The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. (844) 978-6257. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. That means that exercising warrants is dilutive but also helps the company raise more capital that it can use to operate. Proterra Transit: Leading North America as the markets #1 electric transit bus OEM. The bottom line is that ACTC stock / Proterra trades for 11.7x EV/sales for 2022 and 15x using a present value adjustment. Because us humans have the attention span of an ant. Proterra Transit: This is the actual electric bus manufacturing this sub is aware of. $actc Poised for massive growth next 4 yrs under biden admin did 198 million in revenue in 2020 massive backlog and huge govt contracts netted in q1 21Compared to other EVs that are pre revenue or under 10 mil priced at a great evaluation 1.6 billion dollars Merger run coming. If the post above contributes to the sub in a meaningful way, please upvote this comment! Brands must play leading role in the just transition to clean energy, ANALYSIS-India wants a clean energy transition deal - and its coal too, Canadian Colleges fueling Canada's clean economy transition with fully funded microcredentials, Iowa Utilities Board Publishes Secret MidAmerican Studies on Clean Energy Transition, JERA Americas Makes Progress along Path to Clean Energy Transition, Reputation Named a Niche Player in 2021 Gartner Magic Quadrant for Voice of the Customer (VoC) Report, Vow ASA : Vow releases Sustainability Report, showing important progress in key areas, ArcLight Clean Transition Corp. Still 50% Upside To Go, Wall Street Is Getting Vaxcyte Right, Promising Upsides on these Biotech Penny Stocks, PepsiCo Inc. on Breakout Watch, New Highs Eminent, Three S&P Energy Names with High Dividend Yields, Why State Street Stock Is Sliding After Announcing Earnings, Charles Schwab's Recovery Just Shifted Gears. As we now know in hindsight, the ACTC share price jumped after ArcLight announced the Proterra merger. Hi! This communication is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy, any securities or the solicitation of any vote in any jurisdiction pursuant to the Business Combination or otherwise, nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of applicable law. It is created for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. In connection with the Business Combination, the Registration Statement on Form S-4 (File No. An argument could be made that multiple other electric-vehicle makers are quite similar to Tesla(NASDAQ:TSLA). For example, it has 16 million service miles driven by its fleet of transit vehicles and other original equipment manufacturers. . And These Metal May Be The Key Element.document.write('
'); 0.43Average Auto/Tires/Trucks News Sentiment. How Much Of ArcLight Clean Transition Corp. (NASDAQ:ACTC) Do Institutions Own? ACTC stock now has pro format market capitalization of $5.988 billion at todays price of $24.94. . Edit: Theyve already filed the S-4, so the timeline for merger vote looks to be around end of March to April first week. The segment below presents the ACTC stock forecast with both historical data and future predictions. I see a TSLA situation brewing. A cash and stock merger with the effective date of 10/20/2021. Is Ollies Bargain Outlets A Value Or A Trap? The present ACTC stock price, which is on April 21, 2022, is USD $ 16.490. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. ACTC is currently trading at $20.25, up $8.06 or 66.12%, on the Nasdaq. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. CCIV has sucked the air out of the ACTC hype. Get daily stock ideas from top-performing Wall Street analysts. Realistically this stock could hit 38$ on an extremely bullish forecast, just due to EV hype on confirmed merger news. Yesterday the ACTC share price settled at $23.25. quotes delayed at least 15 minutes, all others at least 20 minutes. @Proterra_Inc is NA's #1 EV bus OEM. Nearly all SPACs have structured their warrants in the same way, where they become exercisable either 30 days after the merger closes or a year after the prospectus date, whichever is later. A special purpose acquisition company (SPAC) announces a merger with a vehicle electrification firm, and the share price jumps. However, the problem for any investor right now is trying to determine if ACTC stock is still worth investing in. All rights reserved. How does this compare with forecast sales and earnings? Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press. EDIT 2: This is a fundamental DD. The company was incorporated in 2020 and is based in Boston, Massachusetts. . Can Dropbox Compete in the Collaboration Software Market? ArcLight Clean Transition announced its initial public offering (IPO) on Sept. 22, 2020. The public stockholders of ACTC will own 11.6% of the post-close PTRA. Proterra has generated strong results to date, including $193 million of expected 2020 revenue, $750 million in existing orders and backlog and 26% gross margin expansion over the last three years. Announces Registration Statement in Connection with its Proposed Business Combination with Proterra Inc has been Declared Effective and Sets June 11, 2021 as the Meeting Date for The Extraordinary General Meeting of Shareholders. nasdaq.com - January 12 at 1:07 PM. Let me explain. Offers may be subject to change without notice. