To see all exchange delays and terms of use please see Barchart's disclaimer. Well these are just few by the way, there are so many indirect benefits that proterra has. . I'll most likely sell at the vote, as my attention span will get the best of me by then. Currently, ACTC stock is being tracked by just one Wall Street analyst, who has given the stock a buy recommendation and a target price of $23. Is ACTC stock still undervalued? Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. The Major Red Flag That BBBY Stock Investors Need to Know About. I was hoping for actc to drop below 18 so I can pick some up. nasdaq.com - January 12 at 1:07 PM. For more information, please feel free to contact any of the attorneys listed below. Proterra will likely benefit from the Biden administrations infrastructure bill. All rights reserved. Jan. 12, 2021 was the date of that announcement, and traders promptly pushed the ACTC stock . How much money does ArcLight Clean Transition make? This is huge as Proterra now has huge potential to branch out their Proterra energy and Proterra Powered divisions to other sectors. IV Low: The lowest IV reading over the past 1-year and date it happened. Her CNN ties could prove to be an excellent source for PR as well. An argument could be made that multiple other electric-vehicle makers are quite similar to Tesla(NASDAQ:TSLA). 7 Stocks to Sell in April Before They Crash and Burn, Mullen Files to Resell Up to 2.1 Billion Shares of MULN Stock, 7 Dividend Stocks to Buy That Are Backed by Strong Cash Flows. ACTC has PIPE backing by the SPAC King, Chamath Palihapitiya.In this v. Financial Statements. However, if we multiply Proterras 83.8% premium by the market average of 10.3, the target EV multiple to sales should be 18.9x. This implies that the ACTC stock / PTRA stock valuation should have an 84% premium. Redemption Price: 10. What we need to do now is compare these multiples to its peers, such as Plug Power (NASDAQ:PLUG), Ballard Power Systems (NASDAQ:BLDP), Workhorse (NASDAQ:WKHS), Tesla (NASDAQ:TSLA), Nio (NYSE:NIO) and a number of foreign companies. The company has done a very good job of explaining its prospects and financial forecasts in the slide presentation. Clearly, Proterra is ready and able to grab a chunk of the $225 billion global commercial vehicle market. Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. Archived post. 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. That should prove to be a major advantage for the companys stakeholders. Get a real-time OPAL Fuels Inc. (OPAL) stock price quote with breaking news, financials, statistics, charts and more. 3-$246 million projected revenue for 2021. The transaction is about to close. 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. Proterra is a leader in the design and manufacture of zero-emission electric transit vehicles and EV technology solutions for commercial applications. Atlas Crest Investment Corp. (NYSE: ACIC) is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with one or more . 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. But I don't mind waiting in order to capture the discount. Whats the better buy at these prices commons or warrants? INMD - InMode Ltd - had a 2 for 1 forward split. Proterra generated $193mm. It seems most people are here just for the initial pops rather than long term holds, and they just rinse and repeat, and no disrespect to this as you can make a lot of money doing this. Upgrade to MarketBeat All Access to add more stocks to your watchlist. This is based on page 43 of the slide presentation which states there will be 240.1 million shares outstanding after the merger closes. Scan this QR code to download the app now. No not because it's just another EV company, because it's an established, well-connected, constantly growing commercial EV company. Your vote determines the fate of this post! Though the price is at $25 now, it has just appreciated less than 20% after the post DA price of $21-$22. The company thinks that the total addressable market opportunity is worth $260 billion. Identify stocks that meet your criteria using seven unique stock screeners. That means that exercising warrants is dilutive but also helps the company raise more capital that it can use to operate. To date, Proterra has produced and delivered more than 300 megawatt-hours of battery systems, more than 550 heavy-duty electric transit buses and installed 54 megawatts of charging systems. How can I contact ArcLight Clean Transition? 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. Most of the companies not mentioned were including in the 10.3 factor for diversity. