Horizon Aircraft Achieves Milestone with Cavorite X7 eVTOL

New Horizon Aircraft ( (HOVR) ) has provided an update.

On May 15, 2025, Horizon Aircraft announced a significant technical milestone with its Cavorite X7 eVTOL prototype achieving a stable transition to forward flight using a novel fan-in-wing design. This achievement positions the company among a select group of global firms that have reached this critical phase, showcasing the potential of their technology to disrupt the Regional Air Mobility market with enhanced safety and efficiency. The successful transition phase, devoid of complex mechanisms, highlights Horizon’s innovative approach and could have substantial implications for the eVTOL industry, offering safer and more reliable operations.

The most recent analyst rating on (HOVR) stock is a Buy with a $2.00 price target. To see the full list of analyst forecasts on New Horizon Aircraft stock, see the HOVR Stock Forecast page.

More about New Horizon Aircraft

Horizon Aircraft, trading as New Horizon Aircraft, is an advanced aerospace engineering company focused on developing hybrid electric vertical takeoff and landing (eVTOL) aircraft. Their designs prioritize safety, performance, and utility, targeting regional operators, emergency service providers, and military customers. The company is working on the Cavorite X7 eVTOL, aiming to complete testing and certification before scaling production to meet market demand.

Average Trading Volume: 241,756

Technical Sentiment Signal: Sell

Current Market Cap: $14.38M

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