Shhhh. Announces Shareholder Approval of Business Combination with Proterra, ArcLight Clean Transition Corp. The Motley Fool has a disclosure policy. As mentioned in the overview, the company really operates in 3 capacities: Proterra Powered, Proterra Transit, and Proterra Energy. This means that Proterra, even after ACTC stock has recently doubled, is still worth at least a third more than its present price. Proterra is set to gain $648 million in cash from the . As of last September, the company was expecting to report sales of $193 million for 2020. Our daily ratings and market update email newsletter. The warrants have a strike price of $11.50, which translated into an intrinsic value of $17.50 at the time. JAX - J. Alexander's Holdings, Inc - had a merger. quotes delayed at least 15 minutes, all others at least 20 minutes. See what's happening in the market right now with MarketBeat's real-time news feed. The merger would be completed as soon as it's approved. 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. Proterra was a highly respected EV play in this sub during the hylion shll days, what happened now? 2-Current revenue generating business . The company's technology, their lead and their revenues made this a no brainer for me. But there are key differences between warrants and standard options contracts. Seems like these warrants could be near 30 at merger? After adjusting for its pro forma . Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. EDIT: The 10.3 factor is from an EV basket that includes many direct and indirect competitors. They are No. Matt Frankel: This is, the SPAC's name is ArcLight Clean Transportation, ticker symbol is ACTC on the Nasdaq right now. 1125 N. Charles St, Baltimore, MD 21201. Rather, Proterra should be able to carve out a substantial share of the niche markets within which it operates. Scan this QR code to download the app now. Real-time analyst ratings, insider transactions, earnings data, and more. High Voltage System Components and Integration (Junction Boxes, Thermal Management Systems, Telematics Gateways, Charge Controllers and Integration Controllers). It intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. 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. All Rights Reserved. Proterra is going public via a SPAC merger ticker ACTC. Their customers range from transit authorities, DoT's, airports, schools (high school/college), and cities. 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" I have enclosed a table that shows my calculations of Proterras pro format enterprise value-sales valuation multiples. Here's why I bought warrants in ArcLight Clean Transition last week. Partners: Key strategic partnership with Daimler. 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. This is huge as Proterra now has huge potential to branch out their Proterra energy and Proterra Powered divisions to other sectors. 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. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Proterra stock is set to trade on the Nasdaq under the new ticker symbol PTRA.. The adjusted (for present value) target value works out to $29.72 per share. I'm just trying to share the find. ACTC is currently trading at $20.25, up $8.06 or 66.12%, on the Nasdaq. Plusthis thing doesn't need to get pumped. The stock is now 89 percent above its IPO price of $10 per share, but 39 percent below its 52-week high. The public stockholders of Hudson will own 25% of the post-close TALK. 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. At $25.10, they have a $4B Enterprise Value, which is 20.8x their $193M of est. quotes delayed at least 15 minutes, all others at least 20 minutes. Most importantly, warrants aren't exercisable until a later date, unlike American-style options that can be exercised at any time. Some companies that have agreed to SPAC mergers have seen their valuations decline amid a change in investor sentiment. The segment below presents the ACTC stock forecast with both historical data and future predictions. (844) 978-6257. 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. 3-$246 million projected revenue for 2021. The company forecasts its gross margin expanding to 25 percent by 2025 from 4 percent in 2021. Unlike some of its competitors, Proterra has a production track record that spans nearly a decade. October 19, 2021. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Get short term trading ideas from the MarketBeat Idea Engine. 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. ArcLight SPACs Merger With Proterra Is Still Undervalued. 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. . 326 E 8th St #105, Sioux Falls, SD 57103 (844) 978-6257. 2025 prediction is ~$300-$500. I hope the dataset below would give you a rich idea of how the stock would behave by the end of 2022. Do you think there will be a jump in FIII share price? Buy shares, ACTC will change to PTRA after the merger. 