Why is Proterra stock soaring with electric buses?
Electric buses are getting a big financial boost from the infrastructure bill. Proterra has plenty to celebrate as good news from both its local government and Capitol Hill sends PTRA stock soaring to start the week. The post PTRA Stock Alert: 2 Big Reasons Proterra Is Powering Hi...
What does Proterra do for a living?
Proterra, Inc. engages in the design and manufacture of zero-emission electric transit vehicles. The firm is focused on providing end-to-end solutions that enable commercial vehicle electrification, with its electric vehicle technology. Its business lines include Proterra Powered, Proterra Transit, and Proterra Energy.
What's happening with ChargePoint stock?
Even after a big down month in December, when the stock dropped about 25%, shares in ChargePoint continue to fall. As of Friday-morning trading, the stock has had another bad week, with shares down over 14% according to data provided by S&P Global Market Intelligence.
Why is PTRA stock down?
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.
Is PTRA stock a good buy?
Proterra Inc (NASDAQ:PTRA) The 6 analysts offering 12-month price forecasts for Proterra Inc have a median target of 7.25, with a high estimate of 10.00 and a low estimate of 5.00. The median estimate represents a +56.59% increase from the last price of 4.63.
Is Proterra a good buy?
Based on that, its current stock price implies a price-to-forward sales ratio of roughly 0.8 times, which looks reasonable. The company has a robust order backlog for both its buses and battery systems. Proterra stock may not return to price levels seen at the start of 2021 any time soon.
Why is Proterra dropping?
Analysts were projecting a $23 million loss. Higher costs and supply chain disruptions were blamed for the weaker than expected results. Looking ahead, Proterra expects to generate about $313 million in 2022 sales. Wall Street was projecting almost $405 million in 2022 sales.
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 Lion Electric a good investment?
Lion Electric Co's trailing 12-month revenue is $74.1 million with a -33.9% profit margin. Year-over-year quarterly sales growth most recently was 264.5%. Analysts expect adjusted earnings to reach $-0.153 per share for the current fiscal year.
How do I invest in Proterra?
How to buy shares in ProterraCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. ... Research the stock. ... Purchase now or later. ... Check in on your investment.
How do I buy stock in arrivals?
How to buy shares in ArrivalChoose a platform. If you're a beginner, our share-dealing table below can help you choose.Open your account. ... Confirm your payment details. ... Search the platform for stock code: ARVL in this case.Research Arrival shares. ... Buy your Arrival shares.
Should I buy or sell Proterra stock right now?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Proterra in the last year. There are currently 1 sell rating, 2 hold ratin...
What is Proterra's stock price forecast for 2022?
4 brokers have issued twelve-month price objectives for Proterra's shares. Their forecasts range from $5.00 to $10.00. On average, they anticipate...
How has Proterra's stock price performed in 2022?
Proterra's stock was trading at $8.83 at the start of the year. Since then, PTRA shares have decreased by 33.6% and is now trading at $5.86. View...
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) posted its earnings results on Wednesday, May, 4th. The company reported ($0.43) EPS for the quarter, missing analysts'...
What guidance has Proterra issued on next quarter's earnings?
Proterra issued an update on its FY 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share (EPS) guidance of for the p...
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 Nikola (NKLA) , Fisker (FSR) , Brilliance China Automotive (BCAUY) , Federal Signal (FSS) ,...
What is Proterra's stock symbol?
Proterra trades on the NASDAQ under the ticker symbol "PTRA."
What is the name of the company that is investigating possible breaches of fiduciary duty?
Is Proterra a publicly traded company?
NEW YORK, Jan. 12, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of ArcLight Clean Transition Corp. ("ACTC"...
Is Proterra going public?
Electric bus and battery maker Proterra Inc. begins its life as a publicly traded company Wednesday, ringing the bell on the Nasdaq as it collects a $640 million payout from its special purpose acquisit...
Investors are no longer patient with early-growth tech companies, especially in the electric vehicle sector
Proterra, a $3.8 billion commercial EV maker, has announced its intention to go public through a SPAC merger with ArcLight Clean Transition Corp. (ACTC). The post Consider Taking a Bite Out of This Tran...
Key Points
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years.
What happened
Hopes for growing future recurring revenue are being overshadowed by the macroeconomic environment.
So what
EV charging network company ChargePoint Holdings ( NYSE:CHPT) has pretty much fallen out of favor with investors. Even after a big down month in December, when the stock dropped about 25%, shares in ChargePoint continue to fall.
Now what
ChargePoint is a leading EV charging company in North America and is expanding in Europe. It has become one of the few EV companies going public through SPAC mergers to follow up with increasing revenue projections. The company has raised its calendar year 2021 annual revenue guidance in each of the past two quarterly reports.