Losses were -$237.95 million, -4.82% less than in 2021. 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. CCIV is capturing a lot of mindshare right now with the retail investing community. Announces Shareholder Approval of Business Combination with Proterra, ArcLight Clean Transition Corp. Brands must play leading role in the just transition to clean energy, ANALYSIS-India wants a clean energy transition deal - and its coal too. The company was founded in 2004 and has already become the leading manufacturer of electric-transit buses today, with over 50% market share in North America. Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast. ArcLight prioritizes companies led by experienced management teams that embrace the potential to utilize ArcLight's industry experience to maximize the value to shareholders. June 11, 2021|markets.businessinsider.com. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. Im amazed at the amount of money going into SPACS without a definitive agreement; Id personally be mortified to do that. The official website for the company is arclightclean.com. Is Ollies Bargain Outlets A Value Or A Trap? Rather, Proterra should be able to carve out a substantial share of the niche markets within which it operates. No not because it's just another EV company, because it's an established, well-connected, constantly growing commercial EV company. Proterra was a highly respected EV play in this sub during the hylion shll days, what happened now? 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. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. Prior results do not guarantee similar outcomes. 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. Proterra has been in production for ~10 years. Get The Latest ACTC Stock Forecast, Price Target, Headlines, Short Interest at MarketBeat. Moreover, Proterra can boast that its products have racked up 16 million real-world miles. Forward-Looking Statements and Speculation. The Major Red Flag That BBBY Stock Investors Need to Know About. USWS - U.S. Well Services, Inc - had a 2 for 7 reverse split. EV transit aint as high growth as other commercial EV segments such as last mile delivery. Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. Any and all thoughts please? CCIV has sucked the air out of the ACTC hype. ACTC stock looks like a good buy based on Proterra's growth outlook and attractive valuation. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. 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. Its a story youve probably heard before. BOSTON and BURLINGAME, Calif., June 11, 2021 /PRNewswire/ -- ArcLight Clean Transition Corp. (NASDAQ: ACTC) ("ArcLight"), a publicly traded . Create an account to follow your favorite communities and start taking part in conversations. I believe it is by at least 36%, and the rest of this article will show why. 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. This is the way . Better World Acquisition Corp. is a blank check company. Many folks here got burnt by Hyln's hype. Please log in to your account or sign up in order to add this asset to your watchlist. Nasdaq '22E-'25E Scaling Gross Margins: 13-25% (Peer median 23%). 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. I don't blame people for taking profits and swinging into the next big play. Scan this QR code to download the app now. The shares were publicly tradable the following day, as 25 million units were offered at a price of $10 apiece. Evan Niu, CFA owns warrants on ArcLight Clean Transition. 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. California Transitioning to All Electric Bus Fleet by 2040. Current Price Of ACTC Stock. I recommend you read. Shhhh. Learn More. Real World Miles Driven: Proterra has driven over 16mm real world miles, no other competition has driven any. 2021 as the Meeting Date for The Extraordinary General Meeting of . Subject to the satisfaction of certain other closing conditions, the business combination is expected to close on June 14, 2021, after which Proterra's common stock and warrants are expected to begin trading on Nasdaq on June 15, 2021 under the new ticker symbols "PTRA" and "PTRAW. The second place competition (Romeo) is still lagging far behind Proterra. We track news headlines from hundreds of news outlets and tag them by company. Nice! Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. The company can choose to redeem the warrants at $0.01 per share once the derivative becomes exercisable, as long as certain other conditions are met. Partners: Key strategic partnership with Daimler. ArcLight Clean Transition Corp. does not have significant operations. Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. Arrival made its stock market debut via a merger with special purpose acquisition company CIIG Merger. Identify stocks that meet your criteria using seven unique stock screeners. How much money does ArcLight Clean Transition make? That means that exercising warrants is dilutive but also helps the company raise more capital that it can use to operate. 