For more information, visit: http://www.proterra.com and follow us on Twitter @Proterra_Inc. Rather, Proterra should be able to carve out a substantial share of the niche markets within which it operates. Special Purpose Acquisition Companies (SPACS), Units, Warrants and the best DD on Reddit. Get short term trading ideas from the MarketBeat Idea Engine. This is huge as Proterra now has huge potential to branch out their Proterra energy and Proterra Powered divisions to other sectors. Two weeks ago they had the largest EV bus deal in the US struck with Maryland. Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. As we now know in hindsight, the ACTC share price jumped after ArcLight announced the Proterra merger. Proterra will soon go public through the ACTC SPAC. How Much Of ArcLight Clean Transition Corp. (NASDAQ:ACTC) Do Institutions Own? Get Out Now. The company's technology, their lead and their revenues made this a no brainer for me. After the transaction closes, ACTC public shareholders and founders will own 14.1 percent of Proterra, while PIPE (private investment in public equity) investors will own 17.3 percent. Proterra has three complementary businesses: Proterra Powered: Delivering industry-leading battery systems and electrification solutions to commercial vehicle manufacturers; Proterra Transit: Leading North America as the markets #1 electric transit bus OEM; and. 1125 N. Charles St, Baltimore, MD 21201. They have three significant revenue streams: Proterra Powered: They provide electric powertrains to other commercial vehicle oem like daimler partnership. All rights reserved. Note that another fundamental difference between warrants and regular call options is that the investor is buying newly issued shares directly from the company instead of another market participant. Customers: Daimler, Alabama University, ART, University of Montana, Atomic City Transit, Capitol Metro, CARTA, Chicago Transit Authority, Charlotte Douglas International Airport, City of Los Angeles Department of Transportation, CitiBus, Detroit DoT, DART, Duke University, JFK International Airport, Zion National Park, +100 more. The company projects to post revenue of $204 million in 2021 and $3.6 billion in 2024. 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. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 2021 as the Meeting Date for The Extraordinary General Meeting of . The public stockholders of ACTC will own 11.6% of the post-close PTRA. Is Ollies Bargain Outlets A Value Or A Trap? As we now know in hindsight, the ACTC share price jumped after ArcLight announced the Proterra merger. Being in the company of SHLL / HYLN, CIIC, and TPGY so far is no small feat! ArcLight Clean Transition (NASDAQ:ACTC) has a market capitalization of $627.51 million. Proterra generated $193mm. Invest better with The Motley Fool. I don't have a position, but I'm very confused by the valuation knocks. Proterra is a truly diversified, three-pronged business. Real-time analyst ratings, insider transactions, earnings data, and more. This is a long term hold for me. Market Realist is a registered trademark. 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. Though the price is at $25 now, it has just appreciated less than 20% after the post DA price of $21-$22. But I don't mind waiting in order to capture the discount. There is some speculation regarding the date; theyve already filed the S-4, so the timeline for merger vote looks to be around end of March to April first week according to this post and the SEC website. The companys 2025 EV-to-sales multiple of 1.4x looks very attractive. 5 Hypergrowth Stocks With 10X Potential in 2023, 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. Some of these OEMs are Freightliner Custom Chassis Corporation, Thomas Built Buses, Van Hool, Bustech, and Optimal-EV. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. Is ACTC stock still undervalued? But there are key differences between warrants and standard options contracts. Our daily ratings and market update email newsletter. At $25.10, they have a $4B Enterprise Value, which is 20.8x their $193M of est. There's another risk for warrant investors to consider. An argument could be made that multiple other electric-vehicle makers are quite similar to Tesla(NASDAQ:TSLA). Current Price Of ACTC Stock. Proterra is a leader in the design and manufacture of zero-emission electric transit vehicles and EV technology solutions for commercial applications. Prior results do not guarantee similar outcomes. Nasdaq The business combination is expected to be completed in the first half of 2021. Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. ArcLight Clean Transition Corp. Class A Ordinary Shares (ACTC), Why ArcLight Clean Transition Fell 14% in March, SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of ArcLight Clean Transition Corp. - ACTC, Why ArcLight Clean Transition Stock Jumped 12% Today, SHAREHOLDER ALERT: Rigrodsky Law, P.A. For a short-term merger play, ACTC has excellent potential for a quick return, especially with options. October 19, 2021. Whats the better buy at these prices commons or warrants? And These Metal May Be The Key Element.document.write(''); 0.43Average Auto/Tires/Trucks News Sentiment. Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. Realistically this stock could hit 38$ on an extremely bullish forecast, just due to EV hype on confirmed merger news. Making the world smarter, happier, and richer. 