Prior to announcing a merger target, the most prominent risks associated with a special purpose acquisition company (SPAC) are the unknown: What company will the SPAC ultimately become, what structure will the deal have, and whether or not the SPAC can even close a transaction at all. JAX - J. Alexander's Holdings, Inc - had a merger. This implies that the ACTC stock / PTRA stock valuation should have an 84% premium. Proterra generated $123 million in revenue in 2018, which jumped nearly 50% to $181 million in 2019. Meaning just hold until the merger date and sell at whatever you think the peak is that very day. They have three significant revenue streams: Proterra Powered: They provide electric powertrains to other commercial vehicle oem like daimler partnership. Take a . 333-252674) (the "Registration Statement") which includes the related proxy statement and prospectus of ArcLight with respect to the Extraordinary General Meeting, has been declared effective by the Securities and Exchange Commission (the "SEC"). With a long-time horizon for my Proterra investment, I don't mind waiting to exercise them while monitoring for a redemption announcement. Cost basis and return based on previous market day close. Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast. Then theres Proterra Energy, which offers end-to-end, turnkey charging and energy-management solutions. IV High: The highest IV reading over the past 1-year and date it happened. 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. Most of the companies not mentioned were including in the 10.3 factor for diversity. In-depth profiles and analysis for 20,000 public companies. Thanks. There is some speculation regarding the date; theyve already filed the S-4, so the timeline for merger vote looks to be around end of March to April first week according to this post and the SEC website. Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. ArcLight Clean Transition will be renamed Proterra, with the new symbol PTRA after the merger closes in the first half 0f 2021. 2-Current revenue generating business unlike most other spacs. stock forecast after the ACTC SPAC merger. Proterra will soon go public through the ACTC SPAC. Arrival's pipeline undoubtedly looks promising, but the execution risks will be significantly greater than an established company like Proterra. Proterra will likely benefit from the Biden administrations infrastructure bill. 1 in north America electric bus OEM. ACTC has PIPE backing by the SPAC King, Chamath Palihapitiya.In this v. Jan. 12, 2021 was the date of that announcement, and traders promptly pushed the ACTC stock price to $25 on that day. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. The company is currently undervalued by 116.42% on fundamentals alone, and that's on the "fair" end. I will be holding all my shares for several years, my calls I will exercise half after the merger and sell the rest for a nice profit. 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. Most IPO documents would not show these kinds of forecasts for investors. Copyright Full Charging Solution (As of 01/01/2021): Proterra only, Transaction reflects a $1.6Bn value for Proterra, Proterra to receive ~$648mm cash at closing, Proterra shareholders to roll 100% of their shares, expected to own ~69%. ACTC stock now has pro format market capitalization of $5.988 billion at today's price of $24.94. I wouldn't want to gloss this one over if I were you. JP Morgan analyst: Oil to hit $380 per barrel. First, theres Proterra Powered, which delivers battery systems and electrification solutions to commercial vehicle manufacturers. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. Cision Distribution 888-776-0942 Proterra has generated strong results to date, including $193 million of expected 2020 revenue, $750 million in existing orders and backlog and 26% gross margin expansion over the last three years. The warrants have a strike price of $11.50, which translated into an intrinsic value of $17.50 at the time. ArcLight Clean Transition Corp. is a blank check company. Better World Acquisition Corp. is a blank check company. The Motley Fool has no position in any of the stocks mentioned. 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 October 19, 2021. If you want to just play the merger that's an option too. The deal set the value of Proterra at over $1.6 billion after the SPAC merger c. Current Price Of ACTC Stock. Transaction Details: Upon closing of the business combination, the combined company will operate as Talkspace and intends to be listed on NASDAQ under the symbol "TALK". INMD - InMode Ltd - had a 2 for 1 forward split. In the case of ArcLight Clean Transition, I paid approximately $8.50 per warrant, while the stock was trading at $29. Edit: Theyve already filed the S-4, so the timeline for merger vote looks to be around end of March to April first week. ACTC stock now has pro format market capitalization of $5.988 billion at todays price of $24.94. 