The Major Red Flag That BBBY Stock Investors Need to Know About. TL;DR: Fundamental's alone show this company is already 116.42% undervalued, factor in hype, forward-thinking, IPO, etc. 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. 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. Voting on the proposed merger deal, a regulatory requirement, is expected to take place on June 11. 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. The Motley Fool has a disclosure policy. These are very attractive valuations considering the growth compared to peers. The company forecasts its gross margin expanding to 25 percent by 2025 from 4 percent in 2021. No not because it's just another EV company, because it's an established, well-connected, constantly growing commercial EV company. Special meeting of stockholders of 10X Capital Venture Acquisition Corp. scheduled for July 21, 2021; Upon closing, REE will be listed on NASDAQ under the new ticker symbol "REE" Maybe a run up as DA gets more concrete? As we now know in hindsight, the ACTC share price jumped after ArcLight announced the Proterra merger. The official website for the company is arclightclean.com. Then theres Proterra Energy, which offers end-to-end, turnkey charging and energy-management solutions. Nasdaq A high put/call ratio can signify the market is oversold as more traders are buying puts . 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. The transaction has been unanimously approved by the Boards of Directors of both Proterra and ArcLight Clean Transition Corp. Expected to close "first half of 2021", aforementioned above that predictions expect voting to happen in the last week of March/first week of April. Shareholders received 1 share of PTRA for each share of ACTC previously held. I can't highlight Jennifer Granholm enough, she is the Secretary of the Department of Energy with a green Biden administration in a company that has 50% of the US Market already. Position: I hold a few shares as well as 5/21 12.50c, 15c, and 17.50c planning on dumping on merger news. In 2022, Proterra's revenue was $309.36 million, an increase of 27.38% compared to the previous year's $242.86 million. 3 Stocks That Are Poised to Plunge. 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. I have enclosed a table that shows my calculations of Proterras pro format enterprise value-sales valuation multiples. BOSTON and BURLINGAME, Calif., June 11, 2021 /PRNewswire/ -- ArcLight Clean Transition Corp. (NASDAQ: ACTC) ("ArcLight"), a publicly traded special purpose acquisition company, today announced that its shareholders have voted to approve the previously announced business combination (the "Business Combination") with Proterra Inc ("Proterra" or the "Company"), a leading innovator in commercial vehicle electrification technology. Most of the companies not mentioned were including in the 10.3 factor for diversity. Moreover, a PIPE (private investment in public equity) will buy $415 million of ACTC shares at $10 at the deal closing. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. stock forecast after the ACTC SPAC merger. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Proterra has been in production for ~10 years. Thus, even at its current price point, which is still elevated in the wake of a recent pullback, ACTC stock could still deserve a place in your portfolio. Announces Shareholder Approval of Business Combination with Proterra, ArcLight Clean Transition Corp. Im certainly not suggesting that Proterra will become as big or as successful as Tesla. 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. 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. Moreover, Proterra can boast that its products have racked up 16 million real-world miles. The company is currently undervalued by 116.42% on fundamentals alone, and that's on the "fair" end. However, without adjusting the 2022 numbers, the target price is higher at $38.16. Brands must play leading role in the just transition to clean energy, ANALYSIS-India wants a clean energy transition deal - and its coal too. Uh-Oh. Nice! To make the world smarter, happier, and richer. All rights reserved. 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. 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. AUY performed a cash and stock merger. 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. The deal is set to value Proterra at $1.6 billion after the SPAC merger closes. Therefore, the implied pro format enterprise value is $5.136 billion. ACTC stock looks like a good buy based on Proterra's growth outlook and attractive valuation. As I say this is very helpful. Some of these OEMs are Freightliner Custom Chassis Corporation, Thomas Built Buses, Van Hool, Bustech, and Optimal-EV. As mentioned in the overview, the company really operates in 3 capacities: Proterra Powered, Proterra Transit, and Proterra Energy. This battery production line was established within a year and demonstrates Proterras ability to bring its scalable and capital-efficient battery manufacturing process directly to commercial vehicle OEMs alongside their existing manufacturing." 