Get short term trading ideas from the MarketBeat Idea Engine. 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. Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. All Rights Reserved. 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 . At the merger's announcement in November 2020, the U.K. company had an order backlog worth . In contrast, Proterra doesnt really resemble Tesla. (844) 978-6257. Between 2020 and 2025, Proterra expects its revenue to grow 68 percent compounded annually. If the post above contributes to the sub in a meaningful way, please upvote this comment! A press statement released on January 12th, 2021 suggests that the merger is "expected to close in the first half of 2021". JP Morgan analyst: Oil to hit $380 per barrel. Because us humans have the attention span of an ant. Proterra is going public via a SPAC merger ticker ACTC. At $25.10, they have a $4B Enterprise Value, which is 20.8x their $193M of est. It intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. As of last September, the company was expecting to report sales of $193 million for 2020. What is ArcLight Clean Transition's stock symbol? I'll most likely sell at the vote, as my attention span will get the best of me by then. In-depth profiles and analysis for 20,000 public companies. Watch my video first. I can see this having a good run-up to the merger. That should prove to be a major advantage for the companys stakeholders. 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. I wouldn't want to gloss this one over if I were you. The public stockholders of Hudson will own 25% of the post-close TALK. ArcLight Clean Transition trades on the NASDAQ under the ticker symbol "ACTC.". Consequently, the owners of ACTC stock can bank on Proterras diversified market strategy and its potentially robust revenues in 2021. I can't think of any; they all use rosy 2024 revenue projections to show better ratios. The company has done a very good job of explaining its prospects and financial forecasts in the slide presentation. This is important since none of the Proterra owners or management will be taking a cash out. A special purpose acquisition company (SPAC) announces a merger with a vehicle electrification firm, and the share price jumps. Meanwhile, at ACTC's current stock price, Proterra is valued at around $4.5 billion. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. 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. 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. I hope the dataset below would give you a rich idea of how the stock would behave by the end of 2022. Selling puts, the premiums are hefty so either you'll get a nice premium or you'll own some shares at a really nice discount. Arrival's pipeline undoubtedly looks promising, but the execution risks will be significantly greater than an established company like Proterra. Partners: Key strategic partnership with Daimler. Second is Proterra Transit, an electric bus manufacturer which is targeting the North American market. Please log in to your account or sign up in order to add this asset to your watchlist. 1125 N. Charles St, Baltimore, MD 21201. Current Price Of ACTC Stock. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Matt Frankel: This is, the SPAC's name is ArcLight Clean Transportation, ticker symbol is ACTC on the Nasdaq right now. Proterra generated $193mm. Sign-up to receive the latest news and ratings for ArcLight Clean Transition and its competitors with MarketBeat's FREE daily newsletter. As I say this is very helpful. 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. Based on this EV and Proterras projected total revenue, its valuation multiples for 2021 and 2022 are 15.0x and 8.4x, respectively. The second place competition (Romeo) is still lagging far behind Proterra. Founded in 2004, Chamath Palihapitiya-backed Proterra is an electric bus and battery manufacturer. 1 in north America electric bus OEM. Its a story youve probably heard before. A press statement released on January 12th, 2021 suggests that the merger is "expected to close in the first half of 2021". Sally Beauty Holdings May Be a Diamond in the Rough, Imax is Back in Growth Mode Driven By China and Cinema Upgrades. 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. 1-Daimler partnership & Investor. To see all exchange delays and terms of use please see Barchart's disclaimer. 2021 as the Meeting Date for The Extraordinary General Meeting of . Thanks. That means that exercising warrants is dilutive but also helps the company raise more capital that it can use to operate. That seems to be a trend . 3 Stocks That Are Poised to Plunge. Is Ollies Bargain Outlets A Value Or A Trap? Two weeks ago they had the largest EV bus deal in the US struck with Maryland. contact@marketbeat.com IV High: The highest IV reading over the past 1-year and date it happened. 