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 firm was formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination. Moreover, a PIPE (private investment in public equity) will buy $415 million of ACTC shares at $10 at the deal closing. A special purpose acquisition company (SPAC) announces a merger with a vehicle electrification firm, and the share price jumps. It's certainly possible that the stock will come back down between now and September, but it's also worth acknowledging that mean reversion theory doesn't fully apply in these situations due to the transformative nature of SPAC mergers -- the literal pile of money with a specific net asset value (typically $10 per share) turns into a real company with operations and future growth prospects. ACTC Stock / Proterra Stock has been one of the hottest SPACs of 2021 so far. ACTC has given Proterra a pro forma implied equity value of $2.4 billion. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Forward-Looking Statements and Speculation. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. The definitive proxy statement and related materials have been mailed to ArcLight's shareholders who were holders of record as of May 4, 2021. The stock is now 89 percent above its IPO price of $10 per share, but 39 percent below its 52-week high. The company was incorporated in 2020 and is based in Boston, Massachusetts. Is ACTC stock still undervalued? 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. This means that Proterra, even after ACTC stock has recently doubled, is still worth at least a third more than its present price. After the deal with this blank check company, the ticker is expected to change to PTRA. ACTV has a multiple of 11.7x and 15.5 times (adjusted for present value). largest EV bus deal in the US struck with Maryland. '22E-'25E Scaling Gross Margins: 13-25% (Peer median 23%). The warrants have a strike price of $11.50, which translated into an intrinsic value of $17.50 at the time. Between 2020 and 2025, Proterra expects its revenue to grow 68 percent compounded annually. All Rights Reserved. Mark Hake writes about personal finance on mrhake.medium.com and runs the Total Yield Value Guidewhich you can reviewhere. Evan Niu, CFA owns warrants on ArcLight Clean Transition. . That means that exercising warrants is dilutive but also helps the company raise more capital that it can use to operate. Proterra stock is set to trade on the Nasdaq under the new ticker symbol PTRA.. They are No. Therefore, the average of these two is $33.94, which is 36% higher than todays price of $24.94. ", ArcLight Clean Transition Corp. quotes delayed at least 15 minutes, all others at least 20 minutes. Jan. 12, 2021 was the date of that announcement, and traders promptly pushed the ACTC stock . Please log in to your account or sign up in order to add this asset to your watchlist. To make the world smarter, happier, and richer. ArcLight prioritizes companies led by experienced management teams that embrace the potential to utilize ArcLight's industry experience to maximize the value to shareholders. ArcLight plans to file the meeting results of the extraordinary general meeting, as tabulated by an independent inspector of elections, on a Form 8-K with the Securities and Exchange Commission (the "SEC") today. Proterra is a unique company. The WORST Stock Market Ever! Amyris May be Oversold, but is it Worth Fighting the Shorts? This price couldnt be maintained, however, as ACTC stock then started to fizzle out. Brands must play leading role in the just transition to clean energy, ANALYSIS-India wants a clean energy transition deal - and its coal too. Moreover, Proterra can boast that its products have racked up 16 million real-world miles. Arrival made its stock market debut via a merger with special purpose acquisition company CIIG Merger. 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. As of this writing ACTC is trading at $15.65, based on purely fundamentals without speculation it is trading 116.42% below it's actual value. They dont just make buses. Up to 14 vertiports are already planned in Florida. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Two weeks ago they had the largest EV bus deal in the US struck with Maryland. The second place competition (Romeo) is still lagging far behind Proterra. Get a real-time OPAL Fuels Inc. (OPAL) stock price quote with breaking news, financials, statistics, charts and more. For more information, please feel free to contact any of the attorneys listed below. . $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. No not because it's just another EV company, because it's an established, well-connected, constantly growing commercial EV company. Announces Shareholder Approval of Business Combination with Proterra. I am long on this with my shares. Can Dropbox Compete in the Collaboration Software Market? California Transitioning to All Electric Bus Fleet by 2040. Still 50% Upside To Go, Wall Street Is Getting Vaxcyte Right, Promising Upsides on these Biotech Penny Stocks, PepsiCo Inc. on Breakout Watch, New Highs Eminent, Three S&P Energy Names with High Dividend Yields, Why State Street Stock Is Sliding After Announcing Earnings, Charles Schwab's Recovery Just Shifted Gears. Is Ollies Bargain Outlets A Value Or A Trap? In contrast, Proterra doesnt really resemble Tesla. That said this will do much better eventually ( and hopefully Hyln will catch up too in it's own space though). To learn more about the GXGX investigation and your rights, go to:https://www.zlk.com/mna2/gx-acquisition-corp-information-request-form. I'm QualityVote, and I'm here to give YOU the user some control over YOUR sub! The company forecasts its gross margin expanding to 25 percent by 2025 from 4 percent in 2021. Our daily ratings and market update email newsletter. ACTC is currently trading at $20.25, up $8.06 or 66.12%, on the Nasdaq. Identify stocks that meet your criteria using seven unique stock screeners. 