What is Proterra’s business model?
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 one of the best electric vehicle stocks to buy?
Proterra (PTRA) vs. Its Competitors Head-To-Head Contrast Proterra (PTRA) vs. The Competition Financial Comparison Is Now the Time to Buy Electric Vehicle Stocks? - The Motley Fool Their CEO Came From Tesla. Now It's One of the Best EV Stocks - Nasdaq
Where can I find Proterra's unaudited fourth quarter financial results?
BURLINGAME, Calif., March 01, 2022 (GLOBE NEWSWIRE) -- Proterra Inc (NASDAQ: PTRA) today released its unaudited fourth quarter and full year 2021 financial results by posting them to its Investor Relations website. Please visit the Proterra Investor Relations website at ir. proterra.
Who is the new director of Proterra Inc?
BURLINGAME, Calif., Feb. 23, 2022 (GLOBE NEWSWIRE) -- Proterra Inc (NASDAQ: PTRA), a leading innovator in commercial vehicle electrification technology, today announced the appointment of Roger Nielsen to the company’s board of directors effective March 2, 2022.
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Is Proterra a good buy?
- Hold. Zacks' proprietary data indicates that Proterra Inc. is currently rated as a Zacks Rank 3 and we are expecting an inline return from the PTRA shares relative to the market in the next few months.
Why is XL Fleet stock down?
XL – A hybrid electric solutions provider for the commercial and public EV market, the shares of XL Fleet (XL) have lost momentum amid current uncertainties related to the EV industry.
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.
Is XL fleet a good stock to buy?
Out of 2 analysts, 0 (0%) are recommending XL as a Strong Buy, 0 (0%) are recommending XL as a Buy, 2 (100%) are recommending XL as a Hold, 0 (0%) are recommending XL as a Sell, and 0 (0%) are recommending XL as a Strong Sell.
Will XL stock go up?
For the upcoming trading day on Friday 17th we expect XL Fleet Corp. to open at $1.22, and during day (based on 14 day Average True Range), to move between $1.07 and $1.33, which gives a possible trading interval of +/-$0.13 (+/-10.48%) up or down from last closing price.
Is XL Fleet undervalued?
XL Fleet Corp owns a latest Real Value of $11.12 per share. The recent price of the company is $1.39. Today, the company appears to be undervalued....USD 1.39 0.17 10.90%LowerMiddle BandUpper1.101.311.53
What happened to Proterra?
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 profitable?
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.
What is the future of XL Fleet?
XL Fleet Corp. shares have decreased 36% YTD. 2021 revenues decreased 23.3% YoY. 2021 loss from operations increased 285% YoY. These suboptimal results indicate that the company faces significant financial and operational challenges in 2022.
Who is shorting XL Fleet?
As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of XL Fleet: Jane Street Group LLC, Group One Trading L.P., Concourse Financial Group Securities Inc., Simplex Trading LLC, and IMC Chicago LLC.
Who owns XL Fleet?
Jon Ledecky Jon founded U.S. Office Products in 1994 and by 1997 the Company had become the fastest entrant in the history of the Fortune 500 with annualized sales of nearly $4 billion.
NASDAQ: PTRA
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Proterra's growth so far
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.
Proterra targets a huge market
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.
Should you buy Proterra stock now?
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.)
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When is Proterra conference call 2021?
A conference call will be held at 2:00pm Pacific Daylight Time on Wednesday, August 11, 2021 to review financial results. A live audio webcast of the conference call will be available on Proterra’s Investor Relations website at ir.proterra.com. About ProterraProterra is a leader in t. GlobeNewswire • 20 days ago.
Is Proterra extending the redemption date?
BURLINGAME, Calif., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Proterra Inc (Nasdaq: PTRA) (“Proterra” or the “Company”), a leading innovator in commercial vehicle electrification technology, today announced that it is extending the redemption date of its public warrants (the “Public Warrants”) and private placement warrants (the “Private Placement Warrants” and, together with the Public Warrants, the “Warrants”) until 5:00 p.m. New York City time on October 29, 2021 (the “New Redemption Date”) to allow
What Does Proterra Do?
The story continues to be significant investments to expand capacity with a focus on battery, vehicle, and software development. While the company remains unprofitable, management notes this was the sixth consecutive quarter generating a positive gross margin which reached 2.2% and is expected to climb going forward. The adjusted EBITDA loss of -$21 million compares to -$15 million in Q2 2020.
How much revenue does Proterra have in 2020?
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. Within the earnings press release, the major message from the company is that the outlook as it relates to the North American electric transit bus market has "never been stronger".
How many charging ports does Proterra have?
Since 2016, Proterra has installed a cumulative of more than 55 MW at over 450 charge ports, gaining expertise in the unique challenges to commercial fleet charging infrastructure. Compared to passenger vehicle charge ports, bus and commercial fleet depots may typically store hundreds of vehicles requiring up to twice the charging power per unit. Commercial vehicles also require an exceptional level of uptime for consistent daily operation. The opportunity here for Proterra is that the charging solutions for commercial vehicles remain an underserved market considering 1.4 million vehicles in the U.S. that in the future may be replaced with EVs.
How many MWh of batteries does Proterra produce?
On that point, Proterra produced 41 MWh of batteries in Q2 for both its Transit segment and third-party sales. The actual lithium cylindrical cells are manufactured in the U.S. by "LG Energy Solution" while Proterra uses its own proprietary technology for assembly into vehicle application systems. Proterra expects to extend a supply agreement for battery cells through 2028 with a deal to be finalized by Q4.
What is Proterra Transit?
With Proterra Transit, the company has a +50% share of the North American electric bus market with over 600 of the company's vehicles on the road, operated high-profile customers between major-city public transit agencies, airports, universities, and other commuter transport operators.
How much will the transit industry make in 2025?
Management believes they can reach $2.5 billion in revenue by 2025 which considers about $800 million from the transit segment delivering about 1,000 buses that year at an average price of $725k. While the transit segment currently represents 77% of total sales, the powered & energy segments are expected to become the main revenue drivers and reach $1.8 billion by 2025. Here the company expects to deliver between 20k and 25k powered vehicle sets between the battery and drivetrain solutions for customers, while the energy group considers that 25% to 30% of transit and powered customers also purchase charging solutions.
Where are Proterra buses made?
The company currently has the capacity to produce approximately 680 buses annually with a manufacturing facility in Los Angeles, California, and Greenville, South Carolina. In June, the company announced a deal with Miami-Dade County in Florida for 42 ZX5+ electric transit buses, along with a battery storage system and 75 chargers across 3 bus depots. Proterra referred to the contract as a "landmark project" representing a blueprint for other cities to follow.
