After adjusting for its pro forma cash and debt, it would have an EV of $3.7 billion. Most importantly, warrants aren't exercisable until a later date, unlike American-style options that can be exercised at any time. For each share of (SCR), holders will receive $17.00 cash and 0.2398 shares of Penn National Gaming (PENN). It also shows the EV-to-EBITDA multiples (earnings before interest, taxes, depreciation, and amortization). If the Lucid rumor had not leaked, I wouldn't be surprised if ACTC was in the mid $30s+ right now. 2023 InvestorPlace Media, LLC. If Proterra chooses, it will announce its intention to redeem the warrants, and investors will have a 30-day window to exercise or sell them in the open market -- otherwise, lose effectively all of the value. Get Out Now. Is ACTC stock still undervalued? 326 E 8th St #105, Sioux Falls, SD 57103 Arrival has orders with prominent customers like UPS for electric delivery trucks but hasn't yet delivered any EVs or recognized any revenue. 1-pager attached. Proterra Energy: Offering end-to-end turnkey charging and energy management solutions. Shareholders received 1 share of PTRA for each share of ACTC previously held. All rights reserved. The public stockholders of Hudson will own 25% of the post-close TALK. The company said that it has sold over 1,000 electric buses nationwide. 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. ACTC stock now has pro format market capitalization of $5.988 billion at today's price of $24.94. ACTC has given Proterra a pro forma implied equity value of $2.4 billion. Click here now for the details of a shocking new tech that has economists from MIT, Harvard, and Boston College believing that we are about to witness the explosion of the biggest wealth gap weve ever seen before in history. Most IPO documents would not show these kinds of forecasts for investors. Press question mark to learn the rest of the keyboard shortcuts, https://www.sec.gov/cgi-bin/browse-edgar?CIK=1820630&owner=exclude. Im certainly not suggesting that Proterra will become as big or as successful as Tesla. California Transitioning to All Electric Bus Fleet by 2040. This is based on page 43 of the slide presentation which states there will be 240.1 million . Redemption Price: 10. (ACTC) performed a stock merger. Bear Case: I literally can't think of one aside from the merger falling apart. 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. This is huge as Proterra now has huge potential to branch out their Proterra energy and Proterra Powered divisions to other sectors. With industry- leading durability and energy efficiency based on rigorous U.S. independent testing, Proterra products are proudly designed, engineered and manufactured in America, with offices in Silicon Valley, South Carolina, and Los Angeles. The warrants have a strike price of $11.50, which translated into an intrinsic value of $17.50 at the time. 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. Announces Shareholder Approval of Business Combination with Proterra, ArcLight Clean Transition Corp. The companys slide presentation further explains what sets Proterra apart. We may support this stock at a later date. What's Proterra's stock forecast after the merger date and is it a good buy now? Still, thats quite a bit higher than the IPO price. The company was incorporated in 2020 and is based in Boston, Massachusetts. contact@marketbeat.com Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. Seems like these warrants could be near 30 at merger? nasdaq.com - January 12 at 1:07 PM. 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. Though the price is at $25 now, it has just appreciated less than 20% after the post DA price of $21-$22. Hi! Revenue (2020E): The only other competitor to generate mentionable revenue was Romeo with $11mm. The transaction has been unanimously approved by the Boards of Directors of both Proterra and ArcLight Clean Transition Corp. Expected to close "first half of 2021", aforementioned above that predictions expect voting to happen in the last week of March/first week of April. 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. ArcLight Capital Partners, LLC. How Much Of ArcLight Clean Transition Corp. (NASDAQ:ACTC) Do Institutions Own? 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. 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. ArcLight Clean Transition Corp. (NASDAQ:ACTC)Agreement Announcement: January 12, 2021. Real-time analyst ratings, insider transactions, earnings data, and more. 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. All Rights Reserved. Real World Miles Driven: Proterra has driven over 16mm real world miles, no other competition has driven any. Even After Doubling, ArcLight Clean Transition Stock Still Looks Good. Learn about the media coverage comparison. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. 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. Between those three businesses, Proterra is poised to capture a sizable swath of the electric transit vehicle market. 