Chargepoint stock ipo


  • ChargePoint Now Public — ChargePoint’s Role In EV Charging Network
  • Switchback Energy Stock a Fascinating yet Overpriced EV Play
  • How to buy ChargePoint stock
  • EV Charging Company ChargePoint Completes SPAC Deal, Lists on NYSE
  • EV charging firm Pod Point to float on London Stock Exchange
  • Is ChargePoint Stock Worth Investing In?
  • ChargePoint Now Public — ChargePoint’s Role In EV Charging Network

    By Bob Haegele Nov 17, at PM Anyone who has driven an electric vehicle is probably familiar with ChargePoint stock and the plus sign that is seen throughout its branding. The plus sign, in this case, refers to positive and negative charges. ChargePoint is the largest charging network in the world. Electric vehicles are generating a lot of interest from investors these days as a slew of new EVs hits the market.

    And with more EVs in development, the demand for charging will inevitably increase. However, there are some risks facing the company, and we must take a closer look before deciding whether ChargePoint stock is a buy. Founded in , ChargePoint has over , charging locations in operation as of September If you include stations with roaming integrations, the number comes to , And while that is the latest figure, ChargePoint continues to expand rapidly and the number will likely be much higher before long.

    ChargePoint headquarters is located in Campbell, California. It operates in 14 countries including the U. Quarterly Financials The most recent earnings call for ChargePoint paints an interesting picture. Overall, this quarter was not the best for ChargePoint. And while EPS increased, it was still negative overall. The previous quarter was much better for ChargePoint as every area except operating income had YoY increases at that point.

    As for EPS and revenue predictions, it has beat revenue predictions while missing EPS projections in each of the last three quarters. In fact, various analyses show there is a bullish outlook for the stock in the short, mid, and long term.

    All of this is despite the fact that Fidelity, for instance, rates the stock as highly overvalued, with a 3 out of , where 1 is the most overvalued and is the most undervalued. However, that same analysis does give it a 95 out of for growth stability, and this could be what is encouraging to investors. After all, we discussed earlier how ChargePoint continues its rapid expansion, including to other countries.

    If profits increase when charging infrastructure becomes more saturated, things could look quite good for ChargePoint stock investors. ChargePoint Stock Predictions In addition to its struggles to maintain profitability, some analysts point to a risk of commoditization in charging infrastructure. Think of it like gas stations: when filling up a gas-powered car, most of us would simply visit whichever gas station has the lowest price per gallon.

    EV charging could follow a similar path which would make it difficult for ChargePoint to maintain its market dominance. All of these things being considered, ChargePoint stock is a moderate buy but not necessarily a home run. Again, we see a mixed bag with ChargePoint. It is never encouraging to see a stock lose more than 50 percent of its value, but the plus side is that it has been increasing since early October. In fact, it is up another 50 percent compared to its October low point.

    Thus, we can expect ChargePoint to continue its modest rise while keeping in mind the potential risks the company faces. It is still the largest charging network in the world, and that is a big advantage for it. Is ChargePoint Stock a Buy? To decide whether ChargePoint stock is a buy, you will have to decide whether you want to invest in charging infrastructure more generally. While ChargePoint has some potential risk factors, it is nonetheless the largest charging network in the world. Chargepoint is often compared to charging networks, such as Blink and EVgo.

    However, ChargePoint stock is as good or better in terms of investment opportunity. Of course, the other option is EV stocks , many of which are also good investments. But if you want to invest in EV charging specifically, ChargePoint is a good choice. Plus, the U. On the other hand, if you are simply looking for the next winning stock and are not particularly interested in EV charging, then ChargePoint may not be the best choice.

    While it may continue its modest rise, the potential for commoditization in EV charging may hurt its long-term growth. For more insight on the hottest trends, sign up for the Profit Trends e-letter below. This free e-letter provides tips and tricks from top investing experts. Simply put, it depends on what is important to you and what your investment goals are. About Bob Haegele Bob Haegele is a personal finance writer who specializes in investing and planning for retirement.

