holding Inc (NYSE:EVEX) is an aerospace company specializing in Urban Air Mobility solutions.

The stock is down significantly so far in 2025 as Eve Holding announced delays in its eVTOL test flight program and Type Certification process. The company now expects to initiate flight tests by mid-2025. In turn, it pushed back timelines for revenue generation.

The company also projected a cash burn of $200 million to $250 million for 2025, significantly higher than the $141 million burned in 2024.

Plus, Eve reported a drop in its order book from approximately 2,900 units to 2,800 units by the end of Q4 2024. The company reported a net loss of $40.7 million for Q4 2024 and $138.2 million for the full year.

The consensus price target of $6 implies 79.1% upside.

EVEX stock is down 38.97% year-to-date.

Page 8 of 14