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. $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. 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. ACTC has given Proterra a pro forma implied equity value of $2.4 billion. Proterra is going public in a SPAC merger with ArcLight Clean Transition (ACTC) that values it at $1.6 billion. 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. Stock Alert: ArcLight Clean Transition Surges 65% On Merger Deal With EV Tech Company. Archer has already received a $1 billion order from United Airlines. In-depth profiles and analysis for 20,000 public companies. What we need to do now is compare these multiples to its peers, such as Plug Power (NASDAQ:PLUG), Ballard Power Systems (NASDAQ:BLDP), Workhorse (NASDAQ:WKHS), Tesla (NASDAQ:TSLA), Nio (NYSE:NIO) and a number of foreign companies. We may support this stock at a later date. Transaction . After the transaction closes, ACTC public shareholders and founders will own 14.1 percent of Proterra, while PIPE (private investment in public equity) investors will own 17.3 percent. Realistically this stock could hit 38$ on an extremely bullish forecast, just due to EV hype on confirmed merger news. The segment below presents the ACTC stock forecast with both historical data and future predictions. nasdaq.com - January 12 at 1:07 PM. Proterra is going public via a SPAC merger ticker ACTC. Transaction Details: Upon closing of the business combination, the combined company will operate as Talkspace and intends to be listed on NASDAQ under the symbol "TALK". Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. quotes delayed at least 15 minutes, all others at least 20 minutes. 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. I believe it is by at least 36%, and the rest of this article will show why. Our daily ratings and market update email newsletter. Real World Miles Driven: Proterra has driven over 16mm real world miles, no other competition has driven any. EOY my prediction is ~$70-$80. Many folks here got burnt by Hyln's hype. ArcLight Clean Transition Corp. is a blank check company. Is Ollies Bargain Outlets A Value Or A Trap? 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. https://www.sec.gov/cgi-bin/browse-edgar?CIK=1820630&owner=exclude. All rights reserved. The company is very helpful in providing estimates. Proterra stock is set to trade on the Nasdaq under the new ticker symbol PTRA.. It has more than 300 megawatt-hours of battery systems, more than 550 heavy-duty electric transit buses, and installed 54 megawatts of charging systems. The Company has designed an end-to-end, flexible technology platform that delivers world-class performance and a low total cost of ownership to original equipment manufacturers (OEMs) and end customers. Proterra is going public via a SPAC merger with ArcLight Clean Transition Corp (ACTC). When people realize what is actually happening here and what this is about to become, I think the hype and excitement has the potential to drive these prices much higher. 1-Harvard university gets 4 proterra ev bus. All Rights Reserved. I mentioned earlier that Proterra, with which ArcLight will merge, is unique among EV firms. ArcLight Clean Transition announced its initial public offering (IPO) on Sept. 22, 2020. 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%. 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. People may receive compensation for some links to products and services on this website. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. businessinsider.com - January 13 at 5:19 AM. Announces Investigation of ArcLight Clean Transition Corp. Merger, Chamath Palihapitiya's 'biggest investment in climate change': ArcLight Clean Transition Corp. to merge with commercial EV maker Proterra, Stock Alert: ArcLight Clean Transition Surges 65% On Merger Deal With EV Tech Company, SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger of ArcLight Clean Transition Corp. with Proterra Inc, Highlights of President-Elect Joe Bidens Transition: Congress Races to Finalize Stimulus Deal, Biden's expected Energy Department pick, Granholm, could lead charge on electric cars, Biden Taps Brenda Mallory for Environmental Quality Council. Shareholders will receive $62.10 cash per share of LDL previously held. The average EV-sales ratio of its peers is 10.3x for 2022. Proterra is going public via a SPAC merger ticker ACTC. Partners: Key strategic partnership with Daimler. This Critical Metal May Soon Power Our Future! Even though ACTC stock has risen over 100% since revealing that deal, I believe it is still at least 36% undervalued. Scan this QR code to download the app now. Sign-up to receive the latest news and ratings for ArcLight Clean Transition and its competitors with MarketBeat's FREE daily newsletter. The company was incorporated in 2020 and is based in Boston, Massachusetts. A lot of these competitors being mentioned are bus manufacturers, Proterra is a fleet level ecosystem infrastructure provider. EDIT: The 10.3 factor is from an EV basket that includes many direct and indirect competitors. Based on this EV and Proterras projected total revenue, its valuation multiples for 2021 and 2022 are 15.0x and 8.4x, respectively. Announces Investigation of ArcLight Clean Transition Corp. Merger, Chamath Palihapitiya's 'biggest investment in climate change': ArcLight Clean Transition Corp. to merge with commercial EV maker Proterra, Stock Alert: ArcLight Clean Transition Surges 65% On Merger Deal With EV Tech Company, SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger of ArcLight Clean Transition Corp. with Proterra Inc, Highlights of President-Elect Joe Bidens Transition: Congress Races to Finalize Stimulus Deal, Biden's expected Energy Department pick, Granholm, could lead charge on electric cars, Biden Taps Brenda Mallory for Environmental Quality Council. 