Volta Inc. operates a network of smart media-enabled charging stations for electric vehicles in the United States. As of June 30, 2021, it installed approximately 1,900 chargers across 26 territories and states. Volta Inc. was founded in 2010 and is headquartered in San Francisco, California.
IPO Year: 2020
Exchange: NYSE
Website: voltacharging.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/15/2022 | Outperform → Mkt Perform | Raymond James | |
| 10/20/2022 | $7.00 → $2.00 | Buy | Needham |
| 8/9/2022 | $5.50 → $2.50 | Buy → Neutral | ROTH Capital |
| 8/5/2022 | $2.00 | Equal Weight | Barclays |
| 6/13/2022 | $6.00 → $4.00 | Overweight → Neutral | Cantor Fitzgerald |
| 4/20/2022 | $3.00 → $2.00 | Neutral → Sell | Goldman |
| 3/28/2022 | $10.00 → $3.00 | Buy → Hold | Canaccord Genuity |
| 3/28/2022 | $13.00 → $5.00 | Buy → Neutral | DA Davidson |
| 2/1/2022 | $10.00 | Buy | Canaccord Genuity |
| 12/16/2021 | $10.00 | Neutral | Goldman Sachs |
4 - Volta Inc. (0001819584) (Issuer)
4 - Volta Inc. (0001819584) (Issuer)
4 - Volta Inc. (0001819584) (Issuer)
4 - Volta Inc. (0001819584) (Issuer)
4 - Volta Inc. (0001819584) (Issuer)
4 - Volta Inc. (0001819584) (Issuer)
4 - Volta Inc. (0001819584) (Issuer)
4 - Volta Inc. (0001819584) (Issuer)
4 - Volta Inc. (0001819584) (Issuer)
4 - Volta Inc. (0001819584) (Issuer)
15-12G - Volta Inc. (0001819584) (Filer)
EFFECT - Volta Inc. (0001819584) (Filer)
EFFECT - Volta Inc. (0001819584) (Filer)
S-8 POS - Volta Inc. (0001819584) (Filer)
POS AM - Volta Inc. (0001819584) (Filer)
POS AM - Volta Inc. (0001819584) (Filer)
8-K - Volta Inc. (0001819584) (Filer)
25-NSE - Volta Inc. (0001819584) (Subject)
8-K - Volta Inc. (0001819584) (Filer)
DEFA14A - Volta Inc. (0001819584) (Filer)
SC 13D/A - Volta Inc. (0001819584) (Subject)
SC 13G - Volta Inc. (0001819584) (Subject)
SC 13D/A - Volta Inc. (0001819584) (Subject)
SC 13D/A - Volta Inc. (0001819584) (Subject)
SC 13D/A - Volta Inc. (0001819584) (Subject)
SC 13D/A - Volta Inc. (0001819584) (Subject)
SC 13D/A - Volta Inc. (0001819584) (Subject)
SC 13D/A - Volta Inc. (0001819584) (Subject)
SC 13D - Volta Inc. (0001819584) (Subject)
SC 13G/A - Volta Inc. (0001819584) (Subject)
Raymond James downgraded Volta from Outperform to Mkt Perform
Needham reiterated coverage of Volta with a rating of Buy and set a new price target of $2.00 from $7.00 previously
ROTH Capital downgraded Volta from Buy to Neutral and set a new price target of $2.50 from $5.50 previously
Barclays initiated coverage of Volta with a rating of Equal Weight and set a new price target of $2.00
Cantor Fitzgerald downgraded Volta from Overweight to Neutral and set a new price target of $4.00 from $6.00 previously
Goldman downgraded Volta from Neutral to Sell and set a new price target of $2.00 from $3.00 previously
Canaccord Genuity downgraded Volta from Buy to Hold and set a new price target of $3.00 from $10.00 previously
DA Davidson downgraded Volta from Buy to Neutral and set a new price target of $5.00 from $13.00 previously
Canaccord Genuity initiated coverage of Volta with a rating of Buy and set a new price target of $10.00
Goldman Sachs initiated coverage of Volta with a rating of Neutral and set a new price target of $10.00
Michelle Kley Joins Volta from Virgin Galactic and Will Serve as Volta's Chief Legal Officer William Cooper Joins Volta from Sidley Austin LLP and Will Serve as Volta's Deputy General Counsel Volta Inc. (NYSE:VLTA), an industry-leading electric vehicle ("EV") charging network powering vehicles and commerce, today announced that its Board of Directors has further strengthened the company's Executive Team with the appointment of Michelle Kley as Executive Vice President, Chief Legal Officer, and Corporate Secretary, effective July 20, 2022, and William (Bill) Cooper as Senior Vice President, Deputy General Counsel, and Assistant Secretary, effective on or before July 18, 2022. This press re
Visionary Innovator and EV Engineer to Advance Volta's Technology Leadership and Global Charging Capabilities Volta Inc. (NYSE:VLTA) an industry-leading electric vehicle ("EV") charging network powering vehicles and commerce, today announced that its Board of Directors has appointed Yifan Tang, an innovative engineering executive who has helped lead the development and commercialization of EV technologies, as Chief Technology Officer. Tang will report directly to Vince Cubbage, Interim Chief Executive Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220627005230/en/Volta Inc. Appoints Yifan Tang as Chief Technology Office