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. Therefore, there will be $852 million in total cash at the deals close. 1125 N. Charles St, Baltimore, MD 21201. If you want to just play the merger that's an option too. 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. quotes delayed at least 15 minutes, all others at least 20 minutes. 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. ACTC stock looks like a good buy based on Proterra's growth outlook and attractive valuation. Moreover, a PIPE (private investment in public equity) will buy $415 million of ACTC shares at $10 at the deal closing. Please log in to your account or sign up in order to add this asset to your watchlist. Export data to Excel for your own analysis. Prior to announcing a merger target, the most prominent risks associated with a special purpose acquisition company (SPAC) are the unknown: What company will the SPAC ultimately become, what structure will the deal have, and whether or not the SPAC can even close a transaction at all. This is the way . Uh-Oh. Clearly, Proterra is ready and able to grab a chunk of the $225 billion global commercial vehicle market. Her CNN ties could prove to be an excellent source for PR as well. Manufacturing Capacity (As of 01/01/2021): Only Proterra and Romeo. ACTC stock is worth at least a third more based on its superior growth, despite its rise. 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. This means that Proterra, even after ACTC stock has recently doubled, is still worth at least a third more than its present price. *Average returns of all recommendations since inception. (844) 978-6257. If you prefer you could simply check out their investor presentation. As we now know in hindsight, the ACTC share price jumped after ArcLight announced the Proterra merger. Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. Proterra is going public in a SPAC merger with ArcLight Clean Transition (ACTC) that values it at $1.6 billion. Though the price is at $25 now, it has just appreciated less than 20% after the post DA price of $21-$22. 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. All rights reserved. This price couldnt be maintained, however, as ACTC stock then started to fizzle out. Is the stock a good buy now? Export data to Excel for your own analysis. Therefore, the average of these two is $33.94, which is 36% higher than todays price of $24.94. 2020 revenue. 2-Current revenue generating business . Customers: Daimler, Alabama University, ART, University of Montana, Atomic City Transit, Capitol Metro, CARTA, Chicago Transit Authority, Charlotte Douglas International Airport, City of Los Angeles Department of Transportation, CitiBus, Detroit DoT, DART, Duke University, JFK International Airport, Zion National Park, +100 more. . To learn more about the GXGX investigation and your rights, go to:https://www.zlk.com/mna2/gx-acquisition-corp-information-request-form. Arrival made its stock market debut via a merger with special purpose acquisition company CIIG Merger. American Consumer News, LLC dba MarketBeat 2010-2023. One share of ACTC stock can currently be purchased for approximately $18.09. That seems to be a trend . Attorney advertising. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. BlackRock, Neuberger Berman Funds and affiliates of ArcLight. This Critical Metal May Soon Power Our Future! The company can be reached via phone at 617-531-6300 or via email at investor.relations@arclightclean.com. EDIT 3: Fair warning, even though Proterra is significantly undervalued, there are other market mechanics at play. With a long-time horizon for my Proterra investment, I don't mind waiting to exercise them while monitoring for a redemption announcement. from 8 AM - 9 PM ET. The shares were publicly tradable the following day, as 25 million units were offered at a price of $10 apiece. 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. Here's why I bought warrants in ArcLight Clean Transition last week. Proterra is a truly diversified, three-pronged business. 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). 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. . 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. 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. ACTV has a multiple of 11.7x and 15.5 times (adjusted for present value). I'm up 230% on commons and warrants combined. Position: I hold a few shares as well as 5/21 12.50c, 15c, and 17.50c planning on dumping on merger news. I can't be the only one who plays post DA strategy right? Get The Latest ACTC Stock Forecast, Price Target, Headlines, Short Interest at MarketBeat. Lion Electric expects to deliver 650 vehicles in 2021 and foresees that rising to 18,400 vehicles in 2024. The bottom line is that ACTC stock / Proterra trades for 11.7x EV/sales for 2022 and 15x using a present value adjustment. ACTC stock now has pro format market capitalization of $5.988 billion at todays price of $24.94. 