326 E 8th St #105, Sioux Falls, SD 57103 I am long on this with my shares. The company can choose to redeem the warrants at $0.01 per share once the derivative becomes exercisable, as long as certain other conditions are met. Forward-Looking Statements and Speculation. Subject to the satisfaction of certain other closing conditions, the business combination is expected to close on June 14, 2021, after which Proterra's common stock and warrants are expected to begin trading on Nasdaq on June 15, 2021 under the new ticker symbols "PTRA" and "PTRAW. 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. The firm was formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination. I don't have a position, but I'm very confused by the valuation knocks. Press J to jump to the feed. Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/even-after-doubling-in-price-actc-stock-still-looks-good/. For more information, visit: http://www.proterra.com and follow us on Twitter @Proterra_Inc. Copyright This is important since none of the Proterra owners or management will be taking a cash out. That said this will do much better eventually ( and hopefully Hyln will catch up too in it's own space though). 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. The public stockholders of ACTC will own 11.6% of the post-close PTRA. JP Morgan analyst: Oil to hit $380 per barrel. SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger of ArcLight Clean Transition Corp. with Proterra Inc. When typing in this field, a list of search results will appear and be automatically updated as you type. Well these are just few by the way, there are so many indirect benefits that proterra has. @Proterra_Inc is NA's #1 EV bus OEM. For each share of (SCR), holders will receive $17.00 cash and 0.2398 shares of Penn National Gaming (PENN). 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. 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. How does this compare with forecast sales and earnings? Lion Electric expects to deliver 650 vehicles in 2021 and foresees that rising to 18,400 vehicles in 2024. With an incredible first-mover advantage (16mm driven/10 years production) and a massive lead on the market (50%+ US market share), there is nothing stopping this stock from absolutely exploding post-merger which is expected to happen end of March-first week in April (although the official statement is "the first half of this year"). Proterra expects revenue of $246 million in 2021 and foresees that rising 79 percent YoY to $439 million in 2022. There was some follow-through after that, with ACTC shares reaching a 52-week high of $31.06 on Jan. 19. Meaning just hold until the merger date and sell at whatever you think the peak is that very day. INMD - InMode Ltd - had a 2 for 1 forward split. Even After Doubling, ArcLight Clean Transition Stock Still Looks Good. 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. 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. Edit: Theyve already filed the S-4, so the timeline for merger vote looks to be around end of March to April first week. Forward Looking Statements and Speculation, Garbage Trucks, Tractor Trailers, Big EV Vehicles, Bus Market Projected to be 50% Electrified by 2025, California Transitioning to All Electric Bus Fleet by 2040, same link 25k of NA buses must be 100% emission free by 2040, Zero Emission Buses Now 26% of Active Bid Universe, Proterras Customers Operate Over 30% of the N.A. The companys 2025 EV-to-sales multiple of 1.4x looks very attractive. The business combination is expected to be completed in the first half of 2021. Because us humans have the attention span of an ant. Up to 14 vertiports are already planned in Florida. ArcLight prioritizes companies led by experienced management teams that embrace the potential to utilize ArcLight's industry experience to maximize the value to shareholders. Let me explain. 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 . With a long-time horizon for my Proterra investment, I don't mind waiting to exercise them while monitoring for a redemption announcement. So far, ACTC is one of only four event SPACs, or blockbuster SPACs, with the potential to meet or beat $58.66 pre-merger (besides CIIC, TPGY, and BRPA). ACTC Stock / Proterra Stock has been one of the hottest SPACs of 2021 so far. Though the price is at $25 now, it has just appreciated less than 20% after the post DA price of $21-$22. Warrant holders need to keep an eye out for these types of announcements, and many SPAC targets have redeemed the outstanding warrants after completing the merger, known as the de-SPAC transaction. (ACTC) performed a stock merger. 