Latest news with #Moeller
Miami Herald
2 days ago
- Miami Herald
Lowe's employee reported coworker to HR before deadly PA shooting, sister says
A Lowe's employee was shot three times, including twice in the head, during the culmination of an ongoing feud with a coworker, Pennsylvania authorities say. Christopher Wasnetsky, 36, has now been charged with murder following the June 14 fatal shooting at a Lowe's store, according to the Scranton Police Department. He reportedly said the victim in the shooting, Jeffrey Moeller, was harassing him for months before he was accused of shooting him. Moeller's sister, however, refutes his claim. Christina Moeller said her brother had reported Wasnetsky to the Lowe's human resources office multiple times 'due to ongoing concerns.' 'To our knowledge, the individual had been making troubling comments directed at Jeffrey,' she said in a GoFundMe. 'Despite Jeffrey's repeated reports, nothing was done.' Wasnetsky is accused of shooting Moeller in an unprovoked attack as the victim operated machinery, according to a criminal complaint obtained by The Times-Tribune. Police said Moeller asked for help when he fell to the ground, so Wasnetsky shot him two more times 'so he wouldn't suffer,' WVIA reported. Moeller was shot once in his back and twice in the head, according to a coroner's report obtained by WNEP. 'There was no altercation. No argument. Jeffrey was simply doing his job — the job he loved — and his life was stolen from him,' the victim's sister said in the GoFundMe. Wasnetsky turned himself in after he called 911 to report the shooting, according to WNEP. 'I'd like to report a shooting at Dickson City Lowe's,' he said during his 911 call, the news outlet reported. 'I was the person that did it.' Police said Moeller, who was found 'in a large pool of blood,' was pronounced dead in a hospital, according to WOLF. Wasnetsky told officers he had filed complaints of harassment against Moeller, but those claims were unfounded, according to the news outlet. Originally charged with multiple counts of aggravated assault, Wasnetsky now faces upgraded charges of first- and third-degree murder, police said. He was jailed in Lackawanna County without bail. Moeller was a father to three daughters, according to his sister, who called him a 'devoted' dad. 'Once they were all in school, he took on night shifts at Lowe's so he could still be present with his girls during the day,' his sister said on GoFundMe. 'That's just the kind of man he was — loyal, dedicated, and full of love for his family.' Scranton is about a 125-mile drive northwest from Philadelphia.
New York Post
2 days ago
- New York Post
Lowe's worker allegedly shoots co-worker dead on forklift — confesses to murder in HR email
An unhinged Lowe's employee shot and killed his coworker as he operated a forklift during an overnight shift at the hardware store — then bizarrely fessed up to the murder in an email to human resources. Christopher Wasnetsky, 36, allegedly unloaded multiple shots at 44-year-old Jeff Moeller while he was working at a Lowe's in Scranton, Pa., around 12:30 a.m. on Saturday, according to a criminal complaint obtained by the Scranton Times-Tribune. Officers found Moeller — a father of three — was struck twice in the head and once in the back and was in critical condition, the outlet added. 4 Christopher Wasentsky was arrested for killing his coworker during an overnight shift at a Pennsylvania Lowe's. Scranton Police Department The responding officers immediately rushed Moeller to Geisinger Community Medical Center, where he later died from his injuries. Police quickly identified Wasnetsky as the alleged shooter and arrested him at the front entrance of the hardware store. Wasnetsky told police that he was the one to call in the shooting 911 and brazenly told the operator that he was the 'person that did it,' the outlet reported. The suspect also said he sent an email to Lowe's management and human resources before committing the shooting, stating what he was going to do and that it could have been avoided if someone had stepped in to address his claims earlier. Wasnetsky claimed to investigators that Moeller had been harassing him at work and management had done nothing to resolve the ongoing issues despite his filings. 4 The victim was identified as Jeffrey Moeller. GoFundMe Wasnetsky told police he had been prepping to carry out the shooting by doing target practice in his backyard with a Springfield 9 mm handgun. He admitted that he shot Moeller, who was on the forklift, in the chest from about five feet away. Moeller then fell out of the machine and pleaded with the suspect for help as he struggled on the ground. 4 Wasnetsky claimed to investigators that Moeller had been harassing him at work and management had done nothing to resolve the ongoing issues despite his filings. Christopher Sadowski Wasnetsky told investigators he then shot Moeller twice in the head to end his suffering. He also said he planned to kill himself as well, but backed out, the outlet reported. Wasnetsky was charged with first and third-degree murder and is currently being held on no bail at the Lackawanna County Prison. He is scheduled to appear in front of a judge for his preliminary hearing on June 30th. Moeller is remembered as a hardworking husband and father of three daughters, according to a GoFundMe page set up to help the family with funeral costs. 4 Moeller is remembered as a hardworking husband and father of three daughters. GoFundMe 'If you knew Jeffrey, you knew he had the softest heart & the loudest laugh,' the fundraising page reads. 'He & Keisha had recently reconnected with their faith, and he was planning to be baptized this Father's Day, alongside his daughters. He was so proud to be their dad, everything he did was for his family.' One of his Lowe's coworkers, Kassie Sierra, told the Scranton Times-Tribune that the father of three was a 'kind man and great friend.' '(He) worked hard for his wife and daughters, and he always had a smile,' Sierra said.
