New Horizon Aircraft shares surge 14.83% intraday on partnerships with ZeroAvia and MT-Propeller for eVTOL propulsion.

New Horizon Aircraft (NASDAQ: HOVR) surged 14.83% intraday trading, driven by recent positive developments including partnerships with hydrogen propulsion firm ZeroAvia and MT-Propeller for hybrid eVTOL technology, as well as securing $8.4 million in strategic investments. The company also regained compliance with Nasdaq listing requirements and announced participation in industry conferences, bolstering investor confidence. These advancements, coupled with a "Buy" rating from D. Boral Capital, overshadowed earlier Q2 earnings misses, positioning HOVR as a key player in emerging aerospace innovation.