Volta Inc. (NYSE:VLTA) (the "Company") announced today that its Board of Directors appointed Brandt Hastings, Chief Revenue Officer at Volta, as interim Chief Executive Officer, effective immediately. Brandt will also retain his title as Volta's CRO. This appointment follows Scott Mercer's decision to step down as Chairman and CEO of Volta last month. The Board has commenced a formal search for a permanent CEO. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220415005225/en/Volta Inc. Appoints Brandt Hastings Interim CEO (Photo: Business Wire) Hastings is a revenue executive with two decades of experience building innovative busin
Founder and CEO Scott Mercer to Step Down Following Transition Period Independent Directors Kathy Savitt and Vince Cubbage Named Co-Chairs of the Board Volta Inc. (NYSE:VLTA) announced today that Founder Scott Mercer has resigned as Chief Executive Officer. He will continue in that role for a transitional period and will serve as an advisor to the Board through March 31, 2023 and assist the Board in a search for a new CEO. Scott Mercer is also resigning from the Board, effective immediately. The Board has appointed independent directors Vince Cubbage and Kathy Savitt as the Board's Co-Chairs, and is committed to keeping the CEO and Board Chair roles separate going forward. Co-Founder and
Baker will help catalyze Volta's behavior-based EV charging and digital media dual approach to drive successful business outcomes for partners Volta, Inc. (NYSE:VLTA), the industry leader in commerce and people-centric electric vehicle ("EV") charging, today announced the appointment of Rick Baker as its Senior Vice President of Charging Solutions. Baker will lead the Charging Solutions organization responsible for growing Volta's partnerships with commercial properties and retail locations. He will work in tandem with the Volta Media™ Network team to ensure all clients and partners can leverage Volta's full suite of solutions to capture the greatest economic upside for their core busines
Volta Inc. ("Volta"), the industry leader in commerce-centric electric vehicle ("EV") charging, today announced the appointment of Katherine Bailon as its Head of Investor Relations. Following the company's listing on the New York Stock Exchange earlier this year, Bailon's joining reinforces Volta's strong commitment to its shareholders and investors. In her role, Bailon will be responsible for building and cultivating relationships with key shareholders, investors, and analysts and communicating Volta's business goals and performance as well as its long-term strategy. "I am thrilled to join Volta and look forward to shepherding our company message out into the investment community," said
Third quarter revenue increased 69% year-over-year to $14.4 million Record media revenue of $12.2 million, an increase of 9% quarter-over-quarter and 66% year-over-year Volta's network of installed charging stalls was 3,093 as of September 30, 2022, adding 173 charging stalls, up 6% quarter-over-quarter and up 45% year-over-year Volta Media™ Network surpassed 5,700 screens and one billion monthly media impressions; new advertisers included Google, Neiman Marcus, FIJI Water, Peacock, and Capital One; repeat advertisers included Jeep, Target, Disney, Bank of America, and Coca-Cola Volta reduced run-rate cash SG&A by 43%, which included a 54% reduction of U.S. full-time headcount Vo
Volta Inc. ("Volta" or "the Company") (NYSE:VLTA) today announced that the Company will host its third quarter 2022 earnings conference call on Monday, November 14, 2022, at 5:00 p.m. (Eastern Time). Interested investors and other parties can listen to the live conference call webcast by logging onto the Investor Relations section of the Company's website at https://investors.voltacharging.com. The conference call can be accessed live over the phone by dialing + 1-888-999-6281 (domestic) or + 1-848-280-6550 (international). A telephonic replay will be available approximately two hours after the call by dialing +1-844-512-2921 or, for international callers, +1-412-317-6671. The PIN for the
Second Quarter Revenue increased 83% Quarter-over-Quarter and 121% Year-over-Year to $15.3 million Media Revenue increased 83% Quarter-over-Quarter and 73% Year-over-Year to $11.2 million Volta added a record 372 charging stalls in the quarter Volta's installed base of Total Installed Charging Stalls was 2,920 as of June 30, 2022, up 15% Quarter-over-Quarter and up 48% Year-over-Year Announced EV charging blueprint for urban markets starting with Hoboken, New Jersey; Secured a dual charging and media agreement with The Kroger Co.; Added new media brand partners Michelin, Genesis, United Airlines, Lyft, Bank of America, and Hewlett-Packard to the platform; Additional campaigns for K