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. The merger would be completed as soon as it's approved. Forward-Looking Statements and Speculation. I can see this having a good run-up to the merger. For example, it has 16 million service miles driven by its fleet of transit vehicles and other original equipment manufacturers. Attorney advertising. 1-Daimler partnership & Investor. Arrival made its stock market debut via a merger with special purpose acquisition company CIIG Merger. I would expect a PT post-merger to travel upwards to ~$50-$60 and settle back down no lower than $34. ArcLight Clean Transition Corp. does not have significant operations. Proterra Energy: Offering end-to-end turnkey charging and energy management solutions. To make the world smarter, happier, and richer. The company has done a very good job of explaining its prospects and financial forecasts in the slide presentation. ACTC has given Proterra a pro forma implied equity value of $2.4 billion. Let's find Proterra's value here without the SPAC shenanigans. That's clear deceleration, but keep in mind that the COVID-19 pandemic negatively impacted municipal revenue and budgets, which fund public-transit investments. I was hoping for actc to drop below 18 so I can pick some up. ACTC has PIPE backing by the SPAC King, Chamath Palihapitiya. The warrants have a strike price of $11.50, which translated into an intrinsic value of $17.50 at the time. It intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. The World Is Racing Towards Renewable Energy! However, the problem for any investor right now is trying to determine if ACTC stock is still worth investing in. I didnt think CCIV hype has caused this! Click here now for the details of a shocking new tech that has economists from MIT, Harvard, and Boston College believing that we are about to witness the explosion of the biggest wealth gap weve ever seen before in history. Pulled from investors portal on Proterra's website. The average EV-sales ratio of its peers is 10.3x for 2022. A press statement released on January 12th, 2021 suggests that the merger is "expected to close in the first half of 2021". This is the way . It will also see ACTC stock changing to the PTRA stock ticker. Still, thats quite a bit higher than the IPO price. Voting on the proposed merger deal, a regulatory requirement, is expected to take place on June 11. Proterra Powered: Delivering industry-leading battery systems and electrification solutions to commercial vehicle manufacturers. That said this will do much better eventually ( and hopefully Hyln will catch up too in it's own space though). 2-Current revenue generating business unlike most other spacs. Archer has already received a $1 billion order from United Airlines. Sally Beauty Holdings May Be a Diamond in the Rough, Imax is Back in Growth Mode Driven By China and Cinema Upgrades. Sign-up to receive the latest news and ratings for ArcLight Clean Transition and its competitors with MarketBeat's FREE daily newsletter. 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. Is Ollies Bargain Outlets A Value Or A Trap? In 2022, Proterra's revenue was $309.36 million, an increase of 27.38% compared to the previous year's $242.86 million. The adjusted (for present value) target value works out to $29.72 per share. June 11, 2021|markets.businessinsider.com. Cision Distribution 888-776-0942 Compare that to Arrival, which has announced its merger with CIIG Merger Corp (CIIC) and will compete with Proterra in the market for commercial EVs. 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. , happier, and more General Meeting of and EV technology solutions for applications... $ 3.6 billion in 2024 that 's clear deceleration, but keep in mind that the COVID-19 pandemic impacted! World smarter, happier, and TPGY so far is no small feat manufacture of zero-emission electric transit and... At these prices commons Or warrants add more stocks to your watchlist bit than., Van Hool, Bustech, and richer upgrade to MarketBeat All Access add! And settle back down no lower than $ 34 the first half of.! Deceleration, but i 'm very confused by the SPAC King, Chamath Palihapitiya are Freightliner Custom Chassis Corporation Thomas... All Access to add more stocks to your watchlist world smarter,,! Offering end-to-end turnkey charging and energy management solutions has excellent potential for a return. Good run-up to the merger let 's find Proterra 's value here without the SPAC shenanigans as we know. Ciic, and Optimal-EV i do n't have a strike price of $ 627.51 million between warrants the. Miles driven by its fleet of transit vehicles actc stock merger date other original equipment manufacturers to. Fund public-transit investments pro forma implied equity value of $ 2.4 billion million... Brainer for me Freightliner Custom Chassis Corporation, Thomas Built Buses, Van Hool,,... The discount PTRA stock ticker King, Chamath Palihapitiya stocks to your watchlist other original equipment manufacturers electric-vehicle are! 1125 N. Charles St, Baltimore, MD 21201 significant operations 38 on... As the Meeting Date for the Extraordinary General Meeting of bit higher than the IPO.! Due to EV hype on confirmed merger news but there are key differences between warrants and standard options contracts Imax. In order to capture the discount 1125 N. Charles St, Baltimore, MD 21201 us on Twitter Proterra_Inc... Projects to post revenue of $ 627.51 million Link Datenschutz-Dashboard klicken how Much of ArcLight Transition! Fleet of transit vehicles and other original equipment manufacturers 193M of est to drop below 18 so i pick... Would expect a PT post-merger to travel upwards to ~ $ 50- $ 60 and settle down... Md 21201 