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)
Former names
Tortoise Acquisition Corp. II
SEC CIK
VLTA stock data
Analyst ratings and price targets
Current price
Average target
$1.31
Low target
$0.50
High target
$3.00
DA Davidson
Maintains
$1.00
Goldman Sachs
Maintains
$0.75
Barclays
Maintains
$0.50
Raymond James
Maintains
$3.00
Latest filings (excl ownership)
8-K
Volta Inc. Receives Notice from NYSE Regarding Trading Share Price Listing Rule
25 Nov 22
8-K
Volta Inc. Reports Third Quarter Financial Results
14 Nov 22
10-Q
2022 Q3
Quarterly report
14 Nov 22
8-K
Volta Provides Update on Business Realignment
21 Oct 22
8-K
Volta Realigns Organization to Reduce Costs and Drive Strategic Priorities
29 Sep 22
8-K
Entry into a Material Definitive Agreement
26 Sep 22
424B5
Prospectus supplement for primary offering
26 Sep 22
EFFECT
Notice of effectiveness
21 Sep 22
EFFECT
Notice of effectiveness
21 Sep 22
424B3
Prospectus supplement
20 Sep 22
Latest ownership filings
Financial summary
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | |
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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) | 57.16 mm | 53.99 mm | 30.35 mm | 49.61 mm | n/a | 4.90 mm |
| Cash remaining | -28.56 mm | -25.39 mm | -1.75 mm | -21.01 mm | n/a | 23.70 mm |
| Runway (months of cash) | -1.1 | -1.0 | -0.1 | -0.9 | n/a | 10.4 |
Institutional ownership, Q3 2022
35.5% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 122 |
| Opened positions | 111 |
| Closed positions | 7 |
| Increased positions | 6 |
| Reduced positions | 1 |
| 13F shares | Current |
|---|---|
| Total value | 238.21 mm |
| Total shares | 60.01 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 30 Jul 22 | Martin Lauber | Class A Common Stock | Grant | Acquire A | No | No | 0 | 92,206 | 0.00 | 353,774 |
| 30 Jul 22 | Katherine J Savitt | Class A Common Stock | Grant | Acquire A | No | No | 0 | 92,206 | 0.00 | 116,130 |
News
12 Consumer Discretionary Stocks Moving In Thursday's After-Market Session
1 Dec 22
12 Consumer Discretionary Stocks Moving In Thursday's Intraday Session
1 Dec 22
Stocks That Hit 52-Week Lows On Wednesday
30 Nov 22
Volta Collaboration Awarded ARPA-E Grant To 'Commercialize Next Generation Fast Charging Technology Aligned With Bipartisan Infrastructure Law'
23 Nov 22
Stocks That Hit 52-Week Lows On Tuesday
22 Nov 22
Press releases
Volta Inc. Receives Notice from NYSE Regarding Trading Share Price Listing Rule
25 Nov 22
Volta Collaboration Awarded ARPA-E Funding to Commercialize Next Generation Fast Charging Technology Aligned With Bipartisan Infrastructure Law
23 Nov 22
Volta Inc. Reports Third Quarter Financial Results
14 Nov 22
Volta's Consumer Study Reveals Climate Is Top of Mind for 55% of U.S. Consumers and Advertisers Must Lead With Innovation to Sell to This Cohort
9 Nov 22
Volta Inc. Announces Third Quarter 2022 Earnings Release Date and Conference Call
4 Nov 22