Full Answer
What will Volta stock be called when it debuts?
This is around the same time that other stocks like Bumble will be hitting the market, so it's a good time to stay focused on the exchanges if you want to maximize your returns. When the market debut hits, expect to see Volta trading under the ticker symbol "VLTA" on the NYSE.
How much revenue does Volta (Volta) make?
Volta’s long-term revenue is comprised of three sources: charging network, behavior and commerce, and data and other. In total, Volta estimates it brought in $25 million in revenue in 2020.
Should you invest in Volta’s IPO?
In the Volta IPO investor presentation, the company lists three markets it believes it addresses: vehicle fueling ($500 billion), data ($500 billion) and media ($170 billion). In fact, market opportunity was listed first in Volta’s reasons for why investors should choose them.
What is Volta Inc-Class A's (Vuta) share price potential?
Their forecasts range from $10.00 to $18.00. On average, they expect Volta Inc - Class A's share price to reach $12.50 in the next year. This suggests a possible upside of 134.1% from the stock's current price.
When did Volta Inc go public?
After completing the merger, Volta went public on the New York Stock Exchange on August 27, 2021. By September 2021, the company had installed more than 2,000 charging stations in twenty-three U.S. states.
Is Volta going public?
Volta went public in late August 2021 after successfully completing a SPAC transaction with Tortoise Acquisition Corporation II.
Can I buy Volta stock?
Buy Volta Industries shares from these brokerages Trade stocks in the app or online with $0 commissions.
Should you buy Volta stock?
Despite the dip to $3 now, Volta isn't a stock investors should buy. The market cap is down to $520 million, but the company is burning a ton of money and has consistently missed financial targets. As a SPAC deal, Volta still has a lot of warrants and stock options in play here.
What is the future of Volta stock?
Stock Price Forecast The 7 analysts offering 12-month price forecasts for Volta Inc have a median target of 4.00, with a high estimate of 7.00 and a low estimate of 1.50. The median estimate represents a +155.59% increase from the last price of 1.57.
Will Volta be profitable?
The Service revenues generated positive gross profits of $2.7 million in the quarter for 34% margins. The company had negative gross profit margins last year, so Volta has seen a huge improvement as the media network has started to scale.
What is the stock symbol for 5g Volta?
VLTAVLTA Stock Price | Volta Inc.
Is Volta undervalued?
With the recent dip in its stock price amid concerns around the Fed's tapering plan and the Ukrainian war, Volta (NYSE:NYSE:VLTA) currently seems undervalued with huge growth prospects ahead.
Is EVgo a good investment?
In short, EVgo is progressing well and has immense growth potential, considering the increase in EVs and the rising demand for charging infrastructure. However, the stock is suitable only for investors with a high appetite for risk.
Is Volta a buy right now?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Volta in the last twelve months. There are currently 1 sell rating, 3 hold...
When is Volta's next earnings date?
Volta is scheduled to release its next quarterly earnings announcement on Friday, August 12th 2022. View our earnings forecast for Volta .
How were Volta's earnings last quarter?
Volta Inc. (NYSE:VLTA) posted its earnings results on Friday, May, 13th. The company reported ($0.28) earnings per share for the quarter, missing t...
What guidance has Volta issued on next quarter's earnings?
Volta updated its second quarter 2022 earnings guidance on Friday, May, 20th. The company provided earnings per share (EPS) guidance of for the per...
What price target have analysts set for VLTA?
8 analysts have issued 12 month target prices for Volta's shares. Their forecasts range from $2.00 to $18.00. On average, they anticipate Volta's s...
Who are Volta's key executives?
Volta's management team includes the following people: Mr. Francois P. Chadwick , Chief Financial Officer (Age 49, Pay $812.03k) Mr. Scott Merce...
Who are some of Volta's key competitors?
Some companies that are related to Volta include Polaris (PII) , BRP (DOOO) , ChargePoint (CHPT) , Nabtesco (NCTKF) , Wallbox (WBX) , Blink C...
What is Volta's stock symbol?
Volta trades on the New York Stock Exchange (NYSE) under the ticker symbol "VLTA."
Who are Volta's major shareholders?
Volta's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (2.93%), Handelsb...
What is SPAC in IPO?
Special purpose acquisition companies (SPAC), shell companies that raise funds through an initial public offering (IPO) to take a private company public, have become an immensely popular route to public markets, especially for those looking to avoid regulatory scrutiny and hassles attached to traditional IPOs.
Is Volta listed on the stock exchange?
Volta and Tortoise's combined entity will remain listed on the New York Stock Exchange after the merger, under the new ticker symbol "VLTA". Goldman Sachs & Co LLC is serving as the financial advisor to Volta.
Is Volta going public?
Volta Industries Inc said on Monday it agreed to go public through a merger with blank-check firm Tortoise Acquisition Corp II in a deal that values the electric vehicle (EV) charging station network at over $2 billion.
When will Volta stock go public?
According to the press release, investors can expect the Volta IPO date to be in the second quarter of 2021.
How much is Volta SPAC IPO?
