Inactive Instrument

Volta Inc.

VLTA

US92873V1026

Revere Securities Initiates Coverage on Volta Inc. with a "Buy" Opinion Rating and Target of $11

February 17, 2022 at 09:57 am

NEW YORK, Feb. 17, 2022 /PRNewswire/ -- Revere Securities LLC. Initiated fundamental research coverage today on Volta Inc. (NYSE: VLTA), with a "Buy" opinion rating and a target price of $11. Volta is an international company that is building charging stations for electric vehicles (EV), and is headquartered in San Francisco, CA.

(PRNewsfoto/Revere Securities LLC)

"We believe that the relatively unique business model, combined with the growth opportunities and anticipated incentives provide a compelling argument for investors to purchase shares of this growth company," according to Scott Fullman, Chief Strategies at Revere Securities.

A copy of the report can be found at www.reveresecurities.com/research/volta

About Revere Securities

Revere Securities is a global broker-dealer firm providing strategic and financial support to institutional investors, hedge funds, and individual investors. The firm's professionals are involved in all components of the sales and trading process and include extensive compliance and operational personnel. In addition, Revere Securities LLC provides differentiated corporate access, helping institutional clients gain access to management as a component of their investment process. The firm has industry focused sales specialists who possess "buy-side" experience; therefore, providing a sound, alternate perspective, to the investment process.

Member FINRA, SIPC, MSRB

Media Contact:
Jay Yu
Revere Securities LLC
(212) 688-2350
jyu@reveresecurities.com

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SOURCE Revere Securities LLC

Latest news about Volta Inc.

Volta Inc. Announces Cessation of Executive Officer	23-03-31	CI
Volta Inc. Announces Management Changes	23-03-31	CI
Shell USA Completes $169 Million Acquisition of Volta	23-03-31	MT
Volta Inc. Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-31	CI
Volta Inc.(NYSE:VLTA) dropped from S&P Global BMI Index	23-03-31	CI
Volta Inc.(NYSE:VLTA) dropped from S&P TMI Index	23-03-31	CI
Volta Inc. Auditor Raises 'Going Concern' Doubt	23-03-30	CI
Shell Oil Company completed the acquisition of Volta Inc. from Energize Ventures LLC and others.	23-03-30	CI
Sector Update: Energy Stocks Climb Premarket Thursday	23-03-30	MT
Ebbing Bank Fears, GDP in Focus as Exchange-Traded Funds, Equity Futures Rise Premarket Thursday	23-03-30	MT
Volta's Stockholders Approve Merger With Shell	23-03-30	MT
Volta's Shareholders Reportedly Approve $169 Million Takeover Offer From Shell	23-03-29	MT
Volta Updates PredictEV Platform to Better Locate EV Charging Stations in Disadvantaged Area	23-03-28	MT
Volta Invited to Due Diligence Program For U.S. Government Loan	23-03-22	DJ
North American Morning Briefing: Banking Sector -2-	23-03-20	DJ
Volta Powers the City of Irving's Community EV Charging Infrastructure Plan Using PredictEV Services	23-02-15	CI
Sector Update: Energy Stocks, Commodities Ending Near Intra-Day Lows	23-01-18	MT
Sector Update: Energy Stocks Retreating Wednesday After Crude Oil Prices Turn Negative	23-01-18	MT
Shell Acquires Volta for $169 Million in All Cash Deal	23-01-18	MT
Shell unit to acquire EV charging firm Volta for about $169 million	23-01-18	RE
Shell USA Buying Volta in $169 Million Deal	23-01-18	DJ
Shell Oil Company entered into an agreement to acquire Volta Inc. for approximately $170 million.	23-01-17	CI
Volta Gets Non-Compliance Notice From NYSE	22-11-28	MT
Barclays Adjusts Price Target on Volta to $0.50 From $2, Maintains Equalweight Rating	22-11-16	MT
Goldman Sachs Adjusts Price Target on Volta to $0.75 From $1, Maintains Sell Rating	22-11-15	MT

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Company Profile

Volta Inc., formerly Tortoise Acquisition Corp. II., primarily owns, operates and maintains electric vehicle (EV) charging stations and has expanded its network across the United States. The Company uses its PredictEV planning software tool internally to predict and forecast expected grid capacity, EV charging penetration and expected charger utilization. The Company operates a network of approximately 2,264 charger points across 23 states and territories. Its business entails partnering with real estate and retail partners with national and regional multi-site portfolios of commercial and retail properties, as well as municipalities and local business owners, to locate and deploy its EV charging stations in various locations, including retail centers, grocery stores, pharmacies, parking lots, restaurants, schools and universities. It also sells charging stations to certain business partners, while continuing to perform related installation, operation and maintenance services.

Sector

Electric Utilities

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