China owns 80% of global supply. The Motley Fool owns and recommends BYD. Copyright Do Not Sell My Personal Information (CA Residents Only). Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Rekha Khandelwal has no position in any of the stocks mentioned. Proterra estimates that there are more than 25,000 such buses in operation currently, which present a significant growth opportunity for electric-bus manufacturers. Not a strong start, giving up the pre-market gains while maintaining ACTC's last day of bloodbath. However, if you can reasonably expect profits in the next few years, this stock might belong on your watchlist. In that time, it is up 15%, which isn't bad, but is below the market return of 27%. The Proterra stock analysis is based on the TipRanks Smart Score which is derived from 8 unique data sets including Analyst recommendations, Crowd Wisdom, Hedge Fund Activity, Media Sentiment and multiple Technical stock factors. As AI and other digital tools change our lives, Wall Street has taken notice of this powerful sector set to double its production share by 2025. Proterra has received a consensus rating of Moderate Buy. Proterra ( PTRA -15.3%) is the leading decliner in the electric vehicle sector and trades at its lowest level since going public. Create your Watchlist to save your favorite quotes on Nasdaq.com. Proterra Greenville Facility Courtesy of Proterra Proterra would seem to have a lot going for it. View the real-time PTRA price chart on Robinhood and decide if you want to buy or sell commission-free. Proterra trades on the NASDAQ under the ticker symbol "PTRA.". Real-time analyst ratings, insider transactions, earnings data, and more. ET So what Proterra reported revenue of $80 million in the fourth quarter, which was up 17% from the year-ago quarter but missed analysts . For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. May 10, 2023|markets.businessinsider.com, Receive PTRA Stock News and Ratings via Email. The company provides battery systems to commercial-vehicle original-equipment manufacturers (OEMs), including makers of delivery trucks, buses, and other commercial vehicles. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Making the world smarter, happier, and richer. Sign In. Proterra delivered strong revenue growth and a surprise profit in Q3. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. I find it very interesting to look at share price over the long term as a proxy for business performance. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges. Just before markets closed last week, it was announced that Proterra had been selected by the Los Angeles Department of Transportation (LADOT) to install an EV . Proterra has generated ($2.41) earnings per share over the last year ( ($2.41) diluted earnings per share). Making the world smarter, happier, and richer. Invest $64,200 in These 3 High-Yield Stocks. Investors weren't impressed with the company's latest financial results and they didn't appear enthusiastic about Proterra's outlook either. Proterra reported revenue of $80 million in the fourth quarter, which was up 17% from the year-ago quarter but missed analysts' consensus estimate of $86.8 million. The company has a robust order backlog for both its buses and battery systems. Get the latest Proterra Inc. (PTRA) stock news and headlines to help you in your trading and investing decisions. Investors seemed surprised that XL Fleet had significantly more cash than the whole company had been valued. Their PTRA share price forecasts range from $1.40 to $7.00. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. Type a symbol or company name. Proterra's stock was trading at $3.77 at the beginning of the year. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Now It's One of the Best EV Stocks, 3 Leading Electric Vehicle Stocks to Buy in 2021 and Beyond, 1 Stock-Split Stock to Buy Hand Over Fist in July and 1 to Avoid Like the Plague, 3 No-Brainer Stocks to Buy With $100 Right Now. It operates through Proterra Powered and Energy and Proterra Transit business units. Sign-up to receive the latest news and ratings for Proterra and its competitors with MarketBeat's FREE daily newsletter. Making the world smarter, happier, and richer. When a company doesn't make profits, we'd generally expect to see good revenue growth. And the drop has continued into today. The company says a going concern is its continued survival. But to truly gain insight, we need to consider other information, too. Simply Wall St for Want $6,000 in Annual Dividend Income? The Motley Fool recommends BorgWarner and Cummins. Bus fleets in the state of California, as well as in some cities, including New York City, Chicago, and Seattle, are required to convert fully to zero-emissions by 2040. As of 3:08 p.m. list of growing companies with considerable, recent, insider buying. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. Because the company has no debt and $727 million in cash and securities as of the end of the third quarter, investors see a lot of promise in Proterra stock. Only 3.80% of the stock of Proterra is held by insiders. The company said production challenges due to these issues were likely to continue for several more quarters. It's only now starting to get. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Cost basis and return based on previous market day close. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com, 5 Artificial Intelligence Stocks to Buy Before They Skyrocket. PTRA stock investors are fleeing shares of the company. The company builds electric buses, and also provides battery technology, drive trains, and charging solutions for heavy-duty commercial vehicles. The company said in prepared remarks that total operating expenses increased 40% in the fourth quarter to $53.3 million, but it also highlighted the fact that electric bus production will be consolidated at the company's Greenville, South Carolina, facility by the start of the second quarter and battery production from another facility will be consolidated by the end of the third quarter. Proterra (PTRA) stock is a hot topic among traders on Thursday after warning investors about the state of its business in a conference call. The Motley Fool has a disclosure policy. This is a long shift, but any nudge in that direction helps Proterra. View the best growth stocks for 2023 here. What is Proterra's stock price forecast for 2023? Invest better with The Motley Fool. That won't happen anytime soon, and the stocks are bound to remain volatile, especially around the times operations and financial updates are released. Why Shares of Lucid Are Driving Higher Today, Why Rivian, Fisker, and Lucid Stocks Powered Higher Today, 1 Stock-Split Stock to Buy Hand Over Fist in July and 1 to Avoid Like the Plague, 3 No-Brainer Stocks to Buy With $100 Right Now. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. *Average returns of all recommendations since inception. Proterra doesn't just manufacture EV battery systems for commercial vehicles, but it also builds electric transit buses and charging solutions and software. did not hold (either directly or indirectly) any positions in the securities mentioned in this article. PTRA Stock: What's Happening. This suggests a possible upside of 283.6% from the stock's current price. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. made progress last year, just not as much as investors were expecting. The Electric Bus Maker Has Cash Issues. Performance Outlook Short Term 2W - 6W Mid Term 6W - 9M Long Term 9M+ Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when. Howard Smith owns Lucid Group, Inc., Proterra Inc., and XL Fleet Corp. *Average returns of all recommendations since inception. During the earnings call, Joyce said that a going concern for the company is the continued survival of its business. The firm had revenue of $79.53 million for the quarter. It's sold more than 700 buses so far. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. The company delivered battery systems for almost 350 heavy-duty electric vehicles in the second quarter. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? Battery system deliveries were up 144% to 78 vehicle sets. Here's a look at why the company's stock fell last year and what can be expected in the coming year and beyond. Specifically, they have bought $0.00 in company stock and sold $24,407.00 in company stock. Why Clean Energy Stocks Cratered This Week, These 3 Renewable Energy Stocks Should Benefit From a New Infrastructure Bill, These 3 Renewable Energy Stocks Are Too Cheap to Ignore, 1 Stock-Split Stock to Buy Hand Over Fist in July and 1 to Avoid Like the Plague, 3 No-Brainer Stocks to Buy With $100 Right Now. All rights reserved. The exceptional rise in the stock's price at that time came more from a broader euphoria for EV stocks than from Proterra's business fundamentals. Worries about what that will mean for the company helped drag Proterra stock down by about 9% this week as of early Friday, according to data provided by S&P Global Market Intelligence. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The company provided earnings per share (EPS) guidance of for the period. Overall, the electric commercial-vehicles market is intensely competitive. Electric bus maker Proterra made progress last year, just not as much as investors were expecting. All rights reserved. See Robinhood Financial's fee schedule at rbnhd.co/fees to learn more. 2 Electric Vehicle Stocks That Are Too Cheap to Ignore, Their CEO Came From Tesla. View which stocks are hot on social media with MarketBeat's trending stocks report. Cost basis and return based on previous market day close. Proterra (PTRA) Stock Forecast, Price & News $1.20 +0.04 (+3.45%) (As of 06/29/2023 ET) Compare Today's Range $1.16 $1.24 50-Day Range $1.00 $1.48 52-Week Range $0.91 $7.71 Volume 1.18 million shs Average Volume 2.32 million shs Market Capitalization $272.28 million P/E Ratio N/A Dividend Yield N/A Price Target $4.76 Electric-vehicle (EV) companies have lately captivated investors' attention. The company has three manufacturing facilities in the U.S.: Additionally, it announced a new battery factory in South Carolina in December. Invest better with The Motley Fool. To make the world smarter, happier, and richer. $633M About Proterra Stock Proterra is a leader in the design and manufacture of zero-emission, heavy-duty electric vehicles, enabling bus fleet operators to significantly reduce operating costs while delivering clean, quiet transportation to local communities across North America. Proterra faces a new headwind in its fastest-growing business segment. We help you make informed decisions by giving you access to institutional quality data and analysis presented visually. 