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Proterra's efficient battery design, platform, and drivetrain systems are key competitive advantages. PTRA's proprietary charging solutions optimize charge time and cost.
Proterra aims to be a leader in the electrification of commercial and municipal vehicles.
These stocks have more upside potential than most other EV companies today.
A year ago, undervalued electric vehicle stocks would have been an oxymoron. The sector was flying high on hope, hype and a ferocious appetite for growth stocks.
Amid multiple signs that the electric-vehicle revolution in the U.S. is accelerating and at a time when the governments in America are going to unleash billions of dollars of funds for EV charging stations, now is a very good time to buy EV charging stocks. U.S. EV sales jumped 60% year over year in the first half of 2022, while Ford's (NYSE: F ) EV sales exploded 307% year and year in August and Tesla's (NASDAQ: TSLA ) U.S. sales jumped 105% YOY last month.
Source: Sergii Chernov / Shutterstock.com Proterra (NASDAQ: PTRA ) stock is jumping on Tuesday after announcing a multi-year deal to supply electric vehicle (EV) batteries for buses. The vehicle electrification technology company signed a deal with ElDorado National for the EV batteries.
Electric vehicle stocks were arguably the most attractive investments during the bull market of 2020. With an incredible outlook ahead for the sector, the surge of their value was justified.
Proterra, Inc. (NASDAQ:PTRA ) Q2 2022 Earnings Conference Call August 2, 2022 5:00 PM ET Company Participants Aaron Chew - Vice President of Investor Relations Gareth Joyce - Chief Executive Officer and Board Member Karina Padilla - Chief Financial Officer Conference Call Participants Steven Fox - Fox Advisors Mike Shlisky - D.A. Davidson Dillon Cumming - Morgan Stanley Operator Ladies and gentlemen, good afternoon.
Proterra Inc. (PTRA) delivered earnings and revenue surprises of -133.33% and 1.19%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Since it went public a year ago, Proterra has decreased by 70% as the market punished management's struggle with supply chain issues. Despite lacking components and a tight labor market, Proterra is transforming into a global-battery producer.