Will Proterra’s stock price gain 4 days in a row?
The Proterra Inc. stock price gained 0.33% on the last trading day (Thursday, 23rd Dec 2021), rising from $8.97 to $9.00. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days.
What is Proterra powered?
The Proterra Powered business unit designs, develops, manufactures, sells, and integrates battery systems and electrification solutions into vehicles for commercial vehicle OEM customers serving delivery trucks, school buses, coach buses, construction and mining equipment, and other applications.
What are analysts'price targets for Proterra's stock?
4 equities research analysts have issued twelve-month price objectives for Proterra's shares. Their forecasts range from $11.00 to $16.00. On average, they expect Proterra's stock price to reach $14.00 in the next year. This suggests a possible upside of 61.7% from the stock's current price.
What percentage of Proterra is insider?
Currently 5.532% of Proterra shares are held by insiders and 35.337% by institutions. How many people work for Proterra? Latest data suggests 816 work at Proterra.
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Can I invest in Proterra?
Invest in Proterra Inc. on Stash. Proterra is a leader in the design and manufacture of zero-emission electric transit vehicles and EV technology solutions for commercial applications. , you can buy Proterra Inc. stock in any dollar amount, or any other fund or stock you know on Stash.
Is Proterra a public company?
California-based Proterra, which went public in June 2021 after merging with special purpose acquisition company (SPAC) ArcLight Clean Transition Corp., focuses on EV technology for commercial vehicles.
Is Proterra a profitable company?
Proterra's latest earnings report was released on November 10th and revealed a positive net income of $36.3 million for the third quarter with revenues growing 30% year-over-year.
Why is Proterra stock so low?
Proterra (ticker: PTRA) has one big problem: It merged with a SPAC in mid-June in order to go public, and has seen its share price tumble as investors sold off SPACs at the end of the year. Proterra dropped 21% last month, hitting a 52-week low on Dec. 20. The shares now trade below their $10 price at the SPAC merger.
What is wrong with Proterra?
South Carolina-made Proterra buses were failing on steep hills in Duluth. The buses have experienced cracked chassis that forced Philadelphia's transit agency to mothball their share of Proterras, although both the manufacturer and the Duluth Transit Agency say the cracks are cosmetic.
Is Proterra a good company?
Is Proterra a good company to work for? Proterra has an overall rating of 3.7 out of 5, based on over 94 reviews left anonymously by employees. 56% of employees would recommend working at Proterra to a friend and 53% have a positive outlook for the business. This rating has improved by 10% over the last 12 months.
Is Proterra undervalued?
(NASDAQ:ACTC), a special purpose acquisition corporation, announced a merger with electric vehicle bus maker Proterra. Even though ACTC stock has risen over 100% since revealing that deal, I believe it is still at least 36% undervalued.
Who invested in Proterra?
– Proterra, a leading innovator in heavy-duty electric transportation, today announced a $200 million investment led by Cowen Sustainable Advisors LLC (“CSI”), along with supporting investments from Soros Fund Management, Generation Investment Management, and Broadscale Group.
How many buses have Proterra sold?
With more than 10 years of experience delivering heavy-duty electric transit vehicles, Proterra has sold 1,300+ buses to 135+ transit agencies across 43 U.S. states and Canadian provinces.
Will Proterra go up?
Proterra Inc quote is equal to 6.560 USD at 2022-05-31. Based on our forecasts, a long-term increase is expected, the "PTRA" stock price prognosis for 2027-05-26 is 19.305 USD. With a 5-year investment, the revenue is expected to be around +194.28%. Your current $100 investment may be up to $294.28 in 2027.
What is a SPAC stock?
Special Purpose Acquisition Companies or SPACs are non-operating publicly-listed companies whose purpose is to identify and purchase a private company, allowing the acquisition target to have publicly listed stock. SPACs are also known as blank check companies.
Where is Proterra based?
Burlingame, CaliforniaProterra is an American automotive and energy storage company based in Burlingame, California. The company designs and manufactures electric transit buses and electric charging systems.
Is Proterra a buy right now?
3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Proterra in the last twelve months. There are currently 1 sell ra...
When is Proterra's next earnings date?
Proterra is scheduled to release its next quarterly earnings announcement on Wednesday, August 10th 2022. View our earnings forecast for Proterra .
How were Proterra's earnings last quarter?
Proterra Inc. (NASDAQ:PTRA) issued its earnings results on Wednesday, May, 4th. The company reported ($0.43) earnings per share for the quarter, mi...
What guidance has Proterra issued on next quarter's earnings?
Proterra updated its FY 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share (EPS) guidance of for the period. The c...
