1-Daimler partnership & Investor. Archer has already received a $1 billion order from United Airlines. With the NASDAQ sell off its uncertain how much lower ACTC will go if at all. 3 Stocks That Are Poised to Plunge. 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. Proterra was a highly respected EV play in this sub during the hylion shll days, what happened now? USWS - U.S. Well Services, Inc - had a 2 for 7 reverse split. . 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" 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. 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 . The documents filed by ArcLight with the SEC may also be obtained free of charge at the SEC's website at www.sec.gov. Franklin Templeton, Broadscale, 40 North, G2VP, Chamath Palihapitiya, and Fidelity Management & Research Company LLC. TL;DR: Fundamental's alone show this company is already 116.42% undervalued, factor in hype, forward-thinking, IPO, etc. The deal set the value of Proterra at over $1.6 billion after the SPAC merger c. Most IPO documents would not show these kinds of forecasts for investors. All rights reserved. Meanwhile, at ACTC's current stock price, Proterra is valued at around $4.5 billion. It will still get there with a bit of time. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. Though the price is at $25 now, it has just appreciated less than 20% after the post DA price of $21-$22. Warrant holders need to keep an eye out for these types of announcements, and many SPAC targets have redeemed the outstanding warrants after completing the merger, known as the de-SPAC transaction. 1125 N. Charles St, Baltimore, MD 21201. (844) 978-6257. This Critical Metal May Soon Power Our Future! Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. If you look at the presentation, majority of future growth derives from selling powertrains/parts. Each headline receives a score ranging from 2 (good news) to -2 (bad news). Any and all thoughts please? 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. I can't be the only one who plays post DA strategy right? 1-pager attached. Thats good news for anyone whos looking for an electric-vehicle SPAC stock that stands apart from the rest. This implies that the ACTC stock / PTRA stock valuation should have an 84% premium. ArcLight Capital Partners, LLC. June 11, 2021|markets.businessinsider.com. Take a . I am long on this with my shares. How can I contact ArcLight Clean Transition? This means that Proterra, even after ACTC stock has recently doubled, is still worth at least a third more than its present price. With industry- leading durability and energy efficiency based on rigorous U.S. independent testing, Proterra products are proudly designed, engineered and manufactured in America, with offices in Silicon Valley, South Carolina, and Los Angeles. Sign up to receive the latest news and ratings for ACTC and its competitors with MarketBeat's FREE daily newsletter. Announces Shareholder Approval of Business Combination with Proterra, ArcLight Clean Transition Corp. 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." Upgrade to MarketBeat All Access to add more stocks to your watchlist. Moreover, a PIPE (private investment in public equity) will buy $415 million of ACTC shares at $10 at the deal closing. 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. Maybe a run up as DA gets more concrete? On the date of publication, Mark R. Hake holds a long position in Tesla (TSLA) stock. That seems to be a trend . Proterra generated $193mm. The World Is Racing Towards Renewable Energy! Therefore, the implied pro format enterprise value is $5.136 billion. Generally speaking, when a stock spikes for some reason, there's a tendency for it to revert back toward where it was previously trading, a phenomenon known as mean reversion. Better World Acquisition Corp. is a blank check company. Compare that to Arrival, which has announced its merger with CIIG Merger Corp (CIIC) and will compete with Proterra in the market for commercial EVs. Get daily stock ideas from top-performing Wall Street analysts. All rights reserved. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Copyright October 19, 2021. Our daily ratings and market update email newsletter. Lion Electric expects to deliver 650 vehicles in 2021 and foresees that rising to 18,400 vehicles in 2024. The bottom line is that ACTC stock / Proterra trades for 11.7x EV/sales for 2022 and 15x using a present value adjustment. Shareholders received $1.0406, 0.0376 shares of AEM, and 0.1598 shares of PAAS for every share of AUY previously held. Mark Hake writes about personal finance on mrhake.medium.com and runs the Total Yield Value Guidewhich you can reviewhere. largest EV bus deal in the US struck with Maryland. Pulled from investors portal on Proterra's website. This implies that ACTV/PTRA stock is still worth much more. Offers may be subject to change without notice. To learn more about the GXGX investigation and your rights, go to:https://www.zlk.com/mna2/gx-acquisition-corp-information-request-form. Financial Statements. Shhhh. pic.twitter.com/Lv1Q6zkQwj. Could The ArcLight Clean Transition Corp. (NASDAQ:ACTC) Ownership Structure Tell Us Something Useful? The company was founded on July 28, 2020 and is headquartered in Boston, MA. stock forecast after the ACTC SPAC merger. Meaning just hold until the merger date and sell at whatever you think the peak is that very day. @Proterra_Inc is NA's #1 EV bus OEM. American Consumer News, LLC dba MarketBeat 2010-2023. Our daily ratings and market update email newsletter. Shareholders will receive $62.10 cash per share of LDL previously held. 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. EDIT: The 10.3 factor is from an EV basket that includes many direct and indirect competitors. Even though ACTC stock has risen over 100% since revealing that deal, I believe it is still at least 36% undervalued. This price couldnt be maintained, however, as ACTC stock then started to fizzle out. Consequently, the owners of ACTC stock can bank on Proterras diversified market strategy and its potentially robust revenues in 2021. A press statement released on January 12th, 2021 suggests that the merger is "expected to close in the first half of 2021". 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. I'm up 230% on commons and warrants combined. 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. The company was founded on August 5, 2020 and is headquartered in New York, NY. Proterra Transit: Leading North America as the markets #1 electric transit bus OEM. Rather, Proterra should be able to carve out a substantial share of the niche markets within which it operates. EV transit aint as high growth as other commercial EV segments such as last mile delivery. 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. This communication is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy, any securities or the solicitation of any vote in any jurisdiction pursuant to the Business Combination or otherwise, nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of applicable law. Current Price Of ACTC Stock. At almost 39 percent below its peak, the stock gives investors exposure to Proterra at a bargain. The company projects to post revenue of $204 million in 2021 and $3.6 billion in 2024. 326 E 8th St #105, Sioux Falls, SD 57103 2-Current revenue generating business . In addition to making EV buses, Proterra also supplies electric powertrains to other commercial EV manufacturers and also offers fleet-level charging systems and energy-management services to fleet owners. 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. Get short term trading ideas from the MarketBeat Idea Engine. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/even-after-doubling-in-price-actc-stock-still-looks-good/. Clearly, Proterra is ready and able to grab a chunk of the $225 billion global commercial vehicle market. Disclaimer: I am not a financial advisor, nothing I ever say or do is a financial recommendation. The company can be reached via phone at 617-531-6300 or via email at investor.relations@arclightclean.com. This is based on page 43 of the slide presentation which states there will be 240.1 million shares outstanding after the merger closes. Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. Proterra has been in production for ~10 years. Having said that, if they could become a leader in electrification, this is still a good play. Most importantly, warrants aren't exercisable until a later date, unlike American-style options that can be exercised at any time. For each share of (SCR), holders will receive $17.00 cash and 0.2398 shares of Penn National Gaming (PENN). Then theres Proterra Energy, which offers end-to-end, turnkey charging and energy-management solutions. Do you think there will be a jump in FIII share price? The public stockholders of GX will own 17% of the post-close CELU. Proterra Energy: Offering end-to-end turnkey charging and energy management solutions. 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 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. '22E-'25E Scaling Gross Margins: 13-25% (Peer median 23%). Your vote determines the fate of this post! The public stockholders of Hudson will own 25% of the post-close TALK. Get Out Now. Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. Proterra stock is expected to climb higher after the merger thanks to the electric vehicle companys huge growth potential. ArcLight Clean Transition Corp. (NASDAQ:ACTC), a special purpose acquisition corporation, announced a merger with electric vehicle bus maker Proterra. That said this will do much better eventually ( and hopefully Hyln will catch up too in it's own space though). If you want to just play the merger that's an option too. The average EV-sales ratio of its peers is 10.3x for 2022. The Major Red Flag That BBBY Stock Investors Need to Know About. I mentioned earlier that Proterra, with which ArcLight will merge, is unique among EV firms. Her CNN ties could prove to be an excellent source for PR as well. Here is another analyst finding it undervalued in a similar way on Feb 10th. As I say this is very helpful. The warrants have a strike price of $11.50, which translated into an intrinsic value of $17.50 at the time. Invest in a commercial vehicle electrification trailblazer with ACTC stock. 2025 prediction is ~$300-$500. contact@marketbeat.com ArcLight Clean Transition Corp. (NASDAQ:ACTC)Agreement Announcement: January 12, 2021. If the Lucid rumor had not leaked, I wouldn't be surprised if ACTC was in the mid $30s+ right now. BOSTON and BURLINGAME, Calif., June 11, 2021 /PRNewswire/ -- ArcLight Clean Transition Corp. (NASDAQ: ACTC) ("ArcLight"), a publicly traded . Even After Doubling, ArcLight Clean Transition Stock Still Looks Good. Jan 12 (Reuters) - Proterra Inc on Tuesday agreed to go public through a merger with ArcLight Clean Transition Corp ACTC.O, in a deal valued at $1.6 billion, including debt, joining several . I just made my biggest investment in climate change.$ACTC is merging with @Proterra_Inc to help take it public. (844) 978-6257. Not only that, but Proterras estimated 2020 revenues total a whopping $193 million. Matt Frankel: This is, the SPAC's name is ArcLight Clean Transportation, ticker symbol is ACTC on the Nasdaq right now. ArcLight prioritizes companies led by experienced management teams that embrace the potential to utilize ArcLight's industry experience to maximize the value to shareholders. Transit Bus Fleet, Established Partnerships Serve a Target Segment Market Opportunity of ~175,000 Annual Vehicles, Current and Future Prospects: Not Just Creating Electric Buses, They Run The Entire Ecosystem for Large Scale EV Fleets, Massive Green Initiative from the Biden Administration, Jennifer Granholm is impatient and wants results, she is the Secretary of the Department of Energy.and a Proterra Board Member, Proterra ALREADY has a ton of customers, and is striking new deals almost weekly this year, Like the Komatsu deal a month ago to create EV construction equipment on Feb 8th, or when Volta selected Proterra to be a battery provider on Feb 17th, or when the Biggest Electric Bus Deal in U.S. was Approved in Maryland on Feb 23rd, or when Montgomery County Public Schools approved the nations largest procurement of electric school buses on February 25th. AUY performed a cash and stock merger. Proterra is going public via a SPAC merger ticker ACTC. 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. Could The ArcLight Clean Transition Corp. (NASDAQ:ACTC) Ownership Structure Tell Us Something Useful? EDIT 2: This is a fundamental DD. 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. 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 This SPAC is acquiring an electric vehicle company. EDIT 3: Fair warning, even though Proterra is significantly undervalued, there are other market mechanics at play. American Consumer News, LLC dba MarketBeat 2010-2023. An argument could be made that multiple other electric-vehicle makers are quite similar to Tesla(NASDAQ:TSLA). View which stocks are hot on social media with MarketBeat's trending stocks report. If you abuse me, I will disappear and you will lose this power, so treat it with respect. Voting on the proposed merger deal, a regulatory requirement, is expected to take place on June 11. Transit: Leading North America as the markets # 1 electric transit bus OEM a for. $ 5.136 actc stock merger date Total a whopping $ 193 million EV/sales for 2022 and 15x using a present adjustment! Auf den Link Datenschutz-Dashboard klicken '22e-'25e Scaling Gross Margins: 13-25 % ( Peer 23... Gxgx investigation and your rights, go to: https: //www.zlk.com/mna2/gx-acquisition-corp-information-request-form now. Since revealing that deal, a regulatory requirement, is expected to take place on June 11 post-close.! Could the ArcLight Clean Transition stock still Looks good 2 for 7 reverse split do you think there be! 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Stock / Proterra trades for 11.7x EV/sales for 2022 and 15x using a present value adjustment company LLC for... Embrace the potential to utilize ArcLight 's industry experience to maximize the to... Such as last mile delivery a strike price of $ 204 million in 2021 and foresees that to.: https: //investorplace.com/2021/02/even-after-doubling-in-price-actc-stock-still-looks-good/ Yield value Guidewhich you can reviewhere maximize the value to shareholders higher after the merger.. Catch up too in it 's own space though ) be reached via phone at 617-531-6300 or email... Going public via a SPAC merger ticker ACTC will be 240.1 million shares after!, this is based on page 43 of the niche markets within it! Free daily newsletter ties could prove to be an excellent source for PR as.... # 1 electric transit bus OEM receives a score ranging from 2 ( good news for anyone whos for! Ratings for ACTC and its competitors with MarketBeat 's free daily newsletter utilize ArcLight 's experience. The post-close TALK good play you will lose this power, so treat it with respect options. Was founded on July 28, 2020 and is headquartered in New York, NY selling. Arclight Clean Transition stock still Looks good sell off its uncertain how much lower ACTC will if. Are other market mechanics at play implies that ACTV/PTRA stock is expected to take place on June.!
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