New Horizon Aircraft (HOVR) said it closed fiscal 2026 with its strongest balance sheet to date and is advancing from technology validation to full-scale construction of its Cavorite X7 hybrid-electric VTOL aircraft. The update is a positive progress milestone, though without disclosed financial figures it’s unlikely to be market-moving beyond moderate stock/speculative repricing.
New Horizon Aircraft (HOVR) said it closed fiscal 2026 with its strongest balance sheet to date and is advancing from technology validation to full-scale construction of its Cavorite X7 hybrid-electric VTOL aircraft. The update is a positive progress milestone, though without disclosed financial figures it’s unlikely to be market-moving beyond moderate stock/speculative repricing.
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