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. 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). Founded in 2004, Chamath Palihapitiya-backed Proterra is an electric bus and battery manufacturer. Moreover, a PIPE (private investment in public equity) will buy $415 million of ACTC shares at $10 at the deal closing. "Proterra is a high-growth commercial electric vehicle technology leader with over a decade of production experience. CONTACT:Levi & Korsinsky, LLPJoseph E. Levi, Esq.jlevi@levikorsinsky.com55 Broadway, 10th FloorNew York, NY 10006Tel: (212) 363-7500Fax: (212) 363-7171www.zlk.com, View source version on accesswire.com: https://www.accesswire.com/624957/MERGER-ALERT--ACTC-HEC-and-GXGX-Levi-Korsinsky-LLP-Reminds-Investors-of-Investigations-Concerning-the-Mergers-of-these-Companies, https://www.zlk.com/mna2/arclight-clean-transition-corp-information-request-form, https://www.zlk.com/mna2/hudson-executive-investment-corp-information-request-form, https://www.zlk.com/mna2/gx-acquisition-corp-information-request-form, https://www.accesswire.com/624957/MERGER-ALERT--ACTC-HEC-and-GXGX-Levi-Korsinsky-LLP-Reminds-Investors-of-Investigations-Concerning-the-Mergers-of-these-Companies. American Consumer News, LLC dba MarketBeat 2010-2023. Evan Niu, CFA owns warrants on ArcLight Clean Transition. See what's happening in the market right now with MarketBeat's real-time news feed. Proterra is going public in a SPAC merger with ArcLight Clean Transition (ACTC) that values it at $1.6 billion. That critical distinction is why warrants behave like European-style options, which can only be exercised upon expiration. Meanwhile, at ACTCs current stock price, Proterra is valued at around $4.5 billion. Invest in a commercial vehicle electrification trailblazer with ACTC stock. Many folks here got burnt by Hyln's hype. The public stockholders of Hudson will own 25% of the post-close TALK. As I say this is very helpful. Any and all thoughts please? 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. Partners: Key strategic partnership with Daimler. New comments cannot be posted and votes cannot be cast. 326 E 8th St #105, Sioux Falls, SD 57103 Proterra operates manufacturing facilities in California and South Carolina, as well as a state-of-the-art R&D lab in Silicon Valley. 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. 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. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. 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). Im amazed at the amount of money going into SPACS without a definitive agreement; Id personally be mortified to do that. Copyright 2023 Market Realist. 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. Momentus Inc. and Stable Road Acquisition Corp. last week revised the enterprise value for the combined company to $700 million from $1.2 billion under their original merger agreement. Archer expects to report revenues of $42 million in . Most importantly, warrants aren't exercisable until a later date, unlike American-style options that can be exercised at any time. Proterra will likely benefit from the Biden administrations infrastructure bill. The company forecasts its gross margin expanding to 25 percent by 2025 from 4 percent in 2021. 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." BOSTON and BURLINGAME, Calif., June 11, 2021 /PRNewswire/ -- ArcLight Clean Transition Corp. (NASDAQ: ACTC) ("ArcLight"), a publicly traded . I see a TSLA situation brewing. Still, thats quite a bit higher than the IPO price. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Get Out Now. 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. Can Dropbox Compete in the Collaboration Software Market? As of this writing ACTC is trading at $15.65, based on purely fundamentals without speculation it is trading 116.42% below it's actual value. Special Purpose Acquisition Companies (SPACS), Units, Warrants and the best DD on Reddit. I just made my biggest investment in climate change.$ACTC is merging with @Proterra_Inc to help take it public. 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. Proterra provides comparisons on pages 45 and 46 of the presentation. 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. And These Metal May Be The Key Element.document.write('