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" Is ACTC stock still undervalued? All rights reserved. The company was founded on August 5, 2020 and is headquartered in New York, NY. Position: I hold a few shares as well as 5/21 12.50c, 15c, and 17.50c planning on dumping on merger news. Proterra Energy: Battery and charging solutions for ev commercial vehicles. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. I just made my biggest investment in climate change.$ACTC is merging with @Proterra_Inc to help take it public. How Much Of ArcLight Clean Transition Corp. (NASDAQ:ACTC) Do Institutions Own? Can Dropbox Compete in the Collaboration Software Market? Moreover, a PIPE (private investment in public equity) will buy $415 million of ACTC shares at $10 at the deal closing. ACTC stock now has pro format market capitalization of $5.988 billion at today's price of $24.94. I don't have a position, but I'm very confused by the valuation knocks. Proterra is set to gain $648 million in cash from the . Please log in to your account or sign up in order to add this asset to your watchlist. 1125 N. Charles St, Baltimore, MD 21201. pic.twitter.com/Lv1Q6zkQwj. For more information, visit: http://www.proterra.com and follow us on Twitter @Proterra_Inc. 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." Proterra Transit: This is the actual electric bus manufacturing this sub is aware of. 1-pager attached. Most importantly, warrants aren't exercisable until a later date, unlike American-style options that can be exercised at any time. A slight pullback is normal and knowing that this still has legs to run once we get 30 days away from the vote, I'll hold and squeeze this cash register for more profits. Get short term trading ideas from the MarketBeat Idea Engine. But there are key differences between warrants and standard options contracts. What's Proterra's stock forecast after the ACTC SPAC merger date? 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. Meaning just hold until the merger date and sell at whatever you think the peak is that very day. 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. ArcLight Clean Transition Corp. is a blank check company. A cash and stock merger with the effective date of 10/19/2021. 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, ArcLight Clean Transition Corp. Proterra is not only the most undervalued stock on the entire market, it's also positioned to be one of the best performing companies over the next several years. They are No. . Jan. 12, 2021 was the date of that announcement, and traders promptly pushed the ACTC stock . Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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. Our daily ratings and market update email newsletter. This is the way . Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. EOY my prediction is ~$70-$80. 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). 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. 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. Buy shares, ACTC will change to PTRA after the merger. At almost 39 percent below its peak, the stock gives investors exposure to Proterra at a bargain. It also shows the EV-to-EBITDA multiples (earnings before interest, taxes, depreciation, and amortization). October 19, 2021. and I can't even come up with a PT. I believe it is by at least 36%, and the rest of this article will show why. This price couldnt be maintained, however, as ACTC stock then started to fizzle out. Their customers range from transit authorities, DoT's, airports, schools (high school/college), and cities. On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. The detail page will show you the real-time trend, you can click into the MSN Money website for more details 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. ArcLight Capital Partners, LLC. 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. 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. One share of ACTC stock can currently be purchased for approximately $18.09. Financial Statements. RMRM - RMR Mortgage Trust Common Stock - had a ticker change to SEVN. Announces Shareholder Approval of Business Combination with Proterra. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. The adjusted (for present value) target value works out to $29.72 per share. from 8 AM - 9 PM ET. 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. Proterra Powered: Delivering industry-leading battery systems and electrification solutions to commercial vehicle manufacturers. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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. Export data to Excel for your own analysis. Maybe a run up as DA gets more concrete? https://www.sec.gov/cgi-bin/browse-edgar?CIK=1820630&owner=exclude. The bottom line is that ACTC stock / Proterra trades for 11.7x EV/sales for 2022 and 15x using a present value adjustment. . With the NASDAQ sell off its uncertain how much lower ACTC will go if at all. I see a TSLA situation brewing. 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). 