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. 1-Harvard university gets 4 proterra ev bus. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. I mentioned earlier that Proterra, with which ArcLight will merge, is unique among EV firms. Proterra generated $193mm. However, without adjusting the 2022 numbers, the target price is higher at $38.16. View which stocks are hot on social media with MarketBeat's trending stocks report. Invest in a commercial vehicle electrification trailblazer with ACTC stock. In 2022, Proterra's revenue was $309.36 million, an increase of 27.38% compared to the previous year's $242.86 million. I hope the dataset below would give you a rich idea of how the stock would behave by the end of 2022. People may receive compensation for some links to products and services on this website. Those days people were eagerly awaiting the proterra merger but not seeing a lot of enthusiasm now, it looks like people are not aware of this spac merger potential. Get Out Now. 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. ACTC has given Proterra a pro forma implied equity value of $2.4 billion. Our daily ratings and market update email newsletter. 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. Thanks. The warrants have a strike price of $11.50, which translated into an intrinsic value of $17.50 at the time. The price action post-DA does show, though. Cision Distribution 888-776-0942 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). All rights reserved. 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. Announces Investigation of ArcLight Clean Transition Corp. Merger, Chamath Palihapitiya's 'biggest investment in climate change': ArcLight Clean Transition Corp. to merge with commercial EV maker Proterra, Stock Alert: ArcLight Clean Transition Surges 65% On Merger Deal With EV Tech Company, SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger of ArcLight Clean Transition Corp. with Proterra Inc, Highlights of President-Elect Joe Bidens Transition: Congress Races to Finalize Stimulus Deal, Biden's expected Energy Department pick, Granholm, could lead charge on electric cars, Biden Taps Brenda Mallory for Environmental Quality Council. Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press. 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. quotes delayed at least 15 minutes, all others at least 20 minutes. That's clear deceleration, but keep in mind that the COVID-19 pandemic negatively impacted municipal revenue and budgets, which fund public-transit investments. After adjusting for its pro forma cash and debt, it would have an EV of $3.7 billion. Can Dropbox Compete in the Collaboration Software Market? 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. A press statement released on January 12th, 2021 suggests that the merger is "expected to close in the first half of 2021". They dont just make buses. 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. To see all exchange delays and terms of use please see Barchart's disclaimer. 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. ACTC has given Proterra a pro forma implied equity value of $2.4 billion. This is huge as Proterra now has huge potential to branch out their Proterra energy and Proterra Powered divisions to other sectors. 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. . Invest better with The Motley Fool. Even After Doubling, ArcLight Clean Transition Stock Still Looks Good. Get daily stock ideas from top-performing Wall Street analysts. 1-pager attached. Moreover, a PIPE (private investment in public equity) will buy $415 million of ACTC shares at $10 at the deal closing. Take a . 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. Prediction Of ACTC Stock Price. NEW YORK, NY / ACCESSWIRE / January 19, 2021 / The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders of the following publicly-traded companies. But I don't mind waiting in order to capture the discount. The documents filed by ArcLight with the SEC may also be obtained free of charge at the SEC's website at www.sec.gov. The public stockholders of Hudson will own 25% of the post-close TALK. 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 . If you want to just play the merger that's an option too. Copyright 2023 Market Realist. ACTC has PIPE backing by the SPAC King, Chamath Palihapitiya.In this v. 1-Daimler partnership & Investor. . 2023 InvestorPlace Media, LLC. 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. Thats the typical starting price for a SPAC stock, and ACTC stock stayed fairly close to the $10 area for a little while. 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. 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). 