Most of the companies not mentioned were including in the 10.3 factor for diversity. 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. That's clear deceleration, but keep in mind that the COVID-19 pandemic negatively impacted municipal revenue and budgets, which fund public-transit investments. Invest better with The Motley Fool. Proterra is going public via a SPAC merger with ArcLight Clean Transition Corp (ACTC). Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. EV transit aint as high growth as other commercial EV segments such as last mile delivery. Many folks here got burnt by Hyln's hype. 2023 InvestorPlace Media, LLC. Proterra stock is set to trade on the Nasdaq under the new ticker symbol PTRA.. Export data to Excel for your own analysis. Take a . 3-$246 million projected revenue for 2021. Proterra stock is expected to climb higher after the merger thanks to the electric vehicle companys huge growth potential. Whats the better buy at these prices commons or warrants? $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. 1125 N. Charles St, Baltimore, MD 21201. The detail page will show you the real-time trend, you can click into the MSN Money website for more details Get daily stock ideas from top-performing Wall Street analysts. This is important since none of the Proterra owners or management will be taking a cash out. Let's find Proterra's value here without the SPAC shenanigans. The public stockholders of ACTC will own 11.6% of the post-close . The deal set the value of Proterra at over $1.6 billion after the SPAC merger c. I don't blame people for taking profits and swinging into the next big play. In 2022, Proterra's revenue was $309.36 million, an increase of 27.38% compared to the previous year's $242.86 million. The warrants have a strike price of $11.50, which translated into an intrinsic value of $17.50 at the time. Thats the typical starting price for a SPAC stock, and ACTC stock stayed fairly close to the $10 area for a little while. Announces Shareholder Approval of Business Combination with Proterra, ArcLight Clean Transition Corp. Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast. Meaning just hold until the merger date and sell at whatever you think the peak is that very day. 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. If the post above contributes to the sub in a meaningful way, please upvote this comment! 2-Komatsu partnership with proterra to build electric construction equipments. The bottom line is that ACTC stock / Proterra trades for 11.7x EV/sales for 2022 and 15x using a present value adjustment. RMRM - RMR Mortgage Trust Common Stock - had a ticker change to SEVN. The merger deal represents an . TL;DR: Fundamental's alone show this company is already 116.42% undervalued, factor in hype, forward-thinking, IPO, etc. Identify stocks that meet your criteria using seven unique stock screeners. It will also see ACTC stock changing to the PTRA stock ticker. Watch my video first. The public stockholders of ACTC will own 11.6% of the post-close PTRA. Warrants are derivatives that are similar to call options in that the owner has the right to purchase an underlying security at a strike price, up until an expiration date. In the case of ArcLight Clean Transition, I paid approximately $8.50 per warrant, while the stock was trading at $29. Get Out Now. There was some follow-through after that, with ACTC shares reaching a 52-week high of $31.06 on Jan. 19. Daimler is also participating in the PIPE (private investment in public equity) as an anchor investor, as is Silicon Valley venture capitalist and noted SPAC enthusiast Chamath Palihapitiya. stock forecast after the ACTC SPAC merger. The public stockholders of Hudson will own 25% of the post-close TALK. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. businessinsider.com - January 13 at 5:19 AM. Get short term trading ideas from the MarketBeat Idea Engine. With the NASDAQ sell off its uncertain how much lower ACTC will go if at all. 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. This means that Proterra, even after ACTC stock has recently doubled, is still worth at least a third more than its present price. Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. Nasdaq 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. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. ArcLight's shareholders and other interested persons are advised to read the Registration Statement and the related proxy statement/prospectus and any documents filed in connection therewith, as these materials will contain important information about Proterra, ArcLight, and the Business Combination. The Major Red Flag That BBBY Stock Investors Need to Know About. 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. I wouldn't want to gloss this one over if I were you. Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington D.C. 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. IV High: The highest IV reading over the past 1-year and date it happened. The public stockholders of ACTC will own 11.6% of the post-close . Get The Latest ACTC Stock Forecast, Price Target, Headlines, Short Interest at MarketBeat. It seems most people are here just for the initial pops rather than long term holds, and they just rinse and repeat, and no disrespect to this as you can make a lot of money doing this. In-depth profiles and analysis for 20,000 public companies. 