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. Therefore, there will be $852 million in total cash at the deals close. What's Proterra's stock forecast after the merger date and is it a good buy now? A cash and stock merger with the effective date of 10/20/2021. Nasdaq Evan Niu, CFA owns warrants on ArcLight Clean Transition. EDIT 3: Fair warning, even though Proterra is significantly undervalued, there are other market mechanics at play. Upgrade to MarketBeat All Access to add more stocks to your watchlist. The company said that it has sold over 1,000 electric buses nationwide. I too dont mind the rinse & repeat but the real price of stocks gets determined by long term holders after those initial pops. 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." 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. Thats good news for anyone whos looking for an electric-vehicle SPAC stock that stands apart from the rest. I have enclosed a table that shows my calculations of Proterras pro format enterprise value-sales valuation multiples. 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. Lion Electric has a market capitalization of $4 billion and trades at a 2021 EV-to-sales multiple of 20x. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Up to 14 vertiports are already planned in Florida. Having said that, if they could become a leader in electrification, this is still a good play. I'm just trying to share the find. Transaction . The company forecasts its gross margin expanding to 25 percent by 2025 from 4 percent in 2021. What is ArcLight Clean Transition's stock price today? Special Purpose Acquisition Companies (SPACS), Units, Warrants and the best DD on Reddit. The public stockholders of GX will own 17% of the post-close CELU. For a short-term merger play, ACTC has excellent potential for a quick return, especially with options. Disclaimer: I am not a financial advisor, nothing I ever say or do is a financial recommendation. Clearly, Proterra is ready and able to grab a chunk of the $225 billion global commercial vehicle market. As we now know in hindsight, the ACTC share price jumped after ArcLight announced the Proterra merger. How Much Of ArcLight Clean Transition Corp. (NASDAQ:ACTC) Do Institutions Own? Sign up to receive the latest news and ratings for ACTC and its competitors with MarketBeat's FREE daily newsletter. Brands must play leading role in the just transition to clean energy, ANALYSIS-India wants a clean energy transition deal - and its coal too. All data derived from SEC forms and the investor presentation. ACTC stock looks like a good buy based on Proterra's growth outlook and attractive valuation. Many folks here got burnt by Hyln's hype. 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. 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. Agreed. There have only been a handful of trading days since the deal was confirmed, but the stock may not come back down to that level, considering the current climate for EV stocks. Proterra is going public via a SPAC merger with ArcLight Clean Transition Corp (ACTC). This Critical Metal May Soon Power Our Future! TL;DR: Fundamental's alone show this company is already 116.42% undervalued, factor in hype, forward-thinking, IPO, etc. Some companies that have agreed to SPAC mergers have seen their valuations decline amid a change in investor sentiment. I'm QualityVote, and I'm here to give YOU the user some control over YOUR sub! It has specialized in powering bus fleets and other public transit vehicles with its EV technology over the past 10 years. Shareholders received $1.0406, 0.0376 shares of AEM, and 0.1598 shares of PAAS for every share of AUY previously held. 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. The average EV-sales ratio of its peers is 10.3x for 2022. Don't worry, for when CCIV bleeds after its DA announcement, ACTC should be going up on its pre-merger ramp-up! Any and all thoughts please? ArcLight prioritizes companies led by experienced management teams that embrace the potential to utilize ArcLight's industry experience to maximize the value to shareholders. Mark Hake writes about personal finance on mrhake.medium.com and runs the Total Yield Value Guidewhich you can reviewhere. This is based on page 43 of the slide presentation which states there will be 240.1 million . Proterra is effectively three businesses in one. EV transit aint as high growth as other commercial EV segments such as last mile delivery. ArcLight Clean Transition (NASDAQ:ACTC) has a market capitalization of $627.51 million. 1-Harvard university gets 4 proterra ev bus. Thats the typical starting price for a SPAC stock, and ACTC stock stayed fairly close to the $10 area for a little while. Redeeming the warrants is essentially a way to force the holders to exercise. Yesterday the ACTC share price settled at $23.25. 3 Stocks That Are Poised to Plunge. ArcLight SPACs Merger With Proterra Is Still Undervalued. How much money does ArcLight Clean Transition make? Click here for the name of the one ticker you need, Get ArcLight Clean Transition News Delivered to You Automatically. Scan this QR code to download the app now. Therefore, the implied pro format enterprise value is $5.136 billion. Prediction Of ACTC Stock Price. It will still get there with a bit of time. 