1-Daimler partnership & Investor. Second is Proterra Transit, an electric bus manufacturer which is targeting the North American market. 2023 InvestorPlace Media, LLC. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. On June 10, Archer revealed its first electric flying taxi "Maker.". Thanks. American Consumer News, LLC dba MarketBeat 2010-2023. 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. Proterra Chairman and CEO Jack Allen summed it up concisely, saying, After delivering our first electric transit bus a decade ago, Proterra has transformed into a diversified provider of electric vehicle technology solutions to help commercial vehicle manufacturers electrify their fleets.. Then theres Proterra Energy, which offers end-to-end, turnkey charging and energy-management solutions. Get Out Now. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. I wouldn't want to gloss this one over if I were you. The Major Red Flag That BBBY Stock Investors Need to Know About. June 11, 2021|markets.businessinsider.com. Export data to Excel for your own analysis. (ACTC) performed a stock merger. Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. All rights reserved. Thats the typical starting price for a SPAC stock, and ACTC stock stayed fairly close to the $10 area for a little while. 1-Daimler partnership & Investor. SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger of ArcLight Clean Transition Corp. with Proterra Inc. Copyright 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). This Mining Stock Has The Keys To Our Future! 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. 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. I didnt think CCIV hype has caused this! I believe it is by at least 36%, and the rest of this article will show why. 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. The public stockholders of ACTC will own 11.6% of the post-close . This is the way . Proterra is not only the most undervalued stock on the entire market, it's also positioned to be one of the best performing companies over the next several years. 2-Komatsu partnership with proterra to build electric construction equipments. The deal is set to value Proterra at $1.6 billion after the SPAC merger closes. "Proterra is a high-growth commercial electric vehicle technology leader with over a decade of production experience. Therefore, the average of these two is $33.94, which is 36% higher than todays price of $24.94. About Property Solutions Acquisition Corp. Property Solutions Acquisition Corp. is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar . Proterra has around $750 million in existing orders and backlog. When typing in this field, a list of search results will appear and be automatically updated as you type. Evan Niu, CFA owns warrants on ArcLight Clean Transition. The Major Red Flag That BBBY Stock Investors Need to Know About. Lion Electric has a market capitalization of $4 billion and trades at a 2021 EV-to-sales multiple of 20x. 2020 revenue. An argument could be made that multiple other electric-vehicle makers are quite similar to Tesla(NASDAQ:TSLA). 2-Current revenue generating business unlike most other spacs. Click here for the name of the one ticker you need, Get ArcLight Clean Transition News Delivered to You Automatically. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. The deal set the value of Proterra at over $1.6 billion after the SPAC merger c. Shareholders will receive $62.10 cash per share of LDL previously held. Well these are just few by the way, there are so many indirect benefits that proterra has. The company projects to post revenue of $204 million in 2021 and $3.6 billion in 2024. However, the problem for any investor right now is trying to determine if ACTC stock is still worth investing in. Cision Distribution 888-776-0942 Of course, I dont expect you to just take my word for it. Maybe a run up as DA gets more concrete? ACTV has a multiple of 11.7x and 15.5 times (adjusted for present value). There's another risk for warrant investors to consider. ArcLight Clean Transition (NASDAQ:ACTC) has a market capitalization of $627.51 million. '22E-'25E Scaling Gross Margins: 13-25% (Peer median 23%). ACTC Stock / Proterra Stock has been one of the hottest SPACs of 2021 so far. One share of ACTC stock can currently be purchased for approximately $18.09. To make the world smarter, happier, and richer. Sign-up to receive the latest news and ratings for ArcLight Clean Transition and its competitors with MarketBeat's FREE daily newsletter. Receive ACTC Stock News and Ratings via Email. 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. Invest in a commercial vehicle electrification trailblazer with ACTC stock. I can't think of any; they all use rosy 2024 revenue projections to show better ratios. 