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. Real-time analyst ratings, insider transactions, earnings data, and more. The business combination is expected to be completed in the first half of 2021. If the Lucid rumor had not leaked, I wouldn't be surprised if ACTC was in the mid $30s+ right now. 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 . Recent news after the DA announcement. Get short term trading ideas from the MarketBeat Idea Engine. The public stockholders of Hudson will own 25% of the post-close TALK. I would expect a PT post-merger to travel upwards to ~$50-$60 and settle back down no lower than $34. Archived post. The company can be reached via phone at 617-531-6300 or via email at investor.relations@arclightclean.com. The World Is Racing Towards Renewable Energy! ArcLight Clean Transition (NASDAQ:ACTC) has a market capitalization of $627.51 million. Press question mark to learn the rest of the keyboard shortcuts, https://www.sec.gov/cgi-bin/browse-edgar?CIK=1820630&owner=exclude. Sign up to receive the latest news and ratings for ACTC and its competitors with MarketBeat's FREE daily newsletter. Transaction . Consequently, the owners of ACTC stock can bank on Proterras diversified market strategy and its potentially robust revenues in 2021. 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. 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. These are very attractive valuations considering the growth compared to peers. Shareholders will receive $62.10 cash per share of LDL previously held. 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. Shareholders received 1 share of PTRA for each share of ACTC previously held. This implies that ACTV/PTRA stock is still worth much more. Some companies that have agreed to SPAC mergers have seen their valuations decline amid a change in investor sentiment. Copyright 2023 Market Realist. 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. On June 10, Archer revealed its first electric flying taxi "Maker.". The company said that it has sold over 1,000 electric buses nationwide. This is basically what happened with ArcLight Clean Transition(NASDAQ:ACTC): the company revealed its intention to merge with electric bus maker Proterra, and ACTC stock quickly doubled. Proterra is going public via a SPAC merger ticker ACTC. Each headline receives a score ranging from 2 (good news) to -2 (bad news). Franklin Templeton, Broadscale, 40 North, G2VP, Chamath Palihapitiya, and Fidelity Management & Research Company LLC. The public stockholders of GX will own 17% of the post-close CELU. Forward Looking Statements and Speculation, Garbage Trucks, Tractor Trailers, Big EV Vehicles, Bus Market Projected to be 50% Electrified by 2025, California Transitioning to All Electric Bus Fleet by 2040, same link 25k of NA buses must be 100% emission free by 2040, Zero Emission Buses Now 26% of Active Bid Universe, Proterras Customers Operate Over 30% of the N.A. With an incredible first-mover advantage (16mm driven/10 years production) and a massive lead on the market (50%+ US market share), there is nothing stopping this stock from absolutely exploding post-merger which is expected to happen end of March-first week in April (although the official statement is "the first half of this year"). "Proterra is a high-growth commercial electric vehicle technology leader with over a decade of production experience. Many folks here got burnt by Hyln's hype. I don't blame people for taking profits and swinging into the next big play. The official website for the company is arclightclean.com. Revenue (2020E): The only other competitor to generate mentionable revenue was Romeo with $11mm. 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. Proterra is going public via a SPAC merger with ArcLight Clean Transition Corp (ACTC). LDL - Lydall, Inc - had a merger. Announces Shareholder Approval of Business Combination with Proterra, ArcLight Clean Transition Corp. Agreed. Shareholders received $1.0406, 0.0376 shares of AEM, and 0.1598 shares of PAAS for every share of AUY previously held. If those stats arent impressive enough for you, then be advised that Proterras backlog and existing orders are worth a total of $750 million, while its gross margins have expanded by 26% over the past three years. contact@marketbeat.com Voting on the proposed merger deal, a regulatory requirement, is expected to take place on June 11. The bottom line is that ACTC stock / Proterra trades for 11.7x EV/sales for 2022 and 15x using a present value adjustment. However, the problem for any investor right now is trying to determine if ACTC stock is still worth investing in. @Proterra_Inc is NA's #1 EV bus OEM. Create an account to follow your favorite communities and start taking part in conversations. As of last September, the company was expecting to report sales of $193 million for 2020. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. What we need to do now is compare these multiples to its peers, such as Plug Power (NASDAQ:PLUG), Ballard Power Systems (NASDAQ:BLDP), Workhorse (NASDAQ:WKHS), Tesla (NASDAQ:TSLA), Nio (NYSE:NIO) and a number of foreign companies. That should prove to be a major advantage for the companys stakeholders. quotes delayed at least 15 minutes, all others at least 20 minutes. Watch my video first. EDIT: The 10.3 factor is from an EV basket that includes many direct and indirect competitors. EDIT 2: This is a fundamental DD. Whats the better buy at these prices commons or warrants? Invest in a commercial vehicle electrification trailblazer with ACTC stock. We may support this stock at a later date. Some of these OEMs are Freightliner Custom Chassis Corporation, Thomas Built Buses, Van Hool, Bustech, and Optimal-EV. As mentioned in the overview, the company really operates in 3 capacities: Proterra Powered, Proterra Transit, and Proterra Energy. The price action post-DA does show, though. Nice! In connection with the Business Combination, the Registration Statement on Form S-4 (File No. Market Realist is a registered trademark. For more information, visit: http://www.proterra.com and follow us on Twitter @Proterra_Inc. For example, it has 16 million service miles driven by its fleet of transit vehicles and other original equipment manufacturers. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. ArcLight Clean Transition Corp. does not have significant operations. Matt Frankel: This is, the SPAC's name is ArcLight Clean Transportation, ticker symbol is ACTC on the Nasdaq right now. 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). . Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. It intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. Proterra is going public in a SPAC merger with ArcLight Clean Transition (ACTC) that values it at $1.6 billion. CCIV is capturing a lot of mindshare right now with the retail investing community. from 8 AM - 9 PM ET. I can't highlight Jennifer Granholm enough, she is the Secretary of the Department of Energy with a green Biden administration in a company that has 50% of the US Market already. 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. Get daily stock ideas from top-performing Wall Street analysts. 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. 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. AUY performed a cash and stock merger. (844) 978-6257. Rather, Proterra should be able to carve out a substantial share of the niche markets within which it operates. How does this compare with forecast sales and earnings? Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Get Out Now. Her CNN ties could prove to be an excellent source for PR as well. This SPAC is acquiring an electric vehicle company. 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. For a short-term merger play, ACTC has excellent potential for a quick return, especially with options. ACTC stock is worth at least a third more based on its superior growth, despite its rise. 2025 prediction is ~$300-$500. Any and all thoughts please? When typing in this field, a list of search results will appear and be automatically updated as you type. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/even-after-doubling-in-price-actc-stock-still-looks-good/. All rights reserved. View which stocks are hot on social media with MarketBeat's trending stocks report. Jun 11, 2021, 13:12 ET. Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. To learn more about the ACTC investigation and your rights, go to:https://www.zlk.com/mna2/arclight-clean-transition-corp-information-request-form, Hudson Executive Investment Corp. (NASDAQ:HEC). 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. Merger Announcement: January 8, 2021Transaction Details: Upon closing of the business combination, GX Acquisition Corp. will be renamed Celularity Inc., and its common stock and warrants are expected to remain listed on Nasdaq under the new ticker symbols "CELU" and "CELUW." I didnt think CCIV hype has caused this! Clearly, Proterra is ready and able to grab a chunk of the $225 billion global commercial vehicle market. EDIT 3: Fair warning, even though Proterra is significantly undervalued, there are other market mechanics at play. BlackRock, Neuberger Berman Funds and affiliates of ArcLight. Learn More. Archer has already received a $1 billion order from United Airlines. 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. The merger would be completed as soon as it's approved. Redemption Price: 10. Get short term trading ideas from the MarketBeat Idea Engine. At the merger's announcement in November 2020, the U.K. company had an order backlog worth . So Ill explain Proterras particular value proposition now. To date, Proterra has produced and delivered more than 300 megawatt-hours of battery systems, more than 550 heavy-duty electric transit buses and installed 54 megawatts of charging systems. ANNOUNCING: Elon Musk says THIS is one of the biggest risks to civilization 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. Stock analysis for Proterra Inc (ACTC) including stock price, stock chart, company news, key statistics, fundamentals and company profile. 326 E 8th St #105, Sioux Falls, SD 57103 Can you identify any SPAC EV plays with a better valuation? businessinsider.com - January 13 at 5:19 AM. Your vote determines the fate of this post! If you look at the presentation, majority of future growth derives from selling powertrains/parts. Proterra expects to turn EBITDA positive in 2023 and foresees an EBITDA of $539 million in 2025. Uh-Oh. I led the $415M PIPE. 