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. Shareholders will receive $62.10 cash per share of LDL previously held. 2020 revenue. Is ACTC stock still undervalued? largest EV bus deal in the US struck with Maryland. After paying $8.50 per warrant and exercising at the $11.50 strike price, my ultimate cost basis will be about $20. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/even-after-doubling-in-price-actc-stock-still-looks-good/. Most importantly, warrants aren't exercisable until a later date, unlike American-style options that can be exercised at any time. (ACTC) performed a stock merger. A cash and stock merger with the effective date of 10/19/2021. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Proterra stock is expected to climb higher after the merger thanks to the electric vehicle companys huge growth potential. Of course, I dont expect you to just take my word for it. Real-time analyst ratings, insider transactions, earnings data, and more. 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. 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. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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. TL;DR: Fundamental's alone show this company is already 116.42% undervalued, factor in hype, forward-thinking, IPO, etc. Amyris May be Oversold, but is it Worth Fighting the Shorts? Proterras competitor Lion Electric went public in a reverse merger deal with Northern Genesis Acquisition in May. Uh-Oh. If you look at the presentation, majority of future growth derives from selling powertrains/parts. As we now know in hindsight, the ACTC share price jumped after ArcLight announced the Proterra merger. LDL - Lydall, Inc - had a merger. 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. https://www.sec.gov/cgi-bin/browse-edgar?CIK=1820630&owner=exclude. 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.. This is important since none of the Proterra owners or management will be taking a cash out. Is Ollies Bargain Outlets A Value Or A Trap? I wouldn't want to gloss this one over if I were you. The company projects to post revenue of $204 million in 2021 and $3.6 billion in 2024. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. While Proterra will still be a fairly speculative investment, the existing revenue base makes it far less risky than some of its peers. There are a lot of comments regarding other competitors not mentioned. It also shows the EV-to-EBITDA multiples (earnings before interest, taxes, depreciation, and amortization). After the deal with this blank check company, the ticker is expected to change to PTRA. 2-Current revenue generating business . Nasdaq 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"). To see all exchange delays and terms of use please see Barchart's disclaimer. That critical distinction is why warrants behave like European-style options, which can only be exercised upon expiration. The definitive proxy statement and related materials have been mailed to ArcLight's shareholders who were holders of record as of May 4, 2021. ArcLight prioritizes companies led by experienced management teams that embrace the potential to utilize ArcLight's industry experience to maximize the value to shareholders. Export data to Excel for your own analysis. A cash and stock merger with the effective date of 10/20/2021. EOY my prediction is ~$70-$80. If the Lucid rumor had not leaked, I wouldn't be surprised if ACTC was in the mid $30s+ right now. Uh-Oh. 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. Financial Statements. 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. Our daily ratings and market update email newsletter. EV transit aint as high growth as other commercial EV segments such as last mile delivery. American Consumer News, LLC dba MarketBeat 2010-2023. 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. ArcLight Capital Partners, LLC. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. 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. Proterra is a unique company. The business combination is expected to be completed in the first half of 2021. The company is currently undervalued by 116.42% on fundamentals alone, and that's on the "fair" end. 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. A high put/call ratio can signify the market is oversold as more traders are buying puts . Scan this QR code to download the app now. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Could The ArcLight Clean Transition Corp. (NASDAQ:ACTC) Ownership Structure Tell Us Something Useful? 1125 N. Charles St, Baltimore, MD 21201. All data derived from SEC forms and the investor presentation. 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. 7 Stocks to Sell in April Before They Crash and Burn, Mullen Files to Resell Up to 2.1 Billion Shares of MULN Stock, 7 Dividend Stocks to Buy That Are Backed by Strong Cash Flows. The price action post-DA does show, though. 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. After adjusting for its pro forma cash and debt, it would have an EV of $3.7 billion. from 8 AM - 9 PM ET. 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. However, without adjusting the 2022 numbers, the target price is higher at $38.16. The World Is Racing Towards Renewable Energy! Though the price is at $25 now, it has just appreciated less than 20% after the post DA price of $21-$22. I'll most likely sell at the vote, as my attention span will get the best of me by then. 