Get in touch with us directly. 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. According to data provided by S&P Global Market Intelligence, shares of industrial electric vehicle company Proterra ( PTRA -2.56%) were off by 20.3% as of 11:20 a.m. Friday morning since the. Proterra Price Target and Analyst Ratings 2023 (NASDAQ:PTRA) - MarketBeat 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. View the real-time PTRA price chart on Robinhood and decide if you want to buy or sell commission-free. *Average returns of all recommendations since inception. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. The company hopes the streamlined production will promote operational efficiencies and "improve Proterra's contribution to gross margin by the end of 2023.". Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Proterra issued an update on its FY 2023 earnings guidance on Tuesday, May, 9th. Invest better with The Motley Fool. Proterra has generated ($2.41) earnings per share over the last year ( ($2.41) diluted earnings per share). 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. *Average returns of all recommendations since inception. Create your Watchlist to save your favorite quotes on Nasdaq.com. Proterra had a negative net margin of 130.74% and a negative trailing twelve-month return on equity of 52.23%. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. That won't happen anytime soon, and the stocks are bound to remain volatile, especially around the times operations and financial updates are released. Neha Chamaria has no position in any of the stocks mentioned. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Looking on the brighter side, the stock is. PTRA stock is down 44.4% as of Thursday morning and down 63.1% since the start of the year. Electric Bus Maker Proterra Fixes Debt Issue. As of 3:08 p.m. All of this bad news has PTRA stock seeing heavy trading today as investors sell shares. This suggests a possible upside of 283.6% from the stock's current price. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The Stock Drops. Proterra targets revenue of around $2.5 billion and earnings before interest, taxes, depreciation, and amortization (EBITDA) of $500 million for 2025. 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. High institutional ownership can be a signal of strong market trust in this company. Making the world smarter, happier, and richer. Simply Wall St->. Proterra Stock Sank in the SPAC Selloff. Now the Electric Bus Maker 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Proterra Inc. (PTRA) Stock Price, News, Quote & History - Yahoo Finance 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. The average rating score is and is based on 3 buy ratings, 9 hold ratings, and 1 sell ratings. Overall, the funding should accelerate investment in industrial vehicles that Proterra is aiming to provide drivetrains to. The Real Problem With "Made in America" Lithium (Ad). PTRA Stock Alert: 2 Big Reasons Proterra Is Powering Higher Today $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. While this past week has detracted from the company's one-year return, let's look at the recent trends of the underlying business and see if the gains have been in alignment. CEO Peter Rawlinson said that was due to "extraordinary supply chain and logistics challenges we've encountered and our unrelenting focus on delivering the highest-quality products.". Buy or sell Proterra stock pre IPO via an EquityZen fund | EquityZen The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers). Moreover, Proterra sells electric buses in the U.S. as an OEM. Shares of electric mobility stock Proterra ( PTRA) jumped as much as 23.8% on Monday after Congress passed a $1.2 trillion infrastructure bill. Consumer Discretionary, Automotive, Electric Vehicles. On average, they anticipate the company's share price to reach $4.68 in the next year. Penny Stocks How to Profit Without Getting Scammed, On the date of publication, William White. What Does an Earnings Surprise Mean for American Outdoor Brands? PTRA Stock Alert: Is Proterra on the Brink of Collapse? But that period of sharp growth may soon come to an end if competing products hit the market and develop large customer bases. That amounted to an increase of more than 1,000% year over year. View our PTRA earnings forecast. Proterra Stock (NASDAQ: PTRA) stock price, news, charts, stock research, profile. 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. Proterra (PTRA Stock) Update | Post-Earnings Crash Explained Proterra delivered strong revenue growth and a surprise profit in Q3. 