PTRA - A Recession Would Make Proterra A Buy
- Since it went public a year ago, Proterra has decreased by 70% as the market punished management’s struggle with supply chain issues.
- Despite lacking components and a tight labor market, Proterra is transforming into a global-battery producer.
- Profitability issues are a vital concern. We will see how they can be resolved.
- Despite cash burn, I do not see an immediate need to raise capital. An important factor during turbulent market times.
- I would invest in Proterra when I see the labor market easing. Otherwise, expansion plans are at risk.
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A Recession Would Make Proterra A Buy