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Why ArcLight Clean Transition Stock Popped Today

Evan Niu, CFA, The Motley Fool
·2-min read
Why ArcLight Clean Transition Stock Popped Today

Shares of ArcLight Clean Transition (NASDAQ: ACTC) popped as much as 12% this morning after Proterra, which is merging with the special purpose acquisition company (SPAC), scored part of a landmark deal for electric school buses. The board of education in Maryland's Montgomery County, a suburb just outside of Washington, D.C., has approved a massive contract for electric school buses, the largest municipal deal for buses ever. The contract to lease over 300 electric buses spans 16 years and is valued at $169 million.

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