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. This is a long shift, but any nudge in that direction helps Proterra. The company has three manufacturing facilities in the U.S.: Additionally, it announced a new battery factory in South Carolina in December. And the drop has continued into today. Shares of Proterra (PTRA 1.67%), an electric bus maker and electric vehicle (EV) tech company, were plummeting today after the company reported fourth-quarter results that missed both top- and bottom-line consensus estimates. Proterra estimates an addressable global commercial-EV market of more than $260 billion. They're fighting for control of lithium a key ingredient in EVs and clean energy technology. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. In the past three months, Proterra insiders have sold more of their company's stock than they have bought. Want $6,000 in Annual Dividend Income? Proterra ( NASDAQ: PTRA) is one of the EV start-ups that went public during the SPAC boom. The electric-vehicle technology company operates in a hot sector and has avoided head-on. We've detected you are on Internet Explorer. Proterra Inc (PTRA) Stock Price & News - Google Finance Cost basis and return based on previous market day close. 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. One share of PTRA stock can currently be purchased for approximately $1.22. 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. Cost basis and return based on previous market day close. With Proterra's latest results and disappointing guidance, investors may need to see several quarters of strong growth from the company before they regain their optimism. Proterra Inc (PTRA) Latest News & Price | InvestorPlace All this bodes well for Proterra's growth. As a result, Proterra's stock tumbled 47% as of 12:04 p.m. 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. Want $6,000 in Annual Dividend Income? Specifically, they have bought $0.00 in company stock and sold $24,407.00 in company stock. Even though Proterra (NASDAQ:PTRA) has lost US$282m market cap in last Proterra Export data to Excel for your own analysis. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our, UK mortgage rates spike to highest level since Truss tax plan spooked markets, Stock market today: Wall Street follows global shares lower ahead of Fed notes, employment data, Joby Aviation Goes Airborne as News Flow Accelerates, Snowflake Partners with NVIDIA and Microsoft for AI Data Cloud, 3 (AI) Plays That Could Rocket Higher In Q3, EV Makers Deliver BigWhat it Means for Their Stocks, Stock market today: Asia sinks after survey shows China activity weakening. Simply Wall St Simply Wall St Published Nov 25, 2021 08:43AM EST The Proterra Inc. (NASDAQ:PTRA) share price has had a bad week, falling 10%. For the best Barrons.com experience, please update to a modern browser. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 2023 InvestorPlace Media, LLC. Type a symbol or company name. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz- und Cookie-Einstellungen oder Datenschutz-Dashboard klicken. This has it expecting between $450 million and $500 million for 2023. Sign In. Why Proterra Stock Is Plunging Today - MSN The Smart Score is a quantitative, data-driven rating system and does not include human intervention. Rekha Khandelwal has no position in any of the stocks mentioned. made progress last year, just not as much as investors were expecting. 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. 1 Electric Vehicle Stock to Buy Today | The Motley Fool Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The company expects to invest $76 million for the factory, which is expected to become operational in the second half of 2022. Proterra Stock Drops After Earnings. Proterra's 2023 revenue guidance. Proterra Earnings Date and Forecast 2023 (NASDAQ:PTRA) - MarketBeat EV companies are being held back by supply chain challenges. Proterra Greenville Facility Courtesy of Proterra Proterra would seem to have a lot going for it. We aim to bring you long-term focused analysis driven by fundamental data. Read More:Penny Stocks How to Profit Without Getting Scammed. After Lucid gave investors its financial update, shares tanked yesterday. Proterra's stock was trading at $3.77 at the beginning of the year. The firm had revenue of $79.53 million for the quarter. 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. That would see the company missing Wall Streets estimate of $533.8 million for the year. The Motley Fool has no position in any of the stocks mentioned. In the second-quarter report it delivered in August, Proterra announced that revenue from its powered and energy products segment -- which includes battery technology and charging solutions -- soared by 122% year over year to $24 million. While I think the passage of this infrastructure bill is good news, the company has a long road ahead to become profitable. After quite some time Proterra will begin trading under the ticker symbol PTRA. The company says a going concern is its continued survival. Invest better with The Motley Fool. Nasdaq Why EV Stock Proterra Jumped 18% Today | The Motley Fool Proterra stock may not return to price levels seen at the start of 2021 any time soon. Learn More. Invest better with The Motley Fool. That's understandable, given the bold electrification targets set by governments and major automakers worldwide. The company employs 1,247 workers across the globe. But that $8 million was still down from the year-ago period. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. Proterra ( PTRA) stock is falling hard following a warning to investors. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Already a subscriber? The official website for the company is www.proterra.com. 131% Rule Breakers High-growth Stocks Return 245% S&P Return 111% Stocks Growth Stocks Electric transit bus deliveries increased 58% to 52 buses. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Real-time analyst ratings, insider transactions, earnings data, and more. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Why I'm Buying This Growth Stock After 30% Drop! - YouTube Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Proterra grew its revenue by 25% last year. Like Lucid, Proterra didn't give investors the forward guidance they were looking for. Now, a long-delayed EV from the best-known manufacturer in the space is going into production, and Proterra is about to face major competition in its fastest-growing business segment. Proterra Earnings Fall Short. - Proterra Stock (PTRA) - YouTube In this video we are analysing #Proterra & it's recent sell off.I have bought more stock in the. Electric-vehicle (EV) companies have lately captivated investors' attention. The company was founded in 2004 and is headquartered in Burlingame, California. 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. 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. 2 Electric Vehicle Stocks That Are Too Cheap to Ignore, Their CEO Came From Tesla. But to truly gain insight, we need to consider other information, too. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand thatInvestorPlace.comswriters disclose this fact and warn readers of the risks. However, if you can reasonably expect profits in the next few years, this stock might belong on your watchlist. If you are thinking of buying or selling Proterra stock, you should check out this FREE detailed report on its balance sheet. While that only represented about one-third of its total revenue for the period, that segment was the fastest-growing portion of the business. Get the latest Proterra Inc. (PTRA) stock news and headlines to help you in your trading and investing decisions. We have a whole fleet to change.". Shares of PTRA stock can be purchased through any online brokerage account. 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. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings. Proterra isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. Lucid reported its first quarter of meaningful revenue, but it slashed its production outlook by up to 40% for the full year 2022. Proterra (NASDAQ:PTRA) stock is a hot topic among traders on Thursday after warning investors about the state of its business. Invest better with The Motley Fool. Not a strong start, giving up the pre-market gains while maintaining ACTC's last day of bloodbath. 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. Earnings for Proterra are expected to grow in the coming year, from ($0.87) to ($0.34) per share. Proterra Inc (PTRA) Stock Price Today, Quote, Latest Discussions That was also a 21% rise compared to the previous quarter. Proterra is also ramping up battery production, and it just announced an order from Lightning eMotors to supply battery systems for 10,000 electric commercial vehicles between 2022 and 2025. Why Proterra Stock Jumped 23.8% on Monday | The Motley Fool Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. This could be a huge boost for Proterra, which is a leader in EV bus manufacturing. Also not helping matters is the companys revenue guidance from its latest earnings report. 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, A battery-production facility and a bus-manufacturing facility in City of Industry, California, A battery-production facility in Burlingame, California, A bus-manufacturing facility in Greenville, South Carolina. Long term, I think Proterra has a chance to be disruptive in the industrial transportation market. 