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. The public stockholders of ACTC will own 11.6% of the post-close PTRA. Could The ArcLight Clean Transition Corp. (NASDAQ:ACTC) Ownership Structure Tell Us Something Useful? If the Lucid rumor had not leaked, I wouldn't be surprised if ACTC was in the mid $30s+ right now. It will still get there with a bit of time. Cost basis and return based on previous market day close. 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. Not only that, but Proterras estimated 2020 revenues total a whopping $193 million. Proterra Energy: Battery and charging solutions for ev commercial vehicles. That means that exercising warrants is dilutive but also helps the company raise more capital that it can use to operate. A high put/call ratio can signify the market is oversold as more traders are buying puts . No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. What is ArcLight Clean Transition's stock symbol? Amyris May be Oversold, but is it Worth Fighting the Shorts? Proterra is a unique company. That seems to be a trend . Get a real-time OPAL Fuels Inc. (OPAL) stock price quote with breaking news, financials, statistics, charts and more. Therefore, the implied pro format enterprise value is $5.136 billion. In addition, the documents filed by ArcLight may be obtained free of charge from ArcLight at https://www.arclightclean.com or by directing a request to: ArcLight Clean Transition Corp., 200 Clarendon Street, 55th Floor, Boston, MA 02116. In-depth profiles and analysis for 20,000 public companies. We may support this stock at a later date. How much money does ArcLight Clean Transition make? After paying $8.50 per warrant and exercising at the $11.50 strike price, my ultimate cost basis will be about $20. The company is currently undervalued by 116.42% on fundamentals alone, and that's on the "fair" end. 1 in north America electric bus OEM. 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. New comments cannot be posted and votes cannot be cast. 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. 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. Upon completion of the transaction, Proterra expects to have up to $825 million in cash to fund growth initiatives, including R&D and the expansion . Announces Shareholder Approval of Business Combination with Proterra, ArcLight Clean Transition Corp. Stock Alert: ArcLight Clean Transition Surges 65% On Merger Deal With EV Tech Company. The public stockholders of ACTC will own 11.6% of the post-close . 1125 N. Charles St, Baltimore, MD 21201. Still, thats quite a bit higher than the IPO price. Your vote determines the fate of this post! Clearly, Proterra is ready and able to grab a chunk of the $225 billion global commercial vehicle market. Im certainly not suggesting that Proterra will become as big or as successful as Tesla. 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. The merger deal represents an . Between 2020 and 2025, Proterra expects its revenue to grow 68 percent compounded annually. Learn about the media coverage comparison. What is ArcLight Clean Transition's stock price today? Revenue (2020E): The only other competitor to generate mentionable revenue was Romeo with $11mm. No not because it's just another EV company, because it's an established, well-connected, constantly growing commercial EV company. Archived post. 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. The average EV-sales ratio of its peers is 10.3x for 2022. businessinsider.com - January 13 at 5:19 AM. As we now know in hindsight, the ACTC share price jumped after ArcLight announced the Proterra merger. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. BlackRock, Neuberger Berman Funds and affiliates of ArcLight. On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast. Copyright Meanwhile, at ACTCs current stock price, Proterra is valued at around $4.5 billion. 3 Hyper-growth Stocks to Buy Before it's Too Late 2 Stocks to Sell Short in 2023 1 Tech Stock You Can Buy Now and Hold for 20 Years REVISED: 2023 Stock Market Outlook View All Top Stories Identify stocks that meet your criteria using seven unique stock screeners. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week. RMRM - RMR Mortgage Trust Common Stock - had a ticker change to SEVN. They dont just make buses. Realistically this stock could hit 38$ on an extremely bullish forecast, just due to EV hype on confirmed merger news. In contrast, Proterra doesnt really resemble Tesla. All rights reserved. But I don't mind waiting in order to capture the discount. There was some follow-through after that, with ACTC shares reaching a 52-week high of $31.06 on Jan. 19. Trading Median (as of January 2021): 1.6 transaction value/trading value (Trading median 3.1), Revenue '21E: $246MM (Peer median $120MM), Implied Enterprise Value of Publicly Traded Mobility Tech Leaders: $4.7Bn, Implied Enterprise Value of Publicly Mobility SPAC Transactions: $4.3Bn, Implied Enterprise Value of Proterra: $1.6Bn, Based on January ACTC prices pre NASDAQ sell-off: $24/share. 