    Switchback Energy Stock a Fascinating yet Overpriced EV Play

    However, due to the absence of the required quorum, the vote has now been postponed till later in February. The voting process has also been reopened for shareholders. Switchback will communicate this information officially via a filing with the SEC later today. For the uninitiated, ChargePoint is currently one of the largest EV charging service providers in the world, with over 4, partner businesses and organizations offering , unique charging points. Moreover, the company also offers access to an additional , public charging points through network roaming integrations across North America and Europe.

    ChargePoint employs a CAPEX-light approach by selling host businesses and organizations the necessary charging hardware — including AC level 2 to DC fast charging equipment — in order to electrify parking spaces.

    The resulting charging network is integrated via a mobile app. With EVs expected to account for around 30 percent of new vehicles sold in the U. Moreover, the company is currently in a dominant position in the United States, controlling around 73 percent of the L2 charging network. Nonetheless, the advent of new competition is now a key concern for ChargePoint.

    EVgo currently maintains the largest public network of fast chargers in the US, with more than locations in 67 major metropolitan markets across 34 states. Crucially, EVgo charging stations are completely powered by renewable energy. Moreover, Volta is another ChargePoint competitor that is using a completely different operational model as a differentiating strategy.

    In effect, the company derives all of its revenue from displaying ads in prominent places, thereby allowing its customers to charge their EVs for free. Given this evolving competitive landscape, ChargePoint will have to utilize its current dominance deftly in order to maintain its advantage in this sphere.

    Update The vote meeting has been postponed till the 25th of February, as per the press statement released moments ago. The author has no position in any of the stocks mentioned.

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    Payments if any, because many stations are free are handled by ChargePoint and the owner gets their cut. This creates some reliability problems with its network compared to the others. I once lived at some apartments that had two ChargePoint stations.

    The apartments provided free charging, so they were eating it all.

    How to buy ChargePoint stock

    Good mutations made for creatures that survived and thrived, passing their genes on to more offspring. While customers will love those companies, they will be selected by the market for extinction. When that happens, the company will slowly die as competitors move in to serve the customers who were let down by the faulty stations.

    Ultimately, it will be the companies that provide reasonably good service and that means reliable stations and turn a profit who will succeed in the end. Investors should probably just keep an eye on ChargePoint using the Plugshare app. However, that same analysis does give it a 95 out of for growth stability, and this could be what is encouraging to investors. After all, we discussed earlier how ChargePoint continues its rapid expansion, including to other countries.

    If profits increase when charging infrastructure becomes more saturated, things could look quite good for ChargePoint stock investors.

    EV Charging Company ChargePoint Completes SPAC Deal, Lists on NYSE

    ChargePoint Stock Predictions In addition to its struggles to maintain profitability, some analysts point to a risk of commoditization in charging infrastructure. Think of it like gas stations: when filling up a gas-powered car, most of us would simply visit whichever gas station has the lowest price per gallon.

    EV charging could follow a similar path which would make it difficult for ChargePoint to maintain its market dominance. All of these things being considered, ChargePoint stock is a moderate buy but not necessarily a home run. Again, we see a mixed bag with ChargePoint.

    EV charging firm Pod Point to float on London Stock Exchange

    It is never encouraging to see a stock lose more than 50 percent of its value, but the plus side is that it has been increasing since early October. In fact, it is up another 50 percent compared to its October low point. Thus, we can expect ChargePoint to continue its modest rise while keeping in mind the potential risks the company faces. It is still the largest charging network in the world, and that is a big advantage for it.

    Is ChargePoint Stock Worth Investing In?

    Is ChargePoint Stock a Buy? To decide whether ChargePoint stock is a buy, you will have to decide whether you want to invest in charging infrastructure more generally. Crucially, EVgo charging stations are completely powered by renewable energy. Moreover, Volta is another ChargePoint competitor that is using a completely different operational model as a differentiating strategy.

    In effect, the company derives all of its revenue from displaying ads in prominent places, thereby allowing its customers to charge their EVs for free. Given this evolving competitive landscape, ChargePoint will have to utilize its current dominance deftly in order to maintain its advantage in this sphere. Update The vote meeting has been postponed till the 25th of February, as per the press statement released moments ago. The author has no position in any of the stocks mentioned.


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