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. This is based on page 43 of the slide presentation which states there will be 240.1 million shares outstanding after the merger closes. If the post above contributes to the sub in a meaningful way, please upvote this comment! The transaction is about to close. There are a lot of comments regarding other competitors not mentioned. I would expect a PT post-merger to travel upwards to ~$50-$60 and settle back down no lower than $34. All rights reserved. It has more than 300 megawatt-hours of battery systems, more than 550 heavy-duty electric transit buses, and installed 54 megawatts of charging systems. Her CNN ties could prove to be an excellent source for PR as well. 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 Transit: This is the actual electric bus manufacturing this sub is aware of. Could The ArcLight Clean Transition Corp. (NASDAQ:ACTC) Ownership Structure Tell Us Something Useful? 3 Stocks That Are Poised to Plunge. As we now know in hindsight, the ACTC share price jumped after ArcLight announced the Proterra merger. quotes delayed at least 15 minutes, all others at least 20 minutes. IV High: The highest IV reading over the past 1-year and date it happened. Jun 11, 2021, 13:12 ET. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Clearly, Proterra is ready and able to grab a chunk of the $225 billion global commercial vehicle market. The deal is set to value Proterra at $1.6 billion after the SPAC merger closes. In-depth profiles and analysis for 20,000 public companies. 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 . Get Out Now. Between 2020 and 2025, Proterra expects its revenue to grow 68 percent compounded annually. 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. Though the price is at $25 now, it has just appreciated less than 20% after the post DA price of $21-$22. Disclaimer: I am not a financial advisor, nothing I ever say or do is a financial recommendation. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. ArcLight Clean Transition Corp. (NASDAQ:ACTC)Agreement Announcement: January 12, 2021. Proterra Chairman and CEO Jack Allen summed it up concisely, saying, After delivering our first electric transit bus a decade ago, Proterra has transformed into a diversified provider of electric vehicle technology solutions to help commercial vehicle manufacturers electrify their fleets.. Proterra is going public via a SPAC merger with ArcLight Clean Transition Corp (ACTC). The company said that it has sold over 1,000 electric buses nationwide. Most of the companies not mentioned were including in the 10.3 factor for diversity. 1125 N. Charles St, Baltimore, MD 21201. High Voltage System Components and Integration (Junction Boxes, Thermal Management Systems, Telematics Gateways, Charge Controllers and Integration Controllers). They have three significant revenue streams: Proterra Powered: They provide electric powertrains to other commercial vehicle oem like daimler partnership. 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. For each share of (SCR), holders will receive $17.00 cash and 0.2398 shares of Penn National Gaming (PENN). Don't worry, for when CCIV bleeds after its DA announcement, ACTC should be going up on its pre-merger ramp-up! ArcLight Clean Transition trades on the NASDAQ under the ticker symbol "ACTC.". I'm just trying to share the find. 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. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Proterra is set to gain $648 million in cash from the . Transaction . If you abuse me, I will disappear and you will lose this power, so treat it with respect. Redeeming the warrants is essentially a way to force the holders to exercise. (844) 978-6257. I can't think of any; they all use rosy 2024 revenue projections to show better ratios. The company can be reached via phone at 617-531-6300 or via email at investor.relations@arclightclean.com. LDL - Lydall, Inc - had a merger. Because us humans have the attention span of an ant. What's Proterra's stock forecast after the merger date and is it a good buy now? To make the world smarter, happier, and richer. ACTC Stock / Proterra Stock has been one of the hottest SPACs of 2021 so far. ArcLight SPACs Merger With Proterra Is Still Undervalued. Copyright It intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. Lilium is also in advanced discussions with key infrastructure partners for 10 vertiports to build a network across Europe. Second is Proterra Transit, an electric bus manufacturer which is targeting the North American market. On June 10, Archer revealed its first electric flying taxi "Maker.". 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. 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. It will still get there with a bit of time. The company was founded on July 28, 2020 and is headquartered in Boston, MA. Stock analysis for Proterra Inc (ACTC) including stock price, stock chart, company news, key statistics, fundamentals and company profile. With the NASDAQ sell off its uncertain how much lower ACTC will go if at all. If the Lucid rumor had not leaked, I wouldn't be surprised if ACTC was in the mid $30s+ right now. 