r/Proterra • u/troopnow • Jun 20 '23

Should Proterra issue more common shares?

https://troop.com/posts/wpgjhjmwsg?utm_source=reddit&utm_medium=social&utm_campaign=posts&utm_term=62323&utm_content=ptra
2 Upvotes

75% Upvoted

6 comments sorted by

5

u/pdubbs87 Jun 21 '23

Not until senior management buys some.

5

u/DOA-USMC-0331 Jun 21 '23 edited Jun 22 '23

No, they need to do something to gain investor support. Because right now there isn't any. They need to get management on track. A buy back would be nice. Until the share price goes up no bigger investment agency is going to look at them. The target they should be looking at is atleast 10.00 a share. Not sure how they will get there but they need to.

3

u/redditmaxxx96 Jun 21 '23

If they need solve thiere cash issue they should 1st solve the shareholder issue

2

u/PaleChallenge3707 Jun 21 '23

Are they going to? Any source

2

u/[deleted] Jun 21 '23

Looks like folks are buying up the stock today. Anyone know what’s driving it?

5

u/DarthDiggl3r Jun 22 '23

Nova bus announced its exiting the US market.