Copyright 2023 Market Realist. The public stockholders of ACTC will own 11.6% of the post-close . October 19, 2021. ACTC has given Proterra a pro forma implied equity value of $2.4 billion. Learn More. 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. ACTC stock now has pro format market capitalization of $5.988 billion at today's price of $24.94. Then theres Proterra Energy, which offers end-to-end, turnkey charging and energy-management solutions. 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. Lilium is also in advanced discussions with key infrastructure partners for 10 vertiports to build a network across Europe. Its a story youve probably heard before. JAX - J. Alexander's Holdings, Inc - had a merger. Amyris May be Oversold, but is it Worth Fighting the Shorts? Get daily stock ideas from top-performing Wall Street analysts. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. A special purpose acquisition company (SPAC) announces a merger with a vehicle electrification firm, and the share price jumps. Real World Miles Driven: Proterra has driven over 16mm real world miles, no other competition has driven any. ArcLight Clean Transition Corp., led by Chairman Daniel Revers and President and Chief Executive Officer Jake Erhard, focuses on market leading companies that facilitate the decarbonization of industrial, government and consumer segments, targeting large addressable markets with differentiated technology and sustainable competitive advantages that enable the creation of substantial long-term value for shareholders. Proterra Powered: Delivering industry-leading battery systems and electrification solutions to commercial vehicle manufacturers. Nasdaq Being in the company of SHLL / HYLN, CIIC, and TPGY so far is no small feat! Amyris May be Oversold, but is it Worth Fighting the Shorts? 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). Watch my video first. Mark Hake writes about personal finance on mrhake.medium.com and runs the Total Yield Value Guidewhich you can reviewhere. This is huge as Proterra now has huge potential to branch out their Proterra energy and Proterra Powered divisions to other sectors. Agreed. Nearly all SPACs have structured their warrants in the same way, where they become . ArcLight Clean Transition Corp. does not have significant operations. 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: $24/share. The transaction is about to close. Copyright It has more than 300 megawatt-hours of battery systems, more than 550 heavy-duty electric transit buses, and installed 54 megawatts of charging systems. All data derived from SEC forms and the investor presentation. I recommend you read. Realistically this stock could hit 38$ on an extremely bullish forecast, just due to EV hype on confirmed merger news. Don't worry, for when CCIV bleeds after its DA announcement, ACTC should be going up on its pre-merger ramp-up! 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. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. ACTV has a multiple of 11.7x and 15.5 times (adjusted for present value). 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. Proterra has been in production for ~10 years. Do you think there will be a jump in FIII share price? Here is another analyst finding it undervalued in a similar way on Feb 10th. 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. 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. Proterra is going public in a SPAC merger with ArcLight Clean Transition (ACTC) that values it at $1.6 billion. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. For more information, please feel free to contact any of the attorneys listed below. About Property Solutions Acquisition Corp. Property Solutions Acquisition Corp. is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar . 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. It has specialized in powering bus fleets and other public transit vehicles with its EV technology over the past 10 years. CCIV has sucked the air out of the ACTC hype. The average EV-sales ratio of its peers is 10.3x for 2022. To date, Lilium has secured approximately $200 million of commitments from infrastructure partners, including Ferrovial and Tavistock Development Company. What's Proterra's stock forecast after the ACTC SPAC merger date? Proterra has around $750 million in existing orders and backlog. 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." Could The ArcLight Clean Transition Corp. (NASDAQ:ACTC) Ownership Structure Tell Us Something Useful? Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Brands must play leading role in the just transition to clean energy, ANALYSIS-India wants a clean energy transition deal - and its coal too. Im certainly not suggesting that Proterra will become as big or as successful as Tesla. I can see this having a good run-up to the merger. 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. ArcLight Capital Partners, LLC. Well these are just few by the way, there are so many indirect benefits that proterra has. Meanwhile, at ACTC's current stock price, Proterra is valued at around $4.5 billion. New comments cannot be posted and votes cannot be cast. The merger deal represents an . Thats good news for anyone whos looking for an electric-vehicle SPAC stock that stands apart from the rest. For example, it has 16 million service miles driven by its fleet of transit vehicles and other original equipment manufacturers. TL;DR: Fundamental's alone show this company is already 116.42% undervalued, factor in hype, forward-thinking, IPO, etc. All rights reserved. Export data to Excel for your own analysis. Get short term trading ideas from the MarketBeat Idea Engine. 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. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. IV Low: The lowest IV reading over the past 1-year and date it happened. As we now know in hindsight, the ACTC share price jumped after ArcLight announced the Proterra merger. pic.twitter.com/Lv1Q6zkQwj. Take a . All Rights Reserved. Bear Case: I literally can't think of one aside from the merger falling apart. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/even-after-doubling-in-price-actc-stock-still-looks-good/. Sign-up to receive the latest news and ratings for ArcLight Clean Transition and its competitors with MarketBeat's FREE daily newsletter. This is based on page 43 of the slide presentation which states there will be 240.1 million . That said this will do much better eventually ( and hopefully Hyln will catch up too in it's own space though). The public stockholders of ACTC will own 11.6% of the post-close . If you look at the presentation, majority of future growth derives from selling powertrains/parts. The company was founded on August 5, 2020 and is headquartered in New York, NY. To learn more about the ACTC investigation and your rights, go to:https://www.zlk.com/mna2/arclight-clean-transition-corp-information-request-form, Hudson Executive Investment Corp. (NASDAQ:HEC). Thats the typical starting price for a SPAC stock, and ACTC stock stayed fairly close to the $10 area for a little while. Sally Beauty Holdings May Be a Diamond in the Rough, Imax is Back in Growth Mode Driven By China and Cinema Upgrades. 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. Transaction . Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington D.C. Is ACTC stock still undervalued? The warrants have a strike price of $11.50, which translated into an intrinsic value of $17.50 at the time. The Motley Fool has no position in any of the stocks mentioned. Create an account to follow your favorite communities and start taking part in conversations. *Average returns of all recommendations since inception. Shhhh. INMD - InMode Ltd - had a 2 for 1 forward split. 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. Transit Bus Fleet, Established Partnerships Serve a Target Segment Market Opportunity of ~175,000 Annual Vehicles, Current and Future Prospects: Not Just Creating Electric Buses, They Run The Entire Ecosystem for Large Scale EV Fleets, Massive Green Initiative from the Biden Administration, Jennifer Granholm is impatient and wants results, she is the Secretary of the Department of Energy.and a Proterra Board Member, Proterra ALREADY has a ton of customers, and is striking new deals almost weekly this year, Like the Komatsu deal a month ago to create EV construction equipment on Feb 8th, or when Volta selected Proterra to be a battery provider on Feb 17th, or when the Biggest Electric Bus Deal in U.S. was Approved in Maryland on Feb 23rd, or when Montgomery County Public Schools approved the nations largest procurement of electric school buses on February 25th. Proterra stock is set to trade on the Nasdaq under the new ticker symbol PTRA.. For more information, visit: http://www.proterra.com and follow us on Twitter @Proterra_Inc. LDL - Lydall, Inc - had a merger. A cash and stock merger with the effective date of 10/20/2021. If the post above contributes to the sub in a meaningful way, please upvote this comment! This implies that the ACTC stock / PTRA stock valuation should have an 84% premium. If you prefer you could simply check out their investor presentation. https://www.sec.gov/cgi-bin/browse-edgar?CIK=1820630&owner=exclude. 2-Current revenue generating business . The adjusted (for present value) target value works out to $29.72 per share. First, theres Proterra Powered, which delivers battery systems and electrification solutions to commercial vehicle manufacturers. Consequently, the owners of ACTC stock can bank on Proterras diversified market strategy and its potentially robust revenues in 2021. 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. Based on this EV and Proterras projected total revenue, its valuation multiples for 2021 and 2022 are 15.0x and 8.4x, respectively. I don't have a position, but I'm very confused by the valuation knocks. It will still get there with a bit of time. stock forecast after the ACTC SPAC merger. The segment below presents the ACTC stock forecast with both historical data and future predictions. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. USWS - U.S. Well Services, Inc - had a 2 for 7 reverse split. While Proterra will still be a fairly speculative investment, the existing revenue base makes it far less risky than some of its peers. 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. The company projects to post revenue of $204 million in 2021 and $3.6 billion in 2024. Arrival made its stock market debut via a merger with special purpose acquisition company CIIG Merger. Archer expects to report revenues of $42 million in . Shareholders received $1.0406, 0.0376 shares of AEM, and 0.1598 shares of PAAS for every share of AUY previously held. Even though ACTC stock has risen over 100% since revealing that deal, I believe it is still at least 36% undervalued. Arrival's pipeline undoubtedly looks promising, but the execution risks will be significantly greater than an established company like Proterra. Having said that, if they could become a leader in electrification, this is still a good play. 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. 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. They are No. from 8 AM - 9 PM ET. Proterra Transit: Leading North America as the markets #1 electric transit bus OEM. $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. Your vote determines the fate of this post! 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 . 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 . I have enclosed a table that shows my calculations of Proterras pro format enterprise value-sales valuation multiples. Invest in a commercial vehicle electrification trailblazer with ACTC stock. The business combination is expected to be completed in the first half of 2021. Their customers range from transit authorities, DoT's, airports, schools (high school/college), and cities. ACTC has PIPE backing by the SPAC King, Chamath Palihapitiya. Press J to jump to the feed. Let's find Proterra's value here without the SPAC shenanigans.
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