For over a decade, Volta has been building a nationwide electric vehicle charging network to drive the world forward. Named after Alessandro Volta, the inventor of the electric battery, Volta's award-winning charging stations benefit brands, consumers, and real-estate locations by providing valuable advertising space to businesses and free charging to drivers. Strategically located in places where consumers already spend their time and money, Volta's chargers are currently the most used electric vehicle charging stations in the United States. Headquartered in San Francisco, Volta is bringing to communities the means of building a sustainable fueling network for the 21st century.
Company profile
Ticker
VLTA, VLTA-WT
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Polaris • Tritium DCFC • Blink Charging • ChargePoint • Edge Data Solutions • Moveix • American Defense Systems • BRP • Wallbox • Ads-Tec Energy Public ...
Former names
Tortoise Acquisition Corp. II
SEC CIK
VLTA stock data
Analyst ratings and price targets
Current price
Average target
$0.75
Low target
$0.50
High target
$1.00
DA Davidson
Maintains
$1.00
Goldman Sachs
Maintains
$0.75
Barclays
Maintains
$0.50
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
23 Jan 23
DEFA14A
Additional proxy soliciting materials
19 Jan 23
DEFA14A
Additional proxy soliciting materials
19 Jan 23
DEFA14A
Additional proxy soliciting materials
18 Jan 23
DEFA14A
Additional proxy soliciting materials
18 Jan 23
DEFA14A
Additional proxy soliciting materials
18 Jan 23
DEFA14A
Additional proxy soliciting materials
18 Jan 23
8-K
Volta Inc. to be Acquired by Shell USA, Inc. to Accelerate Decarbonization of the Shell to Acquire Volta in All-Cash Transaction Valuing Volta at Approximately $169 Million
18 Jan 23
8-K
Departure of Directors or Certain Officers
6 Jan 23
8-K
Volta Inc. Receives Notice from NYSE Regarding Trading Share Price Listing Rule
25 Nov 22
Latest ownership filings
4
Change in insider ownership
17 Jan 23
4
Martin Lauber
30 Dec 22
4/A
Brandt Hastings
30 Nov 22
4
Brandt Hastings
30 Nov 22
SC 13D/A
Wendel Christopher
15 Nov 22
SC 13D/A
Mercer Scott
21 Oct 22
4
John J. Tough
2 Aug 22
4
Bonita C. Stewart
2 Aug 22
4
Katherine J Savitt
2 Aug 22
4
Martin Lauber
2 Aug 22
Financial summary
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | |
|---|---|---|---|
| Revenue | |||
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| Operating income | |||
| Operating margin | |||
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 28.60 mm | 28.60 mm | 28.60 mm | 28.60 mm | 28.60 mm | 28.60 mm |
| Cash burn (monthly) | 26.70 mm | 25.22 mm | 14.18 mm | 23.18 mm | (no burn) | 2.29 mm |
| Cash used (since last report) | 110.24 mm | 104.13 mm | 58.53 mm | 95.68 mm | n/a | 9.44 mm |
| Cash remaining | -81.64 mm | -75.53 mm | -29.93 mm | -67.08 mm | n/a | 19.15 mm |
| Runway (months of cash) | -3.1 | -3.0 | -2.1 | -2.9 | n/a | 8.4 |
Institutional ownership, Q3 2022
35.6% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 124 |
| Opened positions | 16 |
| Closed positions | 14 |
| Increased positions | 35 |
| Reduced positions | 31 |
| 13F shares | Current |
|---|---|
| Total value | 238.27 mm |
| Total shares | 60.06 mm |
| Total puts | 167.20 k |
| Total calls | 194.00 k |
| Total put/call ratio | 0.9 |
| Largest owners | Shares | Value |
|---|---|---|
| Tortoise Borrower | 9.82 mm | $72.07 mm |
| John J. Tough | 9.08 mm | $84.43 mm |
| BLK Blackrock | 8.05 mm | $9.74 mm |
| Vanguard | 6.50 mm | $7.87 mm |
| Evolution Wealth Advisors | 4.93 mm | $5.97 mm |
| Handelsbanken Fonder AB | 3.92 mm | $4.75 mm |
| Geode Capital Management | 2.21 mm | $2.67 mm |
| Occidental Asset Management | 1.16 mm | $1.40 mm |
| First Trust Advisors | 1.09 mm | $1.32 mm |
| NTRS Northern Trust | 1.07 mm | $1.29 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 15 Jan 23 | Volta | Class A Common Stock | Grant | Acquire A | No | No | 0 | 150,000 | 0.00 | 300,000 |
| 28 Dec 22 | Martin Lauber | Class A Common Stock | Other | Dispose J | Yes | No | 0 | 822,054 | 0.00 | 0 |
| 28 Dec 22 | Martin Lauber | Class A Common Stock | Other | Dispose J | Yes | No | 0 | 510,535 | 0.00 | 0 |
| 28 Dec 22 | Martin Lauber | Class A Common Stock | Other | Acquire J | No | No | 0 | 83,013 | 0.00 | 436,787 |
| 23 Nov 22 | Brandt Hastings | Class A Common | Payment of exercise | Dispose F | No | No | 0.56 | 2,959 | 1.66 k | - |
| 23 Nov 22 | Brandt Hastings | Class A Common Stock | Payment of exercise | Dispose F | No | No | 0 | 2,959 | 0.00 | 615,770 |
| 30 Jul 22 | Vincent T. Cubbage | Class A Common Stock | Grant | Acquire A | No | No | 0 | 92,206 | 0.00 | 1,520,190 |
| 30 Jul 22 | Vincent T. Cubbage | Class A Common Stock | Grant | Acquire A | No | No | 0 | 420,000 | 0.00 | 1,427,984 |
News
Watching EV Charging Stocks Following WSJ Report Indicating TravelCenters Of America To Add 1,000 EV Fast-Chargers Across US
30 Jan 23
Why Ontrak Shares Are Trading Higher By Over 100%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
18 Jan 23
12 Consumer Discretionary Stocks Moving In Wednesday's Intraday Session
18 Jan 23
Volta Agrees To Be Acquired By Shell USA For $169M
18 Jan 23
Why Volta Stock Is Charging Higher Today
18 Jan 23
Press releases
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates CNCE, VLTA, GMGI
22 Jan 23
Moore Kuehn Encourages NVCN, VLTA, CNCE, and ANGN Investors to Contact Law Firm
21 Jan 23
Lifshitz Law PLLC Announces Investigations of GMGI, ANGN, CLXT, and VLTA
21 Jan 23
VOLTA INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Volta Inc. - VLTA
20 Jan 23
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates CBIO, HZN, CLXT, VLTA
19 Jan 23