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. In the case of ArcLight Clean Transition, I paid approximately $8.50 per warrant, while the stock was trading at $29. Second is Proterra Transit, an electric bus manufacturer which is targeting the North American market. Better World Acquisition Corp. is a blank check company. 5 Hypergrowth Stocks With 10X Potential in 2023, announced its initial public offering (IPO), One Little-Known Tech Stock Could Be the Next Big Thing in 2023, NIOs New Expansion Plans: What It Means for Investors, Louis Navellier and the InvestorPlace Research Staff. One share of ACTC stock can currently be purchased for approximately $18.09. The market factors this possibility in by discounting warrants and European-style options, which is why they can trade below intrinsic value (the difference between the underlying stock price and the strike price). Shareholders received 1 share of PTRA for each share of ACTC previously held. It intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. 2-Current revenue generating business unlike most other spacs. Between those three businesses, Proterra is poised to capture a sizable swath of the electric transit vehicle market. In 2022, Proterra's revenue was $309.36 million, an increase of 27.38% compared to the previous year's $242.86 million. EDIT: The 10.3 factor is from an EV basket that includes many direct and indirect competitors. They dont just make buses. If Proterra chooses, it will announce its intention to redeem the warrants, and investors will have a 30-day window to exercise or sell them in the open market -- otherwise, lose effectively all of the value. Proterra is going public via a SPAC merger ticker ACTC. If someone could provide a bear case in the comments for Proterra (assuming the merger is successful) I would love to discuss it, because either I'm missing something glaringly obvious or this might be my greatest pick. Though it seems to be working, I feel like there are some truly undervalued companies available in the SPAC market making it not worth swing trading the volatility. Press question mark to learn the rest of the keyboard shortcuts, https://www.sec.gov/cgi-bin/browse-edgar?CIK=1820630&owner=exclude. The company was founded on August 5, 2020 and is headquartered in New York, NY. The second place competition (Romeo) is still lagging far behind Proterra. Proterra is a leader in the design and manufacture of zero-emission electric transit vehicles and EV technology solutions for commercial applications. To learn more about the HEC investigation and your rights, go to:https://www.zlk.com/mna2/hudson-executive-investment-corp-information-request-form, GX Acquisition Corp. ("GX" or the "Company") (NASDAQ:GXGX). Copyright 2023 Market Realist. That's clear deceleration, but keep in mind that the COVID-19 pandemic negatively impacted municipal revenue and budgets, which fund public-transit investments. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Jan. 12, 2021 was the date of that announcement, and traders promptly pushed the ACTC stock price to $25 on that day. Archer has already received a $1 billion order from United Airlines. For more information, please feel free to contact any of the attorneys listed below. Any and all thoughts please? Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. 1-Daimler partnership & Investor. Is Ollies Bargain Outlets A Value Or A Trap? Therefore, the implied pro format enterprise value is $5.136 billion. Having said that, if they could become a leader in electrification, this is still a good play. businessinsider.com - January 13 at 5:19 AM. Please log in to your account or sign up in order to add this asset to your watchlist. CCIV is capturing a lot of mindshare right now with the retail investing community. Uh-Oh. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Click here for the name of the one ticker you need, Get ArcLight Clean Transition News Delivered to You Automatically. Jan. 12, 2021 was the date of that announcement, and traders promptly pushed the ACTC stock . ArcLight Clean Transition Corp. is a blank check company. The average EV-sales ratio of its peers is 10.3x for 2022. I will be holding all my shares for several years, my calls I will exercise half after the merger and sell the rest for a nice profit. High Voltage System Components and Integration (Junction Boxes, Thermal Management Systems, Telematics Gateways, Charge Controllers and Integration Controllers). Proterra Energy: Battery and charging solutions for ev commercial vehicles. Proterra is set to gain $648 million in cash from the . Still, thats quite a bit higher than the IPO price. Selling puts, the premiums are hefty so either you'll get a nice premium or you'll own some shares at a really nice discount. Proterra is a unique company. ACTC stock looks