Volta Inc. ("Volta" or "the Company") (NYSE:VLTA), today announced that the Company will release its second quarter 2022 results after market close on Thursday, August 11, 2022, to be followed by a conference call at 6:00 p.m. (Eastern Time) on the same day. Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the Company's website at https://investors.voltacharging.com . The conference call can be accessed live over the phone by dialing + 1-877-423-9813 (domestic) or + 1-201-689-8573 (international). A telephonic replay will be available approximately two hours after the call by dialing +1-844-512-292
First Quarter Revenue Increased 77% Year-Over-Year to $8.4 million Media (Behavior and Commerce) Revenue Increased 73% Year-over-Year to $6.1 million 39% Year-Over-Year Growth in Total Installed Stalls – 2,548 as of March 31, 2022 Added New Media Brand partners Showtime, Zoom, Bank of the West and T-Mobile to the platform; additional campaigns for PepsiCo, Disney, Aetna, and Sephora Volta Inc. (NYSE:VLTA, VLTA WS))) ("Volta" or the "Company"), an industry-leading electric vehicle ("EV") charging network powering vehicles and commerce, today announced financial results for its fiscal first quarter ended March 31, 2022. "We made continued progress against our strategy with total r
Volta Inc. ("Volta" or "the Company") (NYSE:VLTA), today announced that the Company will release its first quarter 2022 results prior to market open on Friday, May 13, 2022, to be followed by a conference call at 8:00 a.m. (Eastern Time) on the same day. Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the Company's website at https://investors.voltacharging.com. The conference call can be accessed live over the phone by dialing +1-844-825-9789 (domestic) or +1-412-317-5180 (international). A telephonic replay will be available approximately three hours after the call by dialing +1-844-512-2921, or
– Fourth Quarter Revenue Increased 45% Year-Over-Year to $12.1 Million – Annual Revenue Increased 66% Year-Over-Year to $32.3 Million – 44% Year-Over-Year Growth in Total Installed Stalls – 2,330 as of December 31, 2021 Volta Inc. (NYSE:VLTA, VLTA WS))) ("Volta" or the "Company"), an industry-leading electric vehicle ("EV") charging network powering vehicles and commerce, today announced financial results for its fourth quarter and full fiscal year ended December 31, 2021. "2021 was a transformative year for both the company and the industry," said Francois Chadwick, CFO of Volta. "We continue to see significant growth in the market, and we are well-positioned to take advantage of this ac
- Company Expects to Report Fourth Quarter and Full Year 2021 Revenue of approximately $12 Million and $32 Million, respectively - - Expects First Quarter 2022 Revenue to Range from $8 million to $8.5 Million - - Provides Full Year 2022 Revenue Outlook of $70 million to $80 Million - - Expects Form 10-K Filing to be Delayed - Volta Inc. ("Volta" or the "Company") (NYSE:VLTA), an industry leading global EV charging network, powering vehicles and commerce, today announced preliminary revenues of approximately $12 million for its fourth quarter 2021, up 45% year-over-year, and revenues of $32 million for the full year ended December 31, 2021, up 66% year-over-year. Total stalls connected a
Volta Inc. ("Volta" or "the Company") (NYSE:VLTA), today announced that it will be rescheduling its fourth quarter and year end 2021 conference call once it completes the necessary review of its financial results. Today, the Company will file an amendment to its quarterly report on form 10-Q for the quarter ended September 30, 2021. About Volta Inc. Volta Inc. (NYSE:VLTA) is an industry leader in commerce-centric EV charging networks. Volta Charging's vision is to build EV charging networks that capitalize on and catalyze the shift from combustion-powered miles to electric miles by placing stations where consumers live, work, shop and play. By leveraging a data-driven understanding of dri
Volta Inc. ("Volta" or "the Company") (NYSE:VLTA), today announced that the Company will release its fourth quarter and full year 2021 results after market close on Monday, March 21, 2022, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the Company's website at https://investors.voltacharging.com. The conference call can be accessed live over the phone by dialing +1-877-423-9813 (domestic) or + 1-201-689-8573 (international). A telephonic replay will be available approximately three hours after the call by dialing +1-