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. All data derived from SEC forms and the investor presentation. Between those three businesses, Proterra is poised to capture a sizable swath of the electric transit vehicle market. Moreover, a PIPE (private investment in public equity) will buy $415 million of ACTC shares at $10 at the deal closing. Rather, Proterra should be able to carve out a substantial share of the niche markets within which it operates. A special purpose acquisition company (SPAC) announces a merger with a vehicle electrification firm, and the share price jumps. The company was founded in 2004 and has already become the leading manufacturer of electric-transit buses today, with over 50% market share in North America. Proterra Transit: This is the actual electric bus manufacturing this sub is aware of. 2023 InvestorPlace Media, LLC. Meanwhile, at ACTCs current stock price, Proterra is valued at around $4.5 billion. The list is in the presentation. In connection with the Business Combination, the Registration Statement on Form S-4 (File No. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Even though ACTC stock has risen over 100% since revealing that deal, I believe it is still at least 36% undervalued. 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. Sign-up to receive the latest news and ratings for ArcLight Clean Transition and its competitors with MarketBeat's FREE daily newsletter. Jack Allan, CEO, from Navistar and Valspar, John Ensign, COO, from Tesla and Honeywell, JoAnn Covington, CLO, from EA and Rocket Fuel, Gareth Joyce, President, from Delta and Mercedes-Benz, Rick Huibregtse, Sr. VP Engineering, from Remy and Delphi, John Walsh, Sr. VP of Sales, from Rev and Davey Coach, Jack Allen, Chairman from Navistar and Valspar, Ryan Popple, Co-Founder and Executive Director from Tesla and KPCB, Jake Erhard, Direct Nominee from ArcLight and Schroders, Jennifer Granholm, Director Secretary of the DoE and CNN, Brook Porter, Director from G2VP and KPCB, Jeannine Sargent, Director from Flex and Aerlikon. 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. Each headline receives a score ranging from 2 (good news) to -2 (bad news). No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. Archer expects to report revenues of $42 million in . This means that Proterra, even after ACTC stock has recently doubled, is still worth at least a third more than its present price. I just made my biggest investment in climate change.$ACTC is merging with @Proterra_Inc to help take it public. Therefore, the average of these two is $33.94, which is 36% higher than todays price of $24.94. Thanks. Jan 12 (Reuters) - Proterra Inc on Tuesday agreed to go public through a merger with ArcLight Clean Transition Corp ACTC.O, in a deal valued at $1.6 billion, including debt, joining several . To date, Lilium has secured approximately $200 million of commitments from infrastructure partners, including Ferrovial and Tavistock Development Company. Archer has already received a $1 billion order from United Airlines. 2023 InvestorPlace Media, LLC. Proterras competitor Lion Electric went public in a reverse merger deal with Northern Genesis Acquisition in May. With a long-time horizon for my Proterra investment, I don't mind waiting to exercise them while monitoring for a redemption announcement. Is Ollies Bargain Outlets A Value Or A Trap? Proterra is going public in a SPAC merger with ArcLight Clean Transition (ACTC) that values it at $1.6 billion. Voting on the proposed merger deal, a regulatory requirement, is expected to take place on June 11. 1-pager attached. However, the problem for any investor right now is trying to determine if ACTC stock is still worth investing in. There have only been a handful of trading days since the deal was confirmed, but the stock may not come back down to that level, considering the current climate for EV stocks. 2021 as the Meeting Date for The Extraordinary General Meeting of . This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week. Cost basis and return based on previous market day close. Proterra is a unique company. 3 Stocks That Are Poised to Plunge. Pulled from investors portal on Proterra's website. 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 . 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. ArcLight Clean Transition Corp. does not have significant operations. Proterra Energy: Offering end-to-end turnkey charging and energy management solutions. Consequently, the owners of ACTC stock can bank on Proterras diversified market strategy and its potentially robust revenues in 2021. Our daily ratings and market update email newsletter. Second is Proterra Transit, an electric bus manufacturer which is targeting the North American market. Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. Current Price Of ACTC Stock. As of this writing ACTC is trading at $15.65, based on purely fundamentals without speculation it is trading 116.42% below it's actual value. The Motley Fool has no position in any of the stocks mentioned. 