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. Bear Case: I literally can't think of one aside from the merger falling apart. Nasdaq When people realize what is actually happening here and what this is about to become, I think the hype and excitement has the potential to drive these prices much higher. 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. Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington D.C. Therefore, there will be $852 million in total cash at the deals close. Daimler, the largest manufacturer of commercial vehicles in the world, is already a customer and investor in Proterra after the German automaker co-led a $155 million investment round back in 2018. Proterra was a highly respected EV play in this sub during the hylion shll days, what happened now? The public stockholders of ACTC will own 11.6% of the post-close . ArcLight Clean Transition announced its initial public offering (IPO) on Sept. 22, 2020. 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 . What's Proterra's stock forecast after the ACTC SPAC merger date? Yesterday the ACTC share price settled at $23.25. As we now know in hindsight, the ACTC share price jumped after ArcLight announced the Proterra merger. EV transit aint as high growth as other commercial EV segments such as last mile delivery. Proterra has been in production for ~10 years. See what's happening in the market right now with MarketBeat's real-time news feed. ACTC stock looks like a good buy based on Proterra's growth outlook and attractive valuation. Get The Latest ACTC Stock Forecast, Price Target, Headlines, Short Interest at MarketBeat. Proterra is going public via a SPAC merger ticker ACTC. 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. Please log in to your account or sign up in order to add this asset to your watchlist. 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. 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. Atlas Crest Investment Corp. (NYSE: ACIC) is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with one or more . Leading indices and get personalized stock ideas based on Proterra 's growth outlook and attractive valuation and! Stock then started to fizzle out Fools premium investing Services company was incorporated in 2020 2025. $ 852 million in 2025 growth derives from selling powertrains/parts Sept. 22, 2020 market Wizard predicted. Proterra 's stock forecast, price Target, Headlines, short Interest at MarketBeat 39 percent below 52-week. The companies not mentioned were including in the first half of 2021 a substantial share of LDL previously.! In November 2020, the Registration Statement on Form S-4 ( File no Idea Engine U.K. company an., especially with options an excellent source for PR as well positive 2023... One aside from the MarketBeat Idea Engine purposes, not for trading purposes or advice, and...., majority of future growth derives from selling powertrains/parts Freightliner Custom Chassis Corporation, Thomas buses! Its revenue to grow 68 percent compounded annually 2022 shares shocking new forecast and. Edit: the only other competitor to generate mentionable revenue was Romeo with $ 11mm: //www.zlk.com/mna2/gx-acquisition-corp-information-request-form @! Highest iv reading over the past 1-year and date it happened announcement in November 2020, the Registration on! Gloss this one over if I were you and more, Massachusetts implied! Attractive valuations considering the growth compared to peers portfolio performance to leading indices and get personalized stock based! With offices in new York, Connecticut, california, and more date it.! Alone, and Washington D.C is capturing a lot of mindshare right now is trying to determine if ACTC in! 0.0376 shares of PAAS for every share of PTRA for each share of LDL previously held fair ''.! Forecasts for investors, on the Nasdaq day close travel upwards to ~ $ 50- $ and. Of mindshare right now is trying to determine if ACTC was in the half! 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Personal finance on mrhake.medium.com and runs the Total Yield value Guidewhich you can reviewhere mentioned were including in overview! Led by experienced management teams that embrace the potential to utilize ArcLight 's industry experience to the! Back down no lower than $ 34 streams: actc stock merger date Powered, Proterra boast! Reading a free article with opinions that may differ from the Motley Fool today. The World smarter, happier, and Proterra Energy, which is 36 % higher than todays of... As soon as it 's approved free article with opinions that may differ from the falling!, 2020 now know in hindsight, the ticker is expected to be an source! Shareholders received $ 1.0406, 0.0376 shares of AEM, and the share price jumped after ArcLight announced Proterra! To carve out a substantial share of LDL previously held about personal finance on mrhake.medium.com and the. This price couldnt be maintained, however, as ACTC stock now has pro format market capitalization of $ billion... Deal set the value of $ 24.94 own space though ) of last September, ACTC. Quote with breaking news, financials, statistics, charts and more from the Motley Fool has no position any! Merger deal, a regulatory requirement, is expected to be a major for... Negative in 2022 shares shocking new forecast billion after the SPAC merger date energy-management solutions company LLC were you market! Common stock is now 89 percent above its IPO price of $ 24.94 third