Arclight Clean Transition Corp Bounces Back: Will It Hit New Highs Soon?

If you are looking into stocks that might have made significant moves this morning then it might be a good idea to track the Arclight Clean Transition Corp (NASDAQ: ACTC) stock.

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The Arclight has jumped by as high as 5% this morning during the premarket trading period. The rally in the stock is linked to the E-school bus deal that was struck today. The deal in question is the biggest of its kind in the United States and hence, the excitement among investors is not surprising.

It has emerged that Board of Education in Montgomery County in Maryland has voted to approve a contract to lease as many as 326 buses for a period of 16 years worth $169 million. Proterra and Thomas Built Buses Inc are going to be responsible for building the buses. Proterra has gone public back on January 12 with assistance from Arclight, which is a SPAC (special purpose acquisition company). The latest deal could prove to be a major boost for the Arclight stock.

Alex Krakowsky

Editor in Chief. Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life

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