Why Proterra (PTRA) Stock Is Extremely Volatile Today

8/11/23 9:42:43 AM ET

Auto Manufacturing

Consumer Discretionary

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Proterra Inc (NASDAQ:PTRA) shares are trading higher by 20.0% to $0.13 Friday morning on continued volatility after the company announced it filed for Chapter 11 bankruptcy.

The company says it will continue operations, securing funding through the process for salaries, benefits and vendor payments.

CEO Gareth Joyce emphasizes the company's EV battery technology and industry-leading products, aiming to focus and maximize independent potential.

Additionally, the scheduled earnings conference call for August 9, was canceled.

According to data from Benzinga Pro, PTRA has a 52-week high of $7.70 and a 52-week low of $0.12.

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Recent Analyst Ratings for
$PTRA

Date	Price Target	Rating	Analyst
8/8/2023		Buy → Neutral	BTIG Research
10/17/2022	$7.00	Buy	BTIG Research
9/29/2022	$9.00	Buy	Truist
6/2/2022	$10.00	Buy	DA Davidson
5/13/2022	$12.25 → $5.00	Buy → Underperform	BofA Securities
3/10/2022	$11.00 → $8.00	Equal-Weight	Barclays
10/22/2021	$12.00	Equal-Weight	Morgan Stanley
9/24/2021	$10.00	Equal Weight	Barclays

More analyst ratings

$PTRA
Leadership Updates

Live Leadership Updates

Proterra Announces Appointment of Jeffrey Embt as Chief Accounting Officer
BURLINGAME, Calif., June 08, 2023 (GLOBE NEWSWIRE) -- Proterra Inc (NASDAQ:PTRA), a leading innovator in commercial vehicle electrification technology, today announced the appointment of Jeffrey Embt as Chief Accounting Officer (CAO), effective June 8, 2023. As Proterra's CAO, Mr. Embt will report directly to Proterra Chief Financial Officer David Black and oversee the Company's corporate accounting as well as internal control functions and process improvement. Mr. Embt brings nearly 20 years of corporate accounting and financial management experience to Proterra. Prior to joining Proterra, Mr. Embt served as Head of Finance of BWXT Medical, a manufacturer of radiopharmaceuticals, radiot
6/8/23 8:00:00 AM ET
$PTRA
Auto Manufacturing
Consumer Discretionary
Jack Allen to Retire as Proterra Board Chairman at the Annual Meeting of Stockholders; Roger Nielsen Appointed as Successor
BURLINGAME, Calif., May 11, 2023 (GLOBE NEWSWIRE) -- Proterra Inc (NASDAQ:PTRA), a leading innovator in commercial vehicle electrification technology, today announced that Jack Allen's term as Non-Executive Chairman and Member of Proterra's Board of Directors will expire at the company's annual stockholders' meeting and he will retire from the Board. Proterra's Board of Directors has reduced the size of the board from nine to eight directors effective upon the expiration of Mr. Allen's term, and appointed Roger M. Nielsen as the company's new Chairman of the Board, as of the annual meeting. Mr. Allen joined Proterra's Board of Directors in 2017 after more than 30 years at Navistar Intern
5/11/23 5:07:01 PM ET
$PTRA
Auto Manufacturing
Consumer Discretionary
Proterra Announces Appointment of David Black as Chief Financial Officer
BURLINGAME, Calif., May 01, 2023 (GLOBE NEWSWIRE) -- Proterra Inc (NASDAQ:PTRA) ("Proterra" or the "Company"), a leading innovator in commercial vehicle electrification technology, today announced the appointment of David Black, a public company finance executive with more than 30 years' experience in public corporate accounting and finance leadership, as the Company's new Chief Financial Officer, effective May 16, 2023. Karina Padilla, the Company's current CFO, will step down from her role effective May 15, 2023. Ms. Padilla will remain with the Company as a non-executive officer employee through June 2, 2023 and will work closely with Mr. Black to support a smooth transition of respons
5/1/23 8:00:00 AM ET
$PTRA
Auto Manufacturing
Consumer Discretionary