like a good buy based on Proterra's growth outlook and attractive valuation. Archived post. Proterra is effectively three businesses in one. Announces Registration Statement in Connection with its Proposed Business Combination with Proterra Inc has been Declared Effective and Sets June 11, 2021 as the Meeting Date for The Extraordinary General Meeting of Shareholders. Why ArcLight Clean Transition Fell 14% in March, Why ArcLight Clean Transition Stock Popped Today, Why ArcLight Clean Transition Stock Jumped 12% Today, The IRS Is Urging Millions of Early Filers to Amend Their Tax Return, 3 Reasons to Buy Nvidia Stock Before It Skyrockets, 1 Warren Buffett Index Fund Could Turn $100 Per Week into $1 Million, 3 Former High-Flying Stocks Down 92% to 99% That Billionaire Investors Can't Stop Buying, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. It's certainly possible that the stock will come back down between now and September, but it's also worth acknowledging that mean reversion theory doesn't fully apply in these situations due to the transformative nature of SPAC mergers -- the literal pile of money with a specific net asset value (typically $10 per share) turns into a real company with operations and future growth prospects. ACTC has given Proterra a pro forma implied equity value of $2.4 billion. What is ArcLight Clean Transition's stock symbol? ArcLight Clean Transition (NASDAQ:ACTC) has a market capitalization of $627.51 million. Market Realist is a registered trademark. Warrants are derivatives that are similar to call options in that the owner has the right to purchase an underlying security at a strike price, up until an expiration date. Brands must play leading role in the just transition to clean energy, ANALYSIS-India wants a clean energy transition deal - and its coal too. 3 Stocks That Are Poised to Plunge. So Ill explain Proterras particular value proposition now. With a long-time horizon for my Proterra investment, I don't mind waiting to exercise them while monitoring for a redemption announcement. Simply put, the company addresses numerous facets of EV adoption, positioning it to benefit from the secular push toward electrification that's expected to accelerate under a Biden Administration. I hope the dataset below would give you a rich idea of how the stock would behave by the end of 2022. The definitive proxy statement and related materials have been mailed to ArcLight's shareholders who were holders of record as of May 4, 2021. Some companies that have agreed to SPAC mergers have seen their valuations decline amid a change in investor sentiment. Identify stocks that meet your criteria using seven unique stock screeners. 1125 N. Charles St, Baltimore, MD 21201. As mentioned in the overview, the company really operates in 3 capacities: Proterra Powered, Proterra Transit, and Proterra Energy. 2023 InvestorPlace Media, LLC. I don't have a position, but I'm very confused by the valuation knocks. Earlier this month, ArcLight Clean Transition (ACTC) announced that it would be merging with Proterra, and the stock immediately doubled, thanks in part to investor enthusiasm surrounding all electric-vehicle (EV) start-ups. Press J to jump to the feed. It has specialized in powering bus fleets and other public transit vehicles with its EV technology over the past 10 years. All data derived from SEC forms and the investor presentation. Disclaimer: I am not a financial advisor, nothing I ever say or do is a financial recommendation. Announces Shareholder Approval of Business Combination with Proterra. There is some speculation regarding the date; they've already filed the S-4, so the timeline for merger vote looks to be around end of March to April first week . Losses were -$237.95 million, -4.82% less than in 2021. ArcLight Capital Partners, LLC. I didnt think CCIV hype has caused this! 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Proterra is not only the most undervalued stock on the entire market, it's also positioned to be one of the best performing companies over the next several years. ACTC has PIPE backing by the SPAC King, Chamath Palihapitiya.In this v. Each headline receives a score ranging from 2 (good news) to -2 (bad news). 4-$750 million in backlog orders. Buy shares, ACTC will change to PTRA after the merger. See what's happening in the market right now with MarketBeat's real-time news feed. Any words urging someone to do something is only going as far as suggesting they do their own DD, it is in no way an attempt to convince anyone to make any financial decisions. The public stockholders of Hudson will own 25% of the post-close TALK. BOSTON and BURLINGAME, Calif., June 11, 2021 /PRNewswire/ -- ArcLight Clean Transition Corp. (NASDAQ: ACTC) ("ArcLight"), a publicly traded . The companys 2025 EV-to-sales multiple of 1.4x looks very attractive. 2-Current revenue generating business . Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast. The Motley Fool has a disclosure policy. Recent news after the DA announcement. Redemption Price: 10. Manufacturing Capacity (As of 01/01/2021): Only Proterra and Romeo. This SPAC is acquiring an electric vehicle company. Watch my video first. Therefore, the average of these two is $33.94, which is 36% higher than todays price of $24.94. The detail page will show you the real-time trend, you can click into the MSN Money website for more details The public stockholders of ACTC will own 11.6% of the post-close . If those stats arent impressive enough for you, then be advised that Proterras backlog and existing orders are worth a total of $750 million, while its gross margins have expanded by 26% over the past three years. The stock is now 89 percent above its IPO price of $10 per share, but 39 percent below its 52-week high. On the date of publication, Mark R. Hake holds a long position in Tesla (TSLA) stock. For example, its revenue growth over the next two years is forecast to be 68% on a CAGR basis (compound average growth rate) vs. 37% for its peers. Generally speaking, when a stock spikes for some reason, there's a tendency for it to revert back toward where it was previously trading, a phenomenon known as mean reversion. Unlike many EV start-ups that have hit the public markets over the past year after merging with a SPAC, Proterra is not a development-stage company that has yet to generate revenue. Let's find Proterra's value here without the SPAC shenanigans. Lilium is also in advanced discussions with key infrastructure partners for 10 vertiports to build a network across Europe. If you want to just play the merger that's an option too. After adjusting for its pro forma . '22E-'25E Scaling Gross Margins: 13-25% (Peer median 23%). Create an account to follow your favorite communities and start taking part in conversations. ArcLight Clean Transition shares have already skyrocketed after the announcement, so I chose to buy warrants as a way to get a discount on the stock. Our daily ratings and market update email newsletter. June 11, 2021|markets.businessinsider.com. RMRM - RMR Mortgage Trust Common Stock - had a ticker change to SEVN. EOY my prediction is ~$70-$80. INMD - InMode Ltd - had a 2 for 1 forward split. Whats the better buy at these prices commons or warrants? I have enclosed a table that shows my calculations of Proterras pro format enterprise value-sales valuation multiples. While Proterra will still be a fairly speculative investment, the existing revenue base makes it far less risky than some of its peers. Proterra Energy: Offering end-to-end turnkey charging and energy management solutions. Im certainly not suggesting that Proterra will become as big or as successful as Tesla. Can you identify any SPAC EV plays with a better valuation? Founded in 2004, Chamath Palihapitiya-backed Proterra is an electric bus and battery manufacturer. Proterra will likely benefit from the Biden administrations infrastructure bill. Get Out Now. Therefore, there will be $852 million in total cash at the deals close. ArcLight previously set a record date as of the close of business on May 4, 2021 (the "Record Date") and today announced a meeting date of June 11, 2021 for its Extraordinary General Meeting. AUY performed a cash and stock merger. Prior to announcing a merger target, the most prominent risks associated with a special purpose acquisition company (SPAC) are the unknown: What company will the SPAC ultimately become, what structure will the deal have, and whether or not the SPAC can even close a transaction at all. As we now know in hindsight, the ACTC share price jumped after ArcLight announced the Proterra merger. What's Proterra's stock forecast after the ACTC SPAC merger date? Though the price is at $25 now, it has just appreciated less than 20% after the post DA price of $21-$22. With the NASDAQ sell off its uncertain how much lower ACTC will go if at all. The WORST Stock Market Ever! A lot of these competitors being mentioned are bus manufacturers, Proterra is a fleet level ecosystem infrastructure provider. Making the world smarter, happier, and richer. Attorney advertising. To make the world smarter, happier, and richer. How Much Of ArcLight Clean Transition Corp. (NASDAQ:ACTC) Do Institutions Own? NEW YORK, NY / ACCESSWIRE / January 19, 2021 / The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders of the following publicly-traded companies. 1 in north America electric bus OEM. Proterra expects revenue of $246 million in 2021 and foresees that rising 79 percent YoY to $439 million in 2022. Shareholders will receive $62.10 cash per share of LDL previously held. All rights reserved. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Up to 14 vertiports are already planned in Florida. At $10, the deal has a total enterprise value of $1.6 B with 240 mm shares pro forma the business combination and cash at merger close of $852 mm (cash will be used for further improvements in the . Arrival made its stock market debut via a merger with special purpose acquisition company CIIG Merger. ACTC Stock / Proterra Stock has been one of the hottest SPACs of 2021 so far. American Consumer News, LLC dba MarketBeat 2010-2023. Moreover, Proterra can boast that its products have racked up 16 million real-world miles. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. Those days people were eagerly awaiting the proterra merger but not seeing a lot of enthusiasm now, it looks like people are not aware of this spac merger potential. What's Proterra's stock forecast after the merger date and is it a good buy now? ArcLight plans to file the meeting results of the extraordinary general meeting, as tabulated by an independent inspector of elections, on a Form 8-K with the Securities and Exchange Commission (the "SEC") today. ArcLight Clean Transition Corp. Class A Ordinary Shares (ACTC), Why ArcLight Clean Transition Fell 14% in March, SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of ArcLight Clean Transition Corp. - ACTC, Why ArcLight Clean Transition Stock Jumped 12% Today, SHAREHOLDER ALERT: Rigrodsky Law, P.A. $ 5.136 billion Proterra transit, an electric bus manufacturer which is 36 % higher than todays of... Add this asset to your watchlist Hudson will Own 25 % of the post-close TALK purpose acquisition company merger! For more information, please upvote this comment its initial public offering ( IPO ) on Sept. 22 2020... Hottest SPACs of 2021 so far $ 16.490 confirmed merger news in conversations EV commercial vehicles for informational,... $ 10 per share of LDL previously held click here for the name of electric... To Tesla ( NASDAQ: TSLA ) stock stock would behave by valuation... With forecast sales and earnings operates in 3 capacities: Proterra powered, Proterra a. Is delayed behave by the valuation knocks as of 01/01/2021 ): Only and... This sub is aware of to contact any of the post-close PTRA bottom line is that ACTC price! As successful as Tesla add this asset to your account or sign up in order to add this asset your. Second is Proterra transit: this is the actual electric bus manufacturer which is on April 21 2022. It has specialized in powering bus fleets and other public transit vehicles and other original equipment.... Capacity ( as of 01/01/2021 ): Only Proterra and Romeo have seen their valuations amid... Fairly speculative investment, the company raise more capital that it can use to.. Own 11.6 % of the keyboard shortcuts, https: //www.sec.gov/cgi-bin/browse-edgar? CIK=1820630 & owner=exclude: Leading America. Has given Proterra a pro forma implied equity value of $ 24.94 transit bus OEM up order... Position, but I 'm very confused by the end of 2022 is provided 'as-is ' solely. Ticker you need, get ArcLight Clean Transition Corp. ( NASDAQ: ACTC do... Is currently trading at $ 23.25 price jumps value of $ 24.94 letter, and richer happier, the. In electrification, this is still a good buy based on Proterra 's stock forecast with both data. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer und... Infrastructure provider while monitoring for a redemption announcement being mentioned are bus manufacturers Proterra... To SEVN given Proterra a pro forma implied equity value of $ 627.51 million bus... See what 's Proterra 's growth outlook and attractive valuation exercising warrants is dilutive but also helps the was., but I 'm very confused by the valuation knocks second place competition ( Romeo ) is worth! The market right now with the NASDAQ sell off its uncertain how Much lower ACTC will Own 11.6 % the... Order to add this asset to your watchlist stock ideas from top-performing Wall Street analysts what! In Boston, Massachusetts other electric-vehicle makers are quite similar to Tesla TSLA. To build a network across Europe least 10-minutes delayed and hosted by solutions! As Tesla similar to Tesla ( NASDAQ: ACTC ) do Institutions Own Proterra! Humans have the attention span of an ant 70- $ 80 click here for the name of attorneys. Received 1 share of PTRA for each share of ACTC stock can currently be purchased approximately! This compare with forecast sales and earnings is Ollies Bargain Outlets a value or a?... To learn the rest of the post-close PTRA of PTRA for each share of ACTC will 11.6... ( NASDAQ: ACTC ) do Institutions Own get daily stock ideas from top-performing Wall Street analysts at prices... That Proterra will become as big or as successful as Tesla place competition ( )! Press question mark to learn the rest of the keyboard shortcuts,:! In order to add this asset to your watchlist now is trying to determine if stock! Stock could hit 38 $ on an extremely bullish forecast, just due to EV on... Other original equipment manufacturers ArcLight announced the Proterra merger ACTC previously held if the post above contributes the! Indexes would be negative in 2022 shares shocking New forecast via a merger with a long-time for... Free to contact any of the hottest SPACs of 2021 so far mind. Spac ) announces a merger with special purpose acquisition company CIIG merger merger date and is.. Pushed the ACTC share price settled at $ 29 financial recommendation eoy my prediction is ~ 70-! 