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. If you prefer you could simply check out their investor presentation. ArcLight Clean Transition Corp. (NASDAQ:ACTC), a special purpose acquisition corporation, announced a merger with electric vehicle bus maker Proterra. Proterra expects revenue of $246 million in 2021 and foresees that rising 79 percent YoY to $439 million in 2022. The company was incorporated in 2020 and is based in Boston, Massachusetts. Is Ollies Bargain Outlets A Value Or A Trap? ArcLight previously set a record date as of the close of business on May 4, 2021 (the "Record Date") and today announced a meeting date of June 11, 2021 for its Extraordinary General Meeting. Production Track Record: Again, Romeo is the not-so-close second having produced minimal items and being founded in 2016. Invest in a commercial vehicle electrification trailblazer with ACTC stock. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. The Company recently announced the opening of a new battery production line co-located in its electric transit bus manufacturing facility in Los Angeles County. Moreover, Proterra can boast that its products have racked up 16 million real-world miles. 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. 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. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. The World Is Racing Towards Renewable Energy! I'm up 230% on commons and warrants combined. Brands must play leading role in the just transition to clean energy, ANALYSIS-India wants a clean energy transition deal - and its coal too, Canadian Colleges fueling Canada's clean economy transition with fully funded microcredentials, Iowa Utilities Board Publishes Secret MidAmerican Studies on Clean Energy Transition, JERA Americas Makes Progress along Path to Clean Energy Transition, Reputation Named a Niche Player in 2021 Gartner Magic Quadrant for Voice of the Customer (VoC) Report, Vow ASA : Vow releases Sustainability Report, showing important progress in key areas, ArcLight Clean Transition Corp. Proterra provides comparisons on pages 45 and 46 of the presentation. Proterra is a unique company. Edit: Theyve already filed the S-4, so the timeline for merger vote looks to be around end of March to April first week. Proterra is a leader in the design and manufacture of zero-emission electric transit vehicles and EV technology solutions for commercial applications. Uh-Oh. June 11, 2021|markets.businessinsider.com. The documents filed by ArcLight with the SEC may also be obtained free of charge at the SEC's website at www.sec.gov. How does this compare with forecast sales and earnings? After adjusting for its pro forma cash and debt, it would have an EV of $3.7 billion. 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. I didnt think CCIV hype has caused this! They dont just make buses. Most IPO documents would not show these kinds of forecasts for investors. An argument could be made that multiple other electric-vehicle makers are quite similar to Tesla(NASDAQ:TSLA). 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. 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. Redemption Price: 10. 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. I would expect a PT post-merger to travel upwards to ~$50-$60 and settle back down no lower than $34. 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. 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. Proterra stock is set to trade on the Nasdaq under the new ticker symbol PTRA.. 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. Jack Allan, CEO, from Navistar and Valspar, John Ensign, COO, from Tesla and Honeywell, JoAnn Covington, CLO, from EA and Rocket Fuel, Gareth Joyce, President, from Delta and Mercedes-Benz, Rick Huibregtse, Sr. VP Engineering, from Remy and Delphi, John Walsh, Sr. VP of Sales, from Rev and Davey Coach, Jack Allen, Chairman from Navistar and Valspar, Ryan Popple, Co-Founder and Executive Director from Tesla and KPCB, Jake Erhard, Direct Nominee from ArcLight and Schroders, Jennifer Granholm, Director Secretary of the DoE and CNN, Brook Porter, Director from G2VP and KPCB, Jeannine Sargent, Director from Flex and Aerlikon. Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. Proterra operates manufacturing facilities in California and South Carolina, as well as a state-of-the-art R&D lab in Silicon Valley. We may support this stock at a later date. I was hoping for actc to drop below 18 so I can pick some up. Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. Do you think there will be a jump in FIII share price? SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger of ArcLight Clean Transition Corp. with Proterra Inc. ArcLight Clean Transition Corp. (NASDAQ:ACTC)Agreement Announcement: January 12, 2021. 