ACTC - Why ArcLight Clean Transition Fell 14% in March
Shares of ArcLight Clean Transition (NASDAQ: ACTC) fell 14% in March, according to data provided by S&P Global Market Intelligence . The recently public special purpose acquisition company (SPAC) will soon to merge with electric vehicle component company Proterra.
March was a difficult month for electric vehicle stocks, which fell along with other low-profit growth stocks as investors rotated toward more value stocks and reopening plays. Additionally, the commercial EV space is currently experiencing a battery cell shortage.
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Why ArcLight Clean Transition Fell 14% in March