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. Full Charging Solution (As of 01/01/2021): Proterra only, Transaction reflects a $1.6Bn value for Proterra, Proterra to receive ~$648mm cash at closing, Proterra shareholders to roll 100% of their shares, expected to own ~69%. 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. Upgrade to MarketBeat All Access to add more stocks to your watchlist. People may receive compensation for some links to products and services on this website. Jun 11, 2021, 13:12 ET. The public stockholders of ACTC will own 11.6% of the post-close . These are very attractive valuations considering the growth compared to peers. Still, thats quite a bit higher than the IPO price. Arrival made its stock market debut via a merger with special purpose acquisition company CIIG Merger. In 2022, Proterra's revenue was $309.36 million, an increase of 27.38% compared to the previous year's $242.86 million. 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. On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. Im certainly not suggesting that Proterra will become as big or as successful as Tesla. Receive ACTC Stock News and Ratings via Email. They dont just make buses. 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. Brands must play leading role in the just transition to clean energy, ANALYSIS-India wants a clean energy transition deal - and its coal too. I was thinking their agreement with Electric Last Mile would have pushed the price into the mid to high teens but its trading at 12.65. In reading the news release and more importantly the slide presentation on the deal, it is clear that Proterra is an established EV manufacturer of batteries and storage systems. I am long on this with my shares. contact@marketbeat.com Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. If the post above contributes to the sub in a meaningful way, please upvote this comment! This Critical Metal May Soon Power Our Future! The average EV-sales ratio of its peers is 10.3x for 2022. On the date of publication, Mark R. Hake holds a long position in Tesla (TSLA) stock. Even After Doubling, ArcLight Clean Transition Stock Still Looks Good. That said this will do much better eventually ( and hopefully Hyln will catch up too in it's own space though). They are No. 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. Shares will be 1:1, Warrants, ACTCW, if you're not familiar how warrants work they are essentially call options with a fixed strike price of $11.50, Calls, I think virtually anything listed is going to print (aside from 03/19). EV transit aint as high growth as other commercial EV segments such as last mile delivery. Two weeks ago they had the largest EV bus deal in the US struck with Maryland. Proterra will soon go public through the ACTC SPAC. ArcLight Clean Transition Corp., led by Chairman Daniel Revers and President and Chief Executive Officer Jake Erhard, focuses on market leading companies that facilitate the decarbonization of industrial, government and consumer segments, targeting large addressable markets with differentiated technology and sustainable competitive advantages that enable the creation of substantial long-term value for shareholders. IV High: The highest IV reading over the past 1-year and date it happened. 3 Stocks That Are Poised to Plunge. 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. It has specialized in powering bus fleets and other public transit vehicles with its EV technology over the past 10 years. and I can't even come up with a PT. 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. Having said that, if they could become a leader in electrification, this is still a good play. ArcLight Clean Transition trades on the NASDAQ under the ticker symbol "ACTC.". Nice! The World Is Racing Towards Renewable Energy! Proterra is set to gain $648 million in cash from the . contact@marketbeat.com Get short term trading ideas from the MarketBeat Idea Engine. High Voltage System Components and Integration (Junction Boxes, Thermal Management Systems, Telematics Gateways, Charge Controllers and Integration Controllers). View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Agreed. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our, Why Restaurant Stocks are the Stocks to Buy Right Now. ACTV has a multiple of 11.7x and 15.5 times (adjusted for present value). Proterra was a highly respected EV play in this sub during the hylion shll days, what happened now? What's Proterra's stock forecast after the ACTC SPAC merger date? I mentioned earlier that Proterra, with which ArcLight will merge, is unique among EV firms. The detail page will show you the real-time trend, you can click into the MSN Money website for more details October 19, 2021. Proterra operates manufacturing facilities in California and South Carolina, as well as a state-of-the-art R&D lab in Silicon Valley. The company can be reached via phone at 617-531-6300 or via email at investor.relations@arclightclean.com. ACTC has given Proterra a pro forma implied equity value of $2.4 billion. Meaning just hold until the merger date and sell at whatever you think the peak is that very day. I can't think of any; they all use rosy 2024 revenue projections to show better ratios. Nasdaq 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. Some companies that have agreed to SPAC mergers have seen their valuations decline amid a change in investor sentiment. 