#3 - EHang Holdings (NASDAQ:EH)
Investors should note that EHang has received approval through the Civil Aviation Administration of China (CAAC). This is not the same as the FAA in the United States, and industry observers note that the guidelines for approval by the CAAC are not as stringent as those of the FAA.
And EHang is getting more than regulatory support from the Chinese government; it is getting financial support through government incentives. The approval puts the company in the production phase and it's starting to generate revenue. EHang is not yet profitable, but the company is ahead of the industry.
About EHang
EHang Holdings Limited operates as an autonomous aerial vehicle (AAV) technology platform company in the People's Republic of China, East Asia, West Asia, Europe, and internationally. It designs, develops, manufactures, sells, and operates AAVs, as well as their supporting systems and infrastructure for various industries and applications, including passenger transportation, logistics, smart city management, and aerial media solutions.
More about EHang- Current Price
- $20.83
- Consensus Rating
- Buy
- Ratings Breakdown
- 4 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $24.75 (18.8% Upside)