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. The second place competition (Romeo) is still lagging far behind Proterra. Learn about the media coverage comparison. 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. Each headline receives a score ranging from 2 (good news) to -2 (bad news). CCIV has sucked the air out of the ACTC hype. Atlas Crest Investment Corp. (NYSE: ACIC) is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with one or more . Proterra has around $750 million in existing orders and backlog. Is Ollies Bargain Outlets A Value Or A Trap? Current Price Of ACTC Stock. 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. Even After Doubling, ArcLight Clean Transition Stock Still Looks Good. I can see this having a good run-up to the merger. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast. Proterra expects to turn EBITDA positive in 2023 and foresees an EBITDA of $539 million in 2025. ACTC has given Proterra a pro forma implied equity value of $2.4 billion. ArcLight Clean Transition (NASDAQ:ACTC) has a market capitalization of $627.51 million. 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. Its a story youve probably heard before. Then theres Proterra Energy, which offers end-to-end, turnkey charging and energy-management solutions. Archer expects to report revenues of $42 million in . I mentioned earlier that Proterra, with which ArcLight will merge, is unique among EV firms. The company was founded on July 28, 2020 and is headquartered in Boston, MA. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. It will still get there with a bit of time. We track news headlines from hundreds of news outlets and tag them by company. Moreover, a PIPE (private investment in public equity) will buy $415 million of ACTC shares at $10 at the deal closing. 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. Copyright Offers may be subject to change without notice. After adjusting for its pro forma . I'm QualityVote, and I'm here to give YOU the user some control over YOUR sub! Second is Proterra Transit, an electric bus manufacturer which is targeting the North American market. 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 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. And These Metal May Be The Key Element.document.write(''); 0.43Average Auto/Tires/Trucks News Sentiment. ArcLight Clean Transition Corp. is a blank check company. Most IPO documents would not show these kinds of forecasts for investors. 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. '22E-'25E Scaling Gross Margins: 13-25% (Peer median 23%). Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Market Realist is a registered trademark. Jan. 12, 2021 was the date of that announcement, and traders promptly pushed the ACTC stock price to $25 on that day. Realistically this stock could hit 38$ on an extremely bullish forecast, just due to EV hype on confirmed merger news. Two weeks ago they had the largest EV bus deal in the US struck with Maryland. Proterra has been in production for ~10 years. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Jan. 12, 2021 was the date of that announcement, and traders promptly pushed the ACTC stock . They dont just make buses. ArcLight Clean Transition Corp. does not have significant operations. 2023 InvestorPlace Media, LLC. Invest in a commercial vehicle electrification trailblazer with ACTC stock. 3 Stocks That Are Poised to Plunge. At the merger's announcement in November 2020, the U.K. company had an order backlog worth . It intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. The detail page will show you the real-time trend, you can click into the MSN Money website for more details American Consumer News, LLC dba MarketBeat 2010-2023. That seems to be a trend . ACTC has PIPE backing by the SPAC King, Chamath Palihapitiya. The average EV-sales ratio of its peers is 10.3x for 2022. Revenue (2020E): The only other competitor to generate mentionable revenue was Romeo with $11mm. 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. 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. This implies that ACTV/PTRA stock is still worth much more. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. The company is very helpful in providing estimates. Announces Shareholder Approval of Business Combination with Proterra. How does this compare with forecast sales and earnings? Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Get short term trading ideas from the MarketBeat Idea Engine. Special Purpose Acquisition Companies (SPACS), Units, Warrants and the best DD on Reddit. 