2 Electric Vehicle Stocks That Are Too Cheap to Ignore, Their CEO Came From Tesla. . We've identified 1 warning sign with Proterra , and understanding them should be part of your investment process. Proterra Price Target and Analyst Ratings 2023 (NASDAQ:PTRA) NASDAQ:PTRA Proterra (PTRA) Price Target & Analyst Ratings $1.08 -0.01 (-0.46%) (As of 11:28 AM ET) Compare Today's Range $1.05 $1.11 50-Day Range $1.00 $1.48 52-Week Range $0.91 $7.71 Volume 680,386 shs Average Volume 2.33 million shs Market Capitalization $243.92 million P/E Ratio Proterra's Road To Profitability Won't Be Easy - Seeking Alpha 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 . The company delivered battery systems for almost 350 heavy-duty electric vehicles in the second quarter. Battery system deliveries were up 144% to 78 vehicle sets. 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. The Motley Fool has a disclosure policy. 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. (844) 978-6257. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Seeing this gets me exited. But. It's only now starting to get. 326 E 8th St #105, Sioux Falls, SD 57103 PTRA News Today | Why did Proterra stock go down today? It's reporting season for companies in the electric vehicle (EV) sector, and investors are reacting strongly to the results. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Proterra will likely be a long-term growth story, suitable only for patient investors. In the second quarter of 2021, it reported a $189 million loss, and it could be years from profitability. In that time, it is up 15%, which isn't bad, but is below the market return of 27%. The Motley Fool recommends BorgWarner and Cummins. To make the world smarter, happier, and richer. 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. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Only 3.80% of the stock of Proterra is held by insiders. This news came during a conference call covering Proterras latest earnings. 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. The first customer to receive them will be PepsiCo, and there will likely be a large number of other major companies purchasing the vehicles. Invest $64,200 in These 3 High-Yield Stocks. How were Proterra's earnings last quarter? Our daily ratings and market update email newsletter. The Motley Fool has a disclosure policy. View which stocks are hot on social media with MarketBeat's trending stocks report. The Motley Fool has a disclosure policy. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. Learn More. The company issued revenue guidance of $450.00 million-$500.00 million, compared to the consensus revenue estimate of $468.52 million. Gareth Joyce, CEO of Proterra, gave a grim update to traders during the companys latest conference call. The infrastructure bill provides a $5 billion investment for electric buses. 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, Copyright, Trademark and Patent Information. This article by Simply Wall St is general in nature. According to analysts' consensus price target of $4.68, Proterra has a forecasted upside of 283.6% from its current price of $1.22. Get the latest Proterra Inc (PTRA) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. Electric bus maker Proterra made progress last year, just not as much as investors were expecting. What's up with the stock down 9%? Can't find any news. : Proterra We will like Proterra better if we see some big insider buys. Tesla Production Cranks Into High Gear, Shares Follow, Citigroup Trims Proterra (NASDAQ:PTRA) Target Price to $1.40, Proterra (NASDAQ:PTRA) & Malacca Straits Acquisition (NASDAQ:MLAC) Financial Contrast, The $193 Billion US-China War You Don't Know About, Proterra Announces Appointment of Jeffrey Embt as Chief Accounting Officer, Proterra: Attractive Price With Potential Margin Expansion, With 55% ownership of the shares, Proterra Inc. (NASDAQ:PTRA) is heavily dominated by institutional owners, Truist Securities Maintains Proterra (PTRA) Buy Recommendation, Jack Allen to Retire as Proterra Board Chairman at the Annual Meeting of Stockholders; Roger Nielsen Appointed as Successor, Proterra (PTRA) Gets a Sell from Bank of America Securities, Proterra Releases First Quarter 2023 Financial Results, Proterra Announces Appointment of David Black as Chief Financial Officer, Proterra Announces Date and Conference Call Details for First Quarter 2023 Financial Results, Proterra launches cloud-based EV fleet charging software platform with Delaware Transit Corporation, Proterra Finalizes Agreement with Cowen Convertible Note Holders, Proterra Congratulates LG Energy Solution on Announcement of Arizona Battery Manufacturing Complex, Proterra Reaches Binding Letter of Intent with Cowen Convertible Note Holders. It got an astonishing $4 billion leveraging its leading EV bus market position in the USA and expansion . Based on that, its current stock price implies a price-to-forward sales ratio of roughly 0.8 times, which looks reasonable.