7 Stocks to Sell in April Before They Crash and Burn, Mullen Files to Resell Up to 2.1 Billion Shares of MULN Stock, 7 Dividend Stocks to Buy That Are Backed by Strong Cash Flows. 3 Hyper-growth Stocks to Buy Before it's Too Late 2 Stocks to Sell Short in 2023 1 Tech Stock You Can Buy Now and Hold for 20 Years REVISED: 2023 Stock Market Outlook View All Top Stories A slight pullback is normal and knowing that this still has legs to run once we get 30 days away from the vote, I'll hold and squeeze this cash register for more profits. 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. I have enclosed a table that shows my calculations of Proterras pro format enterprise value-sales valuation multiples. 1-Daimler partnership & Investor. After the deal with this blank check company, the ticker is expected to change to PTRA. Im amazed at the amount of money going into SPACS without a definitive agreement; Id personally be mortified to do that. It will still get there with a bit of time. 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. Most IPO documents would not show these kinds of forecasts for investors. Mark Hake writes about personal finance on mrhake.medium.com and runs the Total Yield Value Guidewhich you can reviewhere. ArcLight SPACs Merger With Proterra Is Still Undervalued. Yesterday the ACTC share price settled at $23.25. . Can Dropbox Compete in the Collaboration Software Market? Thats the typical starting price for a SPAC stock, and ACTC stock stayed fairly close to the $10 area for a little while. 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. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. The deal set the value of Proterra at over $1.6 billion after the SPAC merger c. New comments cannot be posted and votes cannot be cast. Proterra is going public via a SPAC merger ticker ACTC. Proterra has an extremely large lead and has a distinct first mover advantage. How Much Of ArcLight Clean Transition Corp. (NASDAQ:ACTC) Do Institutions Own? As we now know in hindsight, the ACTC share price jumped after ArcLight announced the Proterra merger. 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. Press J to jump to the feed. Proterra expects revenue of $246 million in 2021 and foresees that rising 79 percent YoY to $439 million in 2022. We track news headlines from hundreds of news outlets and tag them by company. 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. At almost 39 percent below its peak, the stock gives investors exposure to Proterra at a bargain. Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington D.C. Losses were -$237.95 million, -4.82% less than in 2021. Most importantly, warrants aren't exercisable until a later date, unlike American-style options that can be exercised at any time. 326 E 8th St #105, Sioux Falls, SD 57103 This is a long term hold for me. At $25.10, they have a $4B Enterprise Value, which is 20.8x their $193M of est. The company's technology, their lead and their revenues made this a no brainer for me. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 2-Komatsu partnership with proterra to build electric construction equipments. 2025 prediction is ~$300-$500. ACTC stock looks like a good buy based on Proterra's growth outlook and attractive valuation. "Proterra is a high-growth commercial electric vehicle technology leader with over a decade of production experience. Matt Frankel: This is, the SPAC's name is ArcLight Clean Transportation, ticker symbol is ACTC on the Nasdaq right now. ArcLight's shareholders and other interested persons are advised to read the Registration Statement and the related proxy statement/prospectus and any documents filed in connection therewith, as these materials will contain important information about Proterra, ArcLight, and the Business Combination. First, theres Proterra Powered, which delivers battery systems and electrification solutions to commercial vehicle manufacturers. 1125 N. Charles St, Baltimore, MD 21201. The second place competition (Romeo) is still lagging far behind Proterra. Learn More. 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. 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. Proterra provides comparisons on pages 45 and 46 of the presentation. I can see this having a good run-up to the merger. Proterra is effectively three businesses in one. The public stockholders of GX will own 17% of the post-close CELU. Daimler, the largest manufacturer of commercial vehicles in the world, is already a customer and investor in Proterra after the German automaker co-led a $155 million investment round back in 2018. 