Announced on February 8, 2021, the Volta SPAC IPO values the company at more than $2 billion. The deal is expected to create up to $600 million in proceeds. Tortoise II will put up $345 million in its offering. The remaining amount will come from an upsized private investment in public equity (PIPE) at $10 a share.
What is Volta charging network?
Named after Alessandro Volta, the inventor of the electric battery, Volta is an EV charging network. The company claims its chargers help brands and real estate locations as well as consumers. In addition to offering free charging for EVs, the chargers provide advertising space for businesses. According to Mercer….
How much will Volta make in 2025?
Volta also claims it will have increasing profits. For 2020, estimated gross profit was $8 million. By 2025, Volta forecasts it will have $436 million in profit. For more information on Volta’s financial projections, check out the Volta IPO investor presentation.
How much revenue does Volta have in 2020?
In total, Volta estimates it brought in $25 million in revenue in 2020. And it estimates it will hit $826 million in revenue by 2025. Volta also claims it will have increasing profits.
What is Volta's unique business model?
Volta’s unique business model is poised to capture the vast consumer spending shifts that will accompany our society’s shift from carbon to electric. With the shift to electric mobility, consumers will expect to fuel where they go. Volta will anchor the infrastructure change, transforming fueling locations away from standalone gas stations to high traffic locations in the community where consumers live, work, and play.
Is there a EV bubble in 2020?
There’s a growing EV bubble in the IPO market. 2020 was the year of SPAC IPOs, and their main target was EV startups. The trend continues in 2021, as startup EVgo plans to go public. “SPACs” are special purpose acquisition companies.
Volta goes public! Officially VLTA on the NYSE
Last week Friday was a huge day for Volta, the EV Industry, Blue Startups, & Hawaii Angels as Volta officially went public on the New York Stock Exchange!
Account Executive: NMG Network x VOLTA Hawaii
Send resumes to: [email protected] Visit https://nmgnetwork.com/ for more info on the company
What is the value to sales multiple of Volta?
Volta's 2024 enterprise value-to-sales multiple is 3.4x, whereas ChargePoint and Blink Charging have 2024 enterprise value-to-sales multiples of 9.6x and 17.3x, respectively. In 2021, ChargePoint expects its revenue to grow 51 percent, and Blink Charging foresees its sales surging by 100 percent.
How much money does Volta receive from SNPR?
As part of its merger with SNPR, Volta will receive about $345 million in cash held by SNPR in trust and $300 million in PIPE (private investment in public equity) at $10 per share. BlackRock, Fidelity Management, and Neuberger Berman Funds participated as PIPE investors.
Is Volta a good stock to buy?
Volta stock is a good buy based on its strong growth outlook and attractive valuations. The company’s top line could surge significantly as EV adoption grows. As of 2020, Volta had 1,637 installed EV charging stations. It forecasts this number to increase to 3,142 by the end of 2021 and to more than 26,000 by 2025.
Is Volta stock going to fall?
Immediately after the merger, Volta stock might fall —some investors have moved from growth to reopening and value stocks. Volta stock appears to have a bright future in the medium to long term.
Is Volta stock a leading EV?
No analysts cover Volta stock, but given that it's a leading EV charging network, analysts will likely start tracking it soon. The EV market is still in its early stages, and associated sectors, such as charging networks, have a lot of growth potential. Volta’s strategy is to capitalize on EV trends by placing charging stations in areas where consumers work, live, and shop. Placed at the crossroads of vehicle fueling, data, and media, Volta has a $1 trillion market opportunity.
Is Volta stock undervalued?
Volta expects revenue of $36 million in 2021, foresees its revenue growing 108 percent compounded annually to reach $743 million by 2025. In 2025, the company sees 45 percent of its revenue coming from the charging network, 41 percent from behavior and commerce, and 14 percent from network deployment. That year, Volta forecasts adjusted EBITDA of $250 million and an adjusted EBITDA margin of 34 percent.
When is Volta going public?
According to a press release from Volta, the company will go public sometime in the second quarter. This is around the same time that other stocks like Bumble will be hitting the market, so it's a good time to stay focused on the exchanges if you want to maximize your returns. When the market debut hits, expect to see Volta trading under the ticker symbol "VLTA" on the NYSE.
How much did Volta and Tortoise merge for?
Volta's valuation is in the billions. The merger between Volta and Tortoise went down for $2 billion, including $600 million in cash and $300 million in private investments for a public offering (PIPE) from Blackrock, Fidelity, and Neuberger funds. Tortoise will also give $345 million from the offering.
How much did Volta get in Series D?
Prior to the merger, Volta went through a Series D funding round that brought in $200 million. The current situation is definitely an upgrade.
Is Tortoise a SPAC?
The company, which specializes in charging stations for electric rides, announced on Feb. 8 that it will be merging with the SPAC ( special purpose acquisitions company) Tortoise Acquisition Corp II. Article continues below advertisement. In September 2020, the first Tortoise took a company called Hyliion public.
What has changed since Volta went public?
One thing that has changed since Volta announced its plans to go public is the passage of President Biden’s $1 trillion infrastructure bill. That has money, which the federal government can allocate to states, for building EV charging networks.
How much did Volta raise from Tortoise II?
After redemptions, Volta will raise around $400 million before expenses in the deal, not $645 million.