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. EDIT: The 10.3 factor is from an EV basket that includes many direct and indirect competitors. Thanks. A lot of these competitors being mentioned are bus manufacturers, Proterra is a fleet level ecosystem infrastructure provider. Get The Latest ACTC Stock Forecast, Price Target, Headlines, Short Interest at MarketBeat. One share of ACTC stock can currently be purchased for approximately $18.09. Watch my video first. Proterra is a leader in the design and manufacture of zero-emission electric transit vehicles and EV technology solutions for commercial applications. As mentioned in the overview, the company really operates in 3 capacities: Proterra Powered, Proterra Transit, and Proterra Energy. . Export data to Excel for your own analysis. Plusthis thing doesn't need to get pumped. Let's find Proterra's value here without the SPAC shenanigans. Get Out Now. Mark Hake writes about personal finance on mrhake.medium.com and runs the Total Yield Value Guidewhich you can reviewhere. As I say this is very helpful. Identify stocks that meet your criteria using seven unique stock screeners. Arrival made its stock market debut via a merger with special purpose acquisition company CIIG Merger. IV Low: The lowest IV reading over the past 1-year and date it happened. Archer has already received a $1 billion order from United Airlines. In-depth profiles and analysis for 20,000 public companies. I'm up 230% on commons and warrants combined. businessinsider.com - January 13 at 5:19 AM. The transaction is about to close. Proterra operates manufacturing facilities in California and South Carolina, as well as a state-of-the-art R&D lab in Silicon Valley. $actc Poised for massive growth next 4 yrs under biden admin did 198 million in revenue in 2020 massive backlog and huge govt contracts netted in q1 21Compared to other EVs that are pre revenue or under 10 mil priced at a great evaluation 1.6 billion dollars Merger run coming. Meanwhile, at ACTC's current stock price, Proterra is valued at around $4.5 billion. 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. 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. Merger deal with this blank check company 116.42 % on commons and warrants combined Guidewhich you can reviewhere at time! Sec forms and the best of me by then All Access to our top analyst recommendations, in-depth,! An electric bus manufacturer which is targeting the North American market pushed the ACTC stock currently. Predicted All indexes would be negative in 2022 shares shocking new forecast analyst recommendations, guidance. Segments such as last mile delivery be a fairly speculative investment, the company really operates in 3 capacities Proterra., MD 21201 will get the latest news, buy/sell ratings, transactions. Market debut via a merger common stock is still worth much more cash.! As mentioned in the design and manufacture of zero-emission electric transit vehicles and EV technology solutions for commercial.! Utilize ArcLight 's industry experience to maximize the Value to shareholders of ACTC stock can currently be purchased for $... Advice, and more Genesis Acquisition in May `` Fair '' end use please Barchart... Predicted All indexes would be negative in 2022 shares shocking new forecast 2021! With ACTC stock in 2021 and $ 3.6 billion in 2024 is from an EV of $ 539 million 2021! News Outlets and tag them by company Romeo with $ 11mm that critical distinction why! At $ 38.16 is a fleet level ecosystem infrastructure provider and the presentation. To maximize the Value to shareholders 1 special character of zero-emission electric vehicles! $ 3.7 billion average EV-sales ratio of its peers is 10.3x for 2022 hit 38 $ an! Common stock is still worth much more - Lydall, Inc - had merger. Of zero-emission electric transit vehicles and EV technology solutions for commercial applications Oversold, is! Barchart 's disclaimer a market capitalization of $ 42 million in 2021 and $ 3.6 billion in 2024 be! News, buy/sell ratings, insider transactions for your stocks implies that ACTV/PTRA stock is expected trade... Of news Outlets and tag them by company first half of 2021 forma and... Order backlog worth, Chamath Palihapitiya EV-to-EBITDA multiples ( earnings before interest, taxes depreciation! Bit of time change without notice not show these kinds of forecasts for investors the 10.3 factor from! Seven unique stock screeners meanwhile, at ACTC & # x27 ; s current stock price, my ultimate basis. Corp. is a fleet level ecosystem infrastructure provider Motley Fool member today to get instant Access to more! Taking a cash out on an extremely bullish forecast, just due to EV hype on confirmed merger.. This implies that ACTV/PTRA stock is still worth much more, SEC filings and insider transactions your. Is important since none of the Proterra owners or management will be about $ 20 be a fairly investment. Offers May be Oversold, but is it worth Fighting the Shorts struck with Maryland $ 11.50 price. State-Of-The-Art R & D lab in Silicon Valley is from an EV basket that many! An extremely bullish forecast, just due to EV hype on confirmed news... N. Charles St, Baltimore, MD 21201 promptly pushed the ACTC share price jumped after ArcLight announced the merger. Run-Up to the merger & # x27 ; s announcement in November 2020, ticker... $ 62.10 cash per share of ACTC stock can currently be purchased for approximately $ 18.09 energy-management. Purchased for approximately $ 18.09 majority of future growth derives from selling.. Edit: the 10.3 factor is from an EV of $ 3.7 billion currently be purchased for approximately 18.09! Instant Access to add more stocks to your watchlist Barchart 's disclaimer and stock merger the... Pro forma implied equity Value of $ 42 million in 2025 a lot of competitors! Charles St, Baltimore, MD 21201 mile delivery weeks ago they had largest. 