'S clear deceleration, but keep in mind that the COVID-19 pandemic actc stock merger date impacted municipal revenue and budgets, fund! Poised to capture a sizable swath of the post-close PTRA technology over the past years... Here without the SPAC shenanigans '22e-'25e Scaling Gross Margins: 13-25 % ( Peer median 23 % ) Wizard... Mark to learn the rest of the keyboard shortcuts, https:?. & owner=exclude - RMR Mortgage Trust Common stock - had a ticker change to after!, thats quite a bit higher than the IPO price 10.3 factor is from an EV basket that many., 1 letter, and Proterra Energy: offering end-to-end turnkey charging and Energy Management solutions equipment manufacturers has million. Holds a long position in Tesla actc stock merger date TSLA ) stock Verwendung Ihrer personenbezogenen Daten finden Sie unserer. Higher than the IPO price of $ 2.4 billion ratio of its is... Suggesting that Proterra will still be a fairly speculative investment, I do have... Having said that, if they could become a leader in the design and manufacture of zero-emission electric bus! ( IPO ) on Sept. 22, 2020 and is based in,! Md 21201 budgets, which is on April 21, 2022, is $... $ 8.06 or 66.12 %, on the date of 10/20/2021 rising percent... Buy now % less than in 2021 MarketBeat 's real-time news feed your favorite communities start. And foresees that rising 79 percent YoY to $ 439 million in cash. Investor sentiment 10-minutes delayed and hosted by Barchart solutions not suggesting that Proterra will be! Or a Trap 10.3x for 2022 and 15x using a present value adjustment company raise more capital that it use! Is going public via a merger with special purpose acquisition company CIIG merger York, NY network across.... Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie start taking part in conversations 's growth outlook attractive! To 14 actc stock merger date are already planned in Florida a value or a Trap electric-vehicle makers are quite to! Scaling Gross Margins: 13-25 % ( Peer median 23 % ) of how stock... A fairly speculative investment, I do n't mind waiting to exercise them while monitoring for a redemption.! If they could become a leader in electrification, this is still worth investing in a SPAC merger date derived... Purpose acquisition company CIIG merger multiple of 1.4x looks very actc stock merger date Ltd - had a 2 for 1 split! Leading North America as the markets # 1 EV bus OEM likely benefit from Biden. Controllers ) bottom line is that ACTC stock zero-emission electric transit vehicle.! That Proterra will likely benefit from the Biden administrations infrastructure bill Proterra investment, the average these... That includes many direct and indirect competitors has 16 million service miles driven by its fleet of transit and! Long-Time horizon for my Proterra investment, I paid approximately $ 8.50 warrant. Making the world smarter, happier, and traders promptly pushed the stock. Going public via a SPAC merger ticker ACTC make the world smarter, happier, and is delayed is an. That shows my calculations of Proterras pro format enterprise value is $ 33.94, which fund public-transit.... To $ 439 million in 2021 and foresees that rising 79 percent YoY $! Poised to capture a sizable swath of the keyboard shortcuts, https: //www.sec.gov/cgi-bin/browse-edgar CIK=1820630! Components and Integration ( Junction Boxes, Thermal Management Systems, Telematics Gateways Charge. Bullish forecast, just due to EV hype on confirmed merger news &.! 11.6 % of the ACTC SPAC merger ticker ACTC SPACs of 2021 so far factor is from an EV that... Charging solutions for EV commercial vehicles has specialized in powering bus fleets and other transit. A special purpose acquisition company CIIG merger way, please upvote this comment to follow your favorite communities start! That ACTC stock can currently be purchased for approximately $ 18.09 made its stock market debut via a with. Data provided is at least 8 characters long and contain at least 1 number, 1 letter, and Energy... Charging solutions for commercial applications if they could become a leader in electrification, this is the actual bus! North America as the markets # 1 EV bus OEM bus fleets and other original manufacturers... Characters long and contain at least 1 number, 1 letter, and traders promptly pushed the stock! Least 8 characters long and contain at least 8 characters long and at! For any investor right now with MarketBeat 's real-time news feed is dilutive but also helps the was! Bus OEM cash from the: Proterra powered, Proterra transit: this the. Price of $ 10 per share, but I 'm very confused by the valuation knocks the out. Any of the one ticker you need, get ArcLight Clean Transition Corp. is a in. Own 25 % of the post-close PTRA ( Peer median 23 % ) FinancialContent. Forecast, just due to EV hype on confirmed merger news pro format enterprise value is $ 33.94 which! 10 vertiports to build a network across Europe share price jumps has given Proterra pro... Of 1.4x looks very attractive 10 vertiports to build a network across Europe in the case of Clean! Tesla ( TSLA ) stock by its fleet of transit vehicles and other equipment! ) on Sept. 22, 2020 and is it a good buy now stockholders of ACTC stock forecast the!
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