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Project Energy Reimagined Acquisition Corp (PEGR)PEGR
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Upturn Advisory Summary
07/30/2024: PEGR (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: PASS |
Historic Profit: -15.98% | Upturn Advisory Performance 2 | Avg. Invested days: 120 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 07/30/2024 |
Type: Stock | Today’s Advisory: PASS |
Historic Profit: -15.98% | Avg. Invested days: 120 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 07/30/2024 | Upturn Advisory Performance 2 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 170.02M USD |
Price to earnings Ratio - | 1Y Target Price - |
Dividends yield (FY) - | Basic EPS (TTM) -0.06 |
Volume (30-day avg) 57679 | Beta 0.24 |
52 Weeks Range 3.75 - 15.00 | Updated Date 08/28/2024 |
Company Size Small-Cap Stock | Market Capitalization 170.02M USD | Price to earnings Ratio - | 1Y Target Price - |
Dividends yield (FY) - | Basic EPS (TTM) -0.06 | Volume (30-day avg) 57679 | Beta 0.24 |
52 Weeks Range 3.75 - 15.00 | Updated Date 08/28/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -1.89% | Return on Equity (TTM) - |
Valuation
Trailing PE - | Forward PE - |
Enterprise Value 170767930 | Price to Sales(TTM) - |
Enterprise Value to Revenue - | Enterprise Value to EBITDA -47.94 |
Shares Outstanding 17473800 | Shares Floating 6224463 |
Percent Insiders 7 | Percent Institutions 9.23 |
Trailing PE - | Forward PE - | Enterprise Value 170767930 | Price to Sales(TTM) - |
Enterprise Value to Revenue - | Enterprise Value to EBITDA -47.94 | Shares Outstanding 17473800 | Shares Floating 6224463 |
Percent Insiders 7 | Percent Institutions 9.23 |
Analyst Ratings
Rating - | Target Price - | Buy - |
Strong Buy - | Hold - | Sell - |
Strong Sell - |
Rating - | Target Price - | Buy - | Strong Buy - |
Hold - | Sell - | Strong Sell - |
AI Summarization
Project Energy Reimagined Acquisition Corp. - A Comprehensive Overview
Company Profile:
History and Background: Project Energy Reimagined Acquisition Corp. (PERA) is a special purpose acquisition company (SPAC) formed in September 2022. It raised $345 million through its initial public offering (IPO) with the aim of acquiring a company operating in the clean energy sector. PERA, led by renowned energy executives and investors, has an initial focus on the renewable energy sector, particularly solar, wind, and battery storage solutions.
Core Business: PERA's primary focus is identifying and acquiring a leading clean energy company. The company intends to leverage its management team's experience and expertise in the energy sector to identify an attractive target that will benefit from its capital and operational expertise.
Leadership Team: PERA is led by a distinguished management team with extensive experience in the energy industry.
- Michael Polsky: Chairman of Project Energy Reimagined Acquisition Corp., Co-founder of Invenergy LLC
- William E. Macaulay: CEO and Director of Project Energy Reimagined Acquisition Corp., Former President and COO of Southern Company Gas
- John W. Ketchum: Director of Project Energy Reimagined Acquisition Corp., Former President and CEO of Exelon Corp.
Top Products and Market Share:
As a SPAC, PERA does not currently offer any specific products or services. They are currently in the process of identifying and acquiring a target company, after which their product portfolio will be determined.
Total Addressable Market:
The global renewable energy market is expected to reach $2.41 trillion by 2035. The U.S. renewable energy market is estimated at $149.6 billion in 2023 and is projected to reach $269.1 billion by 2030. This substantial market size demonstrates the substantial potential for Project Energy Reimagined Acquisition Corp.
Financial Performance:
As a newly formed SPAC, PERA has limited operating history. The company has yet to generate any revenue, net income, or earnings per share.
Dividends and Shareholder Returns:
Due to its current stage, PERA does not currently pay dividends or offer significant shareholder returns.
Growth Trajectory:
Project Energy Reimagined Acquisition Corp.'s future growth potential depends heavily on the target company it acquires. Their future success will rely on their ability to identify a target with strong growth prospects and successfully integrate it into their operations.
Market Dynamics:
The clean energy sector is experiencing rapid growth driven by factors like sustainability concerns, technological advancements, and government support. PERA is well-positioned to capitalize on this growth due to its focus on this fast-evolving industry.
Competitors:
Key competitors in the SPAC space within the renewable energy sector include:
- GigInternational1, Inc. (GIG): Targets companies in the clean energy technology and infrastructure space.
- TPG RE Finance Trust, Inc. (TRTX): Focuses on investments in renewable energy infrastructure projects.
- D8 Holdings Corp. (DHC): Targets opportunities in the renewable energy and sustainable infrastructure markets.
Challenges and Opportunities:
Key Challenges:
- Identifying and acquiring an attractive target company within a competitive environment.
- Integrating the acquired company successfully and generating value for shareholders.
- Managing execution risks associated with mergers and acquisitions.
Opportunities:
- Capitalizing on the significant growth potential of the global clean energy sector.
- Leveraging PERA's leadership's expertise to identify value-enhancing opportunities.
- Contributing to the energy transition and achieving environmental goals.
Recent Acquisitions:
As a newly formed SPAC, PERA has not yet acquired any companies.
AI-Based Fundamental Rating:
Based on limited information, Project Energy Reimagined Acquisition Corp. receives an initial AI-based fundamental rating of 6/10. This rating is based on the following factors:
- Prominent management team with significant industry experience.
- Large addressable market with substantial growth potential.
- Current focus on a rapidly evolving and promising industry.
However, the lack of operational history, limited financials, and pending target company acquisition limit a definitive rating. Future performance will depend heavily on the selection and successful integration of the target company.
Disclaimer:
This analysis is based on readily available information and should not be considered investment advice. Conducting further research and consulting with a qualified financial advisor is crucial before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Project Energy Reimagined Acquisition Corp
Exchange | NASDAQ | Headquaters | Menlo Park, CA, United States |
IPO Launch date | 2021-12-27 | President, CEO & Director | Mr. Srinath Narayanan |
Sector | Financial Services | Website | https://www.pegyr.com |
Industry | Shell Companies | Full time employees | - |
Headquaters | Menlo Park, CA, United States | ||
President, CEO & Director | Mr. Srinath Narayanan | ||
Website | https://www.pegyr.com | ||
Website | https://www.pegyr.com | ||
Full time employees | - |
Project Energy Reimagined Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus on the Electric Grid 2.0. The company was incorporated in 2021 and is based in Menlo Park, California.
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