Eve Holding Secures Major Funding for eVTOL Project

Eve Holding ( (EVEX) ) has issued an update.

On May 14, 2025, Eve Brazil entered into an Economic Grant Agreement with Finep, a Brazilian federal public company, to receive up to R$ 90,000,000.00 in funding for a project aimed at advancing eVTOL technology in Brazil. This agreement requires Eve Brazil to contribute its own resources and allows for the use of funds over a 36-month period, potentially impacting the company’s operations and positioning in the urban air mobility market.

The most recent analyst rating on (EVEX) stock is a Buy with a $5.50 price target. To see the full list of analyst forecasts on Eve Holding stock, see the EVEX Stock Forecast page.

Spark’s Take on EVEX Stock

According to Spark, TipRanks’ AI Analyst, EVEX is a Neutral.

Eve Holding’s overall stock score is driven by significant financial challenges, including no revenue and increasing losses. Despite a robust order backlog and progress in prototype development, the company faces substantial cash burn and financial instability. Technical indicators show some short-term potential, but the negative P/E ratio and lack of dividends highlight valuation concerns.

To see Spark’s full report on EVEX stock, click here.

More about Eve Holding

Eve Holding, Inc., through its subsidiary Eve Soluções de Mobilidade Aérea Urbana, Ltda. (Eve Brazil), operates in the urban air mobility industry, focusing on the development of electric vertical takeoff and landing (eVTOL) technology to transform sustainable and accessible air mobility ecosystems.

Average Trading Volume: 228,816

Technical Sentiment Signal: Hold

Current Market Cap: $1.44B

For detailed information about EVEX stock, go to TipRanks’ Stock Analysis page.