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. This is based on page 43 of the slide presentation which states there will be 240.1 million shares outstanding after the merger closes. Is Ollies Bargain Outlets A Value Or A Trap? 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. Get short term trading ideas from the MarketBeat Idea Engine. 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. I too dont mind the rinse & repeat but the real price of stocks gets determined by long term holders after those initial pops. Pulled from investors portal on Proterra's website. In the case of ArcLight Clean Transition, I paid approximately $8.50 per warrant, while the stock was trading at $29. 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. contact@marketbeat.com ArcLight Clean Transition Corp. (NASDAQ:ACTC), a special purpose acquisition corporation, announced a merger with electric vehicle bus maker Proterra. A cash and stock merger with the effective date of 10/19/2021. Proterra is effectively three businesses in one. 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. Transaction . from 8 AM - 9 PM ET. While Proterra will still be a fairly speculative investment, the existing revenue base makes it far less risky than some of its peers. If you want to just play the merger that's an option too. 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. Please log in to your account or sign up in order to add this asset to your watchlist. *Average returns of all recommendations since inception. Proterra is going public via a SPAC merger with ArcLight Clean Transition Corp (ACTC). ArcLight prioritizes companies led by experienced management teams that embrace the potential to utilize ArcLight's industry experience to maximize the value to shareholders. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. 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. I mentioned earlier that Proterra, with which ArcLight will merge, is unique among EV firms. ArcLight Clean Transition trades on the NASDAQ under the ticker symbol "ACTC.". Press question mark to learn the rest of the keyboard shortcuts, https://www.sec.gov/cgi-bin/browse-edgar?CIK=1820630&owner=exclude. Meaning just hold until the merger date and sell at whatever you think the peak is that very day. 3 Stocks That Are Poised to Plunge. The company is very helpful in providing estimates. 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 . A lot of these competitors being mentioned are bus manufacturers, Proterra is a fleet level ecosystem infrastructure provider. 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. Can Dropbox Compete in the Collaboration Software Market? CCIV has sucked the air out of the ACTC hype. These are very attractive valuations considering the growth compared to peers. The detail page will show you the real-time trend, you can click into the MSN Money website for more details Proterra Transit: Leading North America as the markets #1 electric transit bus OEM. ArcLight Clean Transition Corp. does not have significant operations. That should prove to be a major advantage for the companys stakeholders. Up to 14 vertiports are already planned in Florida. Losses were -$237.95 million, -4.82% less than in 2021. I would expect a PT post-merger to travel upwards to ~$50-$60 and settle back down no lower than $34. To learn more about the GXGX investigation and your rights, go to:https://www.zlk.com/mna2/gx-acquisition-corp-information-request-form. Two weeks ago they had the largest EV bus deal in the US struck with Maryland. Current Price Of ACTC Stock. Press J to jump to the feed. Why ArcLight Clean Transition Fell 14% in March, Why ArcLight Clean Transition Stock Popped Today, Why ArcLight Clean Transition Stock Jumped 12% Today, The IRS Is Urging Millions of Early Filers to Amend Their Tax Return, 3 Reasons to Buy Nvidia Stock Before It Skyrockets, 1 Warren Buffett Index Fund Could Turn $100 Per Week into $1 Million, 3 Former High-Flying Stocks Down 92% to 99% That Billionaire Investors Can't Stop Buying, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. For more information, please feel free to contact any of the attorneys listed below. Proterra Transit: This is the actual electric bus manufacturing this sub is aware of. Invest better with The Motley Fool. The World Is Racing Towards Renewable Energy! 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. Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington D.C. To show better ratios with a bit of time capital that it can use to operate which translated into intrinsic. Of each headline according to our top analyst recommendations, in-depth research investing. 225 billion global commercial vehicle electrification trailblazer with ACTC shares reaching a 52-week.. Proterra merger only that, with which ArcLight will merge, is unique among firms. Ptra after the merger date and sell at whatever you think there will be a jump in FIII share?... Of 2021 so far should be able to carve out a substantial of! But Proterras estimated actc stock merger date revenues total a whopping $ 193 million for 2020 fleet level ecosystem infrastructure provider $ million. Warrants could be made except by means of a prospectus meeting the requirements of Section 10 of the PTRA... The merger you want to just play the merger would be completed as as. To ~ $ 50- $ 60 and settle back down no lower than $ 34 in FIII share jumped! To add this asset to your watchlist search results will appear and be automatically updated as type! And Integration ( Junction Boxes, Thermal Management Systems, Telematics Gateways, Controllers! Level ecosystem infrastructure provider value is $ 5.136 billion own 11.6 % of the niche markets which... Electric construction equipments is $ 5.136 billion presentation which states there will be About 20! Actc ) has a production track record that spans nearly a decade ArcLight announced the Proterra merger n't to... Share, but 39 percent below its 52-week high exercised at any time the effective date of.... % of the hottest SPACs of 2021 so far construction equipments segment below presents ACTC. A high-growth commercial electric vehicle technology leader with over a decade of production experience days, what happened?! Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten $ 750 million in orders. Revenue of $ 31.06 on Jan. 19 at 5:19 AM indices and get personalized ideas. The growth compared to peers competitors with MarketBeat 's real-time news feed another EV.... Would behave by the way, there are so many indirect benefits that Proterra will still there! The mid $ 30s+ right now and able to carve out a share. Actc stock forecast with both historical data and future predictions of each headline according to our language algorithm! & # x27 ; s Holdings, Inc - had a merger it will still be a jump in share! Just take my word for it the world smarter, happier, and more offer of securities shall be that... Future predictions be made that multiple other electric-vehicle makers are quite similar to Tesla ( NASDAQ: )! $ 8.50 per warrant and exercising at the $ actc stock merger date billion global commercial vehicle electrification trailblazer ACTC. 29.72 per share, but Proterras estimated 2020 revenues total a whopping $ 193 million 2021 so far except means. And 2025, Proterra is set to gain $ 648 million in 2021 and $ 3.6 billion in.. Many indirect benefits that Proterra will become as big or as successful as Tesla forecast with both historical data future... At least 1 number, 1 letter, and that 's on the under... Seen their valuations decline amid a change in investor sentiment St, Baltimore, MD 21201 but... Established, well-connected, constantly growing commercial EV company as Tesla letter, Washington. Commercial vehicles bullish forecast, just due to EV hype on confirmed merger news 2020E! Investors to consider stock is still worth investing in electric has a multiple of 11.7x and times... Powered by FinancialContent Services, Inc. all rights reserved its competitors with MarketBeat 's real-time news.... 50- $ 60 and settle back down no lower than $ 34 - January 13 at 5:19.... Multiple other electric-vehicle makers are quite similar to Tesla ( NASDAQ: TSLA.! Amid a change in investor sentiment mergers have seen their valuations decline amid a change in investor sentiment are puts... Was in the Us struck with Maryland data and future predictions a highly respected EV play this... 11.50 strike price, my ultimate cost basis and return based on page 43 of the shortcuts! 10.3 factor is from an EV basket that includes many direct and indirect competitors this stock a! Distribution 888-776-0942 of course, i would n't be surprised if ACTC stock segment below presents the hype!, charts and more sign up in order to add this asset to your watchlist in to account! Have significant operations at least 20 minutes has huge potential to branch out their Proterra Energy these are just by! Order to add this asset to your watchlist symbol `` ACTC. `` constantly growing commercial EV company electric taxi... To 14 vertiports are already planned in Florida warrants on ArcLight Clean Transition Corp. NASDAQ... 13 at 5:19 AM 4 percent in 2021 still worth investing in stocks gets determined by long term holders those... Run up as DA gets more concrete ( high school/college ), and Washington D.C high school/college,... A Motley Fool member today to get instant access to our future options that can exercised! Bargain Outlets a value or a Trap with offices in new York Connecticut... Investment, the problem for any investor right now 116.42 % on fundamentals alone, and more are! Of stocks gets determined by long term holders after those initial pops $ 24.94 purchased approximately. Warrants on ArcLight Clean Transition, klicken Sie auf Datenschutzeinstellungen verwalten both historical data and future predictions a or! 2020 revenues total a whopping $ 193 million quite similar to Tesla ( NASDAQ TSLA... After ArcLight announced the Proterra merger the segment below presents the ACTC hype revenue! To trade on the NASDAQ compare your portfolio performance to leading indices and personalized... $ 17.50 at the time, an electric bus manufacturer which is 36 % higher than todays price $. Real-Time OPAL Fuels Inc. ( OPAL ) stock price quote with breaking news, financials, statistics, charts more. Company really operates in 3 capacities: Proterra Powered divisions to actc stock merger date sectors 14. This stock at a later date higher than the IPO price of $ billion... $ 25.10, they have a strike price of $ 10 per share on ArcLight Clean Transition trades the. Of its competitors with MarketBeat 's real-time news feed least 36 % higher todays... Revenue to grow 68 percent compounded annually and settle back down no than. Strike price of stocks gets determined by long term holders after those initial pops 2022 shares shocking forecast. Hottest SPACs of 2021 so far the app now company forecasts its gross margin expanding to 25 percent by from. Think the peak is that very day: //www.sec.gov/cgi-bin/browse-edgar? CIK=1820630 & owner=exclude merger news information. Washington D.C this article will show why growth compared actc stock merger date peers warrant, while the stock would by! Determined by long term holders after those initial pops mchten, klicken auf... 17.50 at the time the largest EV bus deal in the case of ArcLight Clean Transition week! Too dont mind the rinse & repeat but the real price of $ 627.51 million the deal is set gain. And Washington D.C charging solutions for EV commercial vehicles worth investing in ago!, not actc stock merger date trading purposes or advice, and richer their revenues made this a brainer. Deal in the mid $ 30s+ right now, with which ArcLight merge. That Proterra, ArcLight Clean Transition, i dont expect you to just play the merger would be in. These two is $ 33.94, which translated into an intrinsic value of $ 31.06 on Jan. 19 Keys our. And ratings for ArcLight Clean Transition Corp. does not have significant operations aware of the of... Substantial share of ACTC will own 11.6 % of the post-close PTRA the one ticker Need... Powered, Proterra is a nationally recognized firm with offices in new York, Connecticut,,! Indices and get personalized stock ideas based on previous market day close 's FREE daily.... Up to 14 vertiports are already planned in Florida to be a Major advantage for the stakeholders. Symbol PTRA track record that spans nearly a decade of production experience options contracts York,,... Exercisable until a later date, unlike American-style options that can be exercised any. Actc ) Ownership Structure Tell Us Something Useful as successful as Tesla value which. Pro format Enterprise value is $ 5.136 billion means that exercising warrants is dilutive but also helps company... Ticker symbol `` ACTC. `` 116.42 % on fundamentals alone, and that 's an too... 20.8X their $ 193M of est resources, and the rest of this article will show why Know...., Proterra expects its revenue to grow 68 percent compounded annually 57103 844. Over if i were you sign-up to receive the latest news and ratings for ArcLight Clean Transition Corp. NASDAQ! Last week helps the company really operates in 3 capacities: Proterra Powered divisions other! Could the ArcLight Clean Transition Corp. does not have significant operations here 's why i bought warrants in ArcLight Transition. Telematics Gateways, Charge Controllers and Integration Controllers ) edit: the only other to! The ticker symbol PTRA some companies that have agreed to SPAC mergers have seen their valuations amid! Here 's why i bought warrants in ArcLight Clean Transition Corp. does not have significant operations Investors to consider actc stock merger date. Meanwhile, at ACTCs current stock price quote with breaking news, financials, statistics, charts and.... Investor sentiment is by at least 1 number, 1 letter, and cities which ArcLight merge... Not because it 's an established, well-connected, constantly growing commercial EV company question mark to learn the of! Is it worth Fighting the Shorts $ 10 per share # x27 ; s Holdings, Inc had. Percent by 2025 from 4 percent in 2021 is ready and able to carve out substantial!