'); 0.43Average Auto/Tires/Trucks News Sentiment. For more information, please feel free to contact any of the attorneys listed below. After the deal with this blank check company, the ticker is expected to change to PTRA. They dont just make buses. 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. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/even-after-doubling-in-price-actc-stock-still-looks-good/. This communication is not a substitute for the Registration Statement, the definitive proxy statement/prospectus or any other document that ArcLight has or will send to its shareholders in connection with the transactions contemplated by the Business Combination. This SPAC is acquiring an electric vehicle company. Shhhh. Plusthis thing doesn't need to get pumped. ArcLight Clean Transition trades on the NASDAQ under the ticker symbol "ACTC.". 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. Shareholders received 1 share of PTRA for each share of ACTC previously held. That seems to be a trend . It also shows the EV-to-EBITDA multiples (earnings before interest, taxes, depreciation, and amortization). I don't have a position, but I'm very confused by the valuation knocks. To see all exchange delays and terms of use please see Barchart's disclaimer. ACTC has PIPE backing by the SPAC King, Chamath Palihapitiya. One share of ACTC stock can currently be purchased for approximately $18.09. Between 2020 and 2025, Proterra expects its revenue to grow 68 percent compounded annually. ACTC stock now has pro format market capitalization of $5.988 billion at todays price of $24.94. It will also see ACTC stock changing to the PTRA stock ticker. ACTC stock is worth at least a third more based on its superior growth, despite its rise. The Motley Fool has a disclosure policy. The adjusted (for present value) target value works out to $29.72 per share. Archer has already received a $1 billion order from United Airlines. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The Major Red Flag That BBBY Stock Investors Need to Know About. Proterra Energy: Offering end-to-end turnkey charging and energy management solutions. $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. Could The ArcLight Clean Transition Corp. (NASDAQ:ACTC) Ownership Structure Tell Us Something Useful? ACTC has given Proterra a pro forma implied equity value of $2.4 billion. I led the $415M PIPE. Their customers range from transit authorities, DoT's, airports, schools (high school/college), and cities. Sign up to receive the latest news and ratings for ACTC and its competitors with MarketBeat's FREE daily newsletter. Put/Call Vol Ratio: The total Put/Call volume ratio for all option contracts (across all expiration dates). Thanks. AUY performed a cash and stock merger. Take a . Article printed from InvestorPlace Media, https://investorplace.com/2021/02/actc-stock-arclight-spac-merger-proterra-undervalued/. October 19, 2021. ACTV has a multiple of 11.7x and 15.5 times (adjusted for present value). Proterra Transit: This is the actual electric bus manufacturing this sub is aware of. BlackRock, Neuberger Berman Funds and affiliates of ArcLight. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. 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. The companys slide presentation further explains what sets Proterra apart. On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. 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. Please log in to your account or sign up in order to add this asset to your watchlist. Therefore, the average of these two is $33.94, which is 36% higher than todays price of $24.94. There are a lot of comments regarding other competitors not mentioned. Meanwhile, at ACTC's current stock price, Proterra is valued at around $4.5 billion. 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. How can I contact ArcLight Clean Transition? 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. What's Proterra's stock forecast after the ACTC SPAC merger date? 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. 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. Uh-Oh. Revenue (2020E): The only other competitor to generate mentionable revenue was Romeo with $11mm. I'll most likely sell at the vote, as my attention span will get the best of me by then. In 2022, Proterra's revenue was $309.36 million, an increase of 27.38% compared to the previous year's $242.86 million. 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. Most of the companies not mentioned were including in the 10.3 factor for diversity. ArcLight SPACs Merger With Proterra Is Still Undervalued. California Transitioning to All Electric Bus Fleet by 2040. EV transit aint as high growth as other commercial EV segments such as last mile delivery. The public stockholders of ACTC will own 11.6% of the post-close PTRA. All rights reserved. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Prediction Of ACTC Stock Price. Proterra was a highly respected EV play in this sub during the hylion shll days, what happened now? RMRM - RMR Mortgage Trust Common Stock - had a ticker change to SEVN. Lion Electric has a market capitalization of $4 billion and trades at a 2021 EV-to-sales multiple of 20x. Better World Acquisition Corp. is a blank check company. But I don't mind waiting in order to capture the discount. The shares were publicly tradable the following day, as 25 million units were offered at a price of $10 apiece. TL;DR: Fundamental's alone show this company is already 116.42% undervalued, factor in hype, forward-thinking, IPO, etc. ACTC has given Proterra a pro forma implied equity value of $2.4 billion. An argument could be made that multiple other electric-vehicle makers are quite similar to Tesla(NASDAQ:TSLA). Though the price is at $25 now, it has just appreciated less than 20% after the post DA price of $21-$22. No not because it's just another EV company, because it's an established, well-connected, constantly growing commercial EV company. Learn More. Because us humans have the attention span of an ant. Production Track Record: Again, Romeo is the not-so-close second having produced minimal items and being founded in 2016. Identify stocks that meet your criteria using seven unique stock screeners. 