$PTRA
Financials

Live finance-specific insights

Proterra Announces Strategic Initiatives to Strengthen Financial Position and Sharpen Technology Focus
Files for Voluntary Chapter 11 Reorganization to Maximize Value of the Business & Product Line PotentialCompany Continues to Operate as a Leading Commercial Vehicle EV Technology Provider BURLINGAME, Calif., Aug. 07, 2023 (GLOBE NEWSWIRE) -- Proterra Inc (NASDAQ:PTRA) ("Proterra" or the "Company"), a leading innovator in commercial vehicle electrification technology, today announced that the Company is taking action to maximize the value of its business and enhance the potential of each of its product lines. To do so, Proterra has voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code in the District of Delaware in an effort to strengthen its financial position thr
8/7/23 5:35:16 PM ET
$PTRA
Auto Manufacturing
Consumer Discretionary
Proterra Announces Date and Conference Call Details for Second Quarter 2023 Financial Results
BURLINGAME, Calif., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Proterra Inc (NASDAQ:PTRA) today announced that a conference call will be held at 2:00pm Pacific Daylight Time on Wednesday, August 9, 2023 to review the Company's second quarter 2023 financial results. A live audio webcast of the conference call will be available on Proterra's Investor Relations website at ir.proterra.com. About ProterraProterra is a leader in the design and manufacture of zero-emission electric transit vehicles and EV technology solutions for commercial applications. With industry-leading durability and energy efficiency based on rigorous U.S. independent testing, Proterra products are proudly designed, engineered,
8/2/23 8:00:00 AM ET
$PTRA
Auto Manufacturing
Consumer Discretionary
Proterra Releases First Quarter 2023 Financial Results
BURLINGAME, Calif., May 09, 2023 (GLOBE NEWSWIRE) -- Proterra Inc (NASDAQ:PTRA) today released its first quarter 2023 financial results by posting them to its Investor Relations website. Please visit the Proterra Investor Relations website at ir.proterra.com to view the first quarter 2023 financial results and letter to shareholders.A conference call will be held at 2:00pm Pacific Daylight Time on Tuesday, May 9, 2023 to review financial results. A live audio webcast of the conference call will be available on Proterra's Investor Relations website at ir.proterra.com. About ProterraProterra is a leader in the design and manufacture of zero-emission electric transit vehicles and EV technolo
5/9/23 4:05:00 PM ET
$PTRA
Auto Manufacturing
Consumer Discretionary

Proterra Announces Strategic Initiatives to Strengthen Financial Position and Sharpen Technology Focus
Files for Voluntary Chapter 11 Reorganization to Maximize Value of the Business & Product Line PotentialCompany Continues to Operate as a Leading Commercial Vehicle EV Technology Provider BURLINGAME, Calif., Aug. 07, 2023 (GLOBE NEWSWIRE) -- Proterra Inc (NASDAQ:PTRA) ("Proterra" or the "Company"), a leading innovator in commercial vehicle electrification technology, today announced that the Company is taking action to maximize the value of its business and enhance the potential of each of its product lines. To do so, Proterra has voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code in the District of Delaware in an effort to strengthen its financial position thr
8/7/23 5:35:16 PM ET
$PTRA
Auto Manufacturing
Consumer Discretionary
Proterra Announces Date and Conference Call Details for Second Quarter 2023 Financial Results
BURLINGAME, Calif., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Proterra Inc (NASDAQ:PTRA) today announced that a conference call will be held at 2:00pm Pacific Daylight Time on Wednesday, August 9, 2023 to review the Company's second quarter 2023 financial results. A live audio webcast of the conference call will be available on Proterra's Investor Relations website at ir.proterra.com. About ProterraProterra is a leader in the design and manufacture of zero-emission electric transit vehicles and EV technology solutions for commercial applications. With industry-leading durability and energy efficiency based on rigorous U.S. independent testing, Proterra products are proudly designed, engineered,
8/2/23 8:00:00 AM ET
$PTRA
Auto Manufacturing
Consumer Discretionary
Proterra, Inc investors: Please contact the Portnoy Law Firm to recover your losses; September 12, 2023, deadline
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, July 24, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Proterra, Inc. ("Proterra" or the "Company") (NASDAQ:PTRA) investors that a lawsuit filed on behalf of investors that purchased Proterra securities between August 2, 2022 through March 15, 2023, both dates inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors
7/24/23 6:10:06 PM ET
$PTRA
Auto Manufacturing
Consumer Discretionary