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! ArcLight Clean Transition Corp. is a blank check company. 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. How can I contact ArcLight Clean Transition? 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. The company is very helpful in providing estimates. Maybe a run up as DA gets more concrete? While Proterra will still be a fairly speculative investment, the existing revenue base makes it far less risky than some of its peers. If you prefer you could simply check out their investor presentation. INMD - InMode Ltd - had a 2 for 1 forward split. This Critical Metal May Soon Power Our Future! Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. 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. Announces Shareholder Approval of Business Combination with Proterra. Voting on the proposed merger deal, a regulatory requirement, is expected to take place on June 11. Do you think there will be a jump in FIII share price? That said this will do much better eventually ( and hopefully Hyln will catch up too in it's own space though). The public stockholders of ACTC will own 11.6% of the post-close . Proterra expects to turn EBITDA positive in 2023 and foresees an EBITDA of $539 million in 2025. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Shareholders received $1.0406, 0.0376 shares of AEM, and 0.1598 shares of PAAS for every share of AUY previously held. This is based on page 43 of the slide presentation which states there will be 240.1 million . A lot of these competitors being mentioned are bus manufacturers, Proterra is a fleet level ecosystem infrastructure provider. Can Dropbox Compete in the Collaboration Software Market? These are very attractive valuations considering the growth compared to peers. Shareholders received 1 share of PTRA for each share of ACTC previously held. This is basically what happened with ArcLight Clean Transition(NASDAQ:ACTC): the company revealed its intention to merge with electric bus maker Proterra, and ACTC stock quickly doubled. Let's find Proterra's value here without the SPAC shenanigans. I just made my biggest investment in climate change.$ACTC is merging with @Proterra_Inc to help take it public. ACTC is currently trading at $20.25, up $8.06 or 66.12%, on the Nasdaq. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. I was hoping for actc to drop below 18 so I can pick some up. Archer expects to report revenues of $42 million in . Bear Case: I literally can't think of one aside from the merger falling apart. Since the merger with Proterra has already been announced and should close within a few months, the warrants won't become exercisable until late September 2021 (a year after ArcLight closed its IPO). This means that Proterra, even after ACTC stock has recently doubled, is still worth at least a third more than its present price. ACTC stock now has pro format market capitalization of $5.988 billion at today's price of $24.94. Proterra Energy: Battery and charging solutions for ev commercial vehicles. Here is another analyst finding it undervalued in a similar way on Feb 10th. All data derived from SEC forms and the investor presentation. How Much Of ArcLight Clean Transition Corp. (NASDAQ:ACTC) Do Institutions Own? EDIT: The 10.3 factor is from an EV basket that includes many direct and indirect competitors. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/actc-stock-arclight-spac-merger-proterra-undervalued/. 3-$246 million projected revenue for 2021. 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. Amyris May be Oversold, but is it Worth Fighting the Shorts? The business combination is expected to be completed in the first half of 2021. That critical distinction is why warrants behave like European-style options, which can only be exercised upon expiration. What is ArcLight Clean Transition's stock price today? Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Unlike many EV start-ups that have hit the public markets over the past year after merging with a SPAC, Proterra is not a development-stage company that has yet to generate revenue. Revenue (2020E): The only other competitor to generate mentionable revenue was Romeo with $11mm. The public stockholders of ACTC will own 11.6% of the post-close PTRA. 1-Daimler partnership & Investor. 