Needham reiterated coverage on Volta with a new price target
$VLTA
Catalog/Specialty Distribution
Consumer Discretionary
Needham reiterated coverage of Volta with a rating of Buy and set a new price target of $2.00 from $7.00 previously
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| 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 |
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
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
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
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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
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.