12 Industrials Stocks Moving In Wednesday's Intraday Session
Gainers KULR Tech Gr (AMEX:KULR) shares increased by 16.1% to $1.0 during Wednesday's regular session. The current volume of 680.0K shares is 172.0% of KULR Tech Gr's average full-day volume over the last 100 days (last updated at 13:31 EST). The market value of their outstanding shares is at $118.3 million. As per the press release, Q2 earnings came out today. Wheels Up Experience (NYSE:UP) stock increased by 11.26% to $1.68. As of 13:31 EST, this security is trading at a volume of 15.0 million shares, making up 1410.7% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $42.6 million. Hudson Glb (NASDAQ:HSON) stock increased by 11.14
8/16/23 1:31:32 PM ET
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Gainers Taylor Devices (NASDAQ:TAYD) shares rose 20.2% to $22.31 during Tuesday's regular session. The company's market cap stands at $78.2 million. The company's, Q4 earnings came out today. Wheels Up Experience (NYSE:UP) shares increased by 19.01% to $1.69. The current volume of 1.4 million shares is 142.5% of Wheels Up Experience's average full-day volume over the last 100 days (last updated at 13:30 EST). The company's market cap stands at $42.5 million. As per the news, the Q2 earnings report came out 4 days ago. Eos Energy Enterprises (NASDAQ:EOSE) shares moved upwards by 17.22% to $2.79. As of 13:30 EST, Eos Energy Enterprises's stock is trading at a volume of 7.6 million, which is
8/15/23 1:31:03 PM ET
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Why Proterra (PTRA) Stock Is Extremely Volatile Today

Chat with this insight

Recent Analyst Ratings for $PTRA

$PTRA Leadership Updates

Live Leadership Updates

Proterra Announces Appointment of Jeffrey Embt as Chief Accounting Officer

Jack Allen to Retire as Proterra Board Chairman at the Annual Meeting of Stockholders; Roger Nielsen Appointed as Successor

Proterra Announces Appointment of David Black as Chief Financial Officer

$PTRA SEC Filings

Proterra Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits

Proterra Inc. filed SEC Form 8-K: Other Events

Proterra Inc. filed SEC Form 8-K: Completion of Acquisition or Disposition of Assets, Leadership Update, Other Events

$PTRA Financials

Live finance-specific insights

Proterra Announces Strategic Initiatives to Strengthen Financial Position and Sharpen Technology Focus

Proterra Announces Date and Conference Call Details for Second Quarter 2023 Financial Results

Proterra Releases First Quarter 2023 Financial Results

$PTRA Large Ownership Changes

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$PTRA Insider Trading

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$PTRA Analyst Ratings

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$PTRA Press Releases

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$PTRA Market Insights

Live Market Insights

SEC Form SC 13G/A filed by Proterra Inc. (Amendment)

SEC Form SC 13G/A filed by Proterra Inc. (Amendment)

SEC Form SC 13G/A filed by Proterra Inc. (Amendment)

SEC Form 3 filed by new insider Pugh Justin D.

Joyce Gareth T sold $318 worth of shares (16,643 units at $0.02), decreasing direct ownership by 2% to 902,053 units (SEC Form 4)

Joyce Gareth T sold $1,037 worth of shares (18,925 units at $0.05), decreasing direct ownership by 2% to 918,696 units (SEC Form 4)

Proterra downgraded by BTIG Research

BTIG Research initiated coverage on Proterra with a new price target

Truist initiated coverage on Proterra with a new price target

Proterra Announces Strategic Initiatives to Strengthen Financial Position and Sharpen Technology Focus

Proterra Announces Date and Conference Call Details for Second Quarter 2023 Financial Results

Proterra, Inc investors: Please contact the Portnoy Law Firm to recover your losses; September 12, 2023, deadline

12 Industrials Stocks Moving In Wednesday's Intraday Session

Why PhenomeX Are Trading Lower By Around 20%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

12 Industrials Stocks Moving In Tuesday's Intraday Session

Recent Analyst Ratings for
$PTRA

$PTRA
Leadership Updates

$PTRA
SEC Filings

$PTRA
Financials

$PTRA
Large Ownership Changes

$PTRA
Insider Trading

$PTRA
Analyst Ratings

$PTRA
Press Releases

$PTRA
Market Insights