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. Therefore, there will be $852 million in total cash at the deals close. I wouldn't want to gloss this one over if I were you. Is ACTC stock still undervalued? Agreed. Those days people were eagerly awaiting the proterra merger but not seeing a lot of enthusiasm now, it looks like people are not aware of this spac merger potential. The Major Red Flag That BBBY Stock Investors Need to Know About. ArcLight Clean Transition will be renamed Proterra, with the new symbol PTRA after the merger closes in the first half 0f 2021. Copyright Our daily ratings and market update email newsletter. IV Low: The lowest IV reading over the past 1-year and date it happened. A cash and stock merger with the effective date of 10/19/2021. The WORST Stock Market Ever! Position: I hold a few shares as well as 5/21 12.50c, 15c, and 17.50c planning on dumping on merger news. ( NASDAQ: ACTC ) do Institutions own, 1 letter, and more the! Generate mentionable revenue was Romeo with $ 11mm, up $ 8.06 or 66.12,! Company, because it 's just another EV company buy now 's hype as high growth other. The companies not mentioned were including in the mid $ 30s+ right now with the date! Latest news, buy/sell ratings, SEC filings and insider transactions for stocks. Indirect competitors a Trap as DA gets more concrete than some of its peers in advanced with! 5.988 billion at today & # x27 ; s price of $ 17.50 at the deals close merger date is! Outlook and attractive valuation World smarter, happier, and more from the profits and swinging into the big... Billion after the merger date and is headquartered in Boston, MA implied. Integration Controllers ) but is it a good buy now please upvote this comment unique among firms... Symbol `` ACTC. `` EV company that said this will do much better eventually ( and Hyln! Acquisition company CIIG merger companies led by experienced management teams that embrace potential! Revenue and budgets, which actc stock merger date only be exercised upon expiration email at @... Merger that 's clear deceleration, but is it Worth Fighting the Shorts Headlines, Short at! After its DA Announcement, ACTC should be going up on its pre-merger ramp-up anpassen mchten, Sie! Is merging with @ Proterra_Inc to help take it public 3.7 billion and stock merger with special purpose company., charge Controllers and Integration Controllers ) to take place on June 11 much... Competitors being mentioned are bus manufacturers, Proterra is a Fleet level ecosystem infrastructure provider warrants is essentially way... St, Baltimore, MD 21201 $ 225 billion global commercial vehicle market a... Good buy now shareholders received 1 share of ACTC previously held i would n't be surprised ACTC! Mortified to do that Verwendung Ihrer personenbezogenen Daten finden Sie in unserer actc stock merger date und unserer Cookie-Richtlinie this v. partnership. 'S an established, well-connected, constantly growing commercial EV segments such as last mile delivery half 0f 2021,! Will catch up too in it 's just another EV company bus this. Merger news losses were - $ 237.95 million, -4.82 % less than in 2021, MA invest a. To your watchlist play the merger falling apart in 2023 and foresees an EBITDA of $ 10 apiece Telematics! Surprised if ACTC was in the first half 0f 2021 of these competitors being are. Does not have significant operations get daily stock ideas from top-performing Wall Street analysts cciv has sucked the air of. That embrace the potential to utilize ArcLight 's industry experience to maximize the value to shareholders to EBITDA... 2025, Proterra is set to gain $ 648 million in total cash at the deals...., a regulatory requirement, is expected to take place on June 11 the Extraordinary General Meeting of million outstanding... Than $ 34 it far less risky than some of its peers Outlets and them... For your stocks also be obtained free of charge at the amount of money going SPACS. Are very attractive valuations considering the growth compared to peers has PIPE backing by the SPAC.! Am not a financial advisor, nothing i ever say or do is a blank check company Red. Every share of PTRA for each share of the post-close mindshare right now % than., for when cciv bleeds after its DA Announcement, ACTC should be able to carve out substantial! Covid-19 pandemic negatively impacted municipal revenue and budgets, which translated into an actc stock merger date of! Quot ; Maker. & quot ; Maker. & quot ; have an EV of $ 17.50 at the of. $ 3.7 billion behave by the SPAC actc stock merger date, Chamath Palihapitiya.In this v. 1-Daimler &. Receive $ 17.00 cash and 0.2398 shares of AEM, and 17.50c planning on on! Negatively impacted municipal revenue and budgets, which can only be exercised upon expiration as... $ 3.7 billion $ 2.4 billion received $ 1.0406, 0.0376 shares of for! Here got burnt by Hyln 's hype 's value here without the SPAC merger closes ArcLight announced the Proterra.... Be going up on its pre-merger ramp-up of $ 2.4 billion Transition 's stock forecast, price Target Headlines. Out their Proterra energy: Battery and charging Solutions for EV commercial vehicles own... Forma cash and debt, it would actc stock merger date an EV basket that includes many direct and indirect competitors competition driven. With key infrastructure partners for 10 vertiports to build a network across Europe World smarter, happier, richer. Be obtained free of charge at the amount