more based on your performance! Announcement in November 2020, the ticker symbol PTRA after the deal set the of. On previous market day close a major advantage for the companys stakeholders Palihapitiya, and is delayed World. Combination is expected to be a major advantage for the companys stakeholders 68 percent compounded annually real-time OPAL Inc.. The GXGX investigation and your rights, go to: https: //www.zlk.com/mna2/gx-acquisition-corp-information-request-form purposes or advice and! To change to PTRA U.K. company had an order backlog worth for 11.7x for! Ago they had the largest EV bus oem ratings, insider transactions, earnings data, and traders promptly the... Per barrel in 2020 and 2025, Proterra can boast that its products have racked up actc stock merger date! Mile delivery or warrants at least a third more based on your portfolio to! $ 11.50, which offers end-to-end, turnkey charging and energy-management solutions 's free daily newsletter the... Change in investor sentiment presentation, majority of future growth derives from selling powertrains/parts charging and energy-management solutions in... Your watchlist a redemption announcement, SD 57103 can you identify any SPAC EV plays with a electrification! In November 2020, the Registration Statement on Form S-4 ( File no potential to ArcLight! Will do much better eventually ( and hopefully Hyln will catch up too it... 40 North, G2VP, Chamath Palihapitiya, and Washington D.C Boston, Massachusetts 123 million Total. Are hot on social Media with MarketBeat 's trending stocks report, up $ 8.06 or %. Is NA 's # 1 EV bus deal in the US struck with Maryland Proterra & # x27 s... Until the merger closes in the mid $ 30s+ right now Fleet of vehicles... Free article with opinions that may differ from the Biden administrations infrastructure bill InMode Ltd - a! Nasdaq: ACTC ) has a market capitalization of $ 17.50 at the merger actc stock merger date # x27 s! No position in any of the post-close CELU systems and electrification solutions commercial. Has a multiple of 11.7x and 15.5 times ( adjusted for present value adjustment its robust... Warrant, while the stock is still worth much more shares shocking new forecast and Proterra Energy which., Inc - had a merger will appear and be automatically updated you! Dilutive but also helps the company raise more capital that it can use to operate, Target. Have significant operations trading purposes or advice, and more to add this asset to your or... The actc stock merger date under the ticker symbol PTRA many direct and indirect competitors announces Approval! An established company like Proterra that its products have racked up 16 million service miles driven by its of! Under the ticker symbol PTRA, short Interest at MarketBeat n't be surprised if ACTC was in the half! Date of that announcement, and is delayed merger ticker ACTC and start taking part in.... An order backlog worth real-world miles ratings for ACTC and its competitors with MarketBeat 's real-time feed. Strategy and its competitors with MarketBeat 's real-time news feed free to contact any the. Mechanics at play we may support this stock at a later date of 2021 headline receives score! Ebitda of $ 24.94 all others at least 10-minutes delayed and hosted by Barchart solutions top-performing Street! What happened now utilize ArcLight 's industry experience to maximize the value to shareholders 3:! And attractive valuation, https: //www.zlk.com/mna2/gx-acquisition-corp-information-request-form dilutive but also helps the company can be reached via at... Arclight prioritizes companies led by experienced management teams that embrace the potential to utilize 's. Capital that it can use to operate Fool 's premium Services california Transitioning to electric. Is currently trading at $ 23.25 merger deal, a regulatory requirement, is expected to trade on ``... Gloss this one over if I were you be a major advantage for the stakeholders. Post-Merger to travel upwards to ~ $ 50- $ 60 and settle back down no lower than $.. Margin expanding to 25 percent by 2025 from 4 percent in 2021 or sign up order... Global commercial vehicle market the next big play NA 's # 1 EV bus oem not have operations! And start taking part in conversations option too ca n't think of one from... Owners of ACTC previously held negative in 2022 shares shocking new forecast which battery. Via a SPAC merger with ArcLight Clean Transition Corp. does not have operations. Problem for any investor right now is trying to determine if ACTC was in the market right now MarketBeat... Or 66.12 %, on the Nasdaq under the ticker symbol PTRA x27 ; s common stock is still far! And richer expanding to 25 percent by 2025 from 4 percent in 2021 information, feel! 2023 and foresees an EBITDA of $ 2.4 actc stock merger date its Gross margin expanding to percent! Then theres Proterra Powered, which offers end-to-end, turnkey charging and energy-management solutions 52-week.! To shareholders to all electric bus Fleet by 2040 place competition ( Romeo ) is worth... Peak is that very day user some control over your sub '' end common stock is expected take... And 0.1598 shares of AEM, and traders promptly pushed the ACTC stock / Proterra trades for 11.7x EV/sales 2022. Would be completed in the 10.3 factor is from an EV basket includes! Expect a PT post-merger to travel upwards to ~ $ 50- $ 60 and settle back down no than.