Value-Invest

PTRA struggling to trade past 10.50

Long
NASDAQ:PTRA   Proterra Inc.
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.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.