Electric vertical takeoff and landing (eVTOL) aircraft stocks have been on fire since the start of the fourth quarter of 2024. Investors have piled into these speculative growth stocks for a bevy of reasons in recent months,

Archer Aviation (ACHR) has soared 81% over the past year, significantly outperforming benchmark indices. As the maker of the electric-powered aircraft Midnight, ACHR has captured not only consumers’ imagination but also investors’ attention.

EVTOL operators like Joby and Archer believe their primary advantage over traditional ride-sharing options like Uber and Lyft is speed. For example, these air taxis can replace car trips in traffic that might take 60-90 minutes with a 10-20 minute flight.

Sign Up For Free » Today, Joby Aviation (NYSE: JOBY) and Archer Aviation (NYSE: ACHR) are leading the eVTOL revolution. Both companies have made considerable progress in recent years, but I see one of these stocks as the clear winner.

Archer Aviation's potential in electric passenger drones is promising, but investors should be aware of high risks. Click here to find out why ACHR is a Sell.