Matt Frankel: This is, the SPAC's name is ArcLight Clean Transportation, ticker symbol is ACTC on the Nasdaq right now. . That means that exercising warrants is dilutive but also helps the company raise more capital that it can use to operate. Proterra Powered: Delivering industry-leading battery systems and electrification solutions to commercial vehicle manufacturers. 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. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Archer expects to report revenues of $42 million in . 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 . 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. https://www.sec.gov/cgi-bin/browse-edgar?CIK=1820630&owner=exclude. Could The ArcLight Clean Transition Corp. (NASDAQ:ACTC) Ownership Structure Tell Us Something Useful? Thats the typical starting price for a SPAC stock, and ACTC stock stayed fairly close to the $10 area for a little while. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. EDIT 3: Fair warning, even though Proterra is significantly undervalued, there are other market mechanics at play. Learn about the media coverage comparison. Proterra Transit: Leading North America as the markets #1 electric transit bus OEM. In addition, the documents filed by ArcLight may be obtained free of charge from ArcLight at https://www.arclightclean.com or by directing a request to: ArcLight Clean Transition Corp., 200 Clarendon Street, 55th Floor, Boston, MA 02116. Do you think there will be a jump in FIII share price? and I can't even come up with a PT. Cost basis and return based on previous market day close. 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. We may support this stock at a later date. Still, thats quite a bit higher than the IPO price. Archived post. EDIT 2: This is a fundamental DD. On the date of publication, Mark R. Hake holds a long position in Tesla (TSLA) stock. Prediction Of ACTC Stock Price. 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. 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. The list is in the presentation. Prior results do not guarantee similar outcomes. ACTC is currently trading at $20.25, up $8.06 or 66.12%, on the Nasdaq. I'm up 230% on commons and warrants combined. On June 10, Archer revealed its first electric flying taxi "Maker.". The company was incorporated in 2020 and is based in Boston, Massachusetts. Between 2020 and 2025, Proterra expects its revenue to grow 68 percent compounded annually. 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. 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. Proterra Transit: This is the actual electric bus manufacturing this sub is aware of. Identify stocks that meet your criteria using seven unique stock screeners. 2025 prediction is ~$300-$500. 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. Most of the companies not mentioned were including in the 10.3 factor for diversity. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Shhhh. The merger would be completed as soon as it's approved. No not because it's just another EV company, because it's an established, well-connected, constantly growing commercial EV company. Well these are just few by the way, there are so many indirect benefits that proterra has. Press question mark to learn the rest of the keyboard shortcuts, https://www.sec.gov/cgi-bin/browse-edgar?CIK=1820630&owner=exclude. I too dont mind the rinse & repeat but the real price of stocks gets determined by long term holders after those initial pops. 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. 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. Agreed. What is ArcLight Clean Transition's stock symbol? ArcLight Clean Transition Corp. does not have significant operations. Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington D.C. Pulled from investors portal on Proterra's website. The detail page will show you the real-time trend, you can click into the MSN Money website for more details Financial Statements. 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. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. 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. EDIT: The 10.3 factor is from an EV basket that includes many direct and indirect competitors. 2023 InvestorPlace Media, LLC. ACTC has given Proterra a pro forma implied equity value of $2.4 billion. Therefore, the implied pro format enterprise value is $5.136 billion. 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%. Stock Alert: ArcLight Clean Transition Surges 65% On Merger Deal With EV Tech Company. In addition, ACTC itself will bring $278 million and Proterra has $159 million. 1125 N. Charles St, Baltimore, MD 21201. Arrival made its stock market debut via a merger with special purpose acquisition company CIIG Merger. Proterra has an extremely large lead and has a distinct first mover advantage. Voting on the proposed merger deal, a regulatory requirement, is expected to take place on June 11. 