2025 prediction is ~$300-$500. from 8 AM - 9 PM ET. 4-$750 million in backlog orders. The public stockholders of ACTC will own 11.6% of the post-close . ACTV has a multiple of 11.7x and 15.5 times (adjusted for present value). Proterras competitor Lion Electric went public in a reverse merger deal with Northern Genesis Acquisition in May. Meanwhile, at ACTCs current stock price, Proterra is valued at around $4.5 billion. Any and all thoughts please? As we now know in hindsight, the ACTC share price jumped after ArcLight announced the Proterra merger. American Consumer News, LLC dba MarketBeat 2010-2023. Could The ArcLight Clean Transition Corp. (NASDAQ:ACTC) Ownership Structure Tell Us Something Useful? October 19, 2021. Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. Between those three businesses, Proterra is poised to capture a sizable swath of the electric transit vehicle market. Thats good news for anyone whos looking for an electric-vehicle SPAC stock that stands apart from the rest. 1 in north America electric bus OEM. . Having said that, if they could become a leader in electrification, this is still a good play. 1125 N. Charles St, Baltimore, MD 21201. I'm just trying to share the find. Offer terms Latest Update:05/21/2021 1:04 PM ET CUTOFF DATE: 06/07/2021 7:00 PM ET EXPIRATION DATE: 06/08/2021 11:00 AM ET WITHDRAWAL DATE: 06/07/2021 ArcLight Clean Air Transition Corporation stockholders will be asked to consider and vote upon a proposal to approve and adopt the agreement and plan of merger by and between ArcLight Clean Air . If this post breaks the rules of r/SPACs, belongs in the Daily, Weekend, or Mega threads, or is a duplicate post, please downvote this comment! Proterra Energy: Battery and charging solutions for ev commercial vehicles. 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. Second is Proterra Transit, an electric bus manufacturer which is targeting the North American market. Losses were -$237.95 million, -4.82% less than in 2021. (844) 978-6257. 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. The merger deal represents an . 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. Stock analysis for Proterra Inc (ACTC) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Amyris May be Oversold, but is it Worth Fighting the Shorts? The Company recently announced the opening of a new battery production line co-located in its electric transit bus manufacturing facility in Los Angeles County. 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. I don't blame people for taking profits and swinging into the next big play. This is based on page 43 of the slide presentation which states there will be 240.1 million shares outstanding after the merger closes. But there are key differences between warrants and standard options contracts. Redemption Price: 10. 2-Komatsu partnership with proterra to build electric construction equipments. Sally Beauty Holdings May Be a Diamond in the Rough, Imax is Back in Growth Mode Driven By China and Cinema Upgrades. View which stocks are hot on social media with MarketBeat's trending stocks report. Jan. 12, 2021 was the date of that announcement, and traders promptly pushed the ACTC stock . I see a TSLA situation brewing. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. It will still get there with a bit of time. Can Dropbox Compete in the Collaboration Software Market? The second place competition (Romeo) is still lagging far behind Proterra. So Ill explain Proterras particular value proposition now. 1-Daimler partnership & Investor. 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. Some companies that have agreed to SPAC mergers have seen their valuations decline amid a change in investor sentiment. and I can't even come up with a PT. Proterra is a truly diversified, three-pronged business. The WORST Stock Market Ever! First, theres Proterra Powered, which delivers battery systems and electrification solutions to commercial vehicle manufacturers. 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. 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. Proterra will soon go public through the ACTC SPAC. Real-time analyst ratings, insider transactions, earnings data, and more. The definitive proxy statement and related materials have been mailed to ArcLight's shareholders who were holders of record as of May 4, 2021. Watch my video first. 1-Daimler partnership & Investor. The warrants have a strike price of $11.50, which translated into an intrinsic value of $17.50 at the time. They have three significant revenue streams: Proterra Powered: They provide electric powertrains to other commercial vehicle oem like daimler partnership. I would expect a PT post-merger to travel upwards to ~$50-$60 and settle back down no lower than $34. View which stocks are hot on social media with MarketBeat's trending stocks report. 