Business Insider
3 days ago
- Business
- Business Insider
‘Padding the Coffers Ahead of Lift Off,' Says Canaccord About Archer Aviation Stock
Archer Aviation (NYSE:ACHR) may have ruffled some feathers with news of dilution, but raising capital is often a necessary step – especially, pardon the pun, for companies looking to get projects off the ground. Confident Investing Starts Here: As it prepares to participate in the White House's newly announced eVTOL Integration Pilot Program (eIPP), Archer last week announced an $850 million private placement. It raised $817.1 million in net proceeds by selling 85 million shares of Class A common stock to institutional investors at $10 per share. The offering should lift Archer's cash reserves to around $1.8 billion – among the highest in the industry – based on its 1Q25 ending balance. The new funds are expected to support accelerated manufacturing and certification efforts tied to the eIPP. Canaccord analyst Austin Moeller thinks Archer's 'timely capital infusion' underscores the significance of Trump's executive order aimed at fast-tracking eVTOL deployment in the U.S. The eIPP, a key provision within the Unleashing American Drone Dominance EO, establishes a training program to showcase five U.S.-based eVTOL or UAM (urban air mobility) projects on an 'accelerated timeline' ahead of the 2028 LA Olympics. The Department of Transportation has 180 days to select the five aircraft designs. While dilutive and likely to raise questions about cash use, Moeller points out that the capital raise 'financially positions Archer Aviation to be a leader in US eVTOL aircraft deployment at key US airports (Newark, Chicago O'Hare) via the eIPP, in addition to providing a substantial capital backstop as manufacturing operations ramp in Covington, GA, for both commercial eVTOL passenger aircraft and hybrid-VTOL tactical drones.' With an estimated FY25 cash burn of around $466 million, Archer now has a 'significant runway' to scale up manufacturing over the next few years, which should also pave the way for revenue or cash deposits from its international 'Midnight Launch Edition' program. Meanwhile, on Monday Archer announced that it has partnered with PT. Industri Ketahanan Nasional (IKN) to deploy an initial fleet of its Midnight aircraft in Indonesia, the third country tapped for its 'Launch Edition' program. Archer has previously announced Launch Edition deployments in the UAE through a partnership with Abu Dhabi Aviation, and in Ethiopia via Ethiopian Airlines. Against this backdrop, Moeller rates ACHR shares a Buy, although to account for the equity dilution, his price target goes from $13.5 to $13. Still, there's a potential upside of 25% from current levels. (To watch Moeller's track record, click here) 3 other analysts also take a bullish stance on ACHR and with an additional 2 Holds, the stock claims a Moderate Buy consensus rating. The average target clocks in at $11.75, implying shares will post growth of 13% in the months ahead. (See ACHR stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Business Insider
4 days ago
- Business
- Business Insider
Archer Aviation Stock (ACHR) Slips 14%, Yet Analyst Expects 30%+ Upside on eVTOL Plans
Archer Aviation (ACHR) stock took a sharp hit on Friday, with shares sliding 14% after the company announced an $850 million stock offering priced at $10 per share. The deal is expected to bring in $817.1 million in net proceeds and is set to close on June 16, 2025. While the fresh capital will help fuel Archer's growth and aircraft certification efforts, the share dilution clearly weighed on investor sentiment. In response to the funding news, Canaccord Genuity analyst Austin Moeller reaffirmed his Buy rating on Archer but trimmed the price target slightly from $13.50 to $13.00. The new price target implies over 30% upside potential. Confident Investing Starts Here: The announcement comes on the heels of new executive orders from President Donald Trump to implement an eVTOL (electric vertical takeoff and landing) Integration Pilot Program (eIPP) in the United States. This initiative aims to speed up the rollout of eVTOL aircraft in the U.S. Analyst Backs Archer's eIPP Bid Moeller called the $850 million raise an important move to help Archer take part in the eIPP. This new U.S. government program will support five electric aircraft projects, with the goal of getting them ready to operate before the 2028 Olympic Games in Los Angeles. According to the analyst, Archer's quick action to raise funds shows its clear intent to take part in this eIPP initiative. He believes this extra capital will help the company speed up production and move through the aircraft certification process—both of which are crucial for meeting the program's tight timeline. With this funding round, Archer's total cash balance is expected to rise to around $1.8 billion, based on its first-quarter 2025 figures and past fundraises. Notably, Archer ended the quarter with $1.03 billion in cash and equivalents. Moeller added that this figure does not include $47.5 million available through its at-the-market (ATM) program or up to $400 million in future support from Stellantis, which is expected to help expand production of the Midnight aircraft in Georgia. Moeller believes Archer's strong financial base gives it a clear edge over its rivals. The Department of Transportation has 180 days to choose five aircraft designs for the eIPP, and Moeller sees Archer as a top contender. In his view, Archer stands out as one of the two leading eVTOL developers in the U.S. Is ACHR Stock a Buy, Sell, or Hold?
Business Insider
6 days ago
- Business
- Business Insider
Archer Aviation (ACHR) Gets a Buy from Canaccord Genuity
In a report released today, Austin Moeller from Canaccord Genuity maintained a Buy rating on Archer Aviation (ACHR – Research Report), with a price target of $13.00. The company's shares opened today at $10.08. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Moeller is a 4-star analyst with an average return of 9.5% and a 46.19% success rate. Moeller covers the Industrials sector, focusing on stocks such as Spire Global, Archer Aviation, and Joby Aviation. In addition to Canaccord Genuity, Archer Aviation also received a Buy from Cantor Fitzgerald's Andres Sheppard in a report issued on June 10. However, on May 29, Barclays maintained a Hold rating on Archer Aviation (NYSE: ACHR).