Alliance Resource Partners, L.P. (NASDAQ:ARLP) today announced that Steven Schnitzer will join ARLP as Senior Vice President, General Counsel and Secretary of Alliance Resource Management GP, LLC, the general partner of ARLP, on March 1, 2024 to lead ARLP's legal activities. "Mr. Schnitzer is well-known to ARLP and several members of our management team," said Joseph W. Craft III, Chairman, President and Chief Executive Officer. "Steven was involved in 1996 in the leveraged buy-out of MAPCO Coal, Inc. (now ARLP) and thereafter regularly represented ARLP and our affiliates in a wide array of M&A, corporate finance, joint venture and other matters until 2014 when he left private practice to
Volta Inc. (NYSE:VLTA) ("Volta") today announced that at a special meeting of Volta stockholders held earlier today, stockholders of Volta approved the proposal to adopt the agreement and plan of merger dated as of January 17, 2023 (the "merger agreement"), under which Shell USA Inc., a subsidiary of Shell plc (NYSE:SHEL), has agreed to acquire Volta through a merger of a direct, wholly-owned subsidiary of Shell USA Inc. with and into Volta, with Volta continuing as the surviving corporation in the merger. At the special meeting, holders of a majority of the shares of Volta Class A common stock issued and outstanding at the close of business on the record date and entitled to vote at the s
New capability analyzes the travel patterns of residents of disadvantaged communities to identify charger locations that will maximize convenience and utilization Volta Inc. (NYSE:VLTA) ("Volta"), an industry-leading electric vehicle (EV) charging and media company, today announced that its infrastructure planning solution, PredictEV®, now offers state and local governments data-driven insight into the travel patterns of disadvantaged community (DAC) residents to identify EV charger locations that will maximize convenience and utilization with more precision. The new feature further ensures infrastructure funds are efficiently and effectively spent as governments develop competitive applic
Data-driven plan positions Irving for future grant opportunities, including the Bipartisan Infrastructure Law's Discretionary Grant Program for community charging PredictEV utilized to identify EV charging needs in disadvantaged communities to align city's plan with the federal government's Justice40 initiative Volta Inc. (NYSE:VLTA) ("Volta"), an industry-leading electric vehicle (EV) charging and media company, today announced it will utilize its proprietary infrastructure planning service, PredictEV®, to conduct a robust EV charging needs assessment with the City of Irving, Texas. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home
Membership Furthers Volta's Leadership Role in the Decarbonization of Digital Media Volta Inc. (NYSE:VLTA) ("Volta"), an industry-leading electric vehicle (EV) charging and media company, today announced it will join Ad Net Zero as a founding partner for the organization's new USA chapter. As the only digital out-of-home (DOOH) media network to become a member, Volta's support demonstrates the company's continued role in decarbonizing media at a time when the need for advertising leaders to curb emissions while driving sales has never been more pronounced. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230207005942/en/Volta Join
Shell to Acquire Volta in All-Cash Transaction Valuing Volta at Approximately $169 Million Volta Inc. (NYSE:VLTA) today announced the execution of a definitive merger agreement under which Shell USA Inc., a subsidiary of Shell plc (NYSE:SHEL), will acquire Volta in an all-cash transaction valued at approximately $169 million. The transaction brings Volta's powerful dual charging and media network to Shell's established brand and seeks to unlock robust, long-term growth opportunities in electric vehicle ("EV") charging. Under the terms of the merger agreement, Shell USA Inc. will acquire all outstanding shares of Class A common stock of Volta at $0.86 per share in cash upon completion of t
