Stock of Bridger Aerospace Group Holdings, Inc (NASDAQ:BAER) ended the day on Friday at $7.90, a gain of $3.48 (+78.73%).
About a week ago, Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) had announced the acquisition of its sixth CL-415EAF “Super Scooper” from De Havilland Aircraft of Canada Limited. The addition of this aircraft to their fleet of over 20 planes, along with their Air Attack and Unmanned Aerial Systems (UAS) fleet, makes Bridger Aerospace one of the most comprehensive aerial fire service providers in North America.
The Super Scooper is a specialized amphibious aircraft that can skim over the surface of a water source to collect water into onboard tanks, which can then be dropped on a fire. With a capacity of up to 1,412 gallons of water and the ability to refill in as little as 10 seconds, the Super Scooper is a highly effective tool in fighting wildfires. The aircraft’s unique design allows for aggressive low-altitude flying, enabling pilots to deliver their drops with greater precision, hitting the fire harder and extinguishing it faster.
Bridger Aerospace CEO, Tim Sheehy, expressed his excitement over the delivery of the sixth Super Scooper, stating that it will allow the company to expand its operations and deploy their aircraft fleet more effectively across the US. Sheehy also emphasized that with the addition of this aircraft, Bridger Aerospace is well-positioned to serve federal and state government customers and help combat the growing threat of wildfires.
With wildfires becoming a more frequent and severe threat in many regions of the US, Bridger Aerospace’s investment in its fleet of Super Scoopers demonstrates the company’s commitment to providing an effective and comprehensive solution to combating these disasters.
So why did BAER surge ?
Shares of Bridger Aerospace (NASDAQ:BAER) surged on Friday following a regulatory filing disclosing a significant investment in the company. According to the filing with the U.S. Securities and Exchange Commission (SEC), JCIC Sponsor LLC has acquired a 22.4% stake in BAER stock. This investment was made in collaboration with KSH Capital LP, Jeffrey Kelter, Robert Savage Jr., and Thomas Jermoluk. The news of this investment has sparked investor interest and optimism in the future prospects of Bridger Aerospace.