Archer Aviation (NYSE: ACHR) stock is moving higher in Thursday's trading. The company's share price was up 1.2% as of 2:30 p.m. ET and had been up as much as 10% earlier in the daily session. Archer Aviation stock is climbing following recent analyst coverage on the stock.

Archer Aviation's recent $300 million equity raise supports its commercialization path. Read why I maintain my buy rating for ACHR stock.

Air-taxi maker Archer Aviation said on Tuesday it has raised $300 million in a funding round that consisted of institutional investors including accounts managed by BlackRock. Archer expects the capital raise to help it accelerate the development of its hybrid aircraft platform and further reinforce its balance sheet.

The electric vertical takeoff and landing (eVTOL) aircraft industry is approaching commercialization in late 2025, promising to revolutionize transportation in urban areas and beyond. Morgan Stanley, a top investment bank, estimates the eVTOL market could reach trillions of dollars by mid-century, creating a powerful investment trend.

Investors expecting Archer Aviation’s (NYSE: ACHR) recent cash infusion to lift its price to new highs should think again. The injection is good news and lifts the liquidity position, providing about two years of operational visibility,