Proterra (PTRA) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Proterra in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PTRA shares.
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3 analysts have issued 12 month target prices for Proterra's shares. Their PTRA share price forecasts range from $1.80 to $7.00. On average, they predict the company's stock price to reach $4.76 in the next twelve months. This suggests a possible upside of 303.4% from the stock's current price.
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Proterra's stock was trading at $3.77 at the start of the year. Since then, PTRA stock has decreased by 68.7% and is now trading at $1.18.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
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Proterra Inc. (NASDAQ:PTRA) announced its quarterly earnings data on Tuesday, May, 9th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by $0.03. The company had revenue of $79.53 million for the quarter. Proterra had a negative trailing twelve-month return on equity of 52.23% and a negative net margin of 130.74%.

ETFs with the largest weight of Proterra (NASDAQ:PTRA) stock in their portfolio include Nuveen Winslow Large-Cap Growth ESG ETF (NWLG), Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV), SPDR S&P Kensho Smart Mobility ETF (HAIL), SPDR S&P Kensho Intelligent Structures ETF (SIMS), Blue Horizon BNE ETF (BNE), Invesco Global Clean Energy ETF (PBD), ALPS Clean Energy ETF (ACES) and iShares Self-Driving EV and Tech ETF (IDRV).

Proterra issued an update on its FY 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $450.00 million-$500.00 million, compared to the consensus revenue estimate of $468.52 million.

Proterra trades on the NASDAQ under the ticker symbol "PTRA."

Proterra's stock is owned by many different institutional and retail investors. Top institutional investors include Franklin Resources Inc. (13.12%), BlackRock Inc. (6.75%), State Street Corp (2.27%), Geode Capital Management LLC (1.83%), First Trust Advisors LP (0.65%) and CWM LLC (0.49%). Insiders that own company stock include Christopher L Bailey, Gareth T Joyce, Joann Covington, Julian R Soell and Karina F Padilla.
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Shares of PTRA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PTRA stock can currently be purchased for approximately $1.18.

Proterra (NASDAQ:PTRA) has a market capitalization of $267.74 million and generates $309.36 million in revenue each year. The company earns $-237,950,000.00 in net income (profit) each year or ($2.41) on an earnings per share basis.

The company employs 1,247 workers across the globe.

Proterra's mailing address is 200 CLARENDON STREET 55TH FLOOR, BOSTON MA, 02116. The official website for the company is www.proterra.com. The company can be reached via phone at 864-438-0000 or via email at ir@proterra.com.