Is Proterra Stock a Buy?
Electric-vehicle (EV) companies have lately captivated investors' attention. That's understandable, given the bold electrification targets set by governments and major automakers worldwide. While electric cars get the most attention, there are other key transport segments that are moving toward electrification.
Proterra (NASDAQ: PTRA) is focused on technologies and products related to the electrification of commercial vehicles. Here's a look at why the company's stock fell last year and what can be expected in the coming year and beyond.
California-based Proterra, which went public in June 2021 after merging with special purpose acquisition company (SPAC) ArcLight Clean Transition Corp., focuses on EV technology for commercial vehicles. The company provides battery systems to commercial-vehicle original-equipment manufacturers (OEMs), including makers of delivery trucks, buses, and other commercial vehicles.
Source Fool.com