Volta Inc. (NYSE:VLTA, VLTA WS))) ("Volta'' or the "Company"), an industry-leading electric vehicle ("EV") charging and media company, today announced that it received notice from the New York Stock Exchange (the "NYSE") that the Company's Class A Common Stock is not in compliance with the NYSE's continued listing standard because the average closing price was less than $1.00 over a consecutive 30 trading-day period. The notice does not result in the immediate delisting of the Company's Class A Common Stock from the NYSE. The Company plans to notify the NYSE by December 8, 2022, that it intends to cure the stock price deficiency and regain compliance with the NYSE continued listing require
Grant tied to the development and commercialization of advanced technology for more affordable and efficient EV chargers to support the rapid transition to EVs Volta's PredictEV® infrastructure planning tool and other proprietary software will optimize charging site selection, vehicle-grid interaction, and driver interface Volta Inc. (NYSE:VLTA) ("Volta"), an industry-leading electric vehicle (EV) charging and media company, today announced that a project application it collaborated on with Imagen Energy, LLC ("Imagen"), a developer of compact high-power EV chargers, was awarded a grant from the U.S. Department of Energy Advanced Research Projects Agency-Energy (ARPA-E). The project seeks
Third quarter revenue increased 69% year-over-year to $14.4 million Record media revenue of $12.2 million, an increase of 9% quarter-over-quarter and 66% year-over-year Volta's network of installed charging stalls was 3,093 as of September 30, 2022, adding 173 charging stalls, up 6% quarter-over-quarter and up 45% year-over-year Volta Media™ Network surpassed 5,700 screens and one billion monthly media impressions; new advertisers included Google, Neiman Marcus, FIJI Water, Peacock, and Capital One; repeat advertisers included Jeep, Target, Disney, Bank of America, and Coca-Cola Volta reduced run-rate cash SG&A by 43%, which included a 54% reduction of U.S. full-time headcount Vo
People interested in buying an EV are most concentrated in urban areas, regardless of state's political leaning, highlighting the criticality of solving community charging for continued EV adoption Volta Inc. (NYSE:VLTA) ("Volta"), an industry-leading electric vehicle ("EV") charging and media company, today announced the findings of its second annual Climate Conscious Consumer study, which tracks how our climate influences consumer spending, what environmentally-conscious consumers desire from advertisers, and how drivers are thinking about EVs. The study is based on responses from 997 Americans representative of the U.S. adult population gathered in September 2022 by F'inn, a leading ind
Shell USA, Inc., a subsidiary of Shell plc, has completed the previously announced acquisition of Volta Inc. (Volta) in an all-cash transaction valued at approximately USD $169 million. With this acquisition, Shell now owns and operates one of the largest public electric vehicle (EV) charging networks in the U.S. The closing of the transaction occurred after receiving various regulatory clearances and approval from Volta's stockholders. Volta provides Shell with an existing public charging network of over 3,000 charge points at destination sites (shopping centers, grocery stores, pharmacies, etc.) across 31 U.S. states and territories, a development pipeline of more than 3,400 additional ch
Volta Inc. (NYSE:VLTA) ("Volta") today announced that at a special meeting of Volta stockholders held earlier today, stockholders of Volta approved the proposal to adopt the agreement and plan of merger dated as of January 17, 2023 (the "merger agreement"), under which Shell USA Inc., a subsidiary of Shell plc (NYSE:SHEL), has agreed to acquire Volta through a merger of a direct, wholly-owned subsidiary of Shell USA Inc. with and into Volta, with Volta continuing as the surviving corporation in the merger. At the special meeting, holders of a majority of the shares of Volta Class A common stock issued and outstanding at the close of business on the record date and entitled to vote at the sp
Volta Inc. (NYSE:VLTA) ("Volta"), an industry-leading electric vehicle (EV) charging and media company, today announced that its infrastructure planning solution, PredictEV®, now offers state and local governments data-driven insight into the travel patterns of disadvantaged community (DAC) residents to identify EV charger locations that will maximize convenience and utilization with more precision. The new feature further ensures infrastructure funds are efficiently and effectively spent as governments develop competitive applications for the Charging and Fueling Infrastructure Discretionary Grant Program that uphold the federal government's Justice40 goal.
