Charge point stock price drivers#
Charge point stock price update#
Charge point stock price full#

That compares to the 8% share that Blink commands, according to the Alternative Fuels Data Center (AFDC). If we were to compare, ChargePoint boasts a whopping 73% market share of networked Level 2 charging.

1 charging network in North America by a significant margin. Chewy (CHWY) Vs Amazon (AMZN): Which E-Commerce Stock Is A Better Buy?ĬhargePoint Is The Leader In The EV Charging Network SpaceĬhargePoint is the No.Should Investors Be Watching These Top Tech Stocks In April 2021?.“ ChargePoint’s ongoing effort to significantly expand access to charging across cities, rural communities, and along highways is core to our mission and the collaboration with NATSO is already making significant progress toward that goal,” said Colleen Jansen, Chief Marketing Officer, ChargePoint. The package will support $174 billion being allocated to encourage the adoption of EVs, including money for buyers of EVs, and programs to boost charging infrastructure reports CNBC. That would benefit companies including ChargePoint and Blink Charging ( NASDAQ: BLNK).

Subsequently, it creates a huge market for various products and services within EV charging. With President Joe Biden’s call for broad investment in EVs, one could expect a flood of electric vehicles set to hit the market as part of the plan in combating climate change. Source: TD Ameritrade TOSīloomberg NEF estimates EVs will make up 10% of all vehicles sold by 2025 and increase to more than 29% by 2030.

Charge point stock price drivers#

“ Together with ChargePoint, we are harnessing the nation’s vast fuel retailing network to ensure that drivers of electric vehicles have a reliable place to fuel,” said NATSO President and CEO Lisa Mullings. For those unfamiliar, this is an initiative that will leverage $1 billion in public and private capital to deploy 4,000 charging stations to travel plazas and fuel stops by 2030. To date, ChargePoint and NATSO have installed 15 DC fast charging spots in the first year.

Charge point stock price update#

This came after the progress update regarding the National Highway Charging Collaborative. Not this week, CHPT stock skyrocketed 19% higher on Wednesday’s trading. Since going public, its stock performance has been rather underwhelming. Making A List Of Top Industrial Stocks To Buy Now? 4 To Watch What Infrastructure Plan Means For CHPT Stock If you are wondering if CHPT stock could bring value over the long term, read on. Because investing in CHPT stock allows you to participate in the mega EV trend without having to pick a “winner” from a pool of EV stocks. It is regarded as a perfect choice for investors looking to gain exposure in the space.

Investors may have different expectations and are focusing on what ChargePoint could bring to the table.įor starters, ChargePoint is a leading electric vehicle charging network in North America and Europe. For the uninitiated, ChargePoint went public by merging with a special purpose acquisition company, Switchback Energy.

That said, ChargePoint ( NYSE: CHPT) stands a good chance to be a global player in the EV charging industry. For this reason, investors have been on the lookout for the best EV charging stocks in the stock market today.Īs that happens, only a handful of EV charging companies will turn into global giants in the future.

Charge point stock price full#

However, full electrification is hard to come by unless an equally large growth spurt takes place in the EV charging space. But what good is an electric vehicle (EV) without the charging stations? When legendary automakers like General Motors ( NYSE: GM) and Ford ( NYSE: F) are ramping up their EV offerings to compete with the red-hot names like Tesla ( NASDAQ: TSLA) and Nio ( NYSE: NIO), there is a good chance that this megatrend is likely to stay. Much of the focus of electrification has been on automakers. What’s Powering ChargePoint Stock Higher This Week?