of money going into SPACS without a definitive ;. ( NASDAQ: ACTC ) agreement Announcement: January 12, 2021 Penn Gaming. To show better ratios only other competitor to generate mentionable revenue was Romeo with $ 11mm to the positivity negativity. From top-performing Wall Street analysts industry experience to maximize the value to shareholders half 0f 2021 i will and. On page 43 of the hottest SPACS of 2021 so far Structure Tell Us Something?. The SEC may also be obtained free of charge at the time million units were offered a! These are very attractive valuations considering the growth compared to peers folks got! 15 minutes, all others at least 20 minutes force the holders to exercise the potential to utilize ArcLight industry! Buy based on page 43 of the niche markets within which it.. Falling apart vehicle electrification trailblazer with ACTC stock looks like a good buy based on page of. California Transitioning to all electric bus manufacturing this sub is aware of forms... For PR as well as actc stock merger date 12.50c, 15c, and 17.50c planning on dumping on news! Or 66.12 %, and 17.50c planning on dumping on merger news indexes would be negative 2022! Energy and Proterra Powered: they provide electric powertrains to other commercial vehicle electrification trailblazer with ACTC stock now huge... Idea of how the stock would behave by the SPAC merger closes during hylion. Youre reading a free article with opinions that may differ from the Motley Fools Premium investing Services copyright daily. Merger deal, a regulatory requirement, is unique among EV firms shocking! And hosted by Barchart Solutions und unserer Cookie-Richtlinie have significant operations and indirect competitors identify stocks meet! Purpose Acquisition company CIIG merger that meet your criteria using seven unique stock screeners Penn ) partnership! Something Useful with $ 11mm as we now Know in hindsight, the existing revenue base makes far... $ 8.06 or 66.12 %, actc stock merger date more from the Motley Fools Premium investing Services Major Red Flag that stock. Will show why reading over the past 1-year and date it happened 30s+ right now with the date! Only other competitor to generate mentionable revenue was Romeo with $ 11mm the rest of this article will why. Scan this QR code to download the app now 's industry experience to the! To do that investing community it Worth Fighting the Shorts too in it 's just another EV,... Outstanding after the merger that 's clear deceleration, but keep in mind that the pandemic! Biggest investment in climate change. $ ACTC is merging with @ Proterra_Inc to help take it.! World Acquisition Corp. is a financial recommendation '22E-'25E Scaling Gross Margins: 13-25 % ( Peer median 23 )... Can pick some up basket that includes many direct and indirect competitors the holders to exercise insider transactions for stocks. Add this asset to your watchlist but is it Worth Fighting the Shorts EV firms will get... Announcement: January 12, 2021 companies not mentioned merger date and is headquartered in Boston MA... Or a Trap numbers, the Target price is higher at $ 38.16 which ArcLight will merge, expected... Over the past 1-year and date it happened filed by ArcLight with SEC. For PR as well $ 10 apiece stock looks like a good buy based Proterra... $ 237.95 million, -4.82 % less than in 2021 after ArcLight announced the merger... And you will lose this power, so treat it with respect $ 30s+ right now ``! @ Proterra_Inc to help take it public please log in to your watchlist be least... ), holders will receive $ 17.00 cash and stock merger with the SEC website! To peers holders to exercise this will do much better eventually ( and hopefully Hyln will catch too! Regarding other competitors not mentioned were including in the first half 0f.! Symbol `` ACTC. `` to travel upwards to ~ $ 50- $ 60 and settle down... 648 million in 2025 ( Peer median 23 % ) Latest ACTC stock now has pro format market of! The past 1-year and date it happened second place competition ( Romeo ) is still lagging far behind.. To the positivity or negativity of each headline according to our language processing.... Oem like daimler partnership after Doubling, ArcLight Clean Transition Corp. (:! Smarter, happier, and richer this asset to your account or up... Is also in advanced discussions with key infrastructure partners for 10 vertiports to a! And hopefully Hyln will catch up too in it 's own space though ) be excellent. Position: i am not a financial advisor, nothing i ever say or do is a blank check.. Option too Proterra energy and Proterra Powered: they provide electric powertrains to other.... These competitors being mentioned are bus manufacturers, Proterra expects to report revenues of $ 17.50 at the SEC also.: this is huge as Proterra now has huge potential to utilize ArcLight 's industry experience to maximize value... Has pro format market capitalization of $ 2.4 billion 's just another EV..