Welcome to our dedicated page for VLTA news (Ticker: VLTA), a resource for investors and traders seeking the latest updates and insights on VLTA stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect VLTA's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of VLTA's position in the market.
Volta Inc. (NYSE: VLTA) launched its Store Next Door targeting product, allowing advertisers to focus on nearly 40 store categories adjacent to its EV charging stations. This innovative approach enhances the visibility of Volta's digital media screens, improving targeted advertising for brands in various sectors like healthcare and retail. According to Interim CEO Brandt Hastings, this initiative aligns with the trend of retailers increasing their digital ad spend. The programmatic offering is designed to ensure advertisers reach consumers likely to engage with their messaging.
Volta Inc. (NYSE: VLTA) has announced a paid partnership with the Michigan Office of Future Mobility and Electrification (OFME) and DTE Energy (NYSE: DTE) to enhance electric vehicle (EV) charging infrastructure in underserved communities. This collaboration marks Volta's sixth partnership with an electric utility and aims to utilize its PredictEV® software for optimal site selection. The initiative seeks to promote equitable access to EV charging, supported by consumer education through the Volta Media™ Network. Past initiatives indicate significant increases in EV adoption following similar programs.
Volta Inc. (NYSE: VLTA) has appointed Brandt Hastings as interim Chief Executive Officer, effective immediately, following Scott Mercer's departure. Hastings, Chief Revenue Officer since 2020, has a successful track record in driving revenue growth and enhancing partnerships. The Board has initiated a search for a permanent CEO. Hastings emphasized Volta's potential in the electric mobility sector, aiming to further its unique business model and drive growth.
Volta Inc. (NYSE: VLTA, VLTA WS) reported a strong fourth quarter in 2021, with revenues of $12.1 million, representing a 45% year-over-year increase. Annual revenue surged 66% to $32.3 million. The total number of installed charging stalls rose by 44% to 2,330. Despite the growth in revenue, the company experienced a significant net loss of $121.1 million for Q4 and $276.6 million for the full year. Looking ahead, Volta forecasts 2022 revenues between $70 million and $80 million and plans to add 1,700 to 2,000 new connected stalls.
Volta Inc. (NYSE: VLTA) emphasizes the critical role of convenient and visible EV charging stations in promoting electric vehicle adoption. A recent study reveals that 75% of potential EV buyers identify access to charging as a significant barrier, surpassing even price concerns. The company has launched a brand campaign titled 'Time To Move On' to encourage EV transitions during Earth Month, while highlighting the benefits of EVs through its dynamic media network. The campaign aims to enhance the public's awareness of the advantages associated with electric transportation.
Volta Inc. (NYSE: VLTA) has launched PredictEV® Fleet, an AI-driven product designed for fleet electrification, in partnership with Southern Company (NYSE: SO). This collaboration aims to facilitate effective electrification strategies for fleets, utilizing machine learning and data analytics to recommend EVs and calculate cost savings. Southern Company plans to electrify 50% of its fleet by 2030. The PredictEV Fleet supports utilities in managing grid demands associated with increased electrification.
Southern Company has announced the launch of PredictEV® Fleet, a new tool developed in partnership with Volta Inc. (NYSE: VLTA) to assist businesses in transitioning their commercial vehicle fleets to electric vehicles (EVs). This software analyzes current vehicle data to provide recommendations on EV options, charging equipment, cost savings, and available incentives. Southern Company aims to leverage this innovation to meet rising EV demand and enhance customer sustainability efforts. This aligns with their goal of electrifying 50% of light-duty vehicles by 2030.
Volta Inc. (NYSE: VLTA) announced preliminary revenue for Q4 2021 at approximately
Scott Mercer, Founder and CEO of Volta Inc. (NYSE: VLTA), will resign after a transitional period, serving as an advisor until March 31, 2023. He will also step down from the Board, transitioning his shares to Class A stock. The Board appoints Kathy Savitt and Vince Cubbage as Co-Chairs, aiming to separate the roles of CEO and Board Chair going forward. The leadership change comes as the company seeks new direction amid its evolving growth phase in the EV charging sector, focusing on public market strategies.
Volta Inc. (NYSE: VLTA) announced the rescheduling of its Q4 and year-end 2021 conference call due to ongoing reviews of its financial results. Additionally, the company will file an amendment to its quarterly report on Form 10-Q for the quarter ending September 30, 2021. Volta focuses on creating commerce-centric EV charging networks, integrating charging stations into daily consumer routines to support the transition to electric mobility.
FAQ
What is the market cap of VLTA (VLTA)?