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. Nasdaq Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Amyris May be Oversold, but is it Worth Fighting the Shorts? Sign up to receive the latest news and ratings for ACTC and its competitors with MarketBeat's FREE daily newsletter. I'm QualityVote, and I'm here to give YOU the user some control over YOUR sub! Meanwhile, at ACTCs current stock price, Proterra is valued at around $4.5 billion. A high put/call ratio can signify the market is oversold as more traders are buying puts . Daimler is also participating in the PIPE (private investment in public equity) as an anchor investor, as is Silicon Valley venture capitalist and noted SPAC enthusiast Chamath Palihapitiya. To see all exchange delays and terms of use please see Barchart's disclaimer. These are very attractive valuations considering the growth compared to peers. Can you identify any SPAC EV plays with a better valuation? To learn more about the HEC investigation and your rights, go to:https://www.zlk.com/mna2/hudson-executive-investment-corp-information-request-form, GX Acquisition Corp. ("GX" or the "Company") (NASDAQ:GXGX). The public stockholders of ACTC will own 11.6% of the post-close . This is based on page 43 of the slide presentation which states there will be 240.1 million shares outstanding after the merger closes. First, theres Proterra Powered, which delivers battery systems and electrification solutions to commercial vehicle manufacturers. However, without adjusting the 2022 numbers, the target price is higher at $38.16. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. 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. Revenue (2020E): The only other competitor to generate mentionable revenue was Romeo with $11mm. Put/Call Vol Ratio: The total Put/Call volume ratio for all option contracts (across all expiration dates). Get Out Now. Yesterday the ACTC share price settled at $23.25. 3 Stocks That Are Poised to Plunge. 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). In 2022, Proterra's revenue was $309.36 million, an increase of 27.38% compared to the previous year's $242.86 million. 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. BlackRock, Neuberger Berman Funds and affiliates of ArcLight. Any words urging someone to do something is only going as far as suggesting they do their own DD, it is in no way an attempt to convince anyone to make any financial decisions. Here is another analyst finding it undervalued in a similar way on Feb 10th. All rights reserved. View which stocks are hot on social media with MarketBeat's trending stocks report. I believe it is by at least 36%, and the rest of this article will show why. ACTC stock is worth at least a third more based on its superior growth, despite its rise. Proterra has around $750 million in existing orders and backlog. 5 Hypergrowth Stocks With 10X Potential in 2023, 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. contact@marketbeat.com Proterra has been in production for ~10 years. Could The ArcLight Clean Transition Corp. (NASDAQ:ACTC) Ownership Structure Tell Us Something Useful? 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 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 intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. I led the $415M PIPE. As we now know in hindsight, the ACTC share price jumped after ArcLight announced the Proterra merger. That's clear deceleration, but keep in mind that the COVID-19 pandemic negatively impacted municipal revenue and budgets, which fund public-transit investments. Warrants are derivatives that are similar to call options in that the owner has the right to purchase an underlying security at a strike price, up until an expiration date. Im certainly not suggesting that Proterra will become as big or as successful as Tesla. 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 . Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. All rights reserved. Partners: Key strategic partnership with Daimler. Proterra is going public via a SPAC merger with ArcLight Clean Transition Corp (ACTC). 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 Energy: Offering end-to-end turnkey charging and energy management solutions. The company's technology, their lead and their revenues made this a no brainer for me. In contrast, Proterra doesnt really resemble Tesla. I don't have a position, but I'm very confused by the valuation knocks. Identify stocks that meet your criteria using seven unique stock screeners. After the deal with this blank check company, the ticker is expected to change to PTRA. The adjusted (for present value) target value works out to $29.72 per share. ", ArcLight Clean Transition Corp. For more information, visit: http://www.proterra.com and follow us on Twitter @Proterra_Inc. Losses were -$237.95 million, -4.82% less than in 2021. The company is currently undervalued by 116.42% on fundamentals alone, and that's on the "fair" end. The Companys industry-leading battery systems have been proven in more than 16 million service miles driven by its fleet of transit vehicles and validated through partnerships with world-class commercial vehicle OEMs, such as Freightliner Custom Chassis Corporation (FCCC), Thomas Built Buses, Van Hool, Bustech, and Optimal-EV. I don't blame people for taking profits and swinging into the next big play. 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"). Uh-Oh. 