What price target have analysts set for PTRA?
3 analysts have issued 12-month price targets for Proterra's shares. Their forecasts range from $5.00 to $10.00. On average, they expect Proterra's...
Who are Proterra's key executives?
Proterra's management team includes the following people: Mr. Gareth T. Joyce , Pres, CEO & Director (Age 49, Pay $510.48k) Mr. Christopher L. B...
Who are some of Proterra's key competitors?
Some companies that are related to Proterra include Fisker (FSR) , Nikola (NKLA) , Brilliance China Automotive (BCAUY) , Federal Signal (FSS) ,...
What is Proterra's stock symbol?
Proterra trades on the NASDAQ under the ticker symbol "PTRA."
Who are Proterra's major shareholders?
Proterra's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.61%), Wins...
NASDAQ: PTRA
Proterra's growth so far
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Proterra targets a huge market
California-based Proterra, which went public in June 2021 after merging with special purpose acquisition company ( SPAC) ArcLight Clean Transition Corp., focuses on EV technology for commercial vehicles.
Should you buy Proterra stock now?
Electrification of buses and other commercial vehicles is key to achieve emission-reduction objectives. The bipartisan infrastructure law provides a $5 billion investment for low- or zero-emission buses. Proterra estimates an addressable global commercial-EV market of more than $260 billion.
Premium Investing Services
Proterra's biggest challenge probably comes from the various big players operating in the commercial-EV space. In the electric-bus segment, the company competes with leading players including NFI Group, Gillig Corporation, Nova Bus Company, and BYD (which, for example, has delivered more than 50,000 electric buses so far.)
3.1 Analyst's Opinion
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Is Proterra a buy right now?
Proterra has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.
Are investors shorting Proterra?
4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Proterra in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Proterra stock.
When is Proterra's next earnings date?
Proterra saw a decrease in short interest in the month of January. As of January 31st, there was short interest totaling 6,950,000 shares, a decrease of 26.1% from the January 15th total of 9,410,000 shares. Based on an average daily trading volume, of 2,800,000 shares, the days-to-cover ratio is presently 2.5 days.
How can I listen to Proterra's earnings call?
Proterra is scheduled to release its next quarterly earnings announcement on Tuesday, March 1st 2022. View our earnings forecast for Proterra.
How were Proterra's earnings last quarter?
Proterra will be holding an earnings conference call on Tuesday, March 1st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.
What guidance has Proterra issued on next quarter's earnings?
Proterra Inc. (NASDAQ:PTRA) released its quarterly earnings results on Wednesday, November, 10th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.17) by $0.25. The company earned $61.94 million during the quarter. View Proterra's earnings history.
How to buy shares in Proterra
Proterra updated its FY 2021 earnings guidance on Wednesday, December, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $246 million-$246 million, compared to the consensus revenue estimate of $244.06 million.
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Proterra share dividends
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Proterra overview
We're not expecting Proterra to pay a dividend over the next 12 months.
Signals & Forecast
Proterra Inc. develops and produces commercial electric vehicles. It operates in three business units: Proterra Powered, Proterra Energy, and Proterra Transit.
Support, Risk & Stop-loss
The Proterra Inc. stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock.
Is Proterra Inc. stock A Buy?
On the downside, the stock finds support just below today's level from accumulated volume at $8.01 and $7.59. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Proterra Inc. finds support just below today's level at $8.01.
Insiders are very positive buying more shares than they are selling in Proterra Inc
Proterra Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Golden Star Signal
In the last 90 trades there were 50.18 million shares bought and 413.79 thousand shares sold. The last trade was done 71 days ago by Joyce Gareth T who sold 20.95 thousand shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside.
Top Fintech Company
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Summary
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
What Does Proterra Do?
Proterra is a leading manufacturer of electric transit buses with integrated technology and energy solutions.
PTRA Management Guidance
Proterra reported its Q2 result on August 11th with a record quarterly revenue of $59 million, up 39% year-over-year. The story continues to be significant investments to expand capacity with a focus on battery, vehicle, and software development.
Is Proterra Stock Overvalued?
Proterra expects to reach $246 million in total revenue this year, representing a 25% increase from 2020. Management is also guiding for the gross margin to remain positive.
Is PTRA Stock A Buy, Sell, Or Hold?
The numbers we are looking at suggest a compelling current valuation considering the company's current market cap of $2.25 billion, or 1.6 billion in enterprise value including the $760 million in net cash on the balance sheet. PTRA is effectively trading at a 6.5x multiple on its enterprise value to 2021 revenues or 9x at the equity value.