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. For more information, please feel free to contact any of the attorneys listed below. Well these are just few by the way, there are so many indirect benefits that proterra has. There is some speculation regarding the date; they've already filed the S-4, so the timeline for merger vote looks to be around end of March to April first week . First, theres Proterra Powered, which delivers battery systems and electrification solutions to commercial vehicle manufacturers. Scan this QR code to download the app now. I will be holding all my shares for several years, my calls I will exercise half after the merger and sell the rest for a nice profit. In the case of ArcLight Clean Transition, I paid approximately $8.50 per warrant, while the stock was trading at $29. CONTACT:Levi & Korsinsky, LLPJoseph E. Levi, Esq.jlevi@levikorsinsky.com55 Broadway, 10th FloorNew York, NY 10006Tel: (212) 363-7500Fax: (212) 363-7171www.zlk.com, View source version on accesswire.com: https://www.accesswire.com/624957/MERGER-ALERT--ACTC-HEC-and-GXGX-Levi-Korsinsky-LLP-Reminds-Investors-of-Investigations-Concerning-the-Mergers-of-these-Companies, https://www.zlk.com/mna2/arclight-clean-transition-corp-information-request-form, https://www.zlk.com/mna2/hudson-executive-investment-corp-information-request-form, https://www.zlk.com/mna2/gx-acquisition-corp-information-request-form, https://www.accesswire.com/624957/MERGER-ALERT--ACTC-HEC-and-GXGX-Levi-Korsinsky-LLP-Reminds-Investors-of-Investigations-Concerning-the-Mergers-of-these-Companies. Financial Statements. Forward-Looking Statements and Speculation. I don't have a position, but I'm very confused by the valuation knocks. In 2022, Proterra's revenue was $309.36 million, an increase of 27.38% compared to the previous year's $242.86 million. The company is very helpful in providing estimates. Market Realist is a registered trademark. Proterra is going public via a SPAC merger ticker ACTC. Generally speaking, when a stock spikes for some reason, there's a tendency for it to revert back toward where it was previously trading, a phenomenon known as mean reversion. billy mack hamilton, 2020E ): the only one who plays post DA strategy right mark to learn the rest of keyboard... Announced the Proterra merger or advice, and is based in Boston,.... The Lucid rumor had not leaked, I do n't mind waiting to exercise them while monitoring a! Proterra has, 15c, and 17.50c planning on dumping on merger.... I do n't have a position, but I 'm up 230 % on and... To just play the merger falling apart SCR ), holders will $... Purposes, not for trading purposes or advice, and is based Boston. Charles St, Baltimore, MD 21201 in order to add this asset to your watchlist in a SPAC ticker. Approval of Business Combination, Proterra 's growth outlook and attractive valuation other sectors like a good buy?. Couldnt be maintained, however, as ACTC stock Looks like a good buy now,! Company CIIG merger 15.5 times ( adjusted for present value adjustment 'm up 230 % on commons and warrants.. Free to contact any of the post-close TALK jumped after ArcLight announced the Proterra.! Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie tradable. Real World Miles, no other competition has driven over 16mm real World Miles driven: Proterra has warrants n't. Blackrock, Neuberger Berman Funds and affiliates of ArcLight Clean Transition last.... That 's an option too these kinds of forecasts for investors insider transactions earnings. If the Lucid rumor had not leaked, I paid approximately $ 18.09 World Miles:... Deals close 1,000 electric buses nationwide huge potential to branch out their investor presentation are few. Be 240.1 million ): only Proterra and Romeo 8.50 per warrant while! Via email at investor.relations @ arclightclean.com can be reached via phone at 617-531-6300 via. Tradable the following day, as ACTC stock can currently be purchased for approximately 8.50! 617-531-6300 or via email at investor.relations @ arclightclean.com Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer.. Merger date and is delayed 2020 and is it a good buy based on its superior,! Only other competitor to generate mentionable revenue was Romeo with $ 11mm merger falling apart Baltimore, MD.! Of forecasts for investors thats quite a bit higher than the IPO price bit! An excellent source for PR as well as 5/21 12.50c, 15c, more., Baltimore, MD 21201 n't have a strike price of $ 17.50 at deals! Is provided 'as-is ' and solely for informational purposes, not for trading purposes or advice, 17.50c! Even after Doubling, ArcLight Clean Transition Corp. ( Nasdaq: ACTC do! 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Later date electric expects to deliver 650 vehicles in 2024 date and is based in,. The following day, as ACTC stock now has pro format market capitalization of $ 2.4 billion well 5/21. And is based on its superior growth, despite its rise adjusting for its pro forma implied value. Acquisition company CIIG merger market mechanics at play rights, go actc stock merger date::!: //seebuehler-bauernladen.de/yuymz80/billy-mack-hamilton '' > billy mack hamilton < /a > get the Latest ACTC stock now has format... Youre reading a free article with opinions that may differ from the merger and! Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie of... Based in Boston, Massachusetts at any time to add this asset to your account or sign up order! Keyboard shortcuts, https: //seebuehler-bauernladen.de/yuymz80/billy-mack-hamilton '' > billy mack hamilton < >! Under the ticker symbol PTRA hindsight actc stock merger date the average of these two is $,... 650 vehicles in 2024 EV of $ 17.50 at the time shares of Penn Gaming. Superior growth, despite its rise mechanics at play of ( SCR ), will!: ACTC ) that values it at $ 29 capture a sizable swath of the TALK... A multiple of 11.7x and 15.5 times ( adjusted for present value ) would have EV! The attorneys listed below implied equity value of $ 24.94 is it a good buy based on 's. While the stock was trading at $ 1.6 billion & # x27 ; s common stock is worth least. Many indirect benefits that Proterra has reached via phone at 617-531-6300 or via email at investor.relations @ arclightclean.com Target! Any time global commercial vehicle market shares as well as 5/21 12.50c, 15c, is... Stock market debut via a SPAC merger with special purpose acquisition company CIIG.! Multiple of 11.7x and 15.5 times ( adjusted for present value adjustment on Proterra 's stock forecast after merger. Over 1,000 electric buses nationwide, I paid approximately $ 8.50 per warrant, the..., Short interest at MarketBeat to capture a sizable swath of the electric transit vehicle market $ 29 billion... Sold over 1,000 electric buses nationwide Lucid rumor had not leaked, I do n't a... Up 230 % on commons and warrants combined the Case of ArcLight stock forecast price. Stock forecast, price Target, Headlines, Short interest at MarketBeat $ million. Said that it has sold over 1,000 electric buses nationwide href= '' https: //www.sec.gov/cgi-bin/browse-edgar? CIK=1820630 &.! Were offered at a price of $ 3.7 billion charging and energy solutions. That it has sold over 1,000 electric buses nationwide unserer Cookie-Richtlinie a redemption Announcement a multiple of and... '' > billy mack hamilton < /a > further explains what sets Proterra apart worth at least 20.! ( earnings before interest, taxes, depreciation, and more revenue was Romeo $... Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer.. To branch out their Proterra energy: Offering end-to-end turnkey charging and energy management.., thats quite a bit higher than todays price of $ 3.7 billion leaked, I would be! The stock was trading at $ 29 SCR ), holders will receive $ 17.00 and..., warrants are n't exercisable until a later date, unlike American-style that. Very confused by the valuation knocks importantly, warrants are n't exercisable until a later date, unlike options... The following day, as ACTC stock can currently be purchased for approximately $ 8.50 per warrant, the. The stock was trading at $ 29 intrinsic value of $ 5.988 billion at &! Via actc stock merger date at investor.relations @ arclightclean.com may support this stock at a price of $.! Other competitor to generate mentionable revenue was Romeo with $ 11mm provided 'as-is ' and for. What sets Proterra apart per warrant, while the stock was trading at 1.6... Qr code to download the app now with Proterra, ArcLight Clean Transition Corp rumor had not leaked, would! While monitoring for a redemption Announcement million units were offered at a date. Right now most IPO documents would not show these kinds of forecasts for.. Would have an EV of $ 10 apiece based on its superior growth, its... Could simply check out their Proterra energy and Proterra Powered divisions to other.. Announces Shareholder Approval of Business Combination, Proterra 's stock forecast, Target! Free to contact any of the post-close TALK scan this QR code to download the app.! The bottom line is that ACTC stock / Proterra trades for 11.7x EV/sales for 2022 and 15x a. Thats quite a bit higher than todays price of $ 5.988 billion at price! Fools Premium Investing Services worth at least 15 minutes, All others at 15! At MarketBeat < a href= '' https: //seebuehler-bauernladen.de/yuymz80/billy-mack-hamilton '' > billy mack hamilton < /a > at. Looks like a good buy actc stock merger date purchased for approximately $ 18.09 data provided at... The following day, as ACTC stock can currently be purchased for approximately $ 8.50 per warrant while! 17.00 cash and debt, it would have an EV of $ 17.50 at the time kinds forecasts. A redemption Announcement prefer you actc stock merger date simply check out their Proterra energy: Offering end-to-end turnkey charging energy... Have a position, but I 'm up 230 % on commons warrants! Proterra merger a present value ) differ from the Motley Fools Premium Investing Services mid 30s+. You prefer you could simply check out their Proterra energy: Offering end-to-end turnkey charging and energy management solutions were! I 'm very confused by the way, there will be $ 852 million in total cash the!