Joby Aviation (JOBY) Extends Gains on 3rd Day Ahead of Q2; Investors Cheer Expansion Plans

We recently published 10 Stocks Exploding Higher: Bitcoin Miners Dominate the List. Joby Aviation, Inc. (NYSE:JOBY) is one of Wednesday's top performers.

Joby Aviation extended its winning streak to a third consecutive day on Wednesday, surging 17.06 percent to close at $16.33 apiece as investors gobbled up shares ahead of its second quarter earnings results, while digesting plans to double down on production.

In a statement earlier this week, Joby Aviation, Inc. (NYSE:JOBY) said that it is underway with the expansion of its Marina facility to 435,500 square feet. Upon completion and full operations, the site would be capable of producing 24 aircraft per year, or an average of one aircraft every other week. It will also provide key capabilities, including its initial FAA production certification, conforming ground and flight testing components, pilot training simulators, and aircraft maintenance.

The Marina facility forms part of Joby Aviation, Inc.’s (NYSE:JOBY) total of four manufacturing sites, including two in Santa Cruz, California and one in Dayton, Ohio, which is also set for expansion to accommodate the production of 500 aircraft annually.

In other news, Joby Aviation, Inc. (NYSE:JOBY)—based on its historical earnings reporting dates—is expected to release the results of its second quarter earnings performance in the first week of August 2025.

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Disclosure: None. This article is originally published at Insider Monkey.