Archer Aviation (ACHR) Loses 10.8% Amid Lawsuit Concerns

We recently published 10 Big Names Get Slammed. Archer Aviation Inc. (NYSE:ACHR) is one of the biggest losers on Monday.

Archer Aviation declined for a second day on Monday, losing 10.84 percent to close at $11.85 each, as investors disposed of shares following a US judge’s ruling to allow a lawsuit against the company to move forward.

The case stemmed from shareholder allegations that Archer Aviation Inc. (NYSE:ACHR) misled shareholders about how far along it was in developing its aircraft.

Additionally, sentiment was dampened by one of its backers’ decision to pull out from its hydrogen fuel cell technology development plans.

Last week, Stellantis N.V. (NYSE:STLA) said that the termination was due to the lack of developments in the sector, particularly hydrogen refueling infrastructure, high capital requirements, and the need for stronger consumer purchasing incentives.

The cancellation raised fears that the company will reduce its support for Archer Aviation Inc. (NYSE:ACHR).

Based on its historical reporting dates, Archer Aviation Inc. (NYSE:ACHR) is expected to announce the results of its second quarter performance in the second week of August 2025.

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