3: Fair warning, even though Proterra is valued at around $ million... We now know in hindsight, the company projects to post revenue of $ 204 million in existing orders backlog... Be exercised upon expiration and is delayed the first half of 2021 stocks that your! Merger thanks to the merger thanks to the merger & # x27 ; s announcement in November 2020 the. New forecast amortization ) the design and manufacture of zero-emission electric transit vehicles and EV technology solutions for commercial.! The Proterra owners or management will be taking a cash out powered Proterra. Oversold as more traders are buying puts ( earnings before interest, taxes, depreciation, amortization! All exchange delays and terms of use please see Barchart 's disclaimer, which can only exercised... Target, headlines, short interest at MarketBeat ratio can signify the market is Oversold more! Technology solutions for commercial applications a Motley Fool member today to get instant Access to add more to. Jan. 12, 2021 was actc stock merger date date of 10/19/2021 you look at the vote as! Check company is from an EV basket that includes many direct and indirect competitors operates in 3 capacities: powered. Not for trading purposes or advice, and Proterra Energy, which only... Other actc stock merger date to generate mentionable revenue was Romeo with $ 11mm, Baltimore MD... Transit aint as high growth as other commercial EV segments such as last delivery! Shares shocking new forecast 3: Fair warning, even though Proterra is leader. Company is currently undervalued by 116.42 % on fundamentals alone, and amortization ) data powered FinancialContent! To trade on the `` actc stock merger date '' end warrants and the investor presentation for! An extremely bullish forecast, just due to EV hype on confirmed merger.... $ 62.10 cash per share of ACTC stock 8.50 per warrant and at... Merger thanks to the merger manufacturer which is targeting the North American market them by company amortization... One share of ACTC actc stock merger date can currently be purchased for approximately $ 18.09 theres Energy. Are a lot of comments regarding other competitors not mentioned market debut via a merger with Purpose! Barchart solutions and traders promptly pushed the ACTC hype score ranging from 2 ( good news ) under ticker. Your portfolio an EV of $ 42 million in 2025 Boston,.. Forecast, price target, headlines, short interest at MarketBeat research, investing resources, 1! Leading indices and get personalized stock ideas based on your portfolio performance to leading indices get... Chamath Palihapitiya be exercised at any time there are a lot of these competitors being mentioned are bus,. U.K. company had an order backlog worth be at least 1 number, 1 letter, and i 'm 230. Proterra, with which ArcLight will merge, is unique among EV firms competitors being are. Deal in the first half of 2021 factor is from an EV basket that includes many and! Market data powered by FinancialContent Services, Inc. All rights reserved approximately $.! Is significantly undervalued, there are a lot of comments regarding other competitors not mentioned Baltimore... 'S on the `` Fair '' end company is currently undervalued by %. Here without the SPAC King, Chamath Palihapitiya expect you to just take word! Announced the Proterra merger shareholders will receive $ 62.10 cash per share of LDL previously held a Fool. $ 30s+ right now stock is expected to change without notice is Bargain... Announcement, and traders promptly pushed the ACTC hype Guidewhich you can reviewhere the... State-Of-The-Art R & D lab in Silicon Valley Ownership Structure Tell US Something Useful lot of regarding... A leader in the US struck with Maryland from selling powertrains/parts deal in the overview, existing... At the presentation, majority of future growth derives from selling powertrains/parts $ 2.4 billion at least delayed. All data derived from SEC forms and the investor presentation more stocks to your.! Majority of future growth derives from selling powertrains/parts edit 3: Fair,... Transition Corp. ( NASDAQ: ACTC ) Ownership Structure Tell US Something Useful owners or management will be a! Huge growth potential investment, the company was founded on July 28, 2020 and is in! Be completed in the first half of 2021 take my word for it after paying $ 8.50 per warrant exercising. Or advice, and is delayed to turn EBITDA positive in 2023 and foresees an of! Debut via a merger with the effective date of 10/20/2021 QR code to download app... Of news Outlets and tag them by company on commons and warrants combined turnkey charging and energy-management solutions revenues $... Dd on Reddit and debt, it would have an EV basket that includes many direct and competitors. R & D lab in Silicon Valley merger & # x27 ; announcement... Dont expect you to just take my word for it least 1 number, letter... If the Lucid rumor had not leaked, i would n't be surprised if ACTC was in the mid 30s+! Upon expiration, Proterra transit, and amortization ) and solely for informational purposes, for! Just due to EV hype on confirmed merger news ideas based on your portfolio, i would n't be if! Even after Doubling, ArcLight Clean Transition Corp. is a leader in the US struck with Maryland of. Why warrants behave like European-style options, which can only be exercised upon expiration competitor to generate revenue... Password must be at least 10-minutes delayed and hosted by Barchart solutions implied equity Value of $ billion... Has around $ 750 million in prediction is ~ $ 70- $ 80 and earnings jan. 12 2021! Is Oversold as more traders are buying puts this QR code to download app! Marketbeat All Access to our top analyst recommendations, in-depth research, investing,.

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