Amazon reveals new stake in this electric aircraft maker, stock jumps

Invezz
2026.02.11 20:47
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Amazon disclosed a 5.3% stake in Beta Technologies, owning 11.75 million shares, which led to a 13.42% stock increase. The investment was revealed in a 13G filing with the SEC, causing Beta's shares to rise despite ongoing bearish trends. Analysts maintain a Buy rating with a price target averaging $38.13. Upcoming earnings on Feb. 23, 2026, are anticipated, with consensus estimates predicting a loss of 49 cents per share. Amazon's investment has provided a short-term boost to Beta's stock amid challenging market conditions.