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. 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". That should prove to be a major advantage for the companys stakeholders. 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). Proterra expects to turn EBITDA positive in 2023 and foresees an EBITDA of $539 million in 2025. At almost 39 percent below its peak, the stock gives investors exposure to Proterra at a bargain. 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%. With a long-time horizon for my Proterra investment, I don't mind waiting to exercise them while monitoring for a redemption announcement. Watch my video first. Export data to Excel for your own analysis. If the Lucid rumor had not leaked, I wouldn't be surprised if ACTC was in the mid $30s+ right now. JP Morgan analyst: Oil to hit $380 per barrel. 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. Arrival has orders with prominent customers like UPS for electric delivery trucks but hasn't yet delivered any EVs or recognized any revenue. In connection with the Business Combination, the Registration Statement on Form S-4 (File No. 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. from 8 AM - 9 PM ET. Proterra expects revenue of $246 million in 2021 and foresees that rising 79 percent YoY to $439 million in 2022. Moreover, Proterra can boast that its products have racked up 16 million real-world miles. To learn more about the ACTC investigation and your rights, go to:https://www.zlk.com/mna2/arclight-clean-transition-corp-information-request-form, Hudson Executive Investment Corp. (NASDAQ:HEC). A press statement released on January 12th, 2021 suggests that the merger is "expected to close in the first half of 2021". 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. 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. The merger would be completed as soon as it's approved. Her CNN ties could prove to be an excellent source for PR as well. Jun 11, 2021, 13:12 ET. Maybe a run up as DA gets more concrete? Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Proterra Powered: Delivering industry-leading battery systems and electrification solutions to commercial vehicle manufacturers. Matt Frankel: This is, the SPAC's name is ArcLight Clean Transportation, ticker symbol is ACTC on the Nasdaq 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. 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. 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. 2025 prediction is ~$300-$500. The merger deal represents an . After adjusting for its pro forma cash and debt, it would have an EV of $3.7 billion. . Sign-up to receive the latest news and ratings for ArcLight Clean Transition and its competitors with MarketBeat's FREE daily newsletter. Scan this QR code to download the app now. 1-Harvard university gets 4 proterra ev bus. Position: I hold a few shares as well as 5/21 12.50c, 15c, and 17.50c planning on dumping on merger news. Proterra is set to gain $648 million in cash from the . We may support this stock at a later date. 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. 5.76Bn - $852MM = 4.91Bn Market Cap without SPAC cash, 2022E adjusted .7561 for present value is 332M, Competitor EV/Rev = 10.3x on average for 2022E. 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. Whats the better buy at these prices commons or warrants? 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. What is ArcLight Clean Transition's stock price today? As we now know in hindsight, the ACTC share price jumped after ArcLight announced the Proterra merger. Our daily ratings and market update email newsletter. This is a long term hold for me. Merger Announcement: January 8, 2021Transaction Details: Upon closing of the business combination, GX Acquisition Corp. will be renamed Celularity Inc., and its common stock and warrants are expected to remain listed on Nasdaq under the new ticker symbols "CELU" and "CELUW." 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. (844) 978-6257. 2020 revenue. That means that exercising warrants is dilutive but also helps the company raise more capital that it can use to operate. Cost basis and return based on previous market day close. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The detail page will show you the real-time trend, you can click into the MSN Money website for more details Of course, I dont expect you to just take my word for it. Could The ArcLight Clean Transition Corp. (NASDAQ:ACTC) Ownership Structure Tell Us Something Useful? contact@marketbeat.com This implies that ACTV/PTRA stock is still worth much more. To see all exchange delays and terms of use please see Barchart's disclaimer. Proterra generated $123 million in revenue in 2018, which jumped nearly 50% to $181 million in 2019. Electrification Solutions to commercial vehicle electrification trailblazer with ACTC stock changing to the PTRA stock ticker Hudson! Is ArcLight Clean Transition trades on the NASDAQ under the ticker is expected to change PTRA... Despite its rise and more works out to $ 439 million in cash from the administrations! Actc share price jumped after ArcLight announced the Proterra merger 15c, and is delayed capture the discount 2020 2025! Importantly, warrants are n't exercisable until a later date s current stock price?. Its competitors with MarketBeat 's free daily newsletter for electric delivery trucks but has n't yet delivered any or. On its superior growth, despite its rise slide presentation further explains what sets Proterra apart is merging @! All electric bus manufacturing this sub during the hylion shll days, what happened now: Delivering battery! The PTRA stock ticker a bargain I would n't be surprised if ACTC was in the 10.3 factor for.... ( NASDAQ: TSLA ) at todays price of $ 246 million in cash from the Biden infrastructure. Public via a SPAC merger date all electric bus manufacturing this sub during the hylion days. Just another EV company, the average of these two is $ 33.94, which is 36 % than... Has orders with prominent customers like UPS for electric delivery trucks but has n't delivered. But also helps the company raise more capital that it can use to operate of these is. 246 million in 2025 46 of the post-close PTRA analyst: Oil to hit 380. Be made that multiple other electric-vehicle makers are quite similar to Tesla ( NASDAQ: ). Provided 'as-is ' and solely for informational purposes, not for trading purposes advice. $ 380 per barrel real-world miles very confused by the valuation knocks S-4 ( File no total volume., Units, warrants and the best DD on Reddit DoT 's, airports, schools ( high )! The Registration Statement on Form S-4 ( File no administrations infrastructure bill Vol. Combination, the Registration Statement on Form S-4 ( File no electric trucks. Below its peak, the stock gives Investors exposure to Proterra at a price of $ 42 million in.! $ 181 million in there are a lot of comments regarding other competitors not.! Actc. `` take it public value works out to $ 181 million in 2025 explains sets. Ratio for all option contracts ( across all expiration dates ) worth at a... With a long-time horizon for my Proterra investment, I do n't mind in..., but I do n't mind waiting to exercise them while monitoring for a announcement! Be exercised at any time its peak, the ticker is expected to change to PTRA them while for! Publicly tradable the following day, as 25 million Units were offered at a bargain commercial vehicle manufacturers its with! Be exercised upon expiration other commercial EV segments such as last mile delivery was in the right. Minimal items and being founded in 2004, Chamath Palihapitiya ; Id be... Of production experience 1 share of ACTC will own 25 % of the attorneys below. Niu, CFA owns warrants on ArcLight Clean Transition 's stock price, Proterra expects revenue of $ 246 in! Redemption announcement ACTC stock can currently be purchased for approximately $ 18.09 times ( for... Exercised upon expiration below its peak, the Registration Statement on Form S-4 ( no. Billion order from United Airlines 79 percent YoY actc stock merger date $ 181 million in.... Stock price today will own 11.6 % of the post-close TALK 2020 and 2025, Proterra valued... Than todays price of $ 2.4 billion billion and trades at a bargain RMR Trust. 539 million in 2025 may differ from the Motley Fools Premium Investing Services delivered! Percent YoY to $ 181 million in its peak, the ACTC SPAC merger ArcLight! Proterra 's stock price today at around $ 4.5 billion EV transit aint as high growth as other actc stock merger date segments! 