Proterra PTRA (1D) Mid Term Plan - LongHi Traders,
This is just my Idea about very potential company for next 5-10 years. (If electromobility can win th battle against hydrogen, than this is one of TESLA competitors.)
Consider your RRR Strategy + Fundaments (Entire market could get into Bear market as well).
Buy zone right now is around 10-7 USD ... Sell zones are marked for partial take profit.
Always look for RSI and MACD Convergencies / DIvergencie - in this ase at least 1D/1W timeframe.
Good luck and enjoy the game ;)
PTRA
PTRA struggling to trade past 10.50 Proterra is a fast growing EV bus business that should keep revenue increasing for many years.The company, while young, seems to already be having a real impact, and their business model is solid.What is attracting many investors is the enormous size of the target addressable markets. For Proterra Powered the TAM is ~225 billion, and for Proterra Energy it is estimated at 37 billion. The markets are large enough to allow for a significant growth runway. With the infrastructure bill still as a looming catalyst, I expect PTRA to make a significant move higher before years end. We are currently seeing resistance around that $10.50 level, once we get the infrastructure bill passed which would allocate over 7B to EV busses we should see PTRA break that resistance level and shoot higher.
PTRA - Proterra - Long Term Hodl Key risks:
- Product quality issues, returns, complaints
- Not achieving revenue growth targets (60+ % CAGR until 2025)
- Decrease in projected long term margins
- New players entering the market
- Supply chain issue and commodity risks
- Underutilization of government funds
- Management fail - execution risk
Key strengths:
- Developed and tested products
- Produced in the USA
- First-mover advantage
- Popular mission - green energy
- Experienced management
- Great reputation, connection with key players in the auto / trucking industries (Daimler, etc).
- Secured battery cells supply produced in the USA for the next 5-10 years
- Low valuation levels
- Explosive industry growth
Single biggest advantage:
- Not rolling busses down the hill
Single biggest threat:
- Quality issues destroying the long-term value of the business.
** looking closely at customer feedback.
Disclaimer: holding a long position of 1100 common equity shares @ 13.20; not a financial advisor
PTRA $25 Price TargetPTRA
Current Price $17.10 Price Target $25
Just this week Proterra and Miami-Dade agreed to install one of the largest fleet charging systems in the U.S. with 75 Proterra chargers across three bus routes. Miami-Dade's purchase of 42 Proterra electric transit buses brings its fleet to 75 Proterra buses With 19 megawatt-hours of battery storage capacity, the project demonstrates Proterra's ability to offer full fleet electrification technology solutions to commercial vehicle customers. This deal also shows Proterra’s competitive edge in EV bus market that should attract a large amount of government investment over the upcoming months and years. A big catalyst for PTRA is the infrastructure bill which saw some positive developments last week as the Biden administration and moderate senators are close to a deal. This deal would allocate $7.5b to EV public transport, given PTRA is the clear leader in this sector PTRA would benefit greatly from this deal.