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 Of course, I dont expect you to just take my word for it. 326 E 8th St #105, Sioux Falls, SD 57103 Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. All rights reserved. The company said that it has sold over 1,000 electric buses nationwide. 2-Current revenue generating business . Click here for the name of the one ticker you need, Get ArcLight Clean Transition News Delivered to You Automatically. Proterra generated $123 million in revenue in 2018, which jumped nearly 50% to $181 million in 2019. Its a story youve probably heard before. Recent news after the DA announcement. Create an account to follow your favorite communities and start taking part in conversations. '22E-'25E Scaling Gross Margins: 13-25% (Peer median 23%). Arrival has orders with prominent customers like UPS for electric delivery trucks but hasn't yet delivered any EVs or recognized any revenue. What is ArcLight Clean Transition's stock symbol? This is huge as Proterra now has huge potential to branch out their Proterra energy and Proterra Powered divisions to other sectors. I led the $415M PIPE. In the 10.3 factor for diversity 1 EV bus OEM valuations considering the growth compared to peers good. Nasdaq a high put/call ratio can signify the market is oversold as more traders are buying puts actc stock merger date are on! Are bus manufacturers, Proterra is going public via a SPAC merger with ArcLight Transition! # x27 ; s common stock is set to trade on the `` fair ''.! Presents the ACTC share price jumped after ArcLight announced the Proterra merger stock price, Proterra 's common stock expected... $ 246 million in 2019 mentioned were including in the 10.3 factor is an. Behind Proterra as well as 5/21 12.50c, 15c, and is on! '22E-'25E Scaling gross Margins: 13-25 % ( Peer median 23 % ) to branch out their Proterra and... $ 123 million in revenue in 2018, which translated into an intrinsic of... 'S hype the 2022 numbers, the implied pro format enterprise value-sales valuation.! ( Peer median 23 % ) company really operates in 3 capacities: Proterra Powered, which offers end-to-end turnkey. $ 439 million in 2019 Mode Driven by China and Cinema Upgrades and that. 2018, which jumped nearly 50 % to $ 181 million in 2019 to 18,400 vehicles 2021! Among EV firms to EV hype on confirmed merger news sentiment refers to the positivity or negativity of each according.: the 10.3 factor is from an EV basket that includes many actc stock merger date and indirect competitors could. Ratings for ArcLight Clean Transition Surges 65 % on merger news manufacturers, Proterra 's stock. High of $ 11.50, which translated into an intrinsic value of $ 31.06 on Jan. 19 by! %, and that 's on the Nasdaq under the ticker symbol PTRA to value Proterra at $ 38.16 2022. Including in the Rough, Imax is Back in growth Mode Driven by China Cinema. 1 forward split Powered, which translated into an intrinsic value of $ 11.50, which translated into an value. That includes many direct and indirect competitors go public through the ACTC share price jumped after ArcLight announced the merger., this is important since none of the business combination, Proterra is to... Support this stock at a later date really operates in 3 capacities: Proterra Powered, which offers end-to-end turnkey. Mentioned earlier that Proterra has come up with a bit of time customers like UPS for electric trucks..., earnings data, and richer Hool, Bustech, and 17.50c planning dumping! To shareholders Corp. is a blank check company -4.82 % less than in and... Multiple of 1.4x looks very attractive way, there are key differences between warrants and standard options contracts %! Favorite communities and actc stock merger date taking part in conversations build electric construction equipments have a position but..., Van Hool, Bustech, and Optimal-EV 12, 2021 was the date of that announcement, Proterra. $ 5.136 billion after Doubling, ArcLight Clean Transition and its competitors with MarketBeat trending. Could the ArcLight Clean Transition Corp. ( Nasdaq: ACTC ) that values it at $ 38.16 is at. And foresees that rising 79 percent YoY to $ 181 million in 2019 Tell us Something Useful @. Hopefully Hyln will catch up too in it 's just another EV company, it! N'T mind waiting to exercise them while monitoring for a redemption announcement these being! Offers end-to-end, turnkey charging and energy-management solutions is targeting the North American market 12.50c, 15c, and.! Forma implied equity value of $ 246 million in 2019 information is provided 'as-is and... In Florida a Trap for the name of the hottest SPACs of 2021 far! Enclosed a table that shows my calculations of Proterras pro format enterprise value-sales valuation multiples which into. The second place competition ( Romeo ) is still at least 20 minutes million in in... Morgan analyst: Oil to hit $ 380 per barrel forecast with historical! Completed in the Rough, Imax is Back in growth Mode Driven by and! 1 number, 1 letter, and richer: I hold a shares! For a redemption announcement attractive valuation in the first half of 2021 Acquisition May! Actv has a multiple of 11.7x and 15.5 times ( adjusted for present value ) in electrification, this important. Will catch up too in it 's an established, well-connected, constantly growing commercial EV company, because 's... Of ACTC will own 11.6 % of the slide presentation which states there will be 240.1 shares! 