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Volta (VLTA)

Company Profile
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
NYSE
Website
voltainc.com
Employees
Incorporated
Delaware
Location
California
Fiscal year end
Dec 31
Sector
Retail Trade > New Car Dealers
Industry (SIC)
Miscellaneous Transportation Equipment
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
0001819584
Corporate docs
Articles of Incorporation & Bylaws
Underwriting Agreements
Plans of Reorganization
Indentures
Material Contracts & Credit Agreements
Subsidiaries Lists

VLTA stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$0.75
Low target
$0.50
High target
$1.00
DA Davidson
Maintains
Neutral
$1.00
16 Nov 22
Goldman Sachs
Maintains
Sell
$0.75
16 Nov 22
Barclays
Maintains
Equal-Weight
$0.50
16 Nov 22
Latest filings (excl ownership)
View all
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
Transcripts
View all
VLTA
Earnings call transcript
2022 Q3
15 Nov 22
VLTA
Earnings call transcript
2022 Q2
12 Aug 22
VLTA
Earnings call transcript
2022 Q1
17 May 22
VLTA
Earnings call transcript
2021 Q4
18 Apr 22
VLTA
Earnings call transcript
2021 Q3
11 Nov 21
Latest ownership filings
View all
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

Financial statements Chart VLTA financial data
Quarter (USD) Sep 22 Jun 22 Mar 22 Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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

Beta Read what these cash burn values mean

Financial data from Volta earnings reports.

Institutional ownership, Q3 2022

VLTA institutional ownership history Ownership history
35.6% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 124 122 +1.6%
Opened positions 16 34 -52.9%
Closed positions 14 27 -48.1%
Increased positions 35 33 +6.1%
Reduced positions 31 32 -3.1%
13F shares Current Prev Q Change
Total value 238.27 mm 220.92 mm +7.9%
Total shares 60.06 mm 64.63 mm -7.1%
Total puts 167.20 k 181.30 k -7.8%
Total calls 194.00 k 715.70 k -72.9%
Total put/call ratio 0.9 0.3 +240.2%
Largest owners Shares Value Change
Tortoise Borrower 9.82 mm $72.07 mm 0.0%
John J. Tough 9.08 mm $84.43 mm 0.0%
BLK Blackrock 8.05 mm $9.74 mm -1.6%
Vanguard 6.50 mm $7.87 mm +13.7%
Evolution Wealth Advisors 4.93 mm $5.97 mm 0.0%
Handelsbanken Fonder AB 3.92 mm $4.75 mm +6.9%
Geode Capital Management 2.21 mm $2.67 mm -0.7%
Occidental Asset Management 1.16 mm $1.40 mm +6.4%
First Trust Advisors 1.09 mm $1.32 mm -2.5%
NTRS Northern Trust 1.07 mm $1.29 mm -1.9%
Largest transactions Shares Bought/sold Change
STT State Street 0.00 -5.34 mm EXIT
Vanguard 6.50 mm +781.47 k +13.7%
Nuveen Asset Management 806.13 k +467.29 k +137.9%
Tortoise Capital Advisors, L.L.C. 375.00 k -375.00 k -50.0%
Yaupon Capital Management 300.00 k +300.00 k NEW
Hudson Bay Capital Management 195.70 k -298.19 k -60.4%
Citadel Advisors 0.00 -264.62 k EXIT
WFC Wells Fargo & Co. 29.31 k -261.33 k -89.9%
Handelsbanken Fonder AB 3.92 mm +254.87 k +6.9%
Millennium Management 262.02 k +220.02 k +523.9%
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

VLTA insider ownership history Insider history
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
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro
Watching EV Charging Stocks Following WSJ Report Indicating TravelCenters Of America To Add 1,000 EV Fast-Chargers Across US
30 Jan 23
https://www.wsj.com/articles/travelcenters-of-america-to-add-ev-fast-charger-stations-11675024422?mod=hp_lista_pos3
Why Ontrak Shares Are Trading Higher By Over 100%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
18 Jan 23
Gainers Ontrak, Inc. (NASDAQ: OTRK) shares jumped 101.7% to $1.1599 after the company announced new data that shows a reduction in depression and axiety symptoms for Ontrak Health's Wholehealth+ program members.
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

From Benzinga Pro
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates CNCE, VLTA, GMGI
22 Jan 23
NEW YORK, Jan. 22, 2023 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary
Moore Kuehn Encourages NVCN, VLTA, CNCE, and ANGN Investors to Contact Law Firm
21 Jan 23
NEW YORK, Jan. 21, 2023 /PRNewswire/ -- Moore Kuehn, PLLC, a law firm focusing in securities litigation located on Wall Street in downtown New York City, is investigating potential claims concerning whether the following
Lifshitz Law PLLC Announces Investigations of GMGI, ANGN, CLXT, and VLTA
21 Jan 23
NEW YORK, Jan. 21, 2023 (GLOBE NEWSWIRE) -- Golden Matrix Group, Inc. (NASDAQ:GMGI) Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the merger of GMGI and
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
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