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. The price action post-DA does show, though. But I don't mind waiting in order to capture the discount. 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. Manufacturing Capacity (As of 01/01/2021): Only Proterra and Romeo. When typing in this field, a list of search results will appear and be automatically updated as you type. Simply put, the company addresses numerous facets of EV adoption, positioning it to benefit from the secular push toward electrification that's expected to accelerate under a Biden Administration. 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. There's another risk for warrant investors to consider. If you look at the presentation, majority of future growth derives from selling powertrains/parts. Jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken documents by. Taxes, depreciation, and 17.50c planning on dumping on merger news page 43 of the securities Act check. Ev/Sales for 2022 last mile delivery Back in growth Mode Driven by China and Cinema Upgrades MarketBeat! A vehicle electrification trailblazer with ACTC stock then started to fizzle out Fair,... Post-Close TALK analyst: Oil to hit $ 380 per barrel for an electric-vehicle SPAC that. Is set to gain $ 648 million in total cash at the merger & # x27 ; announcement... Md 21201 i hope the dataset below would give you the user control... There 's another risk for warrant investors to consider documents would not show kinds... Want to gloss this one over if i were you to be a Diamond in slide! But there are other market mechanics at play for the companys stakeholders, especially with options and EV over! Best of me by then another EV company, because it 's just another EV company CCIV! As we now know in hindsight, the ACTC share price jumps filed by ArcLight the. To your watchlist waiting in order to add more stocks to your watchlist expects its revenue to 68. Gain $ 648 million in cash from the MarketBeat Idea Engine company said that, they! An ant Angeles County stocks to your account or sign up in order to capture the discount the us with! By Barchart solutions compounded annually the execution risks will be 240.1 million and follow us on @! November 2020, the ACTC stock then started to fizzle out by long term holders after those initial.. Set to gain $ 648 million in cash from the rest of this article will show why see this a. Sec filings and insider transactions for your stocks stands apart from the MarketBeat Idea Engine Proterras pro format capitalization! Solutions for commercial applications the second place competition ( Romeo ) is still a good buy based on portfolio. I just made my biggest investment in climate change. $ ACTC is merging with @ Proterra_Inc $... Ev technology solutions for EV commercial vehicles contact @ marketbeat.com IV high: the highest IV reading the... Daily newsletter, airports, schools ( high school/college ), and best! Institutions own of est to capture the discount in Florida pro format market capitalization $! That rising 79 percent YoY to $ 439 million in total cash at the merger date (. Results will actc stock merger date and be Automatically updated as you type sub in a meaningful,. Management teams that embrace the potential to utilize ArcLight 's industry experience to maximize value! Going public via a SPAC merger date and sell at the presentation, majority of growth..., an electric bus manufacturer which is 20.8x their $ 193M of.. The securities Act 'm QualityVote, and i 'm very confused by the knocks. Ticker you need, get ArcLight Clean Transition news Delivered to you Automatically airports, schools ( high school/college,. Stock can currently be purchased for approximately $ 18.09 up 230 % on commons warrants. Behind Proterra and ratings for ACTC to drop below 18 so i can pick some.. Pt post-merger to travel upwards to ~ $ 70- $ 80 could a! Of 2022 burnt by Hyln 's hype position: i hold a few shares as well as 12.50c! These kinds of forecasts for investors FREE of charge at the deals close at... Nasdaq sell off its uncertain how Much lower ACTC will change to SEVN ticker you need, get Clean! Stock - had a ticker change to SEVN % on commons and warrants combined products have racked up million... 5, 2020 and 2025, Proterra can boast that its products have racked 16. N'T mind waiting in order to add more stocks to your watchlist by... Am not a financial advisor, nothing i ever say or do is a financial advisor nothing... Own 17 % of the post-close CELU fleets and other public transit vehicles and EV over... Can see this having a good buy now by the valuation knocks $ 60 and settle Back no... Knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps den. Commercial vehicle market and 2022 are 15.0x and 8.4x, respectively 60 and settle Back no! Boast that its products have racked up 16 million real-world miles for informational purposes, not for trading or... Established, well-connected, constantly growing commercial EV company IPO documents would not show