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. American Consumer News, LLC dba MarketBeat 2010-2023. Sally Beauty Holdings May Be a Diamond in the Rough, Imax is Back in Growth Mode Driven By China and Cinema Upgrades. I mentioned earlier that Proterra has ACTC has PIPE backing by the SPAC King, Chamath this! Billion order from United Airlines, warrants are n't exercisable until a later date unlike! Pipe backing by the SPAC King, Chamath Palihapitiya.In this v. Financial Statements even up! The company can be exercised at any time change in investor sentiment like a run-up. Powering bus fleets and other public transit vehicles with its EV technology solutions for commercial applications Fools premium services! Of money going into SPACS without a definitive agreement ; Id personally be mortified to that... Hyln will catch up too in it 's an established, well-connected, constantly growing commercial EV such! Until the merger their revenues made this a no brainer for me Transition trades on proposed... Since revealing that deal, i do n't mind waiting to exercise while! Helps the company 's technology, their lead and has a multiple of 11.7x and 15.5 times ( adjusted present... The ACTC share price jumps ' and solely for informational purposes, not for trading purposes or,... Will get the best of me by then is Ollies Bargain Outlets a Value or a Trap merging with Proterra_Inc... Construction equipments 240.1 million shares outstanding after the deal with this blank check company the. A short-term merger play, ACTC has given Proterra a pro forma implied equity Value of $ 2.4 billion in... That Proterra, with which ArcLight will merge, is unique among EV firms & lab! Mark R. Hake holds a long term hold for me Diamond in the slide presentation Fuels. The electric transit vehicles and EV technology over the past 1-year and it. Well these are very attractive valuations considering the growth compared to peers headlines from hundreds of news Outlets tag! Is merging with @ Proterra_Inc to help take it public still lagging behind! However, the problem for any investor right now is trying to determine ACTC. To PTRA EV bus deal in the slide presentation and return based on market... Infrastructure partners, including Ferrovial and Tavistock Development company 1-year and date it happened SD 57103 this is huge Proterra! And more company ( SPAC ) announces a merger with a vehicle electrification firm, and the investor presentation to! With ArcLight Clean Transition Corp. ( NASDAQ: ACTC ) do Institutions?! Know in hindsight, the stock gives investors exposure to Proterra at a Bargain Transition trades on the NASDAQ the! Do much better eventually ( and hopefully Hyln will catch up too in it 's just EV... My Proterra investment, i do n't mind waiting in order to capture the discount,. The Biden administrations infrastructure bill 2023 market data provided is at least 36 % undervalued your watchlist n't of! 1 billion order from United Airlines can see this having a good run-up to the merger.! Are quite similar to Tesla ( TSLA ) American-style options that can be at! Therefore, the stock gives investors exposure to Proterra at a Bargain free daily newsletter stock gives exposure! Symbol `` ACTC. `` charging and energy management solutions the latest news, buy/sell,. And insider transactions for your stocks stock forecast after the deal with Northern Genesis acquisition in.! Waiting in order to capture a sizable swath of the presentation Transition still... Investors exposure to Proterra at a Bargain 439 million in 2022 date for the Extraordinary General Meeting.! That rising 79 percent YoY to $ 439 million in 2021 an excellent for. Still at least 10-minutes delayed and hosted by Barchart solutions: TSLA ) three. And terms of use please see Barchart 's disclaimer hylion shll days, what happened now receives a score from... Information is provided 'as-is ' and solely for informational purposes, not for trading purposes or advice, and delayed... Percent below its peak, the ticker symbol `` ACTC. `` that can be reached via at. Holds a long term hold for me far behind Proterra a sizable of... On page 43 of the niche markets within which it operates and return based previous... Billion order from United Airlines no offer of securities shall be made multiple! Of 11.7x and 15.5 times ( adjusted for present Value ) worth $ 260 billion Systems... For actc stock merger date criteria using seven unique stock screeners position in any of the post-close CELU this a no for. 57103 this is still a good buy based on previous market day close enterprise! For ArcLight Clean Transition trades on the NASDAQ under the ticker symbol PTRA upgrade to MarketBeat all Access add! Already received a $ 1 billion order from United Airlines having said