Welcome to our dedicated page for PTRA news (Ticker: PTRA), a resource for investors and traders seeking the latest updates and insights on PTRA stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PTRA's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PTRA's position in the market.
Proterra Inc (NASDAQ: PTRA) announced a multi-year supply agreement with The Shyft Group to provide battery technology for Blue Arc's electric delivery vans. The partnership aims to enhance zero-emission delivery solutions, contributing to cleaner air and healthier communities. Proterra's H-Series battery systems offer a range of 150 to 175 miles per charge and are designed for commercial vehicle efficiency. With over 25 million service miles driven, Proterra's systems are trusted by top manufacturers in various sectors, including delivery, construction, and public transit.
Proterra Inc (NASDAQ: PTRA) released its unaudited fourth quarter and full year 2021 financial results on March 1, 2022. The details are accessible on their Investor Relations website. A conference call is scheduled for the same day at 2:00 PM PST to discuss these results further. Proterra specializes in zero-emission electric transit vehicles and EV technology solutions, with a commitment to industry-leading durability and energy efficiency in its products, all designed and manufactured in the United States.
Proterra (NASDAQ: PTRA) announces the appointment of Roger Nielsen to its board of directors, effective March 2, 2022, while Jochen Goetz resigns to focus on other commitments. Nielsen brings 35 years of experience from Daimler Trucks, where he led advancements in electrification for commercial vehicles. His expertise is expected to bolster Proterra's mission of enhancing zero-emissions transportation. Goetz departs after four years of service, contributing to Proterra's transition to a public company.
Proterra Inc (Nasdaq: PTRA) will release its fourth quarter 2021 financial results on March 1, 2022, after market close. A conference call is scheduled for the same day at 2:00 PM Pacific Daylight Time to discuss the financial results. Investors can access the live audio webcast on Proterra's Investor Relations website. Proterra is recognized for designing and manufacturing zero-emission electric transit vehicles and EV technology solutions, with products crafted in the U.S., prioritizing durability and energy efficiency.
The Santa Clara Valley Transportation Authority (VTA) is set to install a solar and battery storage microgrid along with EV fleet charging systems in collaboration with Proterra and Scale Microgrid Solutions. This initiative empowers VTA to maintain operations of electric buses during power outages, achieving cost savings on electricity and reducing emissions.
The project, funded by a grant from the California Energy Commission, will utilize approximately 1.5 megawatts of solar energy and support 34 electric transit buses, aiming for operational readiness by late 2023.
Nikola Corporation (Nasdaq: NKLA) and Proterra Inc (Nasdaq: PTRA) announced a multi-year supply agreement aimed at powering Nikola's zero-emission semi-trucks with Proterra's advanced battery technology. Proterra will deliver prototype systems starting in Q2 2022, with full production expected by Q4 2022. This partnership aims to decarbonize the trucking industry, addressing a significant source of pollution. Both companies are committed to enhancing the performance and sustainability of commercial heavy-duty vehicles, leveraging their expertise in electric vehicle technology.
Proterra and Vicinity Motor Corp. have entered into a multi-year supply agreement to equip Vicinity's Lightning™ electric vehicles with Proterra's advanced battery technology. This partnership will support the production of a minimum of 600 commercial electric vehicles by 2024, including heavy-duty electric transit buses and Class 3 and 5 work trucks. Production of the Vicinity Lightning is set to commence in Q3 2022. Both companies aim to enhance zero-emission transportation in North America, aligning with federal funding requirements.
Proterra plans to open a new electric vehicle (EV) battery manufacturing facility in Greer, South Carolina, with a minimum investment of $76 million. This factory aims to support the increasing demand for commercial EVs by producing battery systems for various applications, including buses and work trucks. Set to begin production in the second half of 2022, the facility will create over 200 jobs and will significantly enhance Proterra's production capacity in the Eastern U.S. This marks the company's first battery plant on the East Coast and third nationwide.
Proterra Inc (Nasdaq: PTRA) announces key leadership changes effective January 1, 2022. Gareth Joyce will succeed Jack Allen as CEO, who will transition to Non-Executive Chairman. Karina Franco Padilla has been appointed Chief Financial Officer, bringing over 25 years of finance experience. The Board also welcomes ML Krakauer and thanks former director Ryan Popple. Joyce aims to leverage Proterra's technology and momentum for growth in the commercial electric vehicle sector, while Padilla is set to enhance financial strategies for shareholder value.
Proterra and Anadolu Isuzu have partnered to integrate Proterra's battery systems into the all-electric Citi VOLT buses, enhancing Anadolu Isuzu's EV market presence. This collaboration marks Proterra's entry into the European public transportation sector. The new Citi VOLT buses will offer a driving range of 200km to 405km on a single charge, designed to meet European public transport demands. The partnership aims to promote sustainable transport solutions while reducing operating costs and increasing vehicle efficiency.
