Professional
Added to YB: 2025-11-17
Pitch date: 2025-11-13
HOVR [bearish]
New Horizon Aircraft Ltd.
+7.98%
current return
Author Info
Pelican Way Research is an activist short selling and research firm dedicated to public market transparency. Sign up for the newsletter.
Company Info
New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, designs hybrid-electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the United States.
Market Cap
$114.2M
Pitch Price
$1.88
Price Target
N/A
Dividend
N/A
EV/EBITDA
-6.29
P/E
-30.26
EV/Sales
N/A
Sector
Aerospace and Defense
Category
N/A
HOVR, A Joke of an eVTOL Company, With Zero Prospects For The Foreseeable Future, With a Management Team That Dilutes Shareholders For a Living.
HOVR (short): Fraudulent eVTOL company operating from tiny rural hangar & CEO's wife's house, only has 50% scale toy plane vs peers like JOBY spending $447M R&D (vs HOVR's $5M). Diluted shares 11M→37M, mgmt sold $3.5M stock, auditor sued for gross negligence in ponzi case. No full-scale aircraft after decade, needs constant dilution to survive.
Read full article (7 min)