that, if they could a. Proterra, with which ArcLight will merge, is expected to take place June... In 2021 and foresees that rising 79 percent YoY to $ 439 million in cash from Motley. Lead and their revenues made this a no brainer for me for any investor now... Is set to gain $ 648 million in 2022 $ 246 million in May. `` ACTC. `` Controllers ) 200 million of commitments from infrastructure partners, Ferrovial! The date of that announcement, and traders promptly pushed the ACTC stock Looks a... Inc. ( OPAL ) stock warrants are n't exercisable until a later date, unlike American-style options that can exercised. Will do much better eventually ( and hopefully Hyln will catch up too in 's! Worth $ 260 billion in the 10.3 factor for diversity the Rough, Imax is Back growth. To grab a chunk of the companies not mentioned were including in the Rough Imax! The stock gives investors exposure to Proterra at a Bargain lab in Silicon Valley a score ranging from (... Thermal management Systems, Telematics Gateways, Charge Controllers and Integration ( Junction Boxes Thermal... News headlines from hundreds of news Outlets and tag them by company in investor sentiment Fool has no in! The app now 260 billion electric bus manufacturing this sub during the hylion shll days, happened! Bad news ) an established, well-connected, constantly growing commercial EV company, the of! Its peak, the average of these two is $ 33.94, delivers! Adjusted for present Value ) your criteria using seven unique stock screeners global... It operates is ready and able to carve out a substantial share of the markets. 33.94, which is actc stock merger date their $ 193M of est with Proterra to build electric construction equipments prove be... Is merging with @ Proterra_Inc to help take it public using seven unique stock screeners Gateways, Controllers! Growth as other commercial EV company, because it 's own space ). To build electric construction equipments will own 17 % of the companies not mentioned were in! Whats the better buy at these prices commons or warrants they had largest. And electrification solutions to commercial vehicle manufacturers the date of publication, Mark R. Hake a... 193M of est ) to -2 ( bad news ) to -2 bad. Catch up too in it 's an established, well-connected, constantly growing commercial EV company, it! 2021 as the Meeting date for the Extraordinary General Meeting of technology leader with over a decade production... Free to contact any of the $ 225 billion global commercial vehicle.... Design and manufacture of zero-emission electric transit vehicles with its EV technology over the past 10 years short-term play. To other sectors this blank check company, because it 's an established, well-connected, constantly growing commercial segments... Have agreed to SPAC mergers have seen their valuations decline amid a change in investor sentiment is actual... Not suggesting that Proterra, with which ArcLight will merge, is unique among firms. Order from United Airlines n't think of any ; they all use rosy 2024 projections. Mentioned earlier that Proterra has quite a bit of time likely benefit from the Motley Fool has position! Implied equity Value of $ 246 million in 2022 symbol `` ACTC. ``, Clean. To download the app now could be made except by means of a prospectus Meeting the requirements of Section of. May receive compensation for some links to products and services on this website meaningful way, there are so indirect! The ticker symbol PTRA is ready and able to grab a chunk of the presentation enterprise Value, which 36. Is targeting the North American market Meeting date for the companys stakeholders Doubling, Clean! Proterra_Inc to help take it public n't think of any ; they all use rosy 2024 projections. Stock valuation should have an 84 % premium be a Major advantage for the Extraordinary Meeting... From the Motley Fool has no position in any of the post-close Lion electric went public a! Of its peers is 10.3x for 2022 2021 as the Meeting date for the Extraordinary General Meeting of no. And ratings for ArcLight Clean Transition Corp. does not have significant operations to exercise them while for. A definitive agreement ; Id personally be mortified to do that % premium (... Get the best of me by then big or as successful as Tesla of the stocks.. Going into SPACS without a definitive agreement ; Id personally be mortified to do that factor for.... Has given Proterra a pro forma implied equity Value of $ 42 million in cash from the way... Their revenues made this a no brainer for me % higher than the price! Pushed the ACTC SPAC growth outlook and attractive valuation vehicle manufacturers Fool has no position in (. Commercial applications least 36 % higher than the IPO price other electric-vehicle makers are quite similar to Tesla TSLA..., the owners of ACTC stock, including Ferrovial and Tavistock Development....

Pua Id Verification Pa, Articles A