326 E 8th St #105, Sioux Falls, SD 57103 It's reporting season for companies in the electric vehicle (EV) sector, and investors are reacting strongly to the results. Like Lucid, Proterra didn't give investors the forward guidance they were looking for. The Motley Fool has a disclosure policy. This could be a huge boost for Proterra, which is a leader in EV bus manufacturing. On Penny Stocks and Low-Volume Stocks:With only the rarest exceptions,InvestorPlacedoes not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. Proterra had a negative net margin of 130.74% and a negative trailing twelve-month return on equity of 52.23%. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Proterra Export data to Excel for your own analysis. The infrastructure bill provides a $5 billion investment for electric buses. Why I'm Buying This Growth Stock After 30% Drop! While we wait, check out this free list of growing companies with considerable, recent, insider buying. Shares of Lucid and Proterra had dropped as much as 5.6% and 16% . Nasdaq Learn More. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The jump in XL stock was as much a result of how far the stock had fallen as what came from its fourth-quarter and full-year report. Proterra ( NASDAQ: PTRA) is one of the EV start-ups that went public during the SPAC boom. The company's Proterra Powered & Energy business unit offers battery systems and electrification solutions for commercial vehicle original equipment manufacturer (OEM) customers serving delivery trucks, school buses, coach buses, construction and mining equipment, and other applications; and turnkey fleet-scale, high-power charging solutions and software services, ranging from fleet and energy management software-as-a-service to fleet planning, hardware, infrastructure, installation, utility engagement, and charging optimization. It's arguably the most important commodity of the 21st century. Want $6,000 in Annual Dividend Income? To make the world smarter, happier, and richer. Consider for instance, the ever-present spectre of investment risk. Like Lucid, Proterra didn't give investors the forward guidance they were looking for. EV companies are being held back by supply chain challenges. Proterra is bullish about 2022, and perhaps the biggest reason why the stock shot up today is the company's prospects now that a $1.2 trillion infrastructure bill is about to be signed into law. Each of these companies is seeing growth hindered due to supply chain issues. The share price gain of 15% in that time is better than nothing, but far from outlandish Its possible that shareholders had expected higher growth. 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.). Not an offer or recommendation by Stocktwits. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. 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. The Motley Fool has no position in any of the stocks mentioned. The company says a going concern is its continued survival. If You'd Invested $1,000 In Tesla In 2013, This Is How Much You Would Have Today, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. Simply Wall St->. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Invest $64,200 in These 3 High-Yield Stocks. Electric vehicle (EV) stock Proterra (PTRA 1.67%) zoomed higher on Thursday morning, surging 17.8% as of 1:30 p.m. EST as the market reacted to a surprise profit from the commercial EV powertrain company and a big contract it just won. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Learn More. As the bill includes $7.5 million spending on zero- and- low-emission buses, Proterra believes its heavy-duty battery technology and expertise in electric transit buses should see greater demand under the Biden administration. American Consumer News, LLC dba MarketBeat 2010-2023. Proterra Stock (NASDAQ: PTRA) stock price, news, charts, stock research, profile. You can read up on all of these matters at the following links! 58.00% of the stock of Proterra is held by institutions. According to Joyce, there is substantial doubt about our ability to continue, from both Proterras leadership team as well as its auditors. Shares of electric mobility stock Proterra (PTRA 1.67%) jumped as much as 23.8% on Monday after Congress passed a $1.2 trillion infrastructure bill. Get short term trading ideas from the MarketBeat Idea Engine. Please log in to your account or sign up in order to add this asset to your watchlist. But the stock will likely be volatile until industry adopts electrification. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. Moreover, Proterra sells electric buses in the U.S. as an OEM. We've identified 1 warning sign with Proterra , and understanding them should be part of your investment process. Electric vehicle (EV) stock Proterra ( PTRA) zoomed higher on Thursday morning, surging 17.8% as of 1:30 p.m. EST as the market reacted to a surprise profit from the commercial EV powertrain . Proterra shipped battery systems for 348 vehicles in the third quarter, a jump of more than 1,000% compared to the year-ago quarter. Proterra (NASDAQ:PTRA) has a market capitalization of $276.82 million and generates $330.31 million in revenue each year. In-depth profiles and analysis for 20,000 public companies. Seeking Alpha author WideAlpha thinks Proterra is a notable. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. But late last week, Tesla informed the world that it's just weeks away from the real-world debut of its electric heavy semi truck. But. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Shares of Lucid and Proterra had dropped as much as 5.6% and 16%, respectively, earlier Wednesday. Goldman Adds Southwest Airlines To "Conviction" List, Value Play? Proterra has a P/B Ratio of 0.54. These symbols will be available throughout the site during your session. Neha Chamaria has no position in any of the stocks mentioned. But that period of sharp growth may soon come to an end if competing products hit the market and develop large customer bases. & girls being one who's long on PTRA (duh), has had a Proterra toy bus on my desk for 3+ years, and regularly rides their transit . Making the world smarter, happier, and richer. On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The business had revenue of $79.53 million for the quarter. Understanding RSI: A Powerful Momentum Indicator for Stock Analysis. On average, they anticipate the company's share price to reach $4.68 in the next year. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz- und Cookie-Einstellungen oder Datenschutz-Dashboard klicken. These companies all still need to prove they can grow into a profitable business. Invest better with The Motley Fool. Electric bus maker Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. If buses become more economical, we could see trucks and construction equipment electrify as well. The company also has a strong backlog, thanks to recent orders including 42 buses from Miami-Dade Transit and 26 buses from Austin Capital Metro. Electrification of buses and other commercial vehicles is key to achieve emission-reduction objectives. Alternatively, email editorial-team (at) simplywallst.com. The Proterra Inc. (NASDAQ:PTRA) share price has had a bad week, falling 10%. All of this bad news has PTRA stock seeing heavy trading today as investors sell shares. Proterra Stock Drops After Earnings. You have already added five stocks to your watchlist. The reported ($0.29) EPS for the quarter, missing analysts' consensus estimates of ($0.26) by $0.03. But with a one-time gain related to changes in warrant liabilities, Proterra ended the third quarter with a surprise profit. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. The METRO Board of Directors is pleased with the accomplishment of the route, but are not satisfied with replacing just two buses that run its routes with eco-friendly machinery from local manufacturer Proterra. The company can be reached via phone at 864-438-0000 or via email at ir@proterra.com. Proterra (NASDAQ:PTRA) stock is a hot topic among traders on Thursday after warning investors about the state of its business. Shares of PTRA stock can be purchased through any online brokerage account. And the drop has continued into today. Gareth Joyce, CEO of Proterra, gave a grim update to traders during the companys latest conference call. While electric cars get the most attention, there are other key transport segments that are moving toward electrification. We respect that sort of growth, no doubt. The bipartisan infrastructure law provides a $5 billion investment for low- or zero-emission buses. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. As a result, Proterra's stock tumbled 47% as of 12:04 p.m. Its Proterra Transit business unit designs, develops, manufactures, and sells electric transit buses as an OEM for North American public transit agencies, airports, universities, and other commercial transit fleets. After such a strong quarter, investors may have expected Proterra to upgrade its outlook, but that's not the case -- the company still expects to generate $246 million in revenue as supply chain headwinds are hurting deliveries. MULN Stock Alert: Mullen Says Its on Track for Randy Marion Deliveries, SNAP Stock Pops Amid Potential U.S. TikTok Ban, Why Microsoft Stock Is a No-Brainer Buy if Shares Fall Further, Louis Navellier and the InvestorPlace Research Staff, 3 EV Stocks That Could Crash and Burn Like Lordstown Motors, MULN Stock Keeps Falling After Russell Gave Mullen the Boot. The Motley Fool has no position in any of the stocks mentioned. Proterra does not currently pay a dividend. A few examples include why shares of Virgin Galactic(NYSE:SPCE), Mullen Automotive(NASDAQ:MULN) and Snap(NYSE:SNAP) stock are on the move today. Proterra has delivered more than 700 electric buses so far. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Shares closed the day up 17.1%, and investors seem . Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Cost basis and return based on previous market day close. The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers). Already a subscriber? To make the world smarter, happier, and richer. Theres even more stock market news traders need to know about below! Proterra ( PTRA) stock is falling hard following a warning to investors. According to analysts' consensus price target of $4.68, Proterra has a forecasted upside of 283.6% from its current price of $1.22. Things arent looking good for Proterra based on managements recent comments. 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.
Brasserie Henri Parking,
1400 Business Center Dr, San Leandro, Ca 94577,
Which Is Another Name For Federal And State Laws?,
Articles W