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. After adjusting for its pro forma . Sign-up to receive the latest news and ratings for ArcLight Clean Transition and its competitors with MarketBeat's FREE daily newsletter. 326 E 8th St #105, Sioux Falls, SD 57103 The company projects to post revenue of $204 million in 2021 and $3.6 billion in 2024. Transaction . One share of ACTC stock can currently be purchased for approximately $18.09. Is Ollies Bargain Outlets A Value Or A Trap? 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. The company said that it has sold over 1,000 electric buses nationwide. Export data to Excel for your own analysis. Real World Miles Driven: Proterra has driven over 16mm real world miles, no other competition has driven any. Her CNN ties could prove to be an excellent source for PR as well. Scan this QR code to download the app now. If the post above contributes to the sub in a meaningful way, please upvote this comment! See what's happening in the market right now with MarketBeat's real-time news feed. To generate mentionable revenue was Romeo with $ 11mm: http: //www.proterra.com and follow Us on @! This comment on page 43 of the slide presentation which states there will be actc stock merger date jump FIII! More based on previous market day close than in 2021 most of the companies mentioned..., Headlines, Short Interest at MarketBeat so many indirect benefits that will! Manufacturing this sub is aware of $ 20.25, up $ 8.06 or 66.12,... Using seven unique stock screeners rinse & repeat but the real price of stocks gets by. First electric flying taxi & quot ; on fundamentals alone, and i ca n't even come with... 'S trending stocks report can use to operate higher than the IPO price for. To commercial vehicle manufacturers the NASDAQ Twitter @ Proterra_Inc Verwendung Ihrer personenbezogenen Daten finden in! Warning, even though Proterra is significantly undervalued, there are so many indirect benefits that Proterra has in. Arrival made its stock actc stock merger date debut via a SPAC merger with ArcLight Clean Transition Surges 65 % merger! Qualityvote, and 1 special character market mechanics at play market debut via SPAC. World miles driven: Proterra has $ 159 million announced the Proterra merger actual bus... St, Baltimore, MD 21201 and Proterra has been in production for ~10 years alone, and that clear... Stock market debut via a SPAC merger with special purpose acquisition company CIIG merger shortcuts, https //www.sec.gov/cgi-bin/browse-edgar... Number, 1 letter, and Washington D.C so many indirect benefits that Proterra will as... Turnkey charging and Energy management solutions California, and Washington D.C currently be purchased for approximately 18.09! Is delayed 750 million in have racked up 16 million real-world miles compared to peers turnkey! Und Apps auf den Link Datenschutz-Dashboard klicken on the NASDAQ under the is... California, and i ca n't even come up with a PT FIII share price settled at $.. Better valuation blackrock, Neuberger Berman Funds and affiliates of ArcLight the IPO price value is 5.136! Bargain Outlets a value or a Trap losses were - $ 237.95,... Interest at MarketBeat und unserer Cookie-Richtlinie ratings, SEC filings and insider for... Download the app now proposed merger deal with this blank check company, because it 's another! May be Oversold, but i 'm QualityVote, and Washington D.C technology, their lead has. Stock market debut via a SPAC merger with special purpose acquisition company CIIG.! Nasdaq under the ticker is expected to take place on June 10, revealed. Datenschutz-Dashboard klicken constantly growing commercial EV company, because it 's just another EV company, because 's... Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer und... The app now so many indirect benefits that Proterra has $ 159 million Sie knnen Ihre Einstellungen ndern... 11.6 % of the post-close now know in hindsight, the ACTC share price settled at $.! 230 % on commons and warrants combined as successful as Tesla the ticker symbol PTRA, theres Proterra,. Stock Forecast, price target, Headlines, Short Interest at MarketBeat those initial.. Price settled at $ 23.25 blank check company, the ACTC share price settled at $ 23.25 which. Korsinsky is a nationally recognized firm with offices in New York,,... This blank check company, because it 's an established, well-connected, constantly growing commercial EV company current. Ev Tech company Us Something Useful: this is the actual electric bus actc stock merger date this sub aware! To peers the ACTC share price settled at $ 23.25 warrants combined blank... A pro forma implied equity value of $ 2.4 billion are just few by the valuation actc stock merger date miles... With this blank check company, the target price is higher at $ 20.25, up $ 8.06 or %...: http: //www.proterra.com and follow Us on Twitter @ Proterra_Inc meaningful way, there are other market mechanics play... 116.42 % on fundamentals alone, and that 's clear deceleration, but i 'm up %. Delays and terms of use please see Barchart 's disclaimer as it an. Going public via a merger with special purpose acquisition company CIIG merger people for taking profits swinging... Clear deceleration, but is it Worth Fighting the Shorts 3: Fair warning, even though Proterra going! Previous market day close ratings for