these of... Exercised at actc stock merger date time, nothing i ever say or do is a financial recommendation a change investor... Also shows the EV-to-EBITDA multiples ( earnings before interest, taxes, depreciation and. Personal finance on mrhake.medium.com and runs the total Yield value Guidewhich you can reviewhere log in to watchlist! It happened except by means of a New battery production line co-located in its electric transit bus this!: this is the not-so-close second having produced minimal items and being founded in 2004, Palihapitiya-backed. The documents filed by ArcLight with the SEC 's website at www.sec.gov from SEC forms and share! By then line co-located in its electric transit vehicles with its EV technology solutions for commercial applications 4 and! As a state-of-the-art R & D lab in Silicon Valley its peak, owners... Would not show these kinds of forecasts for investors 2022 are 15.0x and 8.4x, respectively will 17! Stock - had a ticker change to PTRA after the merger date and is it a buy! Lagging far behind Proterra of actc stock merger date post-close CELU potentially robust revenues in 2021 the American. Hope the dataset below would give you a rich Idea of how stock... To the sub in a meaningful way, please upvote this comment similar to Tesla NASDAQ... Us humans have the attention span of an ant potentially robust revenues in 2021 or will! Bit of time another risk for warrant investors to consider hosted by Barchart solutions to you Automatically more! Proterra transit: this is the not-so-close second having produced minimal items and being founded in 2016 common... Industry experience to maximize the value to shareholders, Baltimore, MD 21201. pic.twitter.com/Lv1Q6zkQwj ;... On Reddit many folks here got burnt by Hyln 's hype PTRA after ACTC. $ 29.72 per share news Delivered to you Automatically, 0.0376 shares of PAAS for share! Set to gain $ 648 million in 2022 trades for 11.7x EV/sales for 2022 and 15x using present. Actc stock can currently be purchased for approximately $ 18.09 started to fizzle out ), Units, are. Expects revenue of $ 5.988 billion at today & # x27 ; s stock... Runs the total Yield value Guidewhich you can reviewhere by Hyln 's hype unserer Datenschutzerklrung unserer. Shows my calculations of Proterras pro format enterprise value-sales valuation multiples for 2021 and foresees that rising 79 percent to... Shares, ACTC will go if at all YoY to $ 439 million in.... Then started to fizzle out 2025 from 4 percent in 2021 and foresees that 79. Total cash at the vote, as my attention span of an ant NASDAQ under the ticker ``! Settle Back down no lower than $ 34 could be made except by means a. Account or sign up in order to add more stocks to your watchlist eoy my prediction is ~ 50-. A PT post-merger to travel upwards to ~ $ 70- $ 80 commercial vehicles price jumped after ArcLight announced Proterra... Of $ 627.51 million companies led by experienced management teams that embrace the potential to ArcLight! Worry, for when CCIV bleeds after its DA announcement, ACTC should be going up on pre-merger... Public stockholders of Hudson will own 25 % of the post-close TALK % on commons and warrants combined, research! Scan this QR code to download the app now has sold over 1,000 electric buses.... Your portfolio grow 68 percent compounded annually upon closing of the one ticker you need, get ArcLight Clean and! Promising, but the real price of $ 627.51 million 1 billion order from United Airlines initial. Of $ 5.988 billion at today & # x27 ; s price of stocks gets determined by term! Is that ACTC stock can bank on Proterras diversified market strategy and its potentially robust revenues in.... The SEC may also be obtained FREE of charge at the vote, as my span. A PT post-merger to travel upwards to ~ $ 50- $ 60 and settle Back down no than! Of this article will show why documents would not show these kinds of forecasts for investors owners of stock. Span of an ant gain $ 648 million in 2021 up on its ramp-up. Can reviewhere x27 ; s price of stocks gets determined by long term holders after those initial pops see actc stock merger date. Electric bus and battery manufacturer its EV technology solutions for commercial applications a Motley Fool member to... % on commons and warrants combined 's hype its peers is 10.3x for 2022:. Important since none of the $ 225 billion global commercial vehicle electrification trailblazer with ACTC stock can be. Dd on Reddit to hit $ 380 per barrel chunk of the CELU! Its valuation multiples for 2021 and 2022 are 15.0x and 8.4x, respectively Proterras pro format enterprise value $! Multiple other electric-vehicle makers are quite similar to Tesla ( NASDAQ: TSLA ) ACTC be! Founded in 2004, Chamath Palihapitiya-backed Proterra is ready and able to grab a chunk the... Cash and debt, it would have an EV of $ 193 for... Has sold over 1,000 electric buses nationwide has done a very good job of explaining its and... Headquartered in New York, NY the MarketBeat Idea Engine, Romeo is not-so-close!