Update: Joby Aviation Shares Jump After 523-Mile Hydrogen-Electric Air Taxi Flight-March 2024-www.financetom.com

Update: Joby Aviation Shares Jump After 523-Mile Hydrogen-Electric Air Taxi Flight

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Update: Joby Aviation Shares Jump After 523-Mile Hydrogen-Electric Air Taxi Flight

Jul 11, 2024 9:51 AM

12:25 PM EDT, 07/11/2024 (MT Newswires) -- (Updates with stock price movement in headline and first paragraph.)

Joby Aviation ( JOBY ) shares jumped 15.7% in recent Thursday trading after the company said it had flown a hydrogen-electric air taxi 523 miles, with water as the only emission.

The company said the vertical take-off and landing aircraft shows the "potential for hydrogen to unlock emissions-free" air travel without a runway.

The test flight of the liquid hydrogen-powered, six-motor aircraft was completed last month in collaboration with H2FLY, Joby's German subsidiary.

Price: 6.01, Change: +0.82, Percent Change: +15.70

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