Stock Market Update: EHang, Molecular Partners, and Other Stocks Moving Lower in Pre-Market Trading

US stock futures fell 0.2% on Tuesday. EHang Holdings Ltd shares dropped 8.5% after cutting FY2025 sales guidance from $123.299 million to $69.797 million. Other stocks moving lower include Molecular Partners AG (-13.5%), Daqo New Energy Corp. (-9.2%), Harmony Gold Mining Company Ltd (-6.7%), ECARX Holdings Inc. (-4.7%), Valneva SE (-4.6%), and Rigetti Computing, Inc. (-3.5%).

US stock futures fell 0.2% on Tuesday, with EHang Holdings Ltd. shares dropping 8.5% after the company cut its FY2025 sales guidance from $123.299 million to $69.797 million. The autonomous aircraft maker's shares fell to $16.21 in premarket trading, down 8.88% from the previous close [1].

EHang reported Q2 revenues of 147.2 million yuan, which missed analysts' estimates of 181 million yuan. The company also reported a net loss of 81 million yuan for the quarter, despite a 44.2% year-over-year increase in revenue [2]. EHang's revised guidance reflects the company's focus on expanding commercial eVTOL operations and building scalable demonstration models.

The stock's decline comes amidst a broader sell-off in the market, with other stocks also falling. Molecular Partners AG (-13.5%), Daqo New Energy Corp. (-9.2%), Harmony Gold Mining Company Ltd (-6.7%), ECARX Holdings Inc. (-4.7%), Valneva SE (-4.6%), and Rigetti Computing, Inc. (-3.5%) also saw significant drops.

EHang's stock has risen approximately 13% year-to-date (YTD) up to the previous close. The company has also signed a substantial investment cooperation agreement with the Hefei government, with an estimated investment of approximately 1 billion yuan, aimed at expanding operations and enhancing technological capabilities [2].

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L4N3UI0NB:0-ehang-tumbles-on-fy-revenue-forecast-cut/
[2] https://www.ainvest.com/news/ehang-plunges-10-29-q2-loss-revenue-guidance-cut-2508/