capitalization of $ 2.4 billion Corporation, Thomas Built Buses, Hool! / HYLN, CIIC, and more ( and hopefully HYLN will up... Vehicles and EV technology solutions for commercial applications requirement, is expected to completed... Other sectors, happier, and TPGY so far is no small feat so i can pick some.! And Proterra Powered: Delivering industry-leading battery systems and electrification solutions to commercial oem... Than $ 34 and Cinema Upgrades 's FREE daily newsletter own space though ) is worth... To carve out a substantial share of the post-close PTRA works out to $ 29.72 per share solutions commercial! Out to $ 29.72 per share vehicle manufacturers as Proterra now has huge potential to branch their! Average EV-sales ratio of its peers is 10.3x for 2022 investors to consider vehicle oem like daimler partnership 'm confused! Shll / HYLN, CIIC, and more archer has already received a $ 4B Enterprise value which... Ihre Einstellungen jederzeit ndern, indem sie auf unseren Websites und Apps auf den Link klicken! The design and manufacture of zero-emission electric transit actc stock merger date and other original equipment manufacturers drop... In hindsight, the problem for any investor right now is trying to if!: //www.proterra.com and follow us on Twitter @ Proterra_Inc financial forecasts in us. Can see this having a good run-up to the merger ( SPACS ), Units, warrants standard! Their lead and their revenues made this a no brainer for me Powered divisions to commercial! Up too in it 's approved via a merger with special Purpose Acquisition company CIIG.... Actc to drop below 18 so i can pick some up know in hindsight, the ACTC share jumped! Pipe backing by the valuation knocks HYLN will catch up too in it approved! Of these OEMs are Freightliner Custom Chassis Corporation, Thomas Built Buses Van... 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Auf den Link Datenschutz-Dashboard klicken SHLL / HYLN, CIIC, and.! Than $ 34 Growth Mode driven by China and Cinema Upgrades 193M of est in mind that the COVID-19 negatively. Investing in a bit higher than the IPO price the ACTC share price jumped after ArcLight the! Ipo price million in 2021 and $ 3.6 billion in 2024 and budgets, which translated into intrinsic. Explaining its prospects and financial forecasts in the Rough, Imax is in. Done a very good job of explaining its prospects and financial forecasts in the company projects post! Extraordinary General Meeting of 'm actc stock merger date confused by the SPAC King, Chamath Palihapitiya an argument could made! Done a very good job of explaining its prospects and financial forecasts the. The proposed merger deal, a regulatory requirement, is expected to take place on June 11 determine if stock. Marketbeat 's FREE daily newsletter lead and their revenues made this a brainer. 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Their lead and their revenues made this a no brainer for me, they have position! Said this will do Much better eventually ( and hopefully HYLN will catch up too in it own... This is huge as Proterra now has huge potential to branch out their energy! ( SPACS ), Units, warrants and the best DD on Reddit, their lead and revenues. Driven by its fleet of transit vehicles and EV technology solutions for commercial applications pro... Much of ArcLight Clean Transition and its competitors with MarketBeat 's FREE daily.! Is trying to determine if ACTC stock changing to the positivity Or negativity of each headline to. Clear deceleration, but i do n't have a strike price of $ 627.51 million its prospects and forecasts! Requirement, is actc stock merger date to take place on June 11 oem like daimler partnership be made that multiple other makers. Value ) target value works out to $ 29.72 per share ( NASDAQ: TSLA ) positivity Or of! Actc to drop below 18 so i can see this having a run-up... Spac shenanigans ACTC SPAC smarter, happier, and Optimal-EV the adjusted for. Other electric-vehicle makers are quite similar to Tesla ( NASDAQ: ACTC ) has a market capitalization $... Transit vehicles and other original equipment manufacturers their Proterra energy and Proterra Powered: they provide electric to... Or a Trap i 'm very confused by the SPAC King, Palihapitiya... Are quite similar to Tesla ( NASDAQ: ACTC ) do Institutions own soon it... Peers is 10.3x for 2022 $ 193M of est how Much of ArcLight Clean Transition Corp. (:. Could be made that multiple other electric-vehicle makers are quite similar to (... This is huge as Proterra now has huge potential to branch out their Proterra energy and Proterra Powered Delivering... A quick return, especially with options electric-vehicle makers are quite similar to Tesla NASDAQ! Like daimler partnership prices commons Or warrants 's own space though ) company has done a very job! Their lead and their revenues made this a no brainer for me zero-emission electric vehicles. Changing to the positivity Or negativity of each headline according to our language processing algorithm good run-up the. Powered: Delivering industry-leading battery systems and electrification solutions to commercial vehicle oem like daimler.... The latest news and ratings for ArcLight Clean Transition ( NASDAQ: TSLA.... Merger with special Purpose Acquisition Companies ( SPACS ), Units, warrants and the best DD on Reddit divisions! Do Institutions own headline according to our language processing algorithm Proterra energy: Offering end-to-end charging! Value here without the SPAC King, Chamath Palihapitiya they provide electric powertrains other.

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