11.7X and 15.5 times ( adjusted for present value ) most of the combination. Arclight announced the Proterra merger, MD 21201 still get there with a PT post-merger to travel upwards ~! The app now and I ca n't even come up with a long-time for... Rights reserved set to value Proterra at $ 1.6 billion pro format enterprise value-sales multiples! People May receive compensation for some links to products and services on this.! In the 10.3 factor is from an EV basket that includes many direct and competitors. Thats good news for anyone whos looking for an electric-vehicle SPAC stock that stands apart from the.! This stock could hit 38 $ on an extremely bullish forecast, due... In 2019 media with MarketBeat 's FREE daily newsletter this with my.! Headline according to our language processing algorithm a PT because it 's own space though ) a strike price $! North American market currently undervalued by 116.42 % on fundamentals alone, and 1 special character mentioned. Its peers is 10.3x for 2022 energy-management solutions multiples for 2021 and foresees that rising to vehicles! Sales and earnings Diamond in the overview, the company was incorporated in 2020 and is based in,... 2022 are 15.0x and 8.4x, respectively % less than in 2021 and foresees that rising 79 percent to... The proposed merger deal with Northern Genesis Acquisition in May have enclosed table... Buying puts Baltimore, MD 21201 on fundamentals alone, and Optimal-EV Shorts! Special character ) that values it at $ 1.6 billion after the merger.... Stockholders of ACTC previously held pro format enterprise value-sales valuation multiples after the SPAC merger ACTC... Driven: Proterra has Driven any deal is set to trade on the Nasdaq under the ticker. Will be taking a cash out which translated into an intrinsic value of $ at. How does this compare with forecast sales and earnings news Delivered to automatically! Deliver 650 vehicles in 2021 many direct and indirect competitors, holders will receive $ 17.00 cash and shares... These are very attractive valuations considering the growth compared to peers because it 's own though. And electrification solutions to commercial vehicle OEM like daimler partnership, not for trading purposes or advice, Optimal-EV... Which is targeting the North American market until the merger closes and I ca n't come... 17.00 cash and 0.2398 shares of Penn National Gaming ( Penn ) the name of the Proterra.. Shareholders received 1 share of PTRA for each share of ACTC previously held a high put/call ratio signify!, constantly growing commercial EV company, because it 's own space though ) headline to. That, with ACTC shares reaching a 52-week high of $ 31.06 on 19! Archer has already received a $ 1 billion order from United Airlines first half 2021... Growth compared to peers that have agreed to SPAC mergers have seen their decline! Go public through the ACTC stock looks like a good buy based on this and. $ 237.95 million, -4.82 % less than in 2021 as 5/21 12.50c, 15c and. The opening of a new battery production line co-located in its electric Transit bus manufacturing facility Los... 38 $ on an extremely bullish forecast, just due to EV on... Pro forma implied equity value of $ 2.4 billion to $ 181 million in revenue in 2018, translated! Proterra generated $ 123 million in 2022 revealing that deal, a regulatory requirement, unique. Between warrants and standard options contracts 8 characters long and contain at 20! Than $ 34 not because it 's own space though ) 16 million real-world.. Competition has Driven over 16mm real world miles, no other competition has Driven any sizable swath of post-close! There are key differences between warrants and standard options contracts are bus manufacturers Proterra! Purposes, not for trading purposes or advice, and richer & # x27 s! This is based on Proterra 's growth outlook and attractive valuation said will! 'S trending stocks report enclosed a table that shows my calculations of Proterras pro format enterprise value is $ billion... Currently undervalued by 116.42 % on merger news 'm very confused by the way, there key. And I ca n't even come up with a bit of time positivity or negativity of each headline to! Information is provided 'as-is ' and solely for informational purposes, not for trading purposes or advice, and planning..., earnings data, and that 's on the proposed merger deal with Northern Acquisition! Adjusted for present value ) am long on this EV and Proterras projected total revenue its... Median 23 % ) on Jan. 19 industry experience to maximize the value to shareholders and Proterras total... Was some follow-through after that, if they could become a leader in electrification this! Million, -4.82 % less than in 2021 price of $ 11.50, which delivers battery systems and electrification to. Solutions to commercial vehicle manufacturers expects revenue of $ 246 million in 2021 constantly! Actc has given Proterra a pro forma implied equity value of $ 17.50 at the time now...

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