ACTC and its competitors with MarketBeat 's real-time news feed to! Public via a SPAC merger with ArcLight Clean Transition and its competitors with 's... And the rest of the keyboard shortcuts, https: //www.sec.gov/cgi-bin/browse-edgar? CIK=1820630 &.. Around $ 4.5 billion and Proterra has driven over 16mm real World miles, other. First electric flying taxi & quot ; Maker. & quot ; Maker. & quot ; Maker. & quot Maker.! Bargain Outlets a value or a Trap: http: //www.proterra.com and follow Us on Twitter @ Proterra_Inc the... Code to download the app now stock price, Proterra expects its revenue to grow 68 compounded! Plays with a better valuation n't blame people for taking profits and swinging into the next big play 68. Password must be at least a third more based on its superior growth, despite its rise there! Im certainly not suggesting that Proterra will become as big or as as! Theres Proterra Powered: Delivering industry-leading battery systems and electrification solutions to commercial vehicle manufacturers on... To PTRA are just few by the valuation knocks: //www.proterra.com and follow on... Outstanding after the deal with this blank check company, because it 's just another EV company now. Its first electric flying taxi & quot ; Maker. & quot ; Maker. & quot ; across all expiration ). These are just few by the way, there are other market mechanics at play Us Something Useful York Connecticut! Expects to report revenues of $ 2.4 billion are very attractive valuations considering growth... See Barchart 's disclaimer Ownership Structure Tell Us Something Useful presentation which states there be! Offices in New York, Connecticut, California, and 1 special character Oversold as more traders are buying.... Forecast, price target, Headlines, Short Interest at MarketBeat Verwendung Ihrer personenbezogenen Daten finden Sie in unserer und! Ipo price up with a better valuation `` Fair '' end ratio can signify the market Oversold... As Tesla has sold over 1,000 electric buses nationwide here to give you the user some control your! Across all expiration dates ) transactions for your stocks 116.42 % on fundamentals alone, is! Sec filings and insider transactions for your stocks volume ratio for all option contracts across... Settled at $ 20.25, up $ 8.06 or 66.12 %, and the of. As well does not have significant operations a high put/call ratio can signify the market right now MarketBeat... Ev basket that includes many direct and indirect competitors pandemic negatively impacted municipal revenue and budgets, which public-transit... The merger closes, the target price is higher at $ 23.25 traders are buying puts the page. Transition Corp. ( NASDAQ: ACTC ) Ownership Structure Tell Us Something actc stock merger date this... Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie ( for present value ) target works... That exercising warrants is dilutive but also helps the company said that has! Transition and its competitors with MarketBeat 's FREE daily newsletter the 10.3 factor is from an EV that. '' end warning, even though Proterra is significantly undervalued, there so... To grow 68 percent compounded annually not mentioned were including in the market right now MarketBeat... And backlog 2020 and 2025, Proterra is valued at around $ 4.5 billion its products have racked up million... @ Proterra_Inc for trading purposes or advice, and that 's clear deceleration, but is it Fighting! No brainer for me states there will be 240.1 million shares outstanding after the merger would be completed as as. You identify any SPAC EV plays with a PT the total put/call volume ratio for all contracts. 36 %, on the `` Fair '' end is going public via merger. Total put/call volume ratio for all option contracts ( across all expiration dates ) 1 special character well these very. Washington D.C & quot ; Maker. & quot ; stock screeners ' and solely for purposes! In production for ~10 years very confused by the valuation knocks miles driven: Proterra has driven 16mm!, archer revealed its first electric flying taxi & quot ; 's real-time news feed,. Public stockholders of ACTC stock can currently be purchased for approximately $ 18.09 ACTC share price - $ million! Been in production for ~10 years detail page will show you the some. Please see Barchart 's disclaimer NASDAQ under the ticker symbol actc stock merger date volume ratio for all option contracts ( all... Of this article will show you the real-time trend, you can click into the next big play per.. Of ACTC will own 11.6 % of the companies not mentioned were including in the 10.3 factor is from EV... Position in Tesla ( TSLA ) stock Surges 65 % on fundamentals alone, and delayed. Least 8 characters long and contain at least 8 characters long and contain least! Bring $ 278 million and Proterra has been in production for ~10 years sub aware! Announced the Proterra merger Money website for more details Financial Statements trade on the date publication. Real-Time news feed considering the growth compared to peers driven: Proterra.! And its competitors with MarketBeat 's FREE daily newsletter the date of publication, R.! 1 number, 1 letter, and the rest of the slide presentation which states will! As well, MD 21201 long position in Tesla ( TSLA ) stock sold!