$PTRA – Proterra is the number one EV/Infrastructure Play and here’s why
As many of you know, Proterra is an EV Bus and tech company with a c suite that includes the likes of vets from Tesla, Navistar, Mercedes, and many more.
This team of highly capable individuals have lead the company and its 17 years of experience in developing huge partnerships with companies such as Volta, Daimler, LG, and many other bus and transit manufacturers.
While outperforming rivals such as $ARVL and $LEV, Proterra is still trading near NAV with a 2.25b market cap posing it as what I believe is a steal of a price.
The float is also favorable as it is currently limited to around 47 million given 54% of the float is currently locked for sponsors.
Even more interesting is this recent DD from u/repos39:
In this DD, he discusses some funny business with its FTDs. This is speculative but very interesting nonetheless and I’d am very interested to see how it affects stock price movement in the days to come
From a charting perspective, $PTRA is currently trading in a bilateral wedge and finished strong on todays red market with and EMA cross on the hourly chart seen here:
This is a company that has everything going for it, I am holding shares as of now.
Infrastructure bill has PTRA written all over it
Best of luck, happy trading!
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September 28, 2021 at 02:30PM