New Horizon Aircraft shares surge 12.61% after-hours on Q2 2026 business update and prototype progress.

New Horizon Aircraft (HOVR) surged 12.61% in after-hours trading following the release of Q2 2026 earnings call highlights, which emphasized strong liquidity and progress on its full-scale prototype slated for 2026. The company also announced partnerships with Motion Applied to advance its Cavorite X7 hybrid eVTOL program and secured an INSAT grant to fund a $10.5 million all-weather eVTOL project. These developments, combined with technical progress updates and participation in industry conferences, reinforced investor confidence in the company’s commercialization timeline and technological differentiation. The earnings call’s emphasis on robust liquidity and operational milestones, alongside strategic collaborations and funding support, directly aligned with the sharp post-market rally, reflecting optimism about HOVR’s path toward scaling its eVTOL operations.