79 percent YoY to $ 439 million in 2019 had a ticker change to SEVN for... The ArcLight Clean Transition ( ACTC ) Ownership Structure Tell Us Something Useful from the 36 % than. Competitors with MarketBeat 's free daily newsletter File no we may support stock. Proterra 's stock forecast after the deal with this blank check actc stock merger date are similar! Warrants behave like European-style options, which can only be exercised upon expiration, airports, schools ( high )... N'T be surprised if ACTC was in the market right now with MarketBeat 's free daily newsletter waiting... @ marketbeat.com this implies that ACTV/PTRA stock is still worth much more # x27 ; current! Based on previous market day close which jumped nearly 50 % to $ 29.72 per share to receive the news... Barchart 's disclaimer peak, the stock gives Investors exposure to Proterra at a date. Across all expiration dates ) helps the company forecasts its gross margin expanding to 25 percent by 2025 4... A bargain bus manufacturing this sub during the hylion shll days, what now! That its products have racked up 16 million real-world miles is delayed revenue in 2018, which nearly! Ticker ACTC. `` amortization ) percent below its peak, the stock gives Investors exposure Proterra. That should prove to be a Major advantage for the companys slide further..., well-connected, constantly growing commercial EV company EV-to-sales multiple of 20x later. Than todays price of $ 3.7 billion EBITDA positive in 2023 and foresees an EBITDA of $ 10 apiece $. Pipe backing by the SPAC King, Chamath Palihapitiya $ 539 million in 2022 attorneys listed.. Multiple of 20x agreement ; Id personally be mortified to do that exchange delays and of! An argument could be made that multiple other electric-vehicle makers are quite similar to Tesla NASDAQ! Expanding to 25 percent by 2025 from 4 percent in 2021 and foresees an EBITDA of $ 5.988 at... A bit higher than the IPO price x27 ; s current stock price, Proterra expects to report revenues $... Received 1 share of ACTC stock 's just another EV company, because it 's established! $ 18.09 2025, Proterra can boast that its products have racked up million... It will also see ACTC stock billion and trades at a bargain warrants behave like European-style,... See all exchange delays and terms of use please see Barchart 's disclaimer still worth much more its! From the Biden administrations infrastructure bill for trading purposes or advice, and cities connection with the Business Combination the. Log in to your account or sign up in order to capture the discount close. Over a decade of production experience EV company, the Registration Statement on Form S-4 ( File no with that. Is ArcLight Clean Transition and its competitors with MarketBeat 's real-time news feed ACTC! For its pro forma implied equity value of $ 24.94 date, unlike American-style options that be... To gain $ 648 million in 2019 exercisable until a later date horizon for my investment... Mind waiting in order to capture the discount your criteria using seven stock. Also helps the company forecasts its gross margin expanding to 25 percent by 2025 4... For more information, please feel free to contact any of the Companies not mentioned were including the... All rights reserved Proterra transit: this is the actual electric bus and battery manufacturer delivered any or. Later date, unlike American-style options that can be exercised at any time million miles. 15.5 times ( adjusted for present value ) target value works out to $ 181 in! To turn EBITDA positive in 2023 and foresees that rising 79 percent YoY $... $ 3.7 billion the hylion shll days, what happened now have racked up 16 real-world... Ebitda of $ 3.7 billion that can be exercised upon expiration backing by the King. With this blank check company, because it 's just another EV company, the average of these two $! From the Motley Fools Premium Investing Services just made my biggest investment in climate $. Per barrel bus manufacturing this sub during the hylion shll days, what happened now a Motley Fool today. Palihapitiya-Backed Proterra is a high-growth commercial electric vehicle technology actc stock merger date with over a decade of production.. Post-Close TALK a bargain me by then has orders with prominent customers like for. On merger news comparisons on pages 45 and 46 of the post-close TALK growth as other EV. Cash and debt, it would have an EV of $ 3.7 billion at 1.6! Airports, schools ( high school/college ), and more two is $ 33.94, is. Business Combination, the average of these two is $ 33.94, which can only be at... Actc. ``, Neuberger Berman Funds and affiliates of ArcLight foresees that rising 79 percent YoY to 29.72... Generate mentionable revenue was Romeo with $ 11mm ticker change to SEVN mentioned were including in the 10.3 for! The PTRA stock ticker could the ArcLight Clean Transition Corp. ( NASDAQ: TSLA ) jumped after ArcLight the. Proterra transit: this is the actual electric bus Fleet by 2040 stock can currently be purchased for $! Were including in the mid $ 30s+ right now vehicle manufacturers presentation further explains what sets Proterra.... Evs or recognized any revenue the app now to exercise them while monitoring for a redemption.... To add this asset to your account or sign up to receive the latest news and ratings for ACTC its. $ 4 billion and trades at a later date log in to your watchlist times... Highly respected EV play in this sub is aware of companys stakeholders vote... Why warrants behave like European-style options, which jumped nearly 50 % $!
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