https://www.wsj.com/articles/travelcenters-of-america-to-add-ev-fast-charger-stations-11675024422?mod=hp_lista_pos3
Gainers Ontrak, Inc. (NASDAQ:OTRK) shares jumped 101.7% to $1.1599 after the company announced new data that shows a reduction in depression and axiety symptoms for Ontrak Health's Wholehealth+ program members. Aceragen Inc. (NASDAQ:ACGN) shares gained 61.3% to $11.65. TC Biopharm (Holdings) Plc (NASDAQ:TCBP) gained 44% to $7.07 after the company on Tuesday announced a strategic collaboration to advance gamma-delta T cells in oncology. Energy Vault Holdings, Inc. (NYSE:NRGV) shares gained 42.4% to $5.08 after the company updated Q4 and FY22 expected revenue results. G Medical Innovations Holdings Ltd (NASDAQ:GMVD) jumped 34.6% to $4.66. Sigilon Therapeutics, Inc. (NASDAQ:SGTX) cli
Gainers Faraday Future (NASDAQ:FFIE) stock increased by 19.0% to $0.56 during Wednesday's regular session. Trading volume for this security as of 12:30 EST is 79.6 million, which is 252.7% of its average full-day volume over the last 100 days. The company's market cap stands at $336.1 million. Volta (NYSE:VLTA) stock increased by 18.29% to $0.86. Volta's stock is trading at a volume of 21.0 million shares as of 12:30 EST. This is 441.5% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $149.1 million. Party City Holdco (NYSE:PRTY) shares increased by 18.13% to $0.41. Party City Holdco's stock is trading at a volume of 885.9K shares a
Volta Inc (NYSE:VLTA) has agreed to be acquired by Shell USA Inc, a subsidiary of Shell plc (NYSE:SHEL), in an all-cash transaction valued at approximately $169 million. Under the terms of the merger agreement, Shell USA Inc. will acquire all outstanding shares of Volta at $0.86 per share in cash. The offer represents an approximate 18% premium to the closing price of Volta stock on January 17, 2023. The transaction brings Volta's dual charging and media network to Shell's established brand and seeks to unlock long-term growth opportunities in electric vehicle (EV) charging. "The shift to e-mobility is unstoppable, and Shell recognizes Volta's industry-leading dual charging and media
Shares of electric vehicle charging company Volta Inc (NYSE:VLTA) are trading higher Wednesday after the company announced it will be acquired by Shell USA, a subsidiary of Shell PLC (NYSE:SHEL). What Happened: Volta entered into a definitive merger agreement under which Shell USA will acquire the company in an all-cash transaction valued at approximately $169 million. The transaction aims to unlock long-term growth opportunities in the electric vehicle charging space. Upon completion of the merger, Shell will acquire all outstanding shares of Volta for 86 cents per share in cash. "While the EV infrastructure market opportunity is potentially enormous, Volta's ability to capture it indep