Episode Summary:On today's SPACs Attack Chris & Money Mitch go into Vertical Aerospace.
Vertical Aerospace CEO, Stephen Fitzpatrick EVTL
Vertical Aerospace CEO, Stephen Fitzpatrick going public via SPAC merger Broadstone Acquisition (BSN).
SPACs September Calendar:
9/28 DMYI merger vote with IonQ9/28 MAAC merger vote with Roivant Sciences
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How are we doing traders? Welcome to the specs attack. Yes, we're going to be getting into aerospace. We talked about these companies we've talked to Joby, we've taken a look at these companies. So get ready. We're going to talk to another one, one that has impressed me. And I know Chris is going to be super excited to get into the interview.
Let's go ahead and jump right into the. We're going to get into headlines and hit that interview as fast as we can. Let's go ahead. You guys start us up with a thumbs up.
what's going, what's going on, traders. How are we doing out there? Let's go ahead and bring in the brains of this show. Chris catchy was going on. Hey, what's up Mitch? Yeah. Happy Friday to everyone out there. Starting to show up a little late, but. We got the headlines. We, we got an interview and we'll also try to hit ticker time at the end of the show.
So stay tuned to everyone. It's going to be a great episode here. Yeah, you guys, like it says at the bottom up next, we'll be getting into BSN, which is a company that's going to be merging into an aerospace plate. You guys, you know, one thing that we've talked about is how we've. Taking a step into these kinds of plays that have come to the market.
We're going to bring you another one today. But first thing, we got a couple of headlines. I know Chris wants to get right through that. Let's go ahead and knock those out.
All right guys. Yeah. Quiet Friday out there. No new deals. I'm not seeing any rumors. Um, but let's get to some headlines. We do have some analysts notes out there. So up first SMF, our SEMA for holding. Jeffrey's initiating coverage with a buy rating and a price target of $13. So a SEMA four S M F R. This is one that's under $10 right now.
Uh, got a nice little uptick this morning, but about 2% right now. And we have PEO near pay P a Y O city group initiating coverage with a buy rating and a price target of $12 and 50 cents. I'm one of those FinTech plays. This one is starting to creep back up to the $10 level. Uh, we'll see if PEO near can get back up there.
And then Protera Barclays initiating coverage on pro Terra PTR a with a price target of $10, a Proterra. Remember electric, uh, buses and vehicles, the $10 call here. Um, this is an equal weight rating. Not great. Considering the stock is trading right around 10 times. Um, this continues to be one of my favorites going forward.
As I think we get some new electric bus deals. And then speaking of electric buses, we also have lion electric, L E V Barclays initiating coverage with an overweight rating and a price target of $17. So there you have your pair trade Barclays, essentially coming out and picking Lyon electric as the one that it favors more.
Over pro Terra. So interesting. I like both of them. I think the sector's got room for many p