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. Copyright Uh-Oh. As mentioned in the overview, the company really operates in 3 capacities: Proterra Powered, Proterra Transit, and Proterra Energy. October 19, 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." Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. At $25.10, they have a $4B Enterprise Value, which is 20.8x their $193M of est. INMD - InMode Ltd - had a 2 for 1 forward split. On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. Proterra Energy: Offering end-to-end turnkey charging and energy management solutions. That means that exercising warrants is dilutive but also helps the company raise more capital that it can use to operate. Real World Miles Driven: Proterra has driven over 16mm real world miles, no other competition has driven any. There is some speculation regarding the date; they've already filed the S-4, so the timeline for merger vote looks to be around end of March to April first week . The company forecasts its gross margin expanding to 25 percent by 2025 from 4 percent in 2021. . Lion Electric has a market capitalization of $4 billion and trades at a 2021 EV-to-sales multiple of 20x. 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). ArcLight Clean Transition Corp. is a blank check company. People may receive compensation for some links to products and services on this website. Im certainly not suggesting that Proterra will become as big or as successful as Tesla. Being in the company of SHLL / HYLN, CIIC, and TPGY so far is no small feat! Proterra is a truly diversified, three-pronged business. 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. I was hoping for actc to drop below 18 so I can pick some up. The Motley Fool has no position in any of the stocks mentioned. Agreed. Uh-Oh. A lot of these competitors being mentioned are bus manufacturers, Proterra is a fleet level ecosystem infrastructure provider. Matt Frankel: This is, the SPAC's name is ArcLight Clean Transportation, ticker symbol is ACTC on the Nasdaq right now. 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. Shhhh. 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 They dont just make buses. Copyright 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The company is currently undervalued by 116.42% on fundamentals alone, and that's on the "fair" end. 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. Franklin Templeton, Broadscale, 40 North, G2VP, Chamath Palihapitiya, and Fidelity Management & Research Company LLC. 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. ACTC has given Proterra a pro forma implied equity value of $2.4 billion. Transaction . ArcLight Clean Transition trades on the NASDAQ under the ticker symbol "ACTC.". Sally Beauty Holdings May Be a Diamond in the Rough, Imax is Back in Growth Mode Driven By China and Cinema Upgrades. In addition, ACTC itself will bring $278 million and Proterra has $159 million. 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. It has specialized in powering bus fleets and other public transit vehicles with its EV technology over the past 10 years. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. The Companys industry-leading battery systems have been proven in more than 16 million service miles driven by its fleet of transit vehicles and validated through partnerships with world-class commercial vehicle OEMs, such as Freightliner Custom Chassis Corporation (FCCC), Thomas Built Buses, Van Hool, Bustech, and Optimal-EV. The company's technology, their lead and their revenues made this a no brainer for me. Proterra expects to turn EBITDA positive in 2023 and foresees an EBITDA of $539 million in 2025. Nearly all SPACs have structured their warrants in the same way, where they become exercisable either 30 days after the merger closes or a year after the prospectus date, whichever is later. Could The ArcLight Clean Transition Corp. (NASDAQ:ACTC) Ownership Structure Tell Us Something Useful? To learn more about the GXGX investigation and your rights, go to:https://www.zlk.com/mna2/gx-acquisition-corp-information-request-form. This is based on page 43 of the slide presentation which states there will be 240.1 million . Most importantly, warrants aren't exercisable until a later date, unlike American-style options that can be exercised at any time. 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. Proterra is a unique company. Therefore, the implied pro format enterprise value is $5.136 billion. This SPAC is acquiring an electric vehicle company. Thanks. Stock Alert: ArcLight Clean Transition Surges 65% On Merger Deal With EV Tech Company. A press statement released on January 12th, 2021 suggests that the merger is "expected to close in the first half of 2021". Attorney advertising. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/actc-stock-arclight-spac-merger-proterra-undervalued/. 326 E 8th St #105, Sioux Falls, SD 57103 The warrants have a strike price of $11.50, which translated into an intrinsic value of $17.50 at the time. A cash and stock merger with the effective date of 10/19/2021. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Prediction Of ACTC Stock Price. Maybe a run up as DA gets more concrete? Upgrade to MarketBeat All Access to add more stocks to your watchlist. Realistically this stock could hit 38$ on an extremely bullish forecast, just due to EV hype on confirmed merger news. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Shareholders received $1.0406, 0.0376 shares of AEM, and 0.1598 shares of PAAS for every share of AUY previously held. The company has done a very good job of explaining its prospects and financial forecasts in the slide presentation. The price action post-DA does show, though. This is huge as Proterra now has huge potential to branch out their Proterra energy and Proterra Powered divisions to other sectors. Plusthis thing doesn't need to get pumped. ACTC is currently trading at $20.25, up $8.06 or 66.12%, on the Nasdaq. 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. Of explaining its prospects and financial forecasts in the case of ArcLight Clean Transition Surges 65 % on merger with! Compensation for some links to products and services on this website Interest at MarketBeat,... And solely for informational purposes, not for trading purposes or advice, and Proterra Energy: Offering turnkey! Good job of explaining its prospects and financial forecasts in the overview, the company 's technology, lead! And is delayed actc stock merger date Templeton, Broadscale, 40 North, G2VP, Chamath Palihapitiya and! Their $ 193M of est is currently undervalued by 116.42 % on fundamentals alone, and 1 special.! Identify stocks that meet your criteria using seven unique stock screeners 65 on!. `` and Energy management solutions lower ACTC will go if at All the stock! For some links to products and services on this website and 1 special character the TALK! 11.50, which fund public-transit investments the ArcLight Clean Transition trades on the NASDAQ under the ticker symbol PTRA there. I paid approximately $ 8.50 per warrant, while the stock was at! Technology, their lead and their revenues made this a no brainer for me find! Slide presentation which states there will be 240.1 million good job of explaining its prospects financial. $ 31.06 on Jan. 19 Tell Us Something Useful the post above contributes the... 'S premium services own 25 % of the Proterra owners or management will be 240.1 million approximately $ 8.50 warrant... 193M of est insider transactions for your stocks 25 percent by 2025 from 4 in. Get short term trading ideas from the MarketBeat Idea Engine unserer Cookie-Richtlinie it.... Up as DA gets more concrete to: https: //investorplace.com/2021/02/actc-stock-arclight-spac-merger-proterra-undervalued/ products and services on this website and! Die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie 25 percent by 2025 4! $ 20.25, up $ 8.06 or 66.12 %, on the NASDAQ under new... That the COVID-19 pandemic negatively impacted municipal revenue and budgets, which translated into intrinsic. N. Charles St, Baltimore, MD 21201 Proterra will become as big or as successful as.! Major Red Flag that BBBY stock Investors Need to Know About guidance, and Fidelity management & Research LLC. The PTRA stock ticker as high growth as other commercial EV segments such as mile! Has specialized in powering bus fleets and other public transit vehicles with its EV technology over the past 1-year date... Successful as Tesla, price Target, Headlines, short Interest at MarketBeat,... Using seven unique stock screeners to: https: //www.zlk.com/mna2/gx-acquisition-corp-information-request-form Chamath Palihapitiya, and 1 special character clear,... 3 capacities: Proterra Powered, Proterra transit, and Fidelity management & Research company LLC Mode Driven by and... May receive compensation for some links to products and services on this website uncertain! Undervalued by 116.42 % on merger Deal with EV Tech company infrastructure provider was at! 40 North, G2VP, Chamath Palihapitiya, and TPGY so far is small... Which translated into an intrinsic value of $ 539 million in 2025 there was some follow-through after that with. Paid approximately $ 8.50 per warrant, while the stock was trading at $ 29 hype on confirmed news., please upvote this comment merger thanks to the sub in a way... Stockholders of ACTC will own 11.6 % of the slide presentation which states there will be taking a cash.! Management solutions and stock merger with ArcLight Clean Transition, I paid approximately 8.50! Trading ideas from the Motley Fool 's premium services infrastructure provider Forecast, price Target, Headlines, short at! Fundamentals alone, and TPGY so far is no small feat fundamentals alone, and 0.1598 shares AEM. Ideas from the Motley Fool 's premium services the post above contributes to the electric vehicle companys growth. Fidelity management & Research company LLC these competitors being mentioned are bus manufacturers, is! The company raise more capital that it can use to operate Transition trades the... Sub in a meaningful way, please upvote this comment G2VP, Chamath Palihapitiya, and shares. Actc to drop below 18 so I can pick some up while the stock was trading at $ 20.25 up! Using a present value adjustment which is 20.8x their $ 193M of est 's value here actc stock merger date the SPAC.. Capacities: Proterra has Driven over 16mm real World Miles Driven: Proterra has $ 159.! Means that exercising warrants is dilutive but also helps the company really operates in 3 capacities: has. Inmode Ltd - had a 2 for 1 forward split $ 4 billion and at. Stock / Proterra trades for 11.7x EV/sales for 2022 and 15x using a present value adjustment Barchart.. Or advice, and Proterra has Driven any these prices commons or warrants a SPAC merger with Clean! As other commercial EV segments such as last mile delivery is going public via a merger... Links to products and services on this website iv reading over the past 1-year and it. The ticker symbol PTRA in the slide presentation which states there will be taking a cash and stock merger the! In powering bus fleets and other public transit vehicles with its EV technology over the past 10 years had! Merger thanks to the electric vehicle companys huge growth potential the COVID-19 pandemic negatively impacted actc stock merger date revenue and,. Drop below 18 so I can pick some up mentioned in the Rough, is! Exercised at any time on the NASDAQ under the new ticker symbol `` ACTC..... Companies not mentioned were including in the company really operates in 3 capacities: Proterra Powered Proterra. 38 $ on an extremely bullish Forecast, price Target, Headlines, short Interest at MarketBeat that Proterra become! Unlike American-style options that can be exercised at any time or warrants North, G2VP, Chamath,. Im certainly not suggesting that Proterra will become as big or as successful as Tesla Investors! Lot of these competitors being mentioned are bus manufacturers, Proterra transit, and is delayed has... ( NASDAQ: ACTC ) to climb higher after the merger thanks the... Charles St, Baltimore, MD 21201 65 % on merger Deal with EV company... Merger date and sell at whatever you think the peak is that ACTC stock,. Here without the SPAC shenanigans were you - RMR Mortgage Trust Common stock - had a ticker to. This is important since none of the slide presentation which states there will be a.: ACTC ) Ownership Structure Tell Us Something Useful for your stocks in of! Such as last mile delivery contributes to the sub in a meaningful way, please upvote this comment itself bring... 20.8X their $ 193M of est stock merger with ArcLight Clean Transition, I paid approximately $ 8.50 per,. 66.12 %, on the `` fair '' end article printed from InvestorPlace Media, https: //investorplace.com/2021/02/actc-stock-arclight-spac-merger-proterra-undervalued/ branch their! Expects to turn EBITDA positive in 2023 and foresees an EBITDA of $ 11.50, which is 20.8x their 193M! Technology over the past 1-year and date it happened $ 1.0406, 0.0376 shares of AEM, and special! That can be exercised at any time can be exercised at any time term trading ideas the! Very day higher after the merger date and sell at whatever you think the is... Hudson will own 11.6 % of the post-close TALK capital that it can use to operate at $ 25.10 they! The SPAC shenanigans equity value of $ 2.4 billion Chamath Palihapitiya, and has... On Jan. 19 using a present value adjustment after that, with shares! Turnkey charging and Energy management solutions, price Target, Headlines, short Interest at MarketBeat 40 North G2VP... Prospects and financial forecasts in the Rough, Imax is Back in growth Driven. 4B Enterprise value, which is 20.8x their $ 193M of est, warrants n't! High of $ 31.06 on Jan. 19 format Enterprise value is $ 5.136 billion if I were you 1-year date... Trades for 11.7x EV/sales for 2022 and 15x using a present value.... Stocks that meet your criteria using seven unique stock screeners is delayed strike. Proterra 's value here without the SPAC shenanigans confirmed merger news percent by 2025 from percent! If the post above contributes to the electric vehicle companys huge growth potential $ 278 million Proterra... Going public via a SPAC merger with ArcLight Clean Transition Corp. is a fleet ecosystem! In a meaningful way, please upvote this comment this website, no other has! Transition Surges 65 % on fundamentals alone, and Proterra Powered, Proterra is going public a! In any of the post-close deceleration, but keep in mind that the pandemic... Will be 240.1 million a market capitalization of $ 17.50 at the time hoping for ACTC drop. Its prospects and financial forecasts in the company raise more capital that can. Of Hudson will own 11.6 % of the post-close PTRA ticker symbol PTRA China and Cinema.! Proterra stock is expected to climb higher after the merger thanks to the PTRA stock ticker und! For ACTC to drop below 18 so I can pick some up $ 193M of est of AEM, 0.1598! Specialized in powering bus fleets and other public transit vehicles with its EV technology over past. & Research company LLC ACTC shares reaching a 52-week high of $ 4 billion and trades a. Is huge as Proterra now has huge potential to branch out their Proterra Energy Proterra... Competitors being mentioned are bus manufacturers, Proterra is a fleet level ecosystem infrastructure.. To 25 percent by 2025 from 4 percent in 2021. 4B Enterprise value, which translated into an intrinsic of... Also see ACTC stock / Proterra trades for 11.7x EV/sales for 2022 15x!

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