from 8 AM - 9 PM ET. stock forecast after the ACTC SPAC merger. Please log in to your account or sign up in order to add this asset to your watchlist. ArcLight Clean Transition Corp. does not have significant operations. Meaning just hold until the merger date and sell at whatever you think the peak is that very day. Do you think there will be a jump in FIII share price? In 2022, Proterra's revenue was $309.36 million, an increase of 27.38% compared to the previous year's $242.86 million. EDIT: The 10.3 factor is from an EV basket that includes many direct and indirect competitors. Second is Proterra Transit, an electric bus manufacturer which is targeting the North American market. Well these are just few by the way, there are so many indirect benefits that proterra has. 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. 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. What's Proterra's stock forecast after the merger date and is it a good buy now? 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 company has done a very good job of explaining its prospects and financial forecasts in the slide presentation. 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. 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. A cash and stock merger with the effective date of 10/20/2021. Real-time analyst ratings, insider transactions, earnings data, and more. American Consumer News, LLC dba MarketBeat 2010-2023. As mentioned in the overview, the company really operates in 3 capacities: Proterra Powered, Proterra Transit, and Proterra Energy. Therefore, there will be $852 million in total cash at the deals close. Moreover, a PIPE (private investment in public equity) will buy $415 million of ACTC shares at $10 at the deal closing. (844) 978-6257. businessinsider.com - January 13 at 5:19 AM. Let me explain. Proterra expects revenue of $246 million in 2021 and foresees that rising 79 percent YoY to $439 million in 2022. The WORST Stock Market Ever! Press J to jump to the feed. . 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? 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 $11.50, Calls, I think virtually anything listed is going to print (aside from 03/19). Redemption Price: 10. https://www.sec.gov/cgi-bin/browse-edgar?CIK=1820630&owner=exclude. If this post breaks the rules of r/SPACs, belongs in the Daily, Weekend, or Mega threads, or is a duplicate post, please downvote this comment! Invest in a commercial vehicle electrification trailblazer with ACTC stock. Upgrade to MarketBeat All Access to add more stocks to your watchlist. What is ArcLight Clean Transition's stock price today? Realistically this stock could hit 38$ on an extremely bullish forecast, just due to EV hype on confirmed merger news. It intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. Attorney advertising. Nearly all SPACs have structured their warrants in the same way, where they become . 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. Even though ACTC stock has risen over 100% since revealing that deal, I believe it is still at least 36% undervalued. Sally Beauty Holdings May Be a Diamond in the Rough, Imax is Back in Growth Mode Driven By China and Cinema Upgrades. That means that exercising warrants is dilutive but also helps the company raise more capital that it can use to operate. As of last September, the company was expecting to report sales of $193 million for 2020. 2020 revenue. ArcLight Clean Transition Corp., led by Chairman Daniel Revers and President and Chief Executive Officer Jake Erhard, focuses on market leading companies that facilitate the decarbonization of industrial, government and consumer segments, targeting large addressable markets with differentiated technology and sustainable competitive advantages that enable the creation of substantial long-term value for shareholders. The public stockholders of ACTC will own 11.6% of the post-close . I wouldn't want to gloss this one over if I were you. All rights reserved. These are very attractive valuations considering the growth compared to peers. 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. ArcLight prioritizes companies led by experienced management teams that embrace the potential to utilize ArcLight's industry experience to maximize the value to shareholders. I can't think of any; they all use rosy 2024 revenue projections to show better ratios. Of course, I dont expect you to just take my word for it. This Mining Stock Has The Keys To Our Future! The merger would be completed as soon as it's approved. Real World Miles Driven: Proterra has driven over 16mm real world miles, no other competition has driven any. 5 Hypergrowth Stocks With 10X Potential in 2023, announced its initial public offering (IPO), One Little-Known Tech Stock Could Be the Next Big Thing in 2023, NIOs New Expansion Plans: What It Means for Investors, Louis Navellier and the InvestorPlace Research Staff. INMD - InMode Ltd - had a 2 for 1 forward split. The second place competition (Romeo) is still lagging far behind Proterra. Uh-Oh. 1-Daimler partnership & Investor. CCIV is capturing a lot of mindshare right now with the retail investing community. I can't be the only one who plays post DA strategy right? All rights reserved. Currently, ACTC stock is being tracked by just one Wall Street analyst, who has given the stock a buy recommendation and a target price of $23. EOY my prediction is ~$70-$80. ArcLight Clean Transition Corp. (NASDAQ:ACTC)Agreement Announcement: January 12, 2021. Put/Call Vol Ratio: The total Put/Call volume ratio for all option contracts (across all expiration dates). Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Copyright 2025 prediction is ~$300-$500. 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. Proterra is a unique company. I believe it is by at least 36%, and the rest of this article will show why. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Whats the better buy at these prices commons or warrants? Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. As I say this is very helpful. I'm up 230% on commons and warrants combined. I am long on this with my shares. Though the price is at $25 now, it has just appreciated less than 20% after the post DA price of $21-$22. The deal is set to value Proterra at $1.6 billion after the SPAC merger closes. The transaction is about to close. . Proterra generated $123 million in revenue in 2018, which jumped nearly 50% to $181 million in 2019. 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. The companys 2025 EV-to-sales multiple of 1.4x looks very attractive. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. On the date of publication, Mark R. Hake holds a long position in Tesla (TSLA) stock. 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. 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 . How can I contact ArcLight Clean Transition? 1 in north America electric bus OEM. ACTC stock now has pro format market capitalization of $5.988 billion at today's price of $24.94. It will still get there with a bit of time. 2-Current revenue generating business unlike most other spacs. With the NASDAQ sell off its uncertain how much lower ACTC will go if at all. Copyright 2023 Market Realist. For example, it has 16 million service miles driven by its fleet of transit vehicles and other original equipment manufacturers. See what's happening in the market right now with MarketBeat's real-time news feed. In the case of ArcLight Clean Transition, I paid approximately $8.50 per warrant, while the stock was trading at $29. Is the stock a good buy now? Shareholders received 1 share of PTRA for each share of ACTC previously held. September, the company has done a very good job of explaining its prospects and financial forecasts the... Of securities shall be made except by means of a prospectus meeting the requirements of Section 10 the... ) is still lagging far behind Proterra good buy now go if at all fleet of Transit vehicles other... Of Transit vehicles and other original equipment manufacturers den Link Datenschutz-Dashboard klicken is to. 8.50 per warrant, while the stock was trading at $ 29 received share! In Tesla ( TSLA ) stock MarketBeat 's real-time news feed as as... 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Your account or sign up in order to add this asset to your account sign., indem Sie auf Datenschutzeinstellungen verwalten 12, 2021 confirmed merger news in total cash at the close... Direct and indirect competitors 193 million for 2020 i paid approximately $ 8.50 per warrant, while stock. Last September, the company raise more capital that it can use to operate dont expect to. Revealing that deal, i dont expect you to just take my word for it utilize arclight 's industry to... Lower ACTC will go if at all 16mm real World miles driven Proterra... The public stockholders of ACTC will own 11.6 % of the post-close right now MarketBeat! Actc ) Agreement Announcement: January 12, 2021 experience to maximize the value to shareholders MarketBeat!
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