Cantor Fitzgerald initiates Vertical Aerospace with Overweight

[eVTOL logistics in charging station]
XH4D

Vertical Aerospace (NYSE:EVTL [https://seekingalpha.com/symbol/EVTL]) was initiated at Overweight by Cantor Fitzgerald, attributing its bullish rating to the company’s broad order book, multiple revenue drivers, and emphasis on safety.

With a pre-order book for more than 1,500 for its VX4 aircraft, electric vertical take-off and landing ((eVTOL)) business Vertical (NYSE:EVTL [https://seekingalpha.com/symbol/EVTL]) has one of the largest order books in the industry, expected to translate into ~$6B in revenue over time. Additionally, these orders are diversified across markets and geographies, with large customers like Avolon, American Airlines (AAL [https://seekingalpha.com/symbol/AAL]), Bristow (VTOL [https://seekingalpha.com/symbol/VTOL]), Marubeni (OTCPK:MARUY [https://seekingalpha.com/symbol/MARUY]), and Gol (OTCPK:GOLLQ [https://seekingalpha.com/symbol/GOLLQ]), a “meaningful differentiator” among competitors.

Vertical Aerospace’s (NYSE:EVTL [https://seekingalpha.com/symbol/EVTL]) three revenue streams include direct aircraft sales to commercial operators, a hybrid-electric aircraft program designed for defense applications, and selling proprietary battery technology and replacements. These revenue streams help de-risk the business after commercialization, Cantor analysts Andres Sheppard and Anand Balaji wrote in their research note to clients.

Finally, the “highest degree of safety” for its VX4 allows the aircraft to enter the more stringent European market, providing a “moat” against American OEMs that do not qualify under European standards.

During the first half of this year, EVTL completed Europe’s first-ever piloted wing-borne eVTOL flight in open airspace, conducted successful airport-to-airport flights, enabling EVTL to plan for a piloted transition flight by the end of 2025. Additionally, EVTL targets type certification by 2028 and entry into commercial service by the second half of 2028, early 2029.

Analysts are mixed on Vertical Aerospace (EVTL [https://seekingalpha.com/symbol/EVTL]) with Wall Street analysts giving the stock a Buy rating, while Seeking Alpha analysts view Vertical (EVTL [https://seekingalpha.com/symbol/EVTL]) as a Sell. Seeking Alpha’s Quant rating has consistently viewed the stock as Hold with a Quant score of 2.51 out of 5.

MORE ON VERTICAL AEROSPACE

* Vertical Aerospace Ltd. 2025 Q2 - Results - Earnings Call Presentation [https://seekingalpha.com/article/4810272-vertical-aerospace-ltd-2025-q2-results-earnings-call-presentation]
* Vertical Aerospace Ltd. (EVTL) Q2 2025 Earnings Call Transcript [https://seekingalpha.com/article/4810271-vertical-aerospace-ltd-evtl-q2-2025-earnings-call-transcript]
* Vertical Aerospace Stock Tumbles 30%, And There Is More Downside [https://seekingalpha.com/article/4800300-vertical-aerospace-stock-tumbles-30-percent-and-there-is-more-downside]
* Vertical Aerospace reports 1H results [https://seekingalpha.com/news/4478321-vertical-aerospace-reports-1h-results]
* Vertical Aerospace completes the first airport-to-airport eVTOL flight of its kind [https://seekingalpha.com